LIC Amritbaal Policy: Secure your child's future with this excellent plan from LIC..

LIC Amritbaal Policy: Every parent dreams of securing a strong financial future for their children. Often, people rely on bank Fixed Deposits (FDs) or Recurring Deposits (RDs) for this purpose, but are the interest rates offered sufficient to keep pace with future inflation and needs? The answer is likely no. In this scenario, the Life Insurance Corporation of India (LIC) has introduced a scheme that offers a unique combination of safety and savings. The scheme is called the LIC Amrit Bal Scheme.

What is LIC's Amrit Bal Scheme?
This is a non-linked life insurance policy specifically designed to meet the future needs of children. To invest in this policy, the child's minimum age must be 30 days and the maximum age 13 years. The policy matures when the child is between 18 and 25 years old, ensuring funds are available for college fees or career-related expenses.

Guaranteed Returns
The biggest highlight of this scheme is its bonus. It offers a guaranteed return of ₹80 for every ₹1000 invested annually. The minimum investment amount is ₹2 lakh, while there is no upper limit for investment.

Easy Investment Options
Parents can invest in the Amrit Bal policy according to their convenience. They can either deposit the entire amount in one go or choose monthly, quarterly, half-yearly, or annual premium payment options.

Why is it better than FD/RD?
Now, let's address the big question. As you know, the returns on FDs or RDs are limited, while the LIC Amrit Bal plan not only provides insurance protection but also creates a substantial fund with guaranteed additions. This is an excellent option for parents who want to ensure their children's dreams are not hampered by a lack of funds.

If you are planning to invest for your child's bright future, this LIC scheme can be a sound decision offering both safety and good returns.

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