LIC Amritbaal (Plan 712) Calculator & Child Career Planner
Secure your child's higher education with highest Guaranteed Additions of ₹80 per ₹1,000 Sum Assured every single year with short 5 to 7-year premium payment.
Child Plan Parameters
Live Reactive📋 Key Eligibility & Parameters (Amritbaal 712)
| Parameter | Specification |
|---|---|
| Guaranteed Additions | ₹80 per ₹1,000 Sum Assured added every year throughout policy term |
| Child Entry Age | 30 days to 13 Years |
| Maturity Age Range | 18 to 25 Years (Aligned with University & Higher Education) |
| Premium Paying Terms (PPT) | Short 5, 6, or 7 Years (or Single Pay) |
| Minimum Basic Sum Assured | ₹2,00,000 (No upper maximum limit) |
LIC Amritbaal (712) FAQs
Answers to common questions regarding LIC policy premium computations, GST slabs, maturity formulas, and advisor tools.
1What is LIC Amritbaal (Plan 712 / 774)?
LIC Amritbaal is a non-linked, non-participating individual savings life insurance plan designed specifically to build an attractive corpus for higher education and career funding for children with Guaranteed Additions of ₹80 per ₹1,000 Sum Assured every year.
2What is the entry age for child under Amritbaal?
The child entry age is from 30 days up to 13 years (Age Last Birthday). Maturity age can be chosen between 18 to 25 years.
3What are the premium paying terms in Amritbaal?
Limited premium paying terms of 5, 6, or 7 years are available, as well as a Single Premium option.
4Is Premium Waiver Benefit (PWB) available for parents?
Yes, parents can opt for Premium Waiver Benefit (PWB) Rider. In the unfortunate event of the parent/proposer passing away, all future premiums are completely waived by LIC while the child receives full guaranteed maturity benefits at chosen age.
Official Notice & Disclaimer
LIC Plan Calc (licplancalc.com) is an independent informational and calculation utility created to assist insurance advisors, agents, and policyholders. It is NOT affiliated with, authorized, or endorsed by Life Insurance Corporation of India (LIC).
Premium and maturity estimates are calculated based on current declared Simple Reversionary Bonuses and standard tabular rates. Actual returns and eligibility are subject to LIC's official underwriting criteria and policy conditions.