774 Amritbaal Plan

 

Plan :Amritbaal (774)

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 two years 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).

EXAMPLE 

To,

Mr/Mrs/Ms : SURESH

Plan : Amritbaal (774)

Age :6

Term :15

PPT : 5

Sum Assured :200000

Death S.A. :325710

Option Selected : 7 times of Annualized Premium.

1st year Premium With TAX 4.5% :

Yearly : 48624 (46530 + 2094)

Halfly : 24750 (23684 + 1066)

Quarterly : 12487 (11949 + 538)

Monthly(ECS) : 4186 (4006 + 180)

YLY Mode Average Prem/Day : 133

After 1st year Premium With TAX 2.25% :

Yearly : 47577 (46530 + 1047)

Halfly : 24217 (23684 + 533)

Quarterly : 12218 (11949 + 269)

Monthly(ECS) : 4096 (4006 + 90)

YLY Mode Average Prem/Day : 130

GA : 240000

Basic Sum Assured. : 200000

Approximate Return at Maturity Time 21th Year (BSA +GA(80)) :

440000

More Details… or Call 

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PAYMENT

• Pay New/Renewal Premium by Credit Card (No extra charges)

https://ebiz.licindia.in/D2CPM/#DirectPay

• Pay New/Renewal Premium by Paytm

https://paytm.com/insurance-premium-payment/lic-of-india

• Pay New/Renewal Premium by Google Pay

Download/Open Google Pay

• Pay New/Renewal Premium by PhonePe

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"Disclaimer: Premium Shown Above is Indicative and not Exact, Actual Premium May vary according to underwriting Rules Applicable. Maturity Calculation display in app is Approximate (Current rate of bonus). If you select combine with pension, pension is calculated as per current pension plan rate, it may vary at maturity time. Here Pension starts only when you purchase pension plan at maturity time on displayed age. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale."