On depositing Rs 121 daily, your daughter will get Rs 27 lakh, from marriage to education, all expenses will be met.
LIC’s Kanyadaan Policy helps to address the worries of every father who has a daughter. In this policy, you can start with a small amount and collect a fund so that you can get her married with much fanfare.
If you are also the lucky father of a daughter, then this news is for you only. In fact, today we are going to tell you about LIC’s Kanyadan policy, which can easily cover the entire cost of your daughter’s marriage. LIC Kanyadan Policy is specially designed to meet the needs of the daughter’s future and her marriage.
The most important thing about this policy is that you do not need to invest a lot of money in it. By depositing Rs 121 a day, you can create a fund of Rs 27 lakh. With which you can fulfill the other needs along with the marriage of your daughter. Let us also tell you how you can invest money in this investment plan and how you will benefit.
What is the policy condition:
The first condition of the Kanyadaan policy is that the investment age must be at least 30 years. Also, the age of the daughter must be one year. To apply for the scheme, it is very important for you to have the necessary documents like Aadhar Card, Income Proof, Identity Card, Birth Certificate. With this scheme, you are given tax exemption on the premium paid under 80C. This tax exemption is up to a maximum of Rs 1.50 lakh.
A fund of 27 lakhs will be created by investing Rs 121 daily: In LIC’s Kanyadan policy, you will have to deposit a fund of Rs 121 daily. That is, 3600 rupees have to be deposited every month. With a daily investment of Rs 121, you will get Rs 27 lakh after 25 years. With which you can fulfill many other needs apart from your daughter’s marriage.
It is very important for the daughter to be 1 year old: In this policy, you have to pay the premium not 25 but till 22 years. One thing to note before investing is that the limit of this policy can also be reduced. This policy can also be taken for 13 years and the money can be used for marriage as well as daughter education.
What is the specialty of the policy :
- Kanyadan policy makes your daughter financially secure.
- In the scheme, the policy holder gets a lump sum amount on maturity.
- Exemption from premium payment in case of death of father or guardian.
- In case of accidental death, Rs 10 lakh is paid immediately.
- If the death has occurred under normal circumstances, the amount is five lakh rupees.
- 50000 rupees are paid every year till maturity.
- The entire maturity amount is paid at the time of maturity.
