PolicyBros.in
Child PlansPlan 774NRI Eligible

LIC Amritbaal

Build a guaranteed corpus for your child's education

What is LIC Amritbaal?

LIC Amritbaal (Plan 774, UIN 512N365V02) is a children's plan from Life Insurance Corporation of India. It is a non-participating plan with Guaranteed Additions: the additions accrue at rates fixed when you buy, so what you receive does not depend on LIC's yearly bonus declarations.

Premiums are paid for a shorter period than the policy runs, so the cover continues after you have finished paying. If the policyholder dies during the term, the nominee receives: Sum Assured + guaranteed additions. On surviving the full term, the policyholder gets: Sum Assured + guaranteed additions as lump sum.

It suits people looking for child education, guaranteed returns and corpus building. NRIs can buy this plan too.

Key Highlights

Guaranteed additions, know the corpus from day one
Short premium paying term (7-12 years)
Non-linked, non-participating, zero risk
Available from birth

Benefits Explained Simply

If Something Happens to You (Death Benefit)

Sum Assured + guaranteed additions

When the Plan Matures (Maturity Benefit)

Sum Assured + guaranteed additions as lump sum

Eligibility & Details

Minimum Entry Age0 years (last birthday)
Maximum Entry Age13 years
Minimum Sum Assured₹2,00,000
Policy Term18, 20, 22, 25 years
Premium Paying Term7, 10, 12 years
Bonus Typeguaranteed
Risk Levellow
NRI EligibleYes

Tax Benefits

  • Section 80C deduction on premiums
  • Maturity tax-free under 10(10D)

Premium Rates (Indicative)

Age5 years6 years7 years
0 yrs₹1,06,500₹89,900₹78,500
5 yrs₹99,625₹84,275₹73,625
10 yrs₹93,200₹78,800₹68,900
13 yrs₹89,500₹75,700₹66,200

VERIFIED from official LIC Sales Brochure. Option I (7x SA), Limited Premium, age of child at entry. ₹5 lakh BSA, offline rates. Guaranteed Additions: ₹80 per ₹1,000 BSA per year. Non-par, non-linked.

Source: LIC Official Sales Brochure | Data last verified: 21 March 2026

Example: What You Could Get

Select a plan with available rates to see an illustration.

Who is This Plan Best For?

child educationguaranteed returnscorpus building

Frequently Asked Questions

What is LIC Amritbaal (Plan 774)?

LIC Amritbaal is a child plans plan from Life Insurance Corporation of India. Build a guaranteed corpus for your child's education.

What is the eligibility age for LIC Amritbaal?

Entry age is between 0 and 13 years. Policy term: 18 to 25 years. Premium paying term: 7 to 12 years.

What is the minimum sum assured for LIC Amritbaal?

Minimum sum assured is ₹2,00,000. There is no upper limit on sum assured.

What are the tax benefits of LIC Amritbaal?

Section 80C deduction on premiums. Maturity tax-free under 10(10D).

Is LIC Amritbaal available for NRIs?

Yes. LIC Amritbaal is available to Non-Resident Indians. NRIs can buy this plan during a visit to India or through power of attorney.

What happens if I stop paying premiums on LIC Amritbaal?

If you stop paying premiums before 3 years, the policy lapses and you lose all benefits. After 3 years of premium payments, the policy acquires a paid-up value and you receive a reduced sum assured. You can also revive a lapsed policy within 5 years by paying outstanding premiums plus interest.

The information above is for educational purposes only. Actual premiums, benefits, and terms are as per LIC of India. For official and complete details, visit licindia.in.

Interested in Amritbaal?

Get a free consultation and exact premium quote for your age and needs.

View on LIC Official Site

Already have this policy?

Create a free account to track your premium due dates, get reminders, and see all your LIC policies in one dashboard.