LIC's Amritbaal Plan One of The Best Plan for Your Children's

**LIC's Amritbaal** is a **Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan** designed specifically to create an adequate corpus for your child's higher education and other needs. Here are the key details:

1. **Guaranteed Addition**: Throughout the policy term, there's a guaranteed addition of ₹80 per thousand Basic Sum Assured.

2. **Life Insurance Coverage**: You can choose life insurance coverage for your child based on their needs.

3. **Premium Payment Options**:

    - **Single Premium**: Pay the premium in a lump sum.

    - **Limited Premium Payment**: Choose from 5, 6, or 7 years.

4. **Maturity Age**: You can select the maturity age from 18 to 25 years for various child-related needs.

5. **Benefit Payout Options**:

    - You have the option to receive benefits in installments.

    - You can also choose the **Premium Waiver Benefit** rider by paying an additional premium.

6. **High Sum Assured Rebate**: Attractive rebates are available for high sum assured amounts.

7. **Loan Facility**: The plan provides liquidity through a loan facility.

**Eligibility Conditions**:

- **Minimum Age at Entry**: 30 days completed (0 years).

- **Maximum Age at Entry**: 13 years (last birthday).

- **Minimum Age at Maturity**: 18 years (last birthday).

- **Maximum Age at Maturity**: 25 years (last birthday).

- **Minimum Policy Term**:

    - Limited Premium Payment: 10 years.

    - Single Premium Payment: 5 years.

- **Maximum Policy Term**:

    - Limited Premium Payment: 25 years.

    - Single Premium Payment: 25 years.

- **Minimum Sum Assured**: ₹2,00,000.

- **Maximum Basic Sum Assured**: No limit, subject to underwriting decision.

Remember to read the policy document carefully and consult with a financial advisor to Banothu Balu ensure this plan aligns with your child's future goals

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