LIC AmritBaal Calculator: Plan 774 Premium Tool for Parents 2026

1. Introduction

You want to secure your childs future, and the LIC AmritBaal Calculator makes that process simple because you just enter basic details to get premium estimates and maturity projections right away. This tool focuses on Plan 774, which operates as a non linked non participating policy with UIN 512N365V02, so payouts arrive at ages 18 and 25 to fund education and stability.

Skip the hassle of paper calculations, which often lead to errors, and rely instead on official rates for quick results. Picture your five year old with sum assured at five lakhs for 20 years; you would pay annual premiums from 30000 to 40000 rupees, and maturity value would land at seven to eight lakhs including additions.

Education costs keep climbing in 2026, so act now with the LIC AmritBaal Calculator because you commit small amounts today, and they grow into real support tomorrow while you handle everything online without any trips needed.

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2. About the Plan - Key Details

Plan Overview: Plan 774 from LIC centers on child savings through insurance, which returned on October 1 2024 under UIN 512N365V02, so Indian parents use it to gather funds for learning because built in guarantees keep things safe from market ups and downs.

Eligibility and Term: Your child qualifies from 30 days up to 13 years on last birthday, and you set maturity between 18 and 25 years, which gives policy terms of 10 to 25 years because you figure the term by subtracting entry age from maturity age. Pay premiums over 5 6 or 7 years, or choose single premium for added simplicity.

Sum Assured and Premiums: Start basic sum assured at two lakhs and increase without limit, where steps go by 25000 until 24 lakhs and then 50000 jumps, so pay yearly half yearly quarterly or monthly through NACH while the single option fits lump sum budgets and includes GST in totals. The LIC AmritBaal Calculator flags issues because it ensures child age fits zero to 13 years and terms stay 10 to 25 years.

Savings face headwinds from inflation in 2026, which is why you pick this plan for reliable progress that beats the uncertainty of other investments.

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3. Key Features & Benefits

Guaranteed Growth and Maturity: You earn additions of 80 rupees for every 1000 in basic sum assured, counting one per year while the policy runs, and they attach at the end or on death so you reach maturity from age 18 to 25 and collect full basic sum assured plus those additions. Spread collections over 5 10 or 15 years, which lets you time them for expenses like classes.

Protection and Death Benefits: If your child leaves early in the term, nominees step up because they claim the best amount available, including 7x or 10x your annualized premium on limited pay or 1.25x or 10x single premium on one time pay, and basic sum assured counts too along with 105 percent of premiums paid while additions join the total. For kids under eight, coverage kicks in after two years or age eight, whichever comes sooner.

Additional Riders and Flexibility: Link the premium waiver rider UIN 512B204V04 to your life as parent, which ends payments if you pass in limited pay mode, so access loans from year one on limited pay or three months on single pay at rates of 9 percent up to 90 percent of surrender value. Surrender after required premiums, and take the larger of guaranteed or special value.

Tax and Yield Advantages: Claim deductions on premiums under Section 80C up to 1.5 lakhs, which skips tax on maturity or death funds under Section 10(10D), so with interest rates hovering low in 2026 additions deliver 6 to 7 percent returns that work better than standard accounts. Build ten lakh basic sum assured over 20 years and add 16 lakhs from growth; the total crosses 26 lakhs to cover tuition or first steps in business.

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4. How to Use the Calculator

Step 1: Enter Childs Date of Birth

Open the date of birth section and use the calendar tool, which pulls age and checks the zero to 13 years range so spot errors get quick notices for changes.

Step 2: Input Sum Assured

Add your basic sum assured starting two lakhs and boost for plans like study abroad, which lets you watch premiums and returns shift instantly.

Step 3: Select Policy Term

Pick 10 to 25 years in the box to align maturity with 18 to 25 year goals because off targets bring reminders to match school schedules.

Step 4: Pick Premium Mode

Select from the list of yearly half yearly quarterly monthly or single, and adjusts show real time fits for your wallet.

Step 5: Calculate and Review

Press the calculate button so results appear on the side, where you view premiums by mode total outlay maturity with additions and protection levels while the reset button lets you try extended terms. Shape your childs savings plan and follow up with LIC for exact matches.