LIC Kanyadan Policy: Investing in Sukanya Samriddhi Yojana is a better option for the secure future of daughters. Meanwhile, a policy of Life Insurance Corporation of India (LIC) has been specially designed for daughters. In this, you will easily get cover from education to marriage. The name of this policy is LIC Kanyadan Policy. This policy is also known as 'Jeevan Lakshya'.
The policy has been designed keeping in mind the golden and secure future of daughters, which is popular as Kanyadan Policy. In this policy, you can create a big fund through small savings. If the father of the girl dies during the time period of the policy, then even in such a situation the burden of the policy installments will not fall on the family. According to the terms and conditions of LIC, LIC will pay all the future installments itself. Not only this, if the death occurs in an accident, then the family will be given immediate financial assistance of Rs 10 lakh.
What is the scheme?
To invest in LIC's Kanyadan policy, it is mandatory for you to fulfill all these terms and conditions.
To take this policy, your daughter should be at least 1 year old.
In this, you have to invest Rs 3600 every month, that is, you can start this investment by saving only Rs 121 daily.
Its maturity period is from 13 to 25 years. After completion of the maturity period of 25 years, you will get a lump sum of Rs 27 lakh.
To take LIC's Kanyadan policy, you will have to give your Aadhaar Card or any other identity proof, income certificate, residential proof, passport size photo, daughter's birth certificate.
Why take LIC Kanyadan Policy?
The special thing about this scheme is that if you want to increase or decrease the investment amount, then you can increase or decrease it according to your wish.
LIC Kanyadan Policy comes under Section 80C of Income Tax Act 1961, which gives you tax exemption of up to Rs 1.5 lakh.
If the father dies during the maturity period, LIC will pay all the remaining installments.
If the father of the girl dies in an accident, the family will be given immediate financial assistance of Rs 10 lakh.