Here's a summary of the LIC children's plans you mentioned:
LIC Jeevan Tarun Plan (734): A non-linked, with-profit, limited premium payment plan that provides financial protection and savings for children. It offers a variety of survival benefits, including lump sum payouts at specified intervals, and also provides for waiver of premium in case of death or disability of the proposer.
LIC Amrit Baal Plan (774): This is a participating non-linked plan specifically designed for the benefit of children. It provides financial security by way of a lump sum payment at the end of the policy term, along with bonuses, to ensure the child's future needs are taken care of.
These plans are tailored to meet the specific financial needs and aspirations of children, including their education, marriage, and other milestones. It's important for parents to carefully consider their child's future goals and select the plan that best aligns with their requirements.
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