LIC Amritbaal (Plan No. 774) is a specially designed non-linked, non-participating child savings life insurance plan introduced by the Life Insurance Corporation of India to help parents build a guaranteed financial foundation for their child’s future. The plan focuses on secure savings, guaranteed additions, and assured maturity benefits, making it an ideal choice for long-term child goal planning.
In today’s world, the cost of education, skill development, and career building is rising rapidly. LIC Amritbaal enables parents to start saving early for their child’s future needs such as higher education, professional courses, marriage, or starting a business — all through a safe and predictable savings structure.
✔ Guaranteed Child Savings: Ensures a fixed, predictable corpus for the child’s future goals.
✔ Zero Market Risk: Benefits are not affected by stock market volatility.
✔ Financial Security for the Child: Life cover ensures protection throughout the policy duration.
✔ Premium Protection: Child’s future remains secure even if the parent is no longer around.
✔ Disciplined Long-Term Savings: Encourages parents to save consistently from an early stage.
LIC Amritbaal is structured to provide long-term guaranteed growth through fixed premium payments and guaranteed additions. Parents select a Sum Assured and policy term based on the child’s age and future goals. Guaranteed additions are added every year, steadily increasing the final maturity amount.
Since the plan is non-linked and non-participating, there is no dependency on market performance or bonus declarations. This makes Amritbaal an excellent choice for parents who prefer certainty and safety over high-risk investments.
Let us understand LIC Amritbaal – 774 with a realistic example.
Total Premium Paid:
₹72,000 × 10 years = ₹7,20,000 (approx)
Guaranteed Additions:
Fixed guaranteed additions are added every policy year.
Over the full policy term, these additions significantly
enhance the final maturity value.
Maturity Benefit (Child Age 25):
Sum Assured + Guaranteed Additions
Total Maturity Amount: ₹16,00,000 – ₹18,00,000 (approx)
This maturity amount can be used for higher education, studying abroad, marriage, or starting a business.
Parent Death Scenario:
If the parent passes away during the policy term,
future premiums may be waived and the policy continues.
The child still receives the full maturity benefit.
Premium and benefit figures are indicative and may vary based on age, Sum Assured, and LIC guidelines.
✔ Parents with children below 13 years
✔ Families planning for higher education and career goals
✔ Parents seeking guaranteed, risk-free child savings
✔ Those who prefer fixed returns over market-linked plans
LIC Amritbaal – 774 is a powerful child savings plan that focuses on certainty, safety, and guaranteed growth. With fixed benefits, guaranteed additions, and premium protection, this plan ensures that a child’s future goals are never compromised.
For parents who want to start early, save smartly, and build a secure financial foundation for their child, LIC Amritbaal stands out as a dependable and future-ready solution.