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LIC — Child Plans
LIC's Amritbaal (Plan 774)
Premium
₹70/Day
Sum Assured
₹2 Lakh - No Limit
Term
Child's age 25 years
Premium Paying
Single Pay / Limited Pay (5-10 years)
Key Features
Guaranteed Additions of ₹60 per ₹1000 Sum Assured per year
Single premium option - pay once, relax
Premium waiver benefit in case of proposer's death
Multiple payout options at maturity
Loan facility available
Tax benefits under Section 80C & 10(10D)
Paid-up value available
Benefits
Maturity Benefit
Sum Assured + Accrued Guaranteed Additions (₹60 per ₹1000 SA per year)
Death Benefit
Higher of Sum Assured or 10x Annualized Premium + Accrued Guaranteed Additions
Available Riders
Premium Waiver Benefit RiderAccident Benefit Rider
Eligibility
Child: 0-13 years, Proposer: 18-55 years
Highlights
Guaranteed ₹60/1000 SA additions - pay once, secure child's entire future