LIC Kanyadan Policy: To give wings to your beloved daughter’s dreams, are you looking for a plan that not only promises security but also brightens her future, Then LIC’s Kanyadan Policy can be the perfect choice for you. By paying a low premium in this policy, you can secure a future worth lakhs of rupees for your daughter.
Give wings to your daughter’s dreams
LIC Kanyadan Policy is a special plan that lays the foundation for your daughter’s golden future. By investing in this policy, you can be free from the worry of expenses from her education to marriage. The best thing is that this is a completely safe investment.
Features of the policy
Premium payment period: In this policy, the premium can be paid on a monthly, quarterly, half-yearly, and yearly basis. If you choose a 25-year policy, then you will have to pay the premium for 22 years.
Bumper amount on maturity: The policy matures after 25 years because the plan period in this policy is from 13 to 25 years. On maturity, the entire amount i.e. sum assured + bonus + final bonus is given. To take this policy, the girl’s father should be at least 18 years of age and a maximum of 50 years old.
Loan and surrender facility: On taking this policy, you can take a loan from the third year. If you want to surrender the policy, then this facility is available after 2 years of taking the policy.
Apart from this, a grace period of 30 days is also available for paying the premium, in such a situation there is less chance of paying late fees.
Tax exemption benefit: On taking this policy, you also get the benefit of tax exemption. On depositing the premium, tax exemption is available under section 80C and on the maturity amount under section 10D.
The sum assured limit for the LIC Kanyadan policy starts from a minimum of Rs 1 lakh and there is no maximum limit.
How to get the benefit of Rs 22.5 lakh
If you take a 25-year plan under this policy and pay an annual premium of Rs 41,367, then if we talk about the month, the premium will be around Rs 3,445.
Now you have to deposit this premium for 22 years. In such a situation, during 25 years, it will get a life insurance cover of Rs 22.5 lakh.
If the father dies, then there will be no need to pay a premium further. Apart from this, he is given Rs 1 lakh annually till the completion of the period of 25 years. A total lump sum maturity amount will be given on the 25th year.
If the father dies in a road accident, then the nominee will be given all the death benefits as well as an accidental death benefit of Rs 10 lakh.
With the LIC Kanyadan policy, you can not only secure the future of your daughter but also empower her financially. Know more about this policy today and build a secure future for your daughter.