Amritbaal is an individual savings insurance product that is not linked to the stock markets and does not participate in the company's profits. It aims to create a significant fund to cover educational expenses and other needs of children. The plan emphasizes accumulation of funds through guaranteed additions.
Amritbaal guarantees fixed benefits. The policy is available through various agents, brokers and other sales channels, and directly on the LIC official website.
The age range varies from 18 to 25 years to meet different requirements of future offspring.
The plan offers the option of borrowing of the loan to meet liquidity needs and provides a discount for high sums insured.
In its latest financial report, LIC showed a 50% increase in profits, mainly due to a significant growth in sales of savings products.
Photo is from open sources.
