LIC is proposing to launch its new MONEY-BACK plan called LIC Bima Shree (Plan no.848) on 16th March, 2018. Bima Shree is a Non linked, Money back, Limited premium payment with guaranteed additions plan. This plan is almost similar to LIC’s recently launched plan i.e., Jeevan Shiromani . What are Money-back policies? – They provides life coverage during the term of the policy and the maturity benefits are paid in installments by way of Survival Benefits (money-back payments) . What are Limited Premium Payment Insurance Plans? – A limited premium payment plan is a plan where you pay the premium for a shorter span of time and enjoy the benefits of an insurance cover for a long time. Basic Features of LIC Bima Shree Plan Below are the eligibility conditions for Bima Shree Policy ; Minimum Age at entry : 8 years Maximum age at entry : 55 years for 14 years policy term (PT), 51 for 16 PT, 48 fo...