Best investment schemes: Its name is- LIC Kanyadaan Policy. This scheme of LIC helps the parents of low income earn money for the marriage of daughters.
New Delhi. For the better future of daughters, the government is running many schemes (Best investment schemes). In such a situation, the Life Insurance Corporation of India (LIC) has come up with a special scheme keeping in mind the daughters. Its name is LIC Kanyadaan Policy. This scheme of LIC helps the parents of low income earn money for the marriage of daughters.
Under LIC Kanyadaan policy, an investor will have to deposit Rs 130 daily (Rs 47,450 annually). Premium will be paid for less than 3 years of the policy term. After 25 years, LIC will pay him around Rs.27 lakhs.
Will get Rs 27 lakh before marriage
The minimum maturity period of this policy is 13 years. If the insured person dies due to any reason, then the person will have to pay an additional 5 lakh rupees on behalf of LIC. If a person takes insurance of Rs 5 lakh, then he will have to pay a monthly installment of Rs 1,951 for 22 years. On completion of time, Rs 13.37 lakh will be received from LIC. Similarly, if a person takes insurance of 10 lakhs, then he will have to pay an installment of Rs 3901 for the month. 26.75 lakh will be paid by LIC after 25 years.
Who can take the policy
LIC Kanyadan policy can be taken by the father of the age of 18 to 50 years. The age of the daughter should be at least 1 year. This LIC Kanyadan policy scheme can also be available according to the different age of you and your daughter. The time limit of this policy will be reduced according to the age of the daughter. If a person wants to pay more or less premium then he can join this policy plan.
Tax exemption will be available
Under Section 80C of the Income Tax Act 1961, an investor can claim tax exemption on the premium paid. Tax exemption is maximum up to Rs 1.50 lakh. Explain that for applying for this scheme, important documents like Aadhar Card, Income Certificate, Identity Card, Birth Certificate are required.
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