LIC New Scheme Amritbaal: Life Insurance Corporation of India (LIC) has launched a new insurance policy for children aged 30 days to 13 years. This is LIC’s Amritbal policy.
It can be purchased both online and offline from February 17, 2024. According to LIC, LIC Amritbal policy is designed to provide adequate funds to meet the needs of the child.
Life Insurance Corporation of India (LIC) has launched its new scheme (LIC New Scheme) Amritbaal with the aim of securing the future of children. Amritbal is an individual savings life insurance plan specifically designed to meet the higher education and other needs of the child. This plan has also been named ‘Plan 874’, which has been specially designed for children. In a way, this is a child insurance policy. People can buy this policy from today. Let us tell you about this new policy of LIC.
You will get discount on buying online
Life Insurance Corporation of India (LIC) has launched a new insurance policy specially designed for children aged between 30 days to maximum 13 years. You will also get a discount on purchasing this Individual Savings Life Insurance Plan online.
According to LIC, LIC Amritbal policy is designed to provide adequate funds to meet the needs of the child. This policy can be purchased both online and offline from Saturday, February 17, 2024. This policy offers Sum Assured through Guaranteed Addition at the rate of Rs 80 per thousand of Basic Sum Assured at the end of each policy year from inception to the end of the policy term.
Many options are available
Short term premium payment terms of 5, 6 or 7 years are available for this policy. The maximum premium payment term is 10 years. You can also choose the single premium payment option. Under this, you will have to take an insurance of at least Rs 2 lakh. If you want, you can take the maturity settlement in 5th, 10th or 15th year like a money back plan.
