LIC Amrit Baal (Plan 774) is a specially designed, non-linked, savings-oriented plan aimed at securing a child’s future through disciplined long-term planning. The plan offers guaranteed returns, life protection and customized payout options to support major milestones like education, career or marriage. This guide explains the features, eligibility, benefits and why this policy is a popular choice for parents.
• Guaranteed additions throughout the policy term.
• Long-term savings designed exclusively for children.
• Policyholder can choose between different maturity payout options.
• Life cover for the child after the policy vests.
• Premium payment flexibility with multiple modes available.
• Ideal for planning higher education and future financial security.
• Minimum Entry Age (Child): 30 days
• Maximum Entry Age (Child): 13 years
• Policy Term: 10 to 25 years
• Sum Assured: Minimum ₹2,00,000 and no upper limit (subject to underwriting)
• Premium Payment Modes: Yearly, Half-Yearly, Quarterly, Monthly
LIC Amrit Baal offers guaranteed additions at a fixed rate of:
• ₹40 per ₹1,000 Sum Assured for every policy year
These guaranteed increments help the plan grow steadily, making it a strong savings tool even in uncertain markets.
On policy maturity, the following is paid to the child (after vesting):
• Sum Assured on Maturity
+
Total Guaranteed Additions
This amount can be used to fund education, higher studies, or other major life goals.
In case of the child's unfortunate demise before maturity, the nominee will receive:
• Sum Assured on Death
+
Accumulated Guaranteed Additions
This ensures strong financial protection for the family.
Parents can add optional riders to strengthen the policy:
• Premium Waiver Benefit Rider
• Accidental Death & Disability Benefit Rider
• New Term Assurance Rider
Riders enhance protection in unforeseen circumstances.
After the policy acquires a surrender value, a loan can be availed against it. This provides liquidity when parents need funds for urgent requirements without breaking long-term savings.
• Designed exclusively to secure a child’s future.
• Guaranteed additions ensure steady and safe growth.
• Helps parents plan major milestone expenses well in advance.
• Flexible tenures and premium options suit various budgets.
• Offers both savings and life protection in one plan.
LIC Amrit Baal Plan 774 is an excellent long-term savings and protection plan tailored for children. With guaranteed additions, flexible terms and strong maturity benefits, it helps parents build a solid financial foundation for their child’s education and future aspirations. This plan ensures stability, security and reliable growth — making it a smart choice for every family.