LIC Kanyadan Yojana 2024: Parents are often worried about the future of their daughters. But now you are being given a big gift from LIC. If you are also the parent of a daughter, then you must see our news today. There is good news for parents who wish for a bright future for their daughters. Here we will tell you how you can secure ₹ 100,000 annually for your daughter’s future.
LIC has brought the Kanyadan Policy Scheme for daughters
India’s leading insurance provider LIC reduces financial worries related to the future of daughters through LIC Kanyadan Policy 2024 Yojana, designed to assist in the education and marriage of daughters. With the LIC Kanyadan Policy, parents can cover the expenses of their daughter’s education and marriage, giving them relief.
Through this scheme, parents can contribute to their daughter’s education or marriage expenses by depositing Rs 121 every day, which will amount to Rs 3600 per month. Parents participating in this scheme can deposit Rs 27 lakh by their daughter’s 25th birthday, which will provide relief from the financial burden related to education and marriage.
Eligibility required to apply in the scheme
- Only the parents of the daughter will be eligible for this scheme.
- To apply for the scheme, the parents of the daughter should be native residents of India.
- The age of the girl applying should be at least one year.
Documents required for the scheme
- The identity certificate/voter card of one of the parents
- The Aadhaar card of the girl
- The bank account passbook of the girl
- PAN card
- Income certificate
- Residence certificate
- Cast certificate
- The birth certificate of the girl
- Passport-size photo of the girl
- The current mobile number of the girl’s parents.
How to apply for the scheme
- To apply for this scheme of LIC, first of all, you have to visit the nearest LIC branch.
- Alternatively, you can get help from a registered and licensed LIC agent who will guide you through the process.
- For help in purchasing this scheme, you can also contact LIC directly by calling on their given phone number.
How do you get benefits under the scheme?
Under this policy, you get various types of benefits. If something happens to the insured person during the policy, then their family gets financial assistance. This can be 7 times the annual premium or 110% of the basic sum assured, which is paid on maturity or as an annual income. The policy gives both insurance and savings benefits, financial assistance is available during necessary events.
If the parents of the insured person die, further premiums are waived. In case of accidental death, the policy pays Rs 10 lakh immediately; 5 lakh on natural death, and Rs 50,000 annually to the family till maturity. If the insured person completes the policy term, he is given an amount equal to the basic sum assured along with a bonus.
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FAQ
1. What is LIC’s Kanyadan Policy?
In this plan of LIC, the age of the daughter should be at least 1 year. Investors also get the benefit of tax benefits in the LIC Kanyadan Policy. Under Section 80C of the Income Tax Act 1961, you can avail exemption of up to Rs 1.5 lakh. Under this policy, it is not necessary that you use the money received on maturity for marriage.
2. What is LIC Kanyadan Policy 75 per day?
LIC Kanyadan Policy Calculator
If you are eligible to invest in the Kanyadan Policy, then you can invest Rs 75 every day. If you want, you can also invest Rs 2,250 per month. You will have to make this investment for a period of 25 years. In such a situation, you will be given Rs 14 lakh on maturity.
3. Which is the best LIC policy for a girl child?
LIC Kanyadan Plan is a plan that is beneficial for the future of the girl child. It is a savings plan that helps a father to save money for the girl child’s education and marriage at a low premium.
4. Which is the best LIC policy?
Talking about the best policies offered by LIC to policyholders, LIC Jeevan Amar Plan, LIC Tech Term Plan, Pure Term Insurance Plan, LIC New Children’s Money-Back Plan, LIC New Jeevan Anand, LIC Jeevan Umang Policy are considered to be the best policies.
