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If you are also thinking of making some investments for children, then today we are telling you that LIC has introduced another insurance plan for children and that is 'LIC Amritbal'. It has been specially designed for children, which you can buy from today itself. In such a situation, let us know what are its benefits.
In this plan, LIC offers a guaranteed return at the ratio of Rs 80 for every Rs 1000 of sum assured. Its special thing is that this return of Rs 80 is added to the sum assured i.e. sum assured of the insurance policy. According to the information, an insurance of Rs 1 lakh was done in the name of the child. In such a situation, LIC will add a guarantee amount of Rs 8000 to your insurance amount. This guaranteed return will be added every year at the end of the policy year and will continue till the end of the entire policy term.
This policy can be purchased for a child between 30 days to 13 years of age. The minimum maturity age of this policy is 18 years and maximum 25 years. If you want to choose single premium payment option, you can choose this also. However, under the scheme you will have to take a minimum sum assured of Rs 2 lakh.