LIC Kanyadan Policy: Hello friends, from the birth of a daughter, every parent becomes worried about her education and marriage. In such a situation, if you also want to secure your daughter’s future, then LIC’s Kanyadan Policy can be a great option. In this, you can create a fund of lakhs of rupees by saving a little bit every day.
The biggest feature of this scheme is that by depositing only ₹121 daily i.e. ₹3600 per month, a fund of about ₹27 lakh can be created. This scheme not only saves money but also provides security.
What is LIC’s Kanyadan Policy?
This is a special insurance scheme specially designed for daughters. Under this policy, the father invests in the name of his daughter and deposits the premium for a fixed period. The policy period can be from 13 to 25 years, and a huge fund is created by investing for the entire period.
The special thing about this policy is that if the person paying the premium dies due to any reason, the remaining premium is waived off and the policy continues. The daughter gets the full benefit at the stipulated time.
How to create a fund of ₹27 lakh?
If you save ₹121 daily i.e. ₹3600 every month and deposit it continuously for 22 years, then on maturity of the policy you can get around ₹27 lakh. This amount can be very useful for daughter’s higher education, marriage or any big work.
In this, you can increase or decrease the investment amount according to your capacity. As you increase the investment, the fund also grows accordingly.
Who can avail this scheme?
Only those parents can avail this scheme whose daughter is at least 1 year old. The age of the person taking the scheme should be between 18 and 50 years. To avail the policy, Aadhar card, income proof, residence certificate, daughter’s birth certificate and passport size photo are required.
This scheme is especially beneficial for middle class families who want to build a better future with limited savings.
Tax and other benefits
Under the Kanyadan policy, you can also get a tax exemption of up to ₹ 1.5 lakh every year, as this scheme comes under section 80C of the Income Tax Act. Also, the amount received on maturity is completely tax free.
This plan offers a balance of protection, savings and tax benefits, which makes it different from other policies.
Conclusion
If you also want to secure your daughter’s future without worrying about her, then LIC’s Kanyadan policy can be a wise move. By saving just ₹ 121 daily, you can gift her ₹ 27 lakh after 25 years. This plan not only arranges money but also fulfils a father’s dream.
