LIC Amritbaal Plan 774
Secure Your Child’s Future with Guaranteed Returns & Life Cover
📄 Plan Details – LIC Amritbaal (Plan 774)
| Plan Name | LIC Amritbaal |
| Plan Number | 774 |
| Type | Non-Linked, Non-Participating Child Plan |
| Designed For | Children (30 days to 13 years) |
| Policy Term | Up to 25 Years |
| Premium Payment Options | Single Premium or Limited Premium (5/6/7 years) |
| Guaranteed Additions | ₹80 per ₹1000 Basic Sum Assured every year |
| Minimum Sum Assured | ₹2,00,000 |
⭐ Key Features
- Designed to build corpus for child’s future (education, marriage etc.). :contentReference[oaicite:1]{index=1}
- Guaranteed Additions of ₹80 per ₹1,000 Basic Sum Assured every year. :contentReference[oaicite:2]{index=2}
- Flexible premium payment: single premium or limited premium. :contentReference[oaicite:3]{index=3}
- Option to choose maturity age between 18–25 years. :contentReference[oaicite:4]{index=4}
- Optional Premium Waiver Benefit rider available. :contentReference[oaicite:5]{index=5}
- Loan and surrender value available under policy conditions. :contentReference[oaicite:6]{index=6}
💰 Benefits
1. Maturity Benefit
On surviving the policy term, the child receives Basic Sum Assured + all Guaranteed Additions accrued. :contentReference[oaicite:7]{index=7}
2. Death Benefit
If the life assured (child) dies during the policy term, the nominee receives the Sum Assured on death plus accrued Guaranteed Additions. :contentReference[oaicite:8]{index=8}
3. Guaranteed Additions
₹80 per ₹1000 of Basic Sum Assured is credited each year, increasing the maturity payout. :contentReference[oaicite:9]{index=9}
4. Loan Facility
Loan facility available after policy acquires surrender value (after one year for limited premium, or 3 months for single premium). :contentReference[oaicite:10]{index=10}
5. Tax Benefits
Premiums paid eligible for tax rebate under Section 80C, and benefits generally tax-free under Section 10(10D). :contentReference[oaicite:11]{index=11}
On surviving the policy term, the child receives Basic Sum Assured + all Guaranteed Additions accrued. :contentReference[oaicite:7]{index=7}
2. Death Benefit
If the life assured (child) dies during the policy term, the nominee receives the Sum Assured on death plus accrued Guaranteed Additions. :contentReference[oaicite:8]{index=8}
3. Guaranteed Additions
₹80 per ₹1000 of Basic Sum Assured is credited each year, increasing the maturity payout. :contentReference[oaicite:9]{index=9}
4. Loan Facility
Loan facility available after policy acquires surrender value (after one year for limited premium, or 3 months for single premium). :contentReference[oaicite:10]{index=10}
5. Tax Benefits
Premiums paid eligible for tax rebate under Section 80C, and benefits generally tax-free under Section 10(10D). :contentReference[oaicite:11]{index=11}
✅ Eligibility Criteria
| Minimum Entry Age | 30 days (approx) |
| Maximum Entry Age | 13 years (last birthday) |
| Minimum Maturity Age | 18 years |
| Maximum Maturity Age | 25 years |
| Premium Paying Term | Single Pay or 5/6/7 years |
❓ Frequently Asked Questions (FAQ)
Q. What is LIC Amritbaal?
LIC Amritbaal is a child savings and life insurance plan designed to meet future financial needs like higher education and marriage. :contentReference[oaicite:12]{index=12}
Q. Can I choose policy maturity age?
Yes — maturity age can be chosen between 18 to 25 years. :contentReference[oaicite:13]{index=13}
Q. Is there a loan facility?
Yes, policyholders can avail loans after acquiring surrender value. :contentReference[oaicite:14]{index=14}
Q. Are tax benefits available?
Yes, under Section 80C for premium and Section 10(10D) for maturity/death benefits. :contentReference[oaicite:15]{index=15}
LIC Amritbaal is a child savings and life insurance plan designed to meet future financial needs like higher education and marriage. :contentReference[oaicite:12]{index=12}
Q. Can I choose policy maturity age?
Yes — maturity age can be chosen between 18 to 25 years. :contentReference[oaicite:13]{index=13}
Q. Is there a loan facility?
Yes, policyholders can avail loans after acquiring surrender value. :contentReference[oaicite:14]{index=14}
Q. Are tax benefits available?
Yes, under Section 80C for premium and Section 10(10D) for maturity/death benefits. :contentReference[oaicite:15]{index=15}