Life Insurance Corporation of India (LIC) has been offering reliable and beneficial policies to its customers for a long time. Now, LIC has launched a new scheme, especially for daughters, known as ‘LIC Kanyadan Policy’. This policy is specially designed to meet the education and marriage expenses of daughters. Let’s know in detail about the benefits and investment of this policy.
LIC Kanyadan Policy (Policy Number 833)
By investing under the LIC Kanyadan Policy, you get a large amount for your daughter’s future. This policy is specially designed for daughters and some important points in it are as follows:
1. Investment amount: In this policy, only ₹ 150 has to be invested per day. Along with this, if you want to get a maturity benefit of ₹ 27 lakh, then you have to invest ₹ 3,600 every month. You have to make this investment for 25 years.
2. Maturity Benefit: After 25 years of investment, your daughter will get a return of ₹ 27 lakh. This amount can be used for the daughter’s education, marriage or any other important expenses.
3. Death Benefit: If the policyholder dies during the policy term, the family will not have to worry about the remaining premium. Despite this, as per the terms of the policy, the daughter will be given a maturity benefit of ₹ 20 lakh.
4. Loan Facility: After three years of investment under the policy, you also get a loan facility from LIC. This loan can be helpful in meeting your financial needs.
5. Sum Assured: The minimum sum assured in this policy is fixed at ₹ 1 lakh, and there is no limit on the maximum amount.
6. Objective: The main objective of the LIC Kanyadan Policy is to provide a large fund to meet the education and marriage expenses of daughters.
Thus, LIC’s Kanyadan policy not only reduces the future financial burden but is also an important step towards the happy future of daughters. If you want to make your daughter’s future secure and prosperous, investing in this policy can be a great option.
Disclaimer: 1Tak.com website provides information about auto, tech, technology, technical, business, stock market, bank, LIC and other financial schemes for the information of all its readers. Some information is also related to investment in the stock market, banks and other financial schemes, but we do not advise you to invest. If you want to invest in any scheme, then definitely take advice from a financial advisor or expert in that field. And before investing, definitely get information about that department.
Pingback: RBI Launches New Facility: Early Redemption Facility For Sovereign Gold Bonds, Special Dates And Guidelines Issued | | 1Tak