Question
What is the unique feature of LIC's 'Amritbaal' plan for
children?Solution
•   The Life Insurance Corporation of India (LIC) announced the launch of a non-participating product – ‘Amritbaal’. •   The product, designed for children, will be available from February 17, 2024. It is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. •   The plan is designed to meet the higher education and other needs of the child. •   It facilitates the accumulation of a corpus through Guaranteed additions at the rate of Rs 80 per thousand basic sum assured at the end of each policy year from the inception till the end of the Policy term, provided the policy is in force. •   The Minimum Sum Assured is Rs. 2,00,000, with no limit for the Maximum Basic Sum Assured. Learn Along: About LIC •   The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost. • Chairperson : Siddhartha Mohanty    Headquarters: Mumbai
What year marked the launch of the Beti Bachao Beti Padhao (BBBP) initiative?
Where in India the famous Saffron Festival is being celebrated?
Who won the Miss India Worldwide 2024 title?
What was India’s estimated total horticulture production for the financial year 2023-24, according to the 3rd Advance Estimates?
Which women's doubles pair won the '2015 China Open' tennis tournament?
What initiative has Assam’s government launched to provide financial support to girl students and prevent child marriages?
Consider the following statements regarding North East Special Infrastructure Development Scheme (NESIDS)
 Who is the author of the biography titled "Vajpayee: The Ascent of the Hindu Right 1924-77," which captures the early years of late Prime Minister Ata...
Which among the following matches of islands and their location is incorrect?
Which Indian athlete won the title of Lausanne Diamond League held in Europe?