LIC Kanyadan Policy: Which parents are not worried about their children and their future. At the same time, for the parents of the daughter, this worry increases a little more. He starts worrying about the expenses of his daughter’s wedding all the time. To overcome this concern, LIC has come up with Kanyadan Policy. Under this, you can shape the future of your daughter. LIC Kanyadan Policy has been specially designed keeping in mind the future of daughters. It has been made to fulfill the needs of daughters’ future, their marriage and education.
how much money will have to be deposited
To take LIC’s Kanyadan Policy, you have to deposit Rs 130 every day. If you take a policy when the daughter is one year old and deposit Rs 130 every day, then you will be able to deposit about Rs 3900 in a month. At the same time, you must have deposited Rs 46,800 in the policy in a year. Accordingly, LIC will pay you 27 lakhs at the time of maturity i.e. after 25 years.
What are the policy terms
You must be at least 30 years of age to invest in this policy. Also, your daughter’s age should also be at least one year. To take the policy, you must have the necessary documents like Aadhar Card, Birth Certificate, Income Certificate, Identity Card. With this scheme, you are given tax exemption on the premium paid under 80C. This exemption is up to a maximum of Rs 1.50 lakh.
What are the benefits of the policy
If the person taking the policy dies due to any reason, then LIC will give an extra Rs 5 lakh to his family members. The minimum maturity period of the policy is 13 years. At the same time, if you open a policy for 25 years, then you will have to deposit money only for 22 years.
