LIC recently launched a Non-Linked, Non-Participating, Individual Savings Life Insurance plan called Amrit Baal (Plan No.874). You can buy it for your children as it is an Endowment plan with Guaranteed Additions (GA) specially designed to meet their higher education needs.

In this plan, you can pay the premium either as Limited Premium Pay (LPP) with a premium payment term of 5, 6 or 7 years or Single Premium Pay (SPP), i.e., Lumpsum.

Under each premium payment option, you, as a proposer, shall have two options to choose the Sum Assured when taking the policy. The benefits and premium amount shall vary according to the option selected.

Children Education Plan: LIC’s Amrit Baal (Plan No.874)