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LIC's Amrit Bal Scheme: A Secured Future for Your Child with Guaranteed Returns
Indiaemploymentnews | December 13, 2024 3:39 PM CST


If you are looking for a financial safety net for your child's future, LIC’s Amrit Bal Scheme could be the perfect option. This exclusive policy ensures guaranteed returns while providing life insurance coverage for your child, making it a dual-benefit plan designed to meet long-term goals like education, marriage, and other essential needs.

What is LIC Amrit Bal?

LIC Amrit Bal is a non-linked life insurance policy specifically designed for children. It offers:

  • Guaranteed Returns: Rs 80 per Rs 1,000 insured amount annually.
  • Coverage: Life insurance coverage throughout the policy term.
Key Features of LIC Amrit Bal

  • Eligibility:

    • Minimum Entry Age: 30 days.
    • Maximum Entry Age: 13 years.
    • Maturity Age: 18 to 25 years.

  • Premium Payment Options:

    • Flexible premium payment terms of 5, 6, 7, or 10 years.
    • Single premium payment option available.

  • Assured Returns Example:

    • For a sum insured of Rs 1 lakh, an additional Rs 8,000 will be added each year, guaranteeing Rs 80 per Rs 1,000 insured.

  • Sum Assured:

    • Minimum: Rs 2,00,000.
    • Maximum: No upper limit.

  • Premium Payment Modes:

    • Monthly, Quarterly, Half-Yearly, or Annually.

  • Additional Riders:

    • Waiver of Premium Benefit Rider available for added flexibility and security.
    • Why Choose LIC Amrit Bal?
    • Guaranteed Returns: Assures a steady financial growth over time.
    • Life Insurance: Provides security in case of unforeseen events.
    • Flexibility: Options to receive maturity benefits in 5th, 10th, or 15th year akin to a money-back plan.
    • Convenient Premium Payment Options: Pay as per your financial capacity.
    How to Apply for LIC Amrit Bal?
    • Online or Offline: Available through LIC's official portal or your nearest LIC branch.
    • Documents Required:
      • Child’s birth certificate.
      • Parent’s KYC details.
      • Premium payment details.

    This policy is an excellent choice for parents who wish to secure their child’s future with a reliable savings plan coupled with life insurance coverage. Start planning today to ensure your child’s dreams are supported financially.

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