If you are worried about the marriage of your daughter, then LIC’s Kanyadan policy can prove to be very helpful for you. If you save Rs 130 per day, then this scheme will give you Rs 27 lakh at the time of daughter’s marriage. Let’s know all the details related to the scheme
LIC Kanyadan Policy
The person who wants to buy this policy in the name of his daughter should be at least 18 years of age. Also, the age of the daughter should be one year or more. Here if you deposit Rs 3900 every month i.e. 130 rupees daily, then after 25 years your daughter will get Rs 27 lakh.
LIC Kanya Daan policy is for 25 years but no premium has to be paid for the last three years. Also, if the father or guardian dies due to accident, then one time Rs 10 lakh is available and premium payment is also exempted. At the same time, a lump sum of 5 lakhs is paid on normal death and 50 thousand every year. Full amount is paid after maturity.
who can take the policy
Father’s age should be between 18 years to 50 years.
The age of the daughter should be at least 1 year.
Aadhar CardImportant documents like income certificate, identity card, birth certificate will be needed while opening this scheme.
tax exemption as well
The person investing in this scheme gets a rebate of up to Rs 1.50 under Income Tax Rule 80C.