If a person takes a policy of 5 lakh equal assured and its duration is 25 years, then they will have to pay the premium for 22 years and for this, they have to pay 1951 rupees every month. 13.37 lakhs will be available on maturity
The biggest concern of every father is the marriage of his daughter. If a daughter gets married in a good home after reading and writing, every father has the same desire. Now-a-days, big expenses are required for marriage in a good house. An ordinary man cannot even think of that big expense. The ordinary man adds one pie each and keeps the money for the day when he will give his daughter.
To help these ordinary people, LIC, the highest institution in the insurance sector in the country, has taken a special initiative. LIC has started a very important scheme for the marriage of daughters. This scheme has been named as Kanyadan Policy. After the completion of 25 years of the policy, you will get 27 lakh rupees. This amount can be sufficient for the daughter’s marriage and any parent can happily marry their daughter.
Work policy for daughters
The Kanyadan policy will be for 25 years and the age of this policy for his daughter should be 30 years. According to the policy, the daughter’s age should be at least 1 year. The time limit of this policy will be reduced according to the age of the daughter. If a person wants to pay more or less, then he can join this policy plan. If a father plans for the daughter’s marriage, this policy can prove to be very effective for them.
How much should I deposit
For example, if a 30-year-old father takes this policy for his daughter, then he will get Rs 11 lakh by depositing 2468 rupees every month by the time his daughter turns 21. If you increase the deposit amount further, you can get up to Rs 27 lakh because there is no limit on the maximum sum assured. The special feature of the policy is that if any untoward happens during the plan and the father dies, then all the premiums of the policy are forgiven, that is, the installment is paid by LIC and when the child is 21 years old, she gets Rs 11 lakh. Is paid
You get so much money if it does not happen
When the father dies, LIC immediately gives Rs 5 lakh to the victim’s family. If death is due to accident, then Rs 5 lakh gets extra. Not only this, the year the father dies, from the year the daughter turns 21, she gets 50 rupees every year for the expenses and upbringing of education.
What is the maturity period
This policy can be taken by people whose age ranges from 18 years to 50 years. The maturity period of the policy is 65 years and the minimum term for this policy is 13 years. The maximum policy will have to run for 25 years. In this, the premium payment term is 3 years, that is, if the policy is 25 years, then RCO will have to pay the premium for 22 years only. This policy can take at least 1 lakh rupees and there is no limit of more.
Understand in easy language
Suppose a 30-year-old man takes a policy of Rs 5.20 lakh equivalent for his daughter. For this, they choose a period of 21 years as the policy period. They will have to pay the premium for 18 years and they will have to pay a premium of Rs 2468 every month. When the age of the daughter becomes 21 years, then that person will get Rs 11 lakh. On maturity, a bonus of 5.35 lakh rupees is obtained with a total assured of 5.20 lakhs. Final additional bonus of Rs. 52 thousand. In such a situation, after getting 21 years, you get 11 lakh rupees.
How to get 27 lakhs
If a person takes a policy of 5 lakh equal assured and its duration is 25 years, then they will have to pay the premium for 22 years and for this, they have to pay 1951 rupees every month. 13.37 lakhs will be available on maturity. Similarly, if a policy of 10 lakhs is taken for 25 years, then Rs. 26.75 lakh can be obtained by paying Rs. 3901 every month.
