LIC's Amritbaal is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan. The plan is specifically designed to have an adequate corpus to meet the higher education and other needs of your child. It facilitates accumulation of corpus through Guaranteed Addition.
This is a non-participating product under which benefits payable on death or survival are guaranteed and fixed irrespective of actual experience. Hence the policy is not entitled to any discretionary benefits like bonus etc. or share in Surplus.
Minimum Entry Age | 0 years (30 days completed) |
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Maximum Entry Age | 13 years (last birthday) |
Minimum Age at maturity | 18 years (last birthday) |
Maximum Age at maturity | 25 years (last birthday) |
Minimum Policy Term |
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Maximum Policy Term |
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Sum Assured | Min - ₹ 2,00,000/- | Max - No Limit |