LIC's 'Amrit Bal' Plan: Invest at a young age and get bumper returns in the future..

If you're a parent, you'll want to invest in a policy that secures your children's future. Everyone needs a substantial corpus to meet rising education fees, college expenses, career advancement, and wedding expenses. This is why parents invest money in their children's future. Investing in the right scheme in a timely manner can alleviate the stress of future expenses. Therefore, consider choosing a SIP policy. LIC has introduced a special policy to secure children's future, called Amritbal. This policy not only provides insurance protection but also offers the potential for good long-term returns. Through this plan, parents can create a safe fund for their children's education and other essential needs.

LIC's Amritbal Plan is a special non-linked life insurance policy designed to ensure children's future financially. This scheme allows parents to make a safe, long-term investment for their child, ensuring they have enough money for their education, career, and big dreams. The minimum age for this scheme is 30 days, and the maximum is 13 years. With a maturity period of 18 to 25 years, this scheme provides reliable financial security for their child's future.

Easy Ways to Buy the Policy

The LIC Amrit Bal Policy can be purchased both online and offline.

You can seek the help of an LIC agent for offline purchases.

Special discounts are often available for online purchases.

Buying the policy from the website at home is a convenient option.

Important Sum Assured Information

The minimum sum assured for this policy is ₹2 lakh.

There is no maximum sum assured limit.

Parents can increase their investment according to their convenience and needs.

A higher sum assured creates a larger fund for the future.

Premium Payment Options
Premiums can be paid monthly.
Quarterly, half-yearly, and annual payment options are available.
A single premium option is also available.
A limited premium payment term is also available.

Waiver Benefit Rider
A premium waiver benefit rider can be added to this policy.
Further premiums can be waived in case of an emergency.
This feature protects the child's policy.
Policy benefits continue under the rider.

Why is this policy special for children?
A guaranteed additional sum assured is available at the end of each year.
Extra benefits are available at the rate of ₹80 per thousand sum assured.
This benefit is available only while the policy is active.
This amount translates into significant savings over the long term.

Risk Cover Commencement Rules
If the child is less than 8 years old at entry,
Risk cover commences after 2 years or on the policy anniversary.
This provides future security to the child.

This rule further strengthens the policy.

Age Requirements

The minimum age of the child is 30 days.

The maximum age can be up to 13 years.

The minimum maturity age is 18 years.

The maximum maturity age is 25 years.

Short Premium Payment Term
Option to complete premiums in 5 years.

A 6-year option is also available.

A 7-year limited payment option is also available.
Long-term benefits of paying premiums in a short period.

Loan Facility
Loans are available subject to certain conditions.

A loan can be taken against the policy if needed.

This provides financial assistance in case of an emergency.

Overall Policy Benefits

A secure fund for children's education and future expenses.

Insurance protection with guaranteed returns.

Reliable long-term investment option.

A stress-free savings plan for parents.

Conclusion
The LIC Amrit Bal policy is a strong and secure plan for children's future.
It offers a balance of investment, protection, and guaranteed benefits.

By investing at the right time, parents can lay a strong foundation for their children's dreams. (Note: This article is for informational purposes only and should not be construed as investment advice. Consult a financial advisor before making any investment decisions.)

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