Know, what is Kanyadaan Yojana and how you can take advantage of it
In our country, as soon as daughters are born, parents start worrying about their future. They start adding money from the same day so that they can make a better future for their dear daughter. From writing his good education till marriage, it becomes the responsibility of the parents. In such a situation, now many schemes have been run by the government to remove the problem of daughter’s future from better to marriage. By taking advantage of those schemes, parents can not only build a better future of daughter but also daughter’s. You can also get married with pomp. Keeping these needs of the parents in mind, LIC has come up with a unique plan. Under this scheme, you have to save only Rs 130 per day and you will get around Rs 27 lakh when your daughter is eligible for marriage. This scheme is becoming very popular.
What is LIC’s Kanyadaan Policy / Kanyadaan Policy Scheme
LIC Kanyadan Policy is a scheme that helps low-income parents to raise funds for the marriage of their daughters. Under LIC Kanyadaan policy, an investor has to deposit Rs 130 daily (Rs 47,450 per annum) and pay premiums for less than 3 years of the policy term. After 25 years, LIC pays him around Rs.27 lakhs. The minimum age of the investor to enroll in this Kanyadaan policy of LIC is 30 years and the minimum age of the daughter of the investor should be 1 year.
How will you get 27 lakh rupees, what are the rules
The minimum maturity period of this policy is 13 years. If the insured person dies due to any reason, then the person will have to pay an additional Rs 5 lakh on behalf of LIC. If a person takes insurance of Rs 5 lakh, then he will have to pay a monthly installment of Rs 1,951 for 22 years. On completion of time, Rs 13.37 lakh will be received from LIC. Similarly, if a person takes insurance of 10 lakhs, then he will have to pay an installment of Rs 3901 for the month. After 25 years, he will be paid Rs 26.75 lakh from LIC.
Tax exemption up to Rs 1.50 lakh is available
Under Section 80C of the Income Tax Act 1961, an investor can claim tax exemption on the premium paid.
can claim. Tax exemption is maximum up to Rs 1.50 lakh.
Special features of Kanyadan Yojana
LIC’s Kanyadan Yojana is a unique scheme that creates a fund for your daughter’s marriage and education.
Any person can invest under this scheme for the marriage of his daughter.
This policy offers life risk cover for a period up to 3 years prior to the maturity date.
Under this policy, a lump sum amount is provided to the insured at the time of maturity.
Under this policy, if a person dies after taking part, then his family will not have to pay premium in this policy and his family will be given 1 lakh rupees every year by LIC company and for 25 years of the policy After completion, a separate Rs 27 lakh will be provided to the nominee of the policy.
If the beneficiary dies due to the accident, then his family will be given Rs 1000000.
If the death of the beneficiary is due to natural causes, then in this case Rs 500000 will be given.
Indian citizens living outside India can also take advantage of LIC Kanyadan policy.
How to Apply for Kanyadan Policy- (Required Documents and Application Method)
You will need some documents to apply for LIC’s Kanyadaan Policy. In this, the birth certificate of the daughter, Aadhar card, income proof of the father, proof of address, identity card, passport size photo are mainly required. After this you can contact your nearest LIC office or agent. You have to tell the agent present there that you want to invest in LIC’s Kanyadaan policy. Then he will tell you the term of LIC Kanyadaan Policy. You have to choose the term according to your income. Then the LIC agent will give you all the information. You will have to submit the required documents to the LIC agent. On this they will fill your form. This is how you can join this policy. For more information regarding LIC’s Kanyadaan policy, you can visit LIC’s official website https://www.licindia.in/Home.
