With the help of LIC’s Kanyadaan policy, you can raise money for your daughter’s wedding. The returns received in LIC Kanyadan Policy can be used for marriage and studies.
New Delhi: LIC Kanyadan Policy: Every parent starts saving money in advance for the daughter’s marriage, because getting her married is not an easy task. Many parents make FD (Fixed Deposit) in the name of the daughter and continue it till marriage, but sometimes even that money becomes insufficient and they are forced to take a loan.
But Life Insurance Corporation (LIC) has one such plan, which can solve all your worries. Know about this special scheme of LIC.
These documents are necessary for investment,
thanks to the Kanyadaan policy of LIC, you can raise money for the daughter’s marriage. In this you have to invest every month. The returns received in LIC Kanyadan Policy can be used for marriage and studies. You can also invest in this scheme for the future of your daughter. You will need many documents to buy it.
These include Aadhar card, Income proof, Identity card, Address proof and Passport site photo. Apart from this, a signed application form and birth certificate will also have to be given. A check or cash has to be paid for the first premium.
Premium has to be paid for 22 years
There are also some conditions for investing in it. For example, your age should be at least 30 years and daughter’s age should be 1 year. This policy is for 25 years, but premium has to be paid for 22 years. If the policyholder dies in the middle of the policy, his family will not have to pay the premium.
If the death is accidental, the family members will get a lump sum of Rs 10 lakh. If the death has happened under normal circumstances, then Rs 5 lakh will be given. Apart from this, 27 lakh rupees will be given to the nominee after 25 years.
…so after 25 years you will get 27 lakh rupees
For this policy, you have to save Rs 121 daily, that is, the monthly premium is around Rs 3600. If you want, you can also take a premium of less than this. However, if the premium amount is reduced, the policy amount will also decrease. By investing Rs 121 per day, you will get Rs 27 lakh after 25 years.
