LIC Policy The country’s largest insurance company LIC has launched many policies (Investment Policy) for the future of daughters. Actually, many parents take a lot of tension about the expenses of their daughter’s education and marriage. In such a situation, LIC has launched LIC Kanyadan Policy for the bright future of daughters. Let us know about this plan in detail.
LIC Kanyadan Policy: LIC offers many types of insurance policy plans. Many of these plans have been started for daughters.
To eliminate the tension of daughters’ education and marriage, today we will tell you about LIC Kanyadan Policy.
What is LIC Kanyadan Policy
LIC Kanyadan Policy has been started for the secure future of the daughter. You can start this policy to meet the expenses of your daughter’s education or marriage. In this policy, you have to deposit Rs 121 daily i.e. you have to invest Rs 3,600 every month.
The maturity tenure of LIC Kanyadan policy is 25 years. After maturity, the investor gets a benefit of Rs 27 lakh.
In this, you can choose a maturity period of 13 to 25 years. If you invest Rs 75 daily i.e. Rs 2,250 per month, then on maturity the investor will get Rs 14 lakh.
In this policy, the investor can increase or decrease the investment amount. Please note that the fund changes only on the basis of the investment amount.
Here is the feature of LIC Kanyadan Policy
In this plan, the age of the daughter should be at least 1 year. In LIC Kanyadan Policy, the investor also gets the benefit of tax benefit. In this, you can claim for tax deduction under Section 80C of Income Tax Act 1961. Tax benefit of up to Rs 1.5 lakh is available in the policy.
If the policy holder dies, then in such a case, a provision amount of up to Rs 10 lakh is given to the family member. At the same time, after the maturity period is completed, the nominee gets Rs 27 lakh.
This document is necessary
- Aadhaar Card
- Income Certificate
- Address Proof
- Passport size photo
- Daughter’s Birth Certificate
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