LICs Amritbaal Plan No 874 Insurance Plan for Children எல்ஐசி அம்ரித்பால் பாலிசி

LICs Amritbaal Plan No 874 Insurance Plan for Children

1. Maturity at crucial ages of adulthood to cover various education, marriage or business need.
2. Lumpsum maturity from 18 to 25 yrs.
3. ⁠Guaranteed Addition @Rs 80 for Full Policy Term.
4. ⁠GA for paid up policy also.
5. ⁠Shorter PPT - 5/6/7 yrs
8. Single or Regular in one policy
9. PWB is there.
10. High SA rebate starts from 3.5 lakhs
11. Single Premium as a gift from Parents Or Grand Parents
12. Minimum SUM ASSURED Rs 200000 only.
13. ⁠Facility (1% reduced interest on pol loan) for girl child.


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Topic covered in this video:-
Life insurance corporation of indias best non linked individual life assurance savings plan.this plan is suitable for whos are plan childrans education and marriage. jeevan labh policy given two type of bonus one is vested simple reversionary bonus and another one is final additional bonus, bonus rate depend upon every year declared from the lic of india. This policy available in three options. this three options are diffrent period. minimum age entry in this policy at 8 years and the maximum age entry changes in this three options. minimum sum assured amount same in this policy and the maximum sum assured no limit, increased in multiply of tenthousand only.This policy given four additional optional riders
1.accidental death and disability benefit rider
2. Accident benefit rider
3. New Term assurance rider
4. New Critial illness rider
premium payment in four modes available
monthly, quarterly, half yearly and yearly. Death benefit also coverd in this policy
premium amount exempted from income tax under section 80 c and the maturity amount completely tax free.
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