LIC' Amritbaal Scheme: Here's is a quick look at the scheme
Zee Business | March 18, 2024 3:35 PM CST
LIC has recently announced a special savings-cum-insurance plan for parents intending to build a corpus for their kids. The scheme called LIC Amritbaal is essentially a non-linked, non-participating, individual savings life insurance plan that looks to create a sizable sum through guaranteed additions at the rate of Rs 80 per thousand in basic sum assured at the end of each policy year from the inception till the end of the policy term. Here are the policy terms:
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