Product Summary :
LIC’s AmritBaal is a Non- Linked, Non-Participating, Individual, Savings, Life Insurance Plan. The plan is specially designed to have an adequate corpus to meet the higher education and other needs of your child.
Premium Payment Mode:
Limited Premium, Single Premium
Term :
10 to 25 For Limited Premium
5 to 25 for Single Premium
Minimum Maturity Age is: 18year
Maximum Maturity Age is: 25year
PPT :
Single Premium, 5 year, 6year, 7Year
Minimum Entry Age :
0 Year(30 Days) Last Birthday
Maximum Entry Age :
13 Year Last Birthday
Minimum Sum Assured :
2,00,000
Maximum Sum Assured :
NO LIMIT (Depending upon Income)
Policy Benefits :
On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.
On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death.
Where Sum Assured on Death is Option you choose at the time of policy buying.
This death benefit shall not be less than 105% of the total premiums paid as on date of death.
On Survival :
Basic Sum Assured + Guaranteed Additions.
Surrendered Value :
The policy can be surrendered at any time during the policy term provided premiums have been paid for full 1 year for Limited Premium. And The policy can be surrendered at any time during the policy term in single Premium.
Loan :
Loan facility is available under this plan after the payment of premiums for at least two full years in limited Premium and three month after in single premium.
Income Tax Benefit :
* Premium paid under this plan is eligible for TAX rebate under section 80c.
* Maturity under this plan is free under sec 10(10D).
Proposal Form : 300/360 shall be used under this plan.
More Details… or Call 9990286759
