Who it suits
Parents and grandparents saving for a child’s education or marriage.
LIC plans / Child Plans
Child Plans
New Plan no. 774 UIN 512N365V02
LIC’s Amritbaal
Non-par · Non-linked · Child savings
Guaranteed additions every year to build a fund for a child’s future, with maturity at age 18–25.
Child entry ages as per brochureEntry age
Until the child reaches 18–25Policy term
Single or limitedPremium paying term
See the official brochure for the exact benefit formula.Sum assured
Plan highlights
What this plan gives you
The main features in plain words. The official brochure is the final word on every figure.
- Guaranteed additions
- Maturity age 18–25
- Single or limited premium
How it works
Choose single or limited premium payment and a maturity age between 18 and 25. Guaranteed additions accrue throughout the term.
Maturity benefit
Sum assured plus guaranteed additions, as per the brochure.
Survival / income benefit
None during the term.
Step by step
How the plan runs
1
Start the planEntry age: Child entry ages as per brochure. Sum assured: See the official brochure for the exact benefit formula..2
Pay premiumsSingle or limited3
Stay coveredPolicy term: Until the child reaches 18–254
Income during the termNone during the term.5
Receive the benefitSum assured plus guaranteed additions, as per the brochure.At a glance
Eligibility and plan limits
A quick reference before you discuss a proposal. Underwriting and channel conditions apply.
| Plan detail | As per summary |
|---|---|
| Plan number | 774 |
| UIN | 512N365V02 |
| Category | Child Plans |
| Plan type | Non-par · Non-linked · Child savings |
| Entry age | Child entry ages as per brochure |
| Policy term | Until the child reaches 18–25 |
| Premium paying term | Single or limited |
| Sum assured | See the official brochure for the exact benefit formula. |
- Guaranteed additions throughout the term
Important details
Policy conditions that apply to most LIC plans
Know the conditions, not just the headline.
Grace period
30 days for yearly, half-yearly and quarterly premiums; 15 days for monthly. Cover continues during this time.
Free look
30 days from receiving the policy document to return it if you do not agree with the terms.
Revival
A lapsed policy can usually be revived within 5 years of the first unpaid premium, with arrears, interest and proof of good health.
Surrender, paid-up and loan
A loan is available within surrender value after the first policy year (one full year’s premium paid); guaranteed surrender value needs two full years’ premiums.
Suicide within 12 months
If it happens within 12 months of the start of cover, the nominee receives 80% of premiums paid (policy in force).
Section 45
After three years a policy cannot be questioned except for proven fraud.
Quick answers
Questions families ask
Who is this plan for?
Parents and grandparents saving for a child’s education or marriage.
What is the entry age?
Child entry ages as per brochure
What are the policy term and premium paying term?
Policy term: Until the child reaches 18–25. Premium paying term: Single or limited.
What sum assured can I choose?
See the official brochure for the exact benefit formula.
What do I receive at maturity?
Sum assured plus guaranteed additions, as per the brochure.
Does the plan pay anything during the term?
None during the term.
Will the amounts always be paid exactly as shown here?
This page is a summary. Actual benefits depend on the policy terms, premium payment status, the options chosen, underwriting and LIC’s official benefit illustration. The official brochure is the final word.
Want this explained in plain words?
Read LIC’s official brochure, compare the options, and I will help you choose what fits your family.
This page is a summary. Benefits, eligibility and premiums can change: the official LIC brochure for the plan is the final word, and I will confirm current terms for you.