Amrit Baal Best Children Plan

The Amrit Baal Best Children Plan is a tailored financial product designed to help parents and guardians secure the future of their children by providing long-term savings and insurance benefits. This plan focuses on fulfilling key milestones in a child’s life, such as education, marriage, or entrepreneurial ventures, while ensuring financial protection in case of unforeseen circumstances.

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Key Features:

  • Dual Benefits: Savings and Protection
    The plan combines investment growth with life insurance coverage, ensuring the child’s financial security even in the absence of the policyholder.

  • Flexible Premium Payment Options
    Parents can choose from various premium payment modes—monthly, quarterly, or annually—based on their financial comfort.

  • Guaranteed Payouts
    The plan provides periodic payouts during key stages of the child’s life, aligned with their educational or personal goals.

  • Maturity Benefits
    On maturity, the accumulated corpus, including bonuses (if applicable), is handed over to the policyholder or beneficiary, ensuring a lump sum for the child’s future needs.

  • Loan Facility
    Some versions of the plan allow loans against the policy, providing liquidity during emergencies without affecting long-term goals.

  • Tax Benefits
    Premium payments and maturity proceeds are typically eligible for tax deductions under applicable laws, offering additional savings to the policyholder.

  • Rider Options
    Add-on covers, such as accidental death or waiver of premium in case of disability, can be included for enhanced protection.

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LIC Policy Features: