LIC Amrit Bal: LIC's new policy for children, will get huge returns with insurance

Every parent wants to save some part of their earnings and invest it in such a place which will help in providing a big fund for their children or in meeting other needs including their education. , If you are also planning something similar then this news is very important for you.

Actually, the country's largest insurance company LIC has recently launched a new scheme, which is especially for children. The name of this policy is LIC Amrit Bal, which gives excellent returns along with insurance.

This is the age limit for taking the policy

LIC Amrit Bal Yojana is a non-linked life insurance policy. It is clear from the name itself that it has been launched especially keeping in mind the future of children. Parents can start investing in this scheme of LIC to secure the future of their child. To take this child plan of LIC, the age of the child should be minimum 30 days and maximum 13 years. Talking about the maturity of this policy, the minimum has been kept at 18 years and maximum at 25 years.

These options are available for premium payment

If you want to take this policy then it can be purchased in both online or offline mode. The minimum sum insured is Rs 2,00,000, while no limit has been set for the maximum. That means you can invest as much as you want. There is also a provision to give some discount on online shopping. You can pay the premium amount in LIC Amrit Child Policy on monthly, quarterly, half-yearly and yearly basis. This plan also gives you the facility to choose discount benefit rider as per two options under single premium and limited premium.

LIC is giving guaranteed returns

This children's policy is special in many ways, with its purchase i.e. from the beginning of the policy till the end of the policy term, a sum assured is finally available through Guaranteed Addition at the rate of Rs 80 per thousand of the basic sum assured. of each policy year. , But for this it is necessary for this policy to remain active. In this policy of LIC, if the age of the child of the policy holder is less than 8 years at the time of entry, the risk will start 2 years from the policy commencement date or immediately after the policy anniversary.

Special Features of LIC Amrit Child Plan

• The age limit at the time of taking the policy is minimum 30 days and maximum age is 13 years.
• At present the minimum age of maturity is 18 years and maximum age is 25 years.
• Short premium payment terms are available under the policy, which are 5, 6 or 7 years.
• The minimum sum insured is Rs 2,00,000 and there is no limit on the maximum sum insured.
• Premium waiver benefit rider is available on additional premium payment subject to eligibility conditions.
• This children policy of LIC also provides loan facility with certain conditions.
• This plan can be purchased from LIC agents or LIC website.