LIC Launches "Amritbaal" Insurance Plan for Children.

Banking & Finance | Dated: 17 Feb 2026

Life Insurance Corporation of India (LIC) has launched a new non-linked, non-participating, individual, savings, life insurance plan called "Amritbaal". The plan is designed specifically for children to meet their higher education and other needs, offering guaranteed additions.

🎯 Key Highlights:

  • The entry age for the policy is 0 to 13 years.
  • It provides a guaranteed addition of Rs 80 per thousand basic sum assured.
  • The policy matures usually at the age of 18 to 25 years.

💡 Other Important Facts:

  • Plan: Amritbaal.
  • Target: Children.
  • Company: LIC.

📚 Test Your Knowledge:

What is the name of the new children's insurance plan launched by LIC with guaranteed additions?

Correct Answer: Amritbaal

🚀 Quick Recap:

About LIC

  • Chairperson – Siddhartha Mohanty
  • Established – 1956