LIC Amritbaal Plan 774
Benefits, Premium, Eligibility, Guaranteed Addition & Maturity – Complete Guide 2026
What is LIC Amritbaal Plan 774?
LIC Amritbaal Plan 774 is a child-focused savings insurance plan from Life Insurance Corporation of India. The plan is designed to help parents create a financial corpus for a child's future needs such as higher education and other important expenses.
LIC Amritbaal is a Non-Participating, Non-Linked, Individual, Savings Life Insurance Plan. Since it is a non-participating plan, the benefits are fixed according to the policy terms and the plan does not participate in LIC's surplus through bonuses.
The current plan number is 774 and the UIN is 512N365V02. One of the main attractions of this plan is the guaranteed addition that accumulates throughout the policy term.
LIC Amritbaal Plan 774 – Key Features
- Child-focused savings insurance plan
- Plan Number: 774
- UIN: 512N365V02
- Minimum entry age: 30 days completed
- Maximum entry age: 13 years last birthday
- Maturity age: 18 to 25 years
- Minimum Basic Sum Assured: ₹2,00,000
- Guaranteed Addition: ₹80 per ₹1,000 Basic Sum Assured per year
- Single Premium and Limited Premium options
- Limited Premium Paying Terms: 5, 6 or 7 years
- Loan facility is available subject to policy conditions
- Premium Waiver Benefit Rider option is available under applicable conditions
- Option to receive benefits in instalments
LIC Amritbaal Eligibility
| Particular | Details |
|---|---|
| Minimum Entry Age | 30 days completed |
| Maximum Entry Age | 13 years last birthday |
| Minimum Maturity Age | 18 years |
| Maximum Maturity Age | 25 years |
| Minimum Basic Sum Assured | ₹2,00,000 |
| Maximum Basic Sum Assured | No fixed limit, subject to underwriting |
This means parents can consider the plan when the child is very young, with the maturity age selected according to the expected financial need.
LIC Amritbaal Premium Payment Options
One of the useful features of LIC Amritbaal is the flexibility in premium payment. The policyholder can choose between Single Premium and Limited Premium Payment, subject to the applicable policy conditions.
| Premium Option | Payment Term |
|---|---|
| Limited Premium | 5, 6 or 7 years |
| Single Premium | Single Pay |
For Limited Premium policies, premiums can be paid through applicable yearly, half-yearly, quarterly or monthly modes. The actual premium depends on the child's age, Basic Sum Assured, policy term, premium option and other applicable factors.
LIC Amritbaal Guaranteed Addition
Guaranteed Addition is one of the most important features of this plan. For an in-force policy, Guaranteed Addition accrues at ₹80 per ₹1,000 of Basic Sum Assured at the end of every policy year throughout the policy term.
For example, suppose the Basic Sum Assured is ₹5 lakh. The annual Guaranteed Addition would be:
If the policy continues for 20 years and remains in-force, the total Guaranteed Additions under this simple illustration would be ₹40,000 × 20 = ₹8,00,000.
This is only an illustration of the Guaranteed Addition calculation. Actual policy benefits should always be calculated according to the policy document and selected terms.
LIC Amritbaal Maturity Benefit
If the Life Assured survives until the selected date of maturity and the policy is in-force, the maturity benefit consists of the Sum Assured on Maturity plus accrued Guaranteed Additions.
Under this plan, the Sum Assured on Maturity is equal to the Basic Sum Assured.
The maturity age can be selected between 18 and 25 years, making the plan potentially useful for planning a future corpus around college education, higher studies or other major financial requirements.
LIC Amritbaal Death Benefit
Death benefit depends on the Sum Assured on Death option selected at the time of taking the policy.
Under the Limited Premium options, the Sum Assured on Death is based on the applicable multiple of Annualized Premium or Basic Sum Assured. Under Single Premium options, different applicable death-benefit options are available.
For an in-force policy, the death benefit is generally the applicable Sum Assured on Death plus accrued Guaranteed Additions, subject to the policy terms and conditions.
For a child below 8 years, special rules apply regarding commencement of risk. Therefore, parents should carefully check the risk commencement provisions before purchasing the policy.
LIC Amritbaal Premium – Example
LIC's brochure provides an illustrative premium for a standard life aged 5 years, Basic Sum Assured of ₹5 lakh and a 20-year policy term.
| Payment Option | Illustrative Premium |
|---|---|
| Limited Premium – 5 years | ₹99,625 per year |
| Limited Premium – 6 years | ₹84,275 per year |
| Limited Premium – 7 years | ₹73,625 per year |
| Single Premium – Option III | ₹3,89,225 |
These are brochure illustrations for the specified age, sum assured and term and are exclusive of taxes. Your actual premium can be different. Always obtain the current LIC quotation before making a purchase decision.
Loan and Premium Waiver Benefit
LIC Amritbaal also provides a loan facility subject to the applicable policy conditions. This can provide liquidity if a policyholder needs funds during the policy term.
The plan also provides an option for LIC's Premium Waiver Benefit Rider under eligible Limited Premium policies by paying an additional premium. If the proposer dies and the rider conditions are satisfied, subsequent base-plan premiums can be waived for the applicable rider period.
Why Parents May Consider LIC Amritbaal?
Parents generally start thinking about children's financial needs several years in advance. LIC Amritbaal combines life insurance protection with a guaranteed savings structure and allows the maturity age to be selected according to the child's future requirements.
- Suitable for child-focused financial planning
- Guaranteed additions are defined in the policy
- Flexible maturity age between 18 and 25 years
- Limited or single premium payment options
- Loan facility subject to conditions
- Settlement option for receiving benefits in instalments
LIC Amritbaal Plan 774 – Hindi Explanation
LIC Amritbaal Plan 774 बच्चों के भविष्य के लिए बनाया गया एक savings insurance plan है। इसमें माता-पिता अपने बच्चे के लिए एक financial corpus बनाने की planning कर सकते हैं।
इस योजना की खास बात है Guaranteed Addition ₹80 प्रति ₹1,000 Basic Sum Assured प्रति policy year। Maturity age 18 से 25 वर्ष के बीच चुनी जा सकती है। Premium payment के लिए Limited Premium और Single Premium दोनों options उपलब्ध हैं।
Maturity पर Basic Sum Assured के साथ accrued Guaranteed Additions मिलते हैं, अगर policy in-force है और Life Assured maturity तक survive करता है। Exact benefit policy terms और selected options पर depend करता है।
Frequently Asked Questions – LIC Amritbaal 774
1. LIC Amritbaal Plan number kya hai?
LIC Amritbaal ka current Plan Number 774 hai aur UIN 512N365V02 hai.
2. LIC Amritbaal mein Guaranteed Addition kitna hai?
Guaranteed Addition ₹80 per ₹1,000 Basic Sum Assured per policy year hai.
3. LIC Amritbaal mein maximum entry age kya hai?
Maximum entry age 13 years last birthday hai.
4. LIC Amritbaal ki maturity age kya hai?
Maturity age 18 se 25 years ke beech choose ki ja sakti hai, applicable conditions ke according.
5. LIC Amritbaal mein premium kitne saal dena hota hai?
Limited Premium option mein 5, 6 ya 7 years ka premium payment term hai. Single Premium option bhi available hai.
6. Kya LIC Amritbaal mein bonus milta hai?
Nahi. Yeh Non-Participating plan hai, isliye discretionary bonus ya surplus participation nahi hoti. Guaranteed Additions policy terms ke according milte hain.
LIC Amritbaal Plan 774 – Know the Details
Premium, maturity benefit, death benefit aur suitable option samajhne ke liye current LIC quotation aur policy conditions check karein.
LIC Insurance Gyan
0 Comments