LIC AmritBaal: Special plan for children’s secure future

LIC AmritBaal: In today’s time, life insurance is very important for a secure future. Life Insurance Corporation of India has brought an excellent plan keeping in mind the future of children. This scheme has been named ‘LIC Amritbal’. In this plan, your child gets guaranteed returns along with the benefit of insurance. Through this you can also plan your children’s education expenses. The special thing about this policy is that you can buy it for children between the age of 30 days to 13 years. However, its maturity occurs between the age of 18 to 25 years of the child.

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Premium payment term is also available

This policy of Life Insurance Corporation of India has many special features. In this, premium payment terms of 5, 6 and 7 years are available. The maximum payment term in the policy is 10 years. However, under the scheme you will have to purchase insurance worth at least Rs 2 lakh. Maturity settlement of insurance can be taken in 5, 10 or 15 years like a normal money back plan. Besides, you also get the benefit of sum-assured and guaranteed returns in the policy. Also, if the policy buyer dies, the option of ‘Sum Assured on Death’ is also open. Additionally, you can also avail a refund of premium rider if you pay additional premium.

LIC will give guaranteed returns

This excellent plan has been launched by LIC on 17th February. In this special insurance scheme for children, a guaranteed return will be given in the ratio of Rs 80 on every Rs 1000 sum insured. This Rs 80 will be added to the sum insured. It can be understood that under this insurance scheme, an insurance of at least Rs 2 lakh has to be taken. If you take an insurance of Rs 2 lakh in the name of your child, then LIC will add Rs 16 thousand to it. This return will continue to accrue in your policy till the maturity of your policy.

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