LIC Kanyadaan Policy: If you are also the lucky father of the daughter, then Life Insurance Corporation of India has introduced a great scheme for you. The name of this scheme of LIC is- LIC Kanyadaan Policy. This scheme is specially designed to meet the needs of the daughter’s future and her marriage.
LIC’s Kanyadan Policy
The major condition for Kanyadaan policy is that the age of the investor should be at least 30 years. Also, her daughter’s age should be at least 1 year. Important documents like Aadhar Card, Income Certificate, Identity Card, Birth Certificate are required for applying for this scheme. In this, you get tax exemption on the premium paid under Section 80C of the Income Tax Act 1961. This tax exemption is up to a maximum of Rs 1.50 lakh.
Invest Rs 121 daily
In LIC Kanyadan Policy, you have to invest only Rs 121 per day. That is, you have to deposit a premium of about Rs 3600 every month. By investing Rs 121 daily, you will get Rs 27 lakh from this policy after 25 years. And of course, an amount of Rs 27 lakh can relieve your daughter’s marriage worries to a great extent.
Daughter’s age must be at least 1 year
Although this policy is for 25 years, but premium has to be paid only for 22 years. No premium will have to be paid for the remaining 3 years. The tenure of this policy can also be reduced according to the age of the daughter.
Apart from marriage, help in the education of daughter
LIC Kanyadan policy can also be taken for 13 years instead of 25 years. Apart from marriage, this money can also be used for the education of the daughter.
Policy Features
This scheme makes your daughter financially secure. In this scheme, the policyholder gets a lump sum amount on maturity. In this, in the event of the death of the father or guardian, the premium is exempted. In case of accidental death, Rs 10 lakh is paid immediately. Whereas in case of normal death Rs 5 lakh is paid. 50000 is paid every year till maturity. The entire maturity amount is paid at the time of maturity.
