After the birth of children, we start worrying about their education. In such a situation, many parents start saving some money from the time of their birth to secure the future of their children. It is worth noting that most of the parents keep this savings money in the bank only, from where they do not get good returns. The speed at which inflation is increasing today. In such a situation, you do not get that much return on your savings. In this series, today we are going to tell you about a very wonderful scheme of LIC, where after investing you will get excellent returns. LIC is running a wonderful scheme named Amritbal to secure the future of children. Let us know about it in detail in this episode -
This scheme of LIC is a non-linked, non-participating, individual savings, life insurance plan. In this scheme of LIC, parents can start investing in the name of their children to secure their future.
If you are planning to invest in this scheme of LIC. In such a situation, you must know about some things. In this scheme of LIC, the minimum age for investment of the child has been fixed at 30 days. The maximum age has been fixed at 13 years.
Whereas the minimum age of maturity has been fixed at 18 years and the maximum age at 25 years. You can pay the premium amount in LIC's Amrit Bal policy on a monthly, quarterly, half-yearly, and yearly basis.
In this scheme of LIC, you get to choose the sum assured on death according to two options single premium and limited premium. You should choose it keeping in mind the needs of the children.
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