LIC Amritbaal Plan 774: A Comprehensive Child Education Insurance Calculator for 2026

Investing in your child's education is one of the most important decisions you will ever make, and with the LIC Amritbaal Plan 774, you can ensure a secure and prosperous future for them, it's a 'practical advice' for every parent in India

In India, 2026, the cost of education is rising rapidly, and it's essential to plan ahead to ensure that your child can pursue their dreams without any financial constraints. The LIC Amritbaal Plan 774 is a specialized child education insurance plan that provides a guaranteed return on investment, making it an attractive option for parents who want to secure their child's future. With a minimum sum assured of ₹ 75,000 and a maximum sum assured of ₹ 1 crore, this plan offers flexibility and customization to suit individual needs. The premium for this plan can be paid annually, semi-annually, quarterly, or monthly, and the policy term ranges from 15 to 25 years

The LIC Amritbaal Plan 774 offers a bonus rate of ₹ 45 per ₹ 1,000 sum assured, which is one of the highest in the industry. The plan also provides a maturity benefit, which includes the sum assured and any accrued bonuses, and a death benefit, which includes the sum assured and any accrued bonuses. The plan also offers a loan facility, which allows policyholders to borrow up to 80% of the surrender value of the policy. With the LIC Amritbaal Plan 774, you can ensure that your child's education is secured, even if you are not around to support them, and it's a great way to plan for their Maturity (मैच्युरिटी) and Premium (प्रीमियम) payments

Key Features of LIC Amritbaal Plan 774

The LIC Amritbaal Plan 774 is a non-linked, non-participating, individual life insurance plan that provides a guaranteed return on investment. The plan offers a minimum sum assured of ₹ 75,000 and a maximum sum assured of ₹ 1 crore, and the premium can be paid annually, semi-annually, quarterly, or monthly. The policy term ranges from 15 to 25 years, and the plan provides a maturity benefit, which includes the sum assured and any accrued bonuses. The plan also offers a death benefit, which includes the sum assured and any accrued bonuses, and a loan facility, which allows policyholders to borrow up to 80% of the surrender value of the policy. The plan also provides a tax benefit, which allows policyholders to claim a deduction under Section 80C of the Income Tax Act, and the bonus rate is ₹ 45 per ₹ 1,000 sum assured

• Minimum sum assured: ₹ 75,000
• Maximum sum assured: ₹ 1 crore
• Policy term: 15 to 25 years

Benefits of LIC Amritbaal Plan 774

The LIC Amritbaal Plan 774 offers several benefits, including a guaranteed return on investment, a maturity benefit, and a death benefit. The plan also provides a loan facility, which allows policyholders to borrow up to 80% of the surrender value of the policy. The plan also offers a tax benefit, which allows policyholders to claim a deduction under Section 80C of the Income Tax Act. The bonus rate of ₹ 45 per ₹ 1,000 sum assured is one of the highest in the industry, making it an attractive option for parents who want to secure their child's future. With the LIC Amritbaal Plan 774, you can ensure that your child's education is secured, even if you are not around to support them, and it's a great way to plan for their Sum Assured (बीमा राशि) and Premium (प्रीमियम) payments

• Guaranteed return on investment
• Maturity benefit
• Death benefit

How to Calculate the Premium for LIC Amritbaal Plan 774

To calculate the premium for the LIC Amritbaal Plan 774, you need to consider several factors, including the sum assured, policy term, and premium payment frequency. The premium can be paid annually, semi-annually, quarterly, or monthly, and the policy term ranges from 15 to 25 years. The premium amount will depend on the sum assured, policy term, and premium payment frequency, and it's essential to use a premium calculator to determine the exact premium amount. For example, if you choose a sum assured of ₹ 1 lakh, a policy term of 20 years, and an annual premium payment frequency, the premium amount will be approximately ₹ 5,500 per annum. You can use the LIC premium calculator to determine the exact premium amount and plan your Premium (प्रीमियम) payments accordingly

• Sum assured
• Policy term
• Premium payment frequency

Comparison with Other Investment Options

The LIC Amritbaal Plan 774 offers a guaranteed return on investment, which is higher than many other investment options, such as fixed deposits (FD) and public provident funds (PPF). The plan also provides a maturity benefit and a death benefit, which makes it a more comprehensive investment option. However, the plan has a longer policy term, which may not be suitable for all investors. For example, if you invest ₹ 1 lakh in a fixed deposit for 5 years, you can expect a return of approximately 6% per annum, whereas the LIC Amritbaal Plan 774 offers a bonus rate of ₹ 45 per ₹ 1,000 sum assured, which is equivalent to a return of approximately 7.5% per annum. You can use the XIRR return calculation to compare the returns of different investment options and plan your investments accordingly

• Fixed deposits (FD)
• Public provident funds (PPF)
• Term insurance

Example of LIC Amritbaal Plan 774 Calculation

Let's consider an example of a policyholder who chooses a sum assured of ₹ 1 lakh, a policy term of 20 years, and an annual premium payment frequency. The premium amount will be approximately ₹ 5,500 per annum, and the policyholder will receive a maturity benefit of approximately ₹ 2.5 lakh, including the sum assured and any accrued bonuses. The policyholder will also receive a death benefit of approximately ₹ 1 lakh, including the sum assured and any accrued bonuses. The XIRR return calculation for this example will be approximately 7.5% per annum, which is higher than many other investment options. You can use the LIC maturity calculator to determine the exact maturity benefit and plan your Maturity (मैच्युरिटी) payments accordingly

• Sum assured: ₹ 1 lakh
• Policy term: 20 years
• Premium payment frequency: annual

Summary of LIC Amritbaal Plan 774