Every parent wants to give their children the best education and a secure future. Whether it’s paying for college in India or abroad or saving for marriage expenses, these goals require proper financial planning.
With education costs rising every year, starting early can make a big difference. If you want a safe investment without stock market risk, LIC’s Amritbaal Plan (Plan No. 774) could be a good option.
Biggest Benefit: Guaranteed Bonus Every Year
The biggest attraction of the LIC Amritbaal Plan is its “Guaranteed Addition” feature.
In many traditional insurance policies, the bonus depends on the company’s profits, so the final maturity amount is not fixed. But this plan works differently.
Under LIC Amritbaal, you get a guaranteed bonus of ₹80 for every ₹1,000 of the sum assured every year. This amount is added to your policy annually as long as the policy remains active.
This gives parents a clear idea of how much money they can expect in the future.
Children as Young as 30 Days Can Join
LIC has designed this plan to offer flexibility for different family needs.
Entry age: 30 days to 13 years.
Maturity age: Between 18 and 25 years.
Premium payment options: Single premium or payment terms of 5, 6, or 7 years.
This means parents can plan according to when their child may need the money—at age 18 for higher studies or later for business or marriage.
A Big Lump Sum for Higher Education and Other Goals
When the policy matures, LIC pays a guaranteed lump sum amount to the child.
This amount includes:
The original sum assured.
Guaranteed additions earned every year.
The money can be used for college fees, studying abroad, starting a business, or marriage expenses.
Your Child’s Future Remains Secure
One of the most important features of this plan is the Premium Waiver Rider.
If something unfortunate happens to the parent during the policy term, all future premiums are waived. The policy continues without interruption, and the child still receives the full maturity amount at the chosen age.
This ensures that your child’s education and future plans do not suffer even during difficult times.
For parents looking for a safe and guaranteed way to build a financial cushion for their children’s future, LIC Amritbaal can be a reliable long-term savings option.
