MUMBAI: LIC has launched a brand new plan referred to as ‘LIC’s Amritbaal‘ designed to satisfy bills associated to a child’s higher training. The plan is a person, financial savings, life insurance coverage plan particularly tailor-made to build up a corpus for assembly the higher training and different wants of the kid.
It affords assured additions on the fee of Rs 80 per thousand primary sum assured on the finish of every coverage yr from the inception until the top of the coverage time period, supplied the coverage is in power.The plan has a minimal entry age of 0 years and a most entry age of 13 years. The minimal age at maturity is eighteen years, whereas the utmost age at maturity is 25 years. Short premium fee phrases of 5, 6, or 7 years can be found. The minimal coverage time period for restricted premium fee is 10 years and for single premium fee is 5 years.
It affords assured additions on the fee of Rs 80 per thousand primary sum assured on the finish of every coverage yr from the inception until the top of the coverage time period, supplied the coverage is in power.The plan has a minimal entry age of 0 years and a most entry age of 13 years. The minimal age at maturity is eighteen years, whereas the utmost age at maturity is 25 years. Short premium fee phrases of 5, 6, or 7 years can be found. The minimal coverage time period for restricted premium fee is 10 years and for single premium fee is 5 years.
