Life Insurance Corporation of India (LIC) has introduced a new insurance policy Amritbaal. India’s largest insurance company has created this plan especially for children.
If you want to secure the future of your children, then this news may be useful for you. Actually, Life Insurance Corporation of India (LIC) recently launched its latest plan Amritbaal. Amritbal is an individual savings life insurance plan. This plan has been specially designed to meet the higher education and other needs of the child.
This plan has also been named ‘Plan 874’. You can buy this child insurance policy from today i.e. February 17, 2024. Let us know about the benefits of LIC’s Amritbal policy.
भारतीय जीवन बीमा निगम ने एक नई योजना पेश की है: एलआईसी का अमृतबाल#LIC #AMRITBAAL pic.twitter.com/A7GBJduwFW
— LIC India Forever (@LICIndiaForever) February 16, 2024
Who can buy Amritbal Plan:
Any person can buy Amritbal Plan for his child, provided his age is at least 30 days. The maximum age for purchasing the policy has been fixed at 13 years. The maturity age for the scheme has been fixed at minimum 18 years and maximum 25 years.
Minimum sum insured is Rs 2 lakh.
LIC said that the minimum sum insured is Rs 2 lakh, while no limit has been set for the maximum basic sum insured. Premium payment terms of 5, 6 or 7 years are available for this policy while the maximum premium payment term is 10 years.
