New Delhi: If you also have a daughter queen, then there is good news for you. LIC has come up with a new scheme – LIC Kanyadan Policy. After taking this policy, you can be free from the worry of daughter’s marriage. This policy (LIC Kanyadan Policy Benefits) has been introduced only for the marriage of special daughters. So let’s know everything about this policy.
These are the required documents
To fill the form for this policy (LIC Kanyadan Policy Eligibility), you will need Aadhar Card, Income Proof, Identity Card, Address Proof and Passport Size Photo. Apart from this, a signed application form and a check or cash for the first premium along with birth certificate will also have to be given.
Who can take the policy?
This policy (LIC Kanyadan Policy Maturity) can also be taken for 13 years instead of 25 years. Apart from marriage, this money can also be used for the education of the daughter. Overall, you can be free from worrying about your daughter’s education and her marriage with this policy.
Policy time frame
If you want to take a policy for your daughter, then your age must be at least 30 years, the age of the daughter must be at least 1 year. Although this policy is for 25 years, but the premium has to be paid only for 22 years. No premium will have to be paid for the remaining 3 years. But it is also worth noting that according to the age of the daughter, the tenure of this policy can also be reduced.
Death benefit will also be available
If the policyholder dies on taking the policy (LIC Kanyadan Policy Death Benefits), then his family will not have to pay the premium. If the death is accidental then the family will get Rs 10 lakh in lump sum. If the death has happened under normal circumstances, then Rs 5 lakh will be given. Along with this, the family will also get Rs 50,000 every year till maturity. That is, the death benefit is also included in this plan. After 25 years, an amount of Rs 27 lakh will be given to the nominee.
Here’s its premium
In this policy, you have to pay a premium of Rs 121 per day i.e. around Rs 3600 per month. If you want, you can also take a policy at a lower premium than this. But the amount received from this will also be reduced. You will get Rs 27 lakh after 25 years by investing Rs 121 daily.