Amritbaal Plan 874

Amritbaal Plan 874 - Premium and Maturity Calculator











Amritbaal Plan 874

Amritbaal Plan 874

LIC Amritbaal children Plan 874

Description


LIC of India new children plan going to launch on 1st. October 2024 which name is LIC Amritbaal Plan 774 (Table no 774) is a Gauranteed Additions plan. LIC Amritbaal Plan 774 is a limited premium and single premium payment policy, So that you can choose the option of LIC premium payment as per your wish.

LIC’s Amritbaal plan 774 is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan. The plan is specifically designed to have an adequate corpus to meet the higher education and other financial needs of your child and provides risk cover on the life of child during the policy term.

It facilitates accumulation of corpus through Guaranteed Addition Rs. 80 per 1000 Basic Sum Assured throughout the Policy Term.

Please Note: You can buy now online LIC Amritbaal Plan 774 through credit card/debit card, net banking, upi and wallets on LIC's New Business Platform.

LIC Amritbaal Plan 774 - Key Features


  • Guaranteed Addition 80 per 1000 Basic Sum Assured throughout the Policy Term
  • A plan to fulfill requirement child Higher education and Marriage
  • Limited premium and single premium payment option available
  • Option to choose Life Insurance coverage for your child as per the needs
  • Premium waiver rider available in this policy for child safety
  • Paid premiums are exempted from income tax under sec 80C
  • Maturity amount is tax free under sec 10(10D)
  • Flexibility to
    • Choose from Single Premium and Limited Premium Payment.
    • Choose the maturity age from 18 to 25 years for the various needs of your child
    • Opt for payment of benefit in instalments.
  • Loan benefits 1% less interest charge if loan taken on her (girl child) policy

Eligibility/Parameters of LIC Amritbaal Plan 774


Minimum Age at
entry
0 years (30 days completed)
Maximum Age at
entry
13 years (last birthday)
Minimum Age at
maturity
18 years (last birthday)
Maximum Age at
maturity
25 years (last birthday)
Minimum Policy
Term
Limited Premium Payment: 10 years
Single Premium Payment: 5 years
Maximum Policy
Term
Limited Premium Payment: 25 years
Single Premium Payment: 25 years
Premium Payment
Term
Limited Premium Payment: 5, 6 & 7 years
Single Premium Payment: Single Pay
Premium Payment
Mode
Yearly, Half Yearly, Quarterly, Monthly and Single
Sum Assured Rs. 2,00,000 to No Limit

Read This - LIC Jeevan Tarun Plan 934 > Best for Child Education Plan

Benefits


Death Benefit

Death before commencement of Risk. Death Benefit
If the policy holder expire before the date of commencement of Risk. An amount equal to the total amount of premium paid – (Taxes + Extra premium + Rider premium) shall be payable
If the policy holder expire After the date of commencement of Risk.

Sum Assured + Accrued Gauranteed Bonus

Sum Assured on death is Higher of:

(For Limited Premium Payment)


For Option (1)

  1. 7 times of annualised premium
  2. Basic sum assured

For Option (2)

  1. 10 times of annualised premium
  2. Basic sum assured

(For Single Premium Payment)


For Option (3)

  1. 1.25 times of single premium
  2. Basic sum assured

For Option (4)

10 times of single premium

Maturity Benefit

On Life Assured surviving the stipulated Date of Maturity, provided the policy is in-force, “Sum Assured on Maturity” along with accrued Guaranteed Additions for in-force policy, shall be payable; where “Sum Assured on Maturity” is equal the Basic Sum Assured.

Maturity Amount = Basic Sum Assured + Accrued Gauranteed Bonus.

Date of commencement of risk
under the plan:

In case of children whose age is less than 8 years risk commencement  starts  either from 2 years of taking the policy or 8 years old which is earlier.

Date of vesting under the plan:

The policy shall automatically vest in the Life Assured completion of 18 years of age.

Also Read This - LIC new Jeevan Anand plan 915 lifetime plan

Guaranteed Addition in LIC’s Amritbaal Policy 774


Under an in-force policy, the Guaranteed Additions shall accrue at the rate of 80 per thousand Basic Sum Assured at the end of each policy year from the inception till the end of Policy Term.

On death of Life Assured during the Policy Term under an in-force policy, the Guaranteed Additions in the year of death shall be payable for full policy year.

In case of surrender of an in-force policy, the Guaranteed Additions for the policy year in which the policy is surrendered will be added on proportionate basis in proportion to the completed months for the Policy Year in which policy is surrendered.

​​​​​​LIC Amritbaal Plan 774 - Additional Information


Risk Coverage: Till end of Term of the Policy.

Date of Commencement of Risk: In case of children whose age is less than 8 years risk commencement  starts  either from 2 years of taking the policy or 8 years old which is earlier.

Locking period : LIC Amritbaal Plan 774 provides free locking period of 1 year.

Loan Facility: Loan after 1 year for limited premium and after 3 month after for single premium

Income Tax Deduction: Available under Section 80C for premiums paid and Section 10 (10D) for Maturity.

Riders available: PWB rider is available by paying an additional premium subject to the eligibility conditions

Back Dating: Backdating is allowed within the same financial year, however, not before the plan’s launch date.

Revival: LIC Policy holders can revive the policy within 5 years of the first unpaid premium by paying all the due premiums.

Maturity amounts settlement options available: Maturity amounts can also be received through settlement options in instalments over 5, 10, or 15 years.

Proposal Forms: Proposal Form no. 300 and 360 will be used under this plan.

Cooling-off Period: If a policyholder is not satisfied with the ‘Terms and Conditions” of the policy, he/she may return the policy within 30 days from the date of receipt of the policy.



Comments & Reviews

Subhas C Sarkar Wrote:

2025-05-07 17:14:53

1) What are the advantages of Scheme 774 over Scheme 774 ?

2) Send me a copy of this offer to my e-mail address.

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aneesh Wrote:

2025-03-06 16:08:02

for child education

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Achinta Wrote:

2024-08-19 14:32:05

I want to purchase one policy for children. Could you please help me

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ATHIKAMSTTI GANESH Wrote:

2024-08-04 09:43:50

GOOD MORNING SIR,

VERY GOOD INVESTMENT PLAN FOR CHILDERNS EDUCATION AND MARRIGAE PURPOSE.

NOW A DAYS LIC HAVE DECALARED 80/- GUARANTEED BONUS FOR 1000 SUM ASSURED.
O YEARS AGE CHILDERN THIS POSILY IS ADVANTAGE AFTER MATURITY

THANKING YOU SIR

A.GANESH
LIC AGENT

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Pratap Singh Rai Wrote:

2024-08-02 11:03:15

Please text me on WhatsApp number 9111922239

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Om Prakash Wrote:

2024-04-13 13:52:20

Premium Waiver Benefit Rider is working for this Plan? I heard that this option is not working in LIC Software. is it True?

Dorapalli Anusha Wrote:

2024-04-30 08:29:31

Premium wavier benefit is available for this plan because it is for children

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Nivetha Wrote:

2024-04-11 03:40:31

My son is 2 years old. If I invest 5 lakh single premium. What will be the return at his age of 18 years and 20 years?

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Naseema Wrote:

2024-04-03 06:28:18

My child is 13 yrs want to take sum assured of 2 lakhs wht will be premium & want money back 10 % .. & what will be gauranted returns on maturity.

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Chaitali Deshmukh Wrote:

2024-03-27 08:39:10

PLZ share about BALVIDYA POLICY details

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ASHISH Wrote:

2024-03-26 14:24:16

dear sirs / madam
can you please tell me my baby age 3 month complete i want 874 plan yearly payout
sum 200000/-

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శివకుమార్ పసుపులేటి Wrote:

2024-03-23 12:07:57

Sir,,
నా మనవరాలి పేరుమీద policy తీసుకోవాలి అనుకుంటున్నా,, పాప వయసు 10 సం" లు.
15 సం" టర్మ్ అంటే పాపకు 25 సం" వయసుకు మెచ్యూరిటీ వచ్చేలా 5లక్షల policy తీసుకోవాలి.
నెల నెలా ఎంత ప్రీమియం కట్టాలో తెలియచేయండి.
నాకు వచ్చే పెన్షన్ డబ్బుతో కట్టాలి.
పాప భవిష్యత్తు కోసం ప్లీజ్ reply ఇవ్వండి.

Pranavi Wrote:

2024-04-01 17:31:48

13to25years

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ஹரி கிருஷ்ணன் Wrote:

2024-03-19 14:46:47

எனது மகனுக்கு ஐந்து வயது ஆகிறது 10 வருட பிளான் ஒரு வருடத்திற்கு எவ்வளவு தொகை செலுத்த வேண்டும் 10 வருடம் செலுத்திய உடன் தொகையை பெற்றுக் கொள்ளலாமா இல்லை என் மகனுக்கு 25 வயது ஆக வேண்டுமா

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Ramesh K Wrote:

2024-03-18 19:18:02

Hi, I would like to buy a child plan for my kid who is around 4 years but need some policy which matures in 10 years or has lesser paying term. If you can share details around that, it will help decide. Thanks

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INDRAJEET YADAV Wrote:

2024-03-18 13:53:47

सर मेरा बेटा 23/02/2015 उम्र 8 वर्ष का है एव बेटी 31/01/2011 का उम्र13 वाँ बर्ष रनिग चल रहा है कृपया यह बताये की दोनो का बाल अमृत प्लान अगर मै 200000 रुपया का लेता हूँ तो मासिक त्रिमासिक एव छे माह एवं साल का प्रिमिमियम कितना आयेगा एवं 10 वर्ष बाद उसका रिटन बेनीफिट कितना मिलेगा बताने की कृपा करे
धन्यवाद

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Suraj Wrote:

2024-03-15 11:53:21

Hi Sir/Madam,

May daughter have just turned 2 and I am planning to invest Rs 12 lakh one time single premium payment in LIC Amritbaal Children Plan - 874. I want my daughter to receive the final amount when she is 18. Can you please advise what the guaranteed net returns would be in 16 years time (i.e. when my daughter turn 18 years old)?

NARESH KUMAR Wrote:

2024-04-02 13:44:59

भाई SIP मे डाल दे और 20 साल भूल जाना..U LL GET APPROX. 1Cr.
ये बकवास है.

Admin Wrote:

2024-03-21 00:26:52

To,
Mr/Mrs/Ms : Suraj

Plan : Amritbaal (874)

Age :2
Term :16
PPT : 1
Sum Assured :1350000
Death S.A. :1454456
Option Selected : 1.25 times of Single Premium.

Sum Assured :1350000

Single Premium With TAX 4.5% :
1215925 (1163565 + 52360)

Total Approximate Paid Premium : 1215925

GA : 1728000
Basic Sum Assured. : 1350000
Approximate Return at Maturity Time 18th Year (BSA +GA(80)) :
3078000

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Doddi Nageswararao Wrote:

2024-03-15 09:21:20

Subject: Inquiry Regarding Policy Eligibility for Non-Resident Indians (NRIs)

Could you please confirm whether NRIs are eligible to apply "AMRITBAAL PLAN 874" insurance policies from LIC?

If yes, please advise UAE agent details for communication.

Regards,
Doddi

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समाीतंर ेींतउं Wrote:

2024-03-15 02:12:25

सर मेरी बेटी की उम्र 10 साल है, मैं 10 साल पैसा जमा कराकर 21 साल की उम्र पर मैच्‍योरिटी लेना चाहता हू , बीमा राशि 5 लाख रूपये है प्‍लीज विवरण भेजे

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P RAMAKRISHNA Wrote:

2024-03-13 04:42:34

My daughter age 6 years I buy 2lakhspolicy please send premium details

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Santosh G Patil Wrote:

2024-03-07 03:34:09

I want to buy LIC Amritbaal plan for my son 5 yr old,
I want to invest 5 &10 lakhs premium in 5 years how much maturity amount can receive after 25 years this policy?
what is the premium pay for 5L & 10L sum assured?

Admin Wrote:

2024-03-11 01:27:29

To,
Mr/Mrs/Ms : Santosh

Plan : Amritbaal (874)

Age :5
Term :20
PPT : 5
Sum Assured :1000000
Death S.A. :1375150
Option Selected : 7 times of Annualized Premium.

1st year Premium With TAX 4.5% :
Yearly : 205290 (196450 + 8840)
Halfly : 104493 (99993 + 4500)
Quarterly : 52718 (50448 + 2270)
Monthly(ECS) : 17675 (16914 + 761)
YLY Mode Average Prem/Day : 562

After 1st year Premium With TAX 2.25% :
Yearly : 200870 (196450 + 4420)
Halfly : 102243 (99993 + 2250)
Quarterly : 51583 (50448 + 1135)
Monthly(ECS) : 17295 (16914 + 381)
YLY Mode Average Prem/Day : 550

Total Approximate Paid Premium : 1008770

GA : 1600000
Basic Sum Assured. : 1000000
Approximate Return at Maturity Time 25th Year (BSA +GA(80)) :
2600000

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vaibhavi patel Wrote:

2024-03-05 05:30:50

i have 8 year old girl plz send 300000 sum assur 5 year premium what will be insurance and return come back on maturity ,plz send the details on the mentioned mail id ,regards

Admin Wrote:

2024-03-11 01:33:01

To,
Mr/Mrs/Ms : vaibhavi patel

Plan : Amritbaal (874)

Age :8
Term :17
PPT : 5
Sum Assured :300000
Death S.A. :466620
Option Selected : 7 times of Annualized Premium.

1st year Premium With TAX 4.5% :
Yearly : 69660 (66660 + 3000)
Halfly : 35457 (33930 + 1527)
Quarterly : 17888 (17118 + 770)
Monthly(ECS) : 5997 (5739 + 258)
YLY Mode Average Prem/Day : 190

After 1st year Premium With TAX 2.25% :
Yearly : 68160 (66660 + 1500)
Halfly : 34693 (33930 + 763)
Quarterly : 17503 (17118 + 385)
Monthly(ECS) : 5868 (5739 + 129)
YLY Mode Average Prem/Day : 186

Total Approximate Paid Premium : 342300

GA : 408000
Basic Sum Assured. : 300000
Approximate Return at Maturity Time 25th Year (BSA +GA(80)) :
708000

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K Sahay Wrote:

2024-03-04 07:26:26

Also send 2 months old boy 874 planfor 5 lacs sum assured PPT 5,6,7 yrs. comparative chart,maturity 18 yrs Send both Limited period and single premium for all above paying term and final payout at maturity Any riders

Admin Wrote:

2024-03-11 01:23:04

To,
Mr/Mrs/Ms : K sahay

Plan : Amritbaal (874)

Age :0
Term :18
PPT : 5
Sum Assured :500000
Death S.A. :740600
Option Selected : 7 times of Annualized Premium.

1st year Premium With TAX 4.5% :
Yearly : 110561 (105800 + 4761)
Halfly : 56275 (53852 + 2423)
Quarterly : 28392 (27169 + 1223)
Monthly(ECS) : 9519 (9109 + 410)
YLY Mode Average Prem/Day : 302

After 1st year Premium With TAX 2.25% :
Yearly : 108181 (105800 + 2381)
Halfly : 55064 (53852 + 1212)
Quarterly : 27780 (27169 + 611)
Monthly(ECS) : 9314 (9109 + 205)
YLY Mode Average Prem/Day : 296

Total Approximate Paid Premium : 543285

GA : 720000
Basic Sum Assured. : 500000
Approximate Return at Maturity Time 18th Year (BSA +GA(80)) :
1220000

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K Sahay Wrote:

2024-03-03 07:14:06

Also send 2 months old boy 874 planfor 5 lacs sum assured PPT 5,6,7 yrs. comparative chart,maturity 18 yrs Send both Limited period and single premium for all above paying term and final payout at maturity Any riders

K Sahay Wrote:

2024-03-10 05:03:39

I am still waiting for the plan details I had asked Looking forward to your response

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Niraj Kumar Karn Wrote:

2024-03-02 09:05:51

On line केसे ले सकते है

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K Sahay Wrote:

2024-03-02 08:45:59

Please send 5 Lac sum assured 874 plan for 2 months baby

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sunder mukesh Wrote:

2024-03-02 03:25:55

agar main 15 year tk 150000 pr year de tu mujhe kya return milga

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Rupesh Kumar Gupta Wrote:

2024-03-01 20:04:30

Kindly send Premium Chart of "LIC Amrit Baal Plan 874 - Premium Chart" For "SUM ASSURED 10 LAKHS, 15 LAKHS & 20 LAKHS". Thank You!

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Rupesh Kumar Gupta Wrote:

2024-03-01 20:04:22

Kindly send Premium Chart of "LIC Amrit Baal Plan 874 - Premium Chart" For "SUM ASSURED 10 LAKHS, 15 LAKHS & 20 LAKHS". Thank You!

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K Sahay Wrote:

2024-02-29 07:59:34

Please send 5 Lac sum assured 874 plan for 2 months baby

Admin Wrote:

2024-02-29 08:59:24

Age :2 month Term :18 PPT : 1 Sum Assured :1000000 Death S.A. :1022000 Option Selected : 1.25 times of Single Premium. Sum Assured :1000000 Single Premium With TAX 4.5% : 854392 (817600 + 36792) Total Approximate Paid Premium : 854392 GA : 1440000 Basic Sum Assured. : 1000000 Approximate Return at Maturity Time 18th Year (BSA +GA(80)) : 2440000

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R. P. Solanki Wrote:

2024-02-29 04:27:47

I wish to buy this policy, Kindly send the details how to process this policy.

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R. P. Solanki Wrote:

2024-02-28 08:16:21

if I will invest 1/2 lack one time what will be insurance and return come back on Maturity time, Please send the details on the mentioned mail ID, Regards.

Admin Wrote:

2024-02-28 12:08:08

To,
Mr/Mrs/Ms : S.P. Solanki

Plan : Amritbaal (874)

Age :8
Term :17
PPT : 1
Sum Assured :225000
Death S.A. :243843
Option Selected : 1.25 times of Single Premium.

Sum Assured :225000

Single Premium With TAX 4.5% :
203853 (195075 + 8778)

Total Approximate Paid Premium : 203853

GA : 306000
Basic Sum Assured. : 225000
Approximate Return at Maturity Time 25th Year (BSA +GA(80)) :
531000

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K Sahay Wrote:

2024-02-28 06:21:59

I want to buy plan 874 for my grandson two months old, please send me premium calculation for 18 to 20 year term both limited and single premium for 5,6,7 year paying term and sum assured 5 lacs to 10 lacs along with premium waiver rider.

Admin Wrote:

2024-02-28 12:14:43

To,
Mr/Mrs/Ms : K. SAHAY

Plan : Amritbaal (874)

Age :0
Term :18
PPT : 7
Sum Assured :1000000
Death S.A. :1082200
Option Selected : 7 times of Annualized Premium.

1st year Premium With TAX 4.5% :
Yearly : 161557 (154600 + 6957)
Halfly : 82232 (78691 + 3541)
Quarterly : 41488 (39701 + 1787)
Monthly(ECS) : 13910 (13311 + 599)
YLY Mode Average Prem/Day : 442

After 1st year Premium With TAX 2.25% :
Yearly : 158079 (154600 + 3479)
Halfly : 80462 (78691 + 1771)
Quarterly : 40594 (39701 + 893)
Monthly(ECS) : 13610 (13311 + 299)
YLY Mode Average Prem/Day : 433

Total Approximate Paid Premium : 1110031

GA : 1440000
Basic Sum Assured. : 1000000
Approximate Return at Maturity Time 18th Year (BSA +GA(80)) :
2440000

--------------------------------------------------------
Age :0
Term :18
PPT : 1
Sum Assured :1000000
Death S.A. :1022000
Option Selected : 1.25 times of Single Premium.

Sum Assured :1000000

Single Premium With TAX 4.5% :
854392 (817600 + 36792)

Total Approximate Paid Premium : 854392

GA : 1440000
Basic Sum Assured. : 1000000
Approximate Return at Maturity Time 18th Year (BSA +GA(80)) :
2440000

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Punit Pal Singh Wrote:

2024-02-27 04:22:29

i am looking to buy this plan. Kindly arrange the call

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Lokeshkhullar Wrote:

2024-02-24 12:52:37

My daughter is 6 year old. I want to buy Amritbaal policy!!

Arpit Wrote:

2024-03-05 08:08:09

Contact us i will suggest you better policy

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Anand Wrote:

2024-02-23 14:49:33

Nice

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Herbert Pereira Wrote:

2024-02-23 11:56:46

My daughter is 12 years old. I want invest Rs. 5 lakh singal premium for 6 years. Please advise premium amount and maturity value after 6 years. Any tax liability on my.

DINESH KUMAR Wrote:

2024-02-26 04:56:13

You call us, we will solve all your problems and give you good advice.

Ajay Wrote:

2024-02-24 00:47:53

Whatsapp me I am lic advisor.

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anand Wrote:

2024-02-23 08:20:43

how to buy amitpal policy online?

THUMATI MADHAVARAO Wrote:

2024-03-03 08:07:40

About on line purchase

DINESH KUMAR Wrote:

2024-02-26 04:57:55

You call us, we will solve all your problems and give you good advice.

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vijay vora Wrote:

2024-02-22 15:30:58

Age of completing 4 year , what single premium of rs 5,00,000 policy . In option III & Optio IV , at the end of age 18 year what will be benefit in Rs

Admin Wrote:

2024-02-28 04:49:36

To,
Mr/Mrs/Ms : Vinod Vora

Plan : Amritbaal (874)

Age :4
Term :14
PPT : 1
Sum Assured :500000
Death S.A. :4711000
Option Selected : 10 times of Single Premium.

Sum Assured :500000

Single Premium With TAX 4.5% :
492300 (471100 + 21200)

Total Approximate Paid Premium : 492300

GA : 560000
Basic Sum Assured. : 500000
Approximate Return at Maturity Time 18th Year (BSA +GA(80)) :
1060000

Admin Wrote:

2024-02-28 04:48:57

To,
Mr/Mrs/Ms : Vinod Vora

Plan : Amritbaal (874)

Age :4
Term :14
PPT : 1
Sum Assured :500000
Death S.A. :570750
Option Selected : 1.25 times of Single Premium.

Sum Assured :500000

Single Premium With TAX 4.5% :
477147 (456600 + 20547)

Total Approximate Paid Premium : 477147

GA : 560000
Basic Sum Assured. : 500000
Approximate Return at Maturity Time 18th Year (BSA +GA(80)) :
1060000

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Dr Archanaa Dongre Wrote:

2024-02-22 04:52:25

Dear Piyush Shah,
Please send inquiry on whatsapp message at this number 8828300427.
I am Dr Archanaa Dongre, LIC Advisor.
I will share you the details.
Giving one Example: If you want to get 30L for your grandson at the end of 25 Years.
(Actual is 40L and after Tax deduction it will be 30 Lakhs)
Yearly you will pay- 1.75 Lakhs for 5 years
After 25 year= You will receive 30 Lakhs after deduction of tax

Thanks and regards,

Dr Archanaa Dongre



Thanks and Regards,
Dr Archanaa Dongre

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Varun sharma Wrote:

2024-02-21 10:27:48

Message me on this whatsap no

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R. P. Solanki Wrote:

2024-02-21 09:54:25

Dear Sir/Madam,
My son 8 years, I will be invest 50000 thousand yearly up to 7/5 years how much total amount received after 17 years to this policy.
OR
if I will invest 1/2 lack one time what will be insurance and return come back on Maturity time,
Please send the details on the mentioned mail ID,
Regards.

Admin Wrote:

2024-02-28 04:57:45

To,
Mr/Mrs/Ms : R P. Solanki

Plan : Amritbaal (874)

Age :8
Term :17
PPT : 7
Sum Assured :300000
Death S.A. :347970
Option Selected : 7 times of Annualized Premium.

1st year Premium With TAX 4.5% :
Yearly : 51947 (49710 + 2237)
Halfly : 26441 (25302 + 1139)
Quarterly : 13340 (12766 + 574)
Monthly(ECS) : 4473 (4280 + 193)
YLY Mode Average Prem/Day : 142

After 1st year Premium With TAX 2.25% :
Yearly : 50828 (49710 + 1118)
Halfly : 25871 (25302 + 569)
Quarterly : 13053 (12766 + 287)
Monthly(ECS) : 4376 (4280 + 96)
YLY Mode Average Prem/Day : 139

Total Approximate Paid Premium : 356915

GA : 408000
Basic Sum Assured. : 300000
Approximate Return at Maturity Time 25th Year (BSA +GA(80)) :
708000

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