LIC Jeevan Shree Plan: Features, Benefits, and Honest Review

LIC Jeevan Shree is a limited premium endowment plan. You pay premiums for a shorter period than the policy term. The policy continues to provide life cover and accumulate bonuses even after your premium payments stop. This is different from a regular endowment where you pay premiums throughout the policy term.

How it works: Say you take a 25-year policy with a 15-year premium payment term. You pay for 15 years, then stop. The policy still runs for 10 more years, covering your life and accruing bonuses. At the end of 25 years, you receive the Sum Assured plus all accumulated bonuses as maturity proceeds.

The key feature is Guaranteed Additions. During the premium paying term, LIC adds a fixed amount per Rs 1,000 of Sum Assured every year, regardless of LIC's bonus declarations. This gives you a minimum guaranteed return floor, which is rare in participating plans that usually depend entirely on LIC's profits.

Who benefits from Jeevan Shree? It suits people who expect their income to reduce in later years, like business owners who plan to retire early, or salaried employees who want to clear all premium obligations before retirement. If you're 35 today and retire at 55, a 20-year policy with a 15-year premium term means premiums stop at 50, five years before your income drops.

What it doesn't do: Jeevan Shree is not a protection plan. The Sum Assured is modest relative to premium paid compared to a term plan. If pure protection is your need, LIC Jeevan Amar gives Rs 1 crore cover for Rs 12,500 per year. Jeevan Shree gives far less cover for far more premium but builds guaranteed savings.

Call me at 9415313434 for a detailed illustration of exactly how much you'd accumulate with Jeevan Shree versus other plans at your age.

Use our free [Maturity Calculator](/calculators/maturity) to estimate your returns.