LIC Kanyadan Policy: The schemes of the country’s largest life insurance company LIC are famous for safe investment and huge returns. LIC has started Kanyadan policy for daughters. In this, premium has to be paid for 22 years. By saving Rs 121 daily in this policy, you can create a huge fund of up to Rs 27 lakh
LIC Kanyadan Policy: Many people invest in Sukanya Samriddhi Yojana for the future of their daughters. It is giving more than 8 percent return. Meanwhile, a great scheme of Life Insurance Corporation of India (LIC) is running. Its name is LIC Kanyadan Policy. You can create a big fund by saving little by little. This policy is specially designed for daughters. In this, you will easily get cover from education to marriage.
LIC Kanyadan Policy is also called ‘Jeevan Lakshya’. This policy has been designed for the provident fund (education and marriage) of daughters. It has been made popular by calling it Kanyadan Policy. This policy provides a large amount to the depositor through small savings. Not only this, even if the father dies during the policy period, there will be no burden on the family. LIC will pay all the future installments itself. Yes, through this, financial assistance of Rs 10 lakh (on accidental death) will be provided to the family immediately.
You will get a lump sum of Rs 27 lakh
The maturity period of this scheme is from 13 to 25 years. The special thing about this scheme is that you can start your investment by saving only Rs 121 per day. That is, you can start investing with Rs 3600 every month. In this scheme, you can invest for your daughter up to 1 year. After completion of the maturity period of 25 years, you will get a lump sum of Rs 27 lakh. This is a scheme in which you can create a fund of lakhs for your daughter by saving the money equivalent to daily tea and snacks. If you want to increase or decrease the investment amount, you can increase or decrease it according to your wish. In such a situation, your fund will also change on the same basis.
Who can take this policy?
LIC Kanyadan Policy comes under Section 80C of Income Tax Act 1961, so those who pay premium can get tax exemption of up to Rs 1.5 lakh. To take this policy, the daughter should be at least 1 year old. To take LIC’s Kanyadan policy, you will have to provide your Aadhaar Card or any other identity proof, income certificate, residential proof, passport size photo, daughter’s birth certificate.
