
LIC’s ‘Kanyadan Policy’ is a special insurance plan that creates a fund of up to ₹ 27 lakh for the daughter’s future by saving ₹ 121 every day. This plan provides both protection and savings, and also ensures benefits by waiving the premium in situations like the death of the father.
Now there is no need to invest heavily to fulfill the dreams of daughter’s education and marriage. Through the ‘Kanyadan Policy’ of Life Insurance Corporation of India (LIC), you can create a fund of up to ₹ 27 lakh by saving just ₹ 121 daily. This scheme is specially designed to secure the future of daughters.
What is LIC’s ‘Kanyadan Policy’?
This is a popular endowment policy of LIC which is a great combination of savings and insurance. It is specially designed for those parents who want to create a financially strong fund for their daughter’s higher education, career or marriage.
From ₹121 to ₹27 lakh: Know the complete calculation
If you save just ₹121 daily, then with a small saving of about ₹3,600 a month, you can create a big fund for your daughter. Under LIC’s ‘Kanyadan Policy’, the total period of the policy is 25 years, but the premium has to be paid only for the first 22 years. No installment has to be paid in the last 3 years. At the end of this scheme, a maturity amount of about ₹27 lakh is received. With this amount, your daughter can easily fulfill her big dreams like higher education, starting a career or marriage.
Under this scheme, you can create a big fund for your daughter, so that she can fulfill her dreams of education, career or marriage.
Protection even on father’s death
The most special thing about this policy is that if the father dies during the policy period, there is no financial burden on the family. In such a situation, LIC pays all the future premium installments itself. Also, in case of death due to accident, financial assistance of up to ₹ 10 lakh is given to the family. Despite this, the daughter gets the full maturity amount of the policy on time.
Who can take this policy?
To take this policy, the age of the father should be between 18 to 50 years and the minimum age of the daughter should be 1 year. This scheme is especially useful for those parents who want to secure their daughter’s future even with low income.