In short (tl;dr)
Amritbaal is LIC's non-participating child plan. Premiums are paid over five to seven years while the guaranteed addition of ₹80 per ₹1000 accrues all the way to maturity.
About LIC Amritbaal
Amritbaal (Plan 774) is written on a child's life, with entry from 90 days to 13 years and maturity between ages 18 and 25. The parent pays premiums for just five, six or seven years — or a single premium — but the Guaranteed Addition of ₹80 per ₹1000 of Basic Sum Assured keeps accruing every year until the policy matures.
That gap is the point. A policy taken on a five-year-old maturing at 21 runs for 16 years, of which only six are funded. The other ten years of guaranteed addition are earned on money already in the policy, which is what makes the maturity multiple look large relative to the premium outlay.
The highest guaranteed addition rate in LIC's current range at ₹80 per ₹1000 makes Amritbaal the plan to check first when the goal is a dated education corpus.
Key features
- Guaranteed Addition of ₹80 per ₹1000 sum assured every policy year — LIC's highest current GA rate
- Premium paying term of 5, 6 or 7 years, or a single premium
- Entry age 90 days to 13 years; maturity between 18 and 25
- Minimum sum assured ₹2 lakh
- Non-participating, so the education corpus is contractual
Amritbaal at a glance
- Plan number
- 774
- Category
- Endowment
- Entry age
- 0 to 13 years
- Policy term
- 10 to 25 years
- Premium paying term
- 5, 6, 7 years
- Sum assured
- ₹2 Lakh and above
- Maximum maturity age
- 25 years
- UIN
- 512N365V02
We checked the plan number and UIN above against LIC's own page for this plan on 2026-09-02. Check it on licindia.in
Benefits under Amritbaal
Death benefit
Sum Assured on Death — the higher of 7 times the annualised premium and 125% of the Basic Sum Assured — plus accrued Guaranteed Additions, subject to a minimum of 105% of premiums paid.
Maturity benefit
Basic Sum Assured plus the Guaranteed Additions accrued over the whole policy term, payable on the chosen maturity date between ages 18 and 25.
Who it suits
Funding a specific, dated expense for a child — first-year college fees, a postgraduate course — with money that cannot be raided in the meantime.
What to watch out for
Premiums are compressed into five to seven years, so the annual outlay is high. Make sure the payment window matches a period when your income is secure.
How this calculator works
Amritbaal is priced here on its own parameters, not a generic formula. We build the plan's full cash-flow schedule — the death benefit in each policy year, every survival payout, and the maturity value — and discount it on a basis calibrated to a reference premium for this plan. That reference is checked two ways: against LIC's published tabular rate, and against the return the plan's own benefits imply for the policyholder.
- Reference premium
- ₹203.00 per ₹1,000 at age 5, 18-year term, 6-year premium term
- Discount basis
- 5.35% a year, on LIC (2012-14) Ultimate mortality
- Guaranteed additions
- ₹80 per ₹1,000 from year 1 onwards
- GST
- Nil. Individual life insurance premiums have been exempt from GST since 22 September 2025, so the instalments shown are what you actually pay.
Bonus rates are declared annually and are not guaranteed; only the sum assured and any contractual guaranteed additions are. Read our editorial and methodology policyfor the full basis, and confirm every figure with LIC before you buy.
Check the source:Amritbaal on licindia.inLIC valuation and bonus declarationsIRDAI regulations
What this premium does not include
The figure above is the premium for the base policy. LIC allows one optional rider on Amritbaal, each a separate contract with its own sum assured, term and premium. Take one and you pay more than the figure above — the base premium itself does not change.
- LIC's Premium Waiver Benefit Rider (PWB Rider)UIN 512B204V04
Premiums for all the life insurance riders put together cannot exceed 30% of the premium under the base plan. That cap is the useful number to hold an agent to: whatever riders are proposed, the total should stay inside it.
Why we do not price them. A rider premium follows from the rider's own sum assured and term, so it cannot be worked out from a tick-box — and LIC does not publish rider rates in the plan brochure, which tells you to read the rider brochure or ask a branch. We would rather name the riders and their UINs, which you can check, than show a number we cannot source.
Source: Amritbaal sales brochure (PDF), Optional Rider Benefits clause.
LIC Amritbaal — frequently asked questions
What is the guaranteed addition rate in LIC Amritbaal?
₹80 per ₹1000 of Basic Sum Assured for every completed policy year, all the way to maturity — not just during the premium paying term.
What is the maturity amount of Amritbaal?
The Basic Sum Assured plus ₹80 per ₹1000 for each policy year. A ₹5 lakh policy running 16 years accrues ₹6.4 lakh of additions, maturing at ₹11.4 lakh — all contractual.
At what age does Amritbaal mature?
You choose a maturity age between 18 and 25, subject to a minimum policy term of 10 years. Most buyers align it with the start of an undergraduate or postgraduate course.
Who can buy Amritbaal?
A parent or grandparent proposes on the life of a child aged 90 days to 13 years. Where the child is under 8, the risk commences either two years from the start or at age 8, whichever is earlier.
Related calculators
Plans people usually weigh up against Amritbaal before deciding.
Jeevan Tarun
No. 734A child plan with four payout patterns, funding ages 20 to 25.
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No. 736Limited premium endowment — finish paying years before the policy matures.
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No. 860Non-participating endowment with a guaranteed addition of ₹50 per ₹1000 every year.
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No. 717Pay once, stay covered, collect the sum assured plus bonuses at the end.
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