Every parent wants to securely save their hard-earned money for their children's future. It's important to choose a savings and investment plan that can help them with their children's education, college fees, marriage, or other major needs. So, if you're also thinking about investing money wisely to build a strong fund for the future, this news is very important for you. The right investment today will secure your children's tomorrow. In fact, LIC, the country's largest insurance company, has a special scheme specifically for children. This policy, called LIC Amrit Bal, offers excellent returns along with insurance.

What is LIC's Amrit Bal Scheme?
The LIC Amrit Bal Scheme is a non-linked life insurance policy launched specifically with children's future in mind. Under this plan, parents can start secure investments for their child's education, big dreams, and other needs. Yes, to take this policy, the child must be at least 30 days old and a maximum of 13 years old. The maturity period is from 18 to 25 years. The LIC Amrit Bal plan offers parents a reliable option, ensuring their child's future is financially secure.

How to take this plan
If you wish to take the LIC Amrit Bal policy, it can be purchased both online and offline. The minimum sum assured for this policy is ₹200,000, while there is no maximum limit, meaning you can invest as per your convenience. You can also avail discounts on online purchases. Premiums can be paid monthly, quarterly, half-yearly, or annually. Additionally, the scheme offers single premium and limited premium options, along with the option to choose a waiver benefit rider.

This policy is unique for children.
The LIC Amrit Bal children's policy is unique in many ways. With this policy, you receive a guaranteed additional sum assured (₹80 per thousand of the basic sum assured) at the end of each year of the policy term. The policy must be in force to receive these benefits. Therefore, if the policyholder's child is under 8 years of age at entry, the risk becomes effective two years from the policy commencement date or on or immediately after the policy anniversary. Essentially, this plan ensures the security of the child's future.

Key Points of the Policy
The LIC Amrit Bal Plan is a unique insurance scheme designed with children's future in mind. To qualify for this policy, the child must be at least 30 days old and at most 13 years old, while the maturity age is set at a minimum of 18 years and a maximum of 25 years. The policy offers short premium payment terms of 5, 6, or 7 years. The minimum sum assured is ₹200,000, and there is no maximum limit. Premium waiver benefit rider and loan facility are also available under certain conditions. This plan can be purchased from a LIC agent or the LIC website.

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