LIC Kanyadan Policy Scheme Apply | Kanyadaan Policy Registration | Kanyadan Policy Form | LIC Kanyadan Policy Eligibility and Benefits
LIC Kanyadan Policy Scheme has been started by the life assurance Company of India to take a position for the wedding and education of daughters. Under this scheme, a person can invest for his daughter’s wedding. This plan is for 25 years. Under this LIC Kanyadan policy, people need to save Rs 120 per day and pay a premium of Rs 3600 per month, but people will need to pay premium for less than 22 years only. 27 lakhs rs. are going to be given to you after completion of 25 years of this policy named LIC Kanyadan.
LIC Kanyadan Policy Scheme – 2020
You can take this insurance plan for 13 to 25 years. Under this LIC Kanyadan Policy Scheme, you’ve got to pay the premium for fewer than 3 years of your chosen term. a person can get insurance of a minimum of Rs 1 lakh. Dear friends, through this text , we are getting to share all the knowledge associated with this scheme like application process, documents, eligibility etc. with you. So, read this text carefully.
Life Insurance Corporation Kanyadan Policy Scheme 2020
For taking the policy under LIC Kanyadan Policy Scheme, the minimum age of father should be between 18 to 50 years and therefore the minimum age of daughter should be 1 year. This plan are going to be available for 25 years. This LIC Kanyadaan policy scheme also can be found consistent with the various ages of your daughter ane you. The deadline of this policy are going to be reduced consistent with the age of the daughter. If an individual wants to pay less or more premium then he can join this policy plan and may cash in of this plan.
Objective of LIC Kanyadan Policy 2020
The main objective of this scheme is that as you recognize that saving for a daughter’s wedding is extremely difficult, that’s why the life assurance Corporation of India Company has started a policy to take a position for the daughter’s wedding, in order that people can invest in their scheme Add money for bright way forward for daughter. Through this LIC Kanyadan Policy, the daddy are going to be ready to fulfill all the longer term needs of his daughter and you’ll be ready to fulfill all the dreams of your daughter and be free from money troubles in your daughter’s wedding.
LIC grant policy tax benefit
Section 80C of the tax Act 1961 under LIC Kanyadan provides exemption on premium. This rebate are often obtained up to a maximum of Rs. 1.5 lakh. Simultaneously, exemption is additionally given on this amount of maturity or after death claim under section 10 or (10D).
By what age will LIC Kanyadan Policy be available?
For taking LIC grant policy, your minimum age should be 30 years and your daughter’s minimum age should be 1 year. You get this policy for a period of 25 years. Under which era you simply need to pay the dicided premium for less than 22 years. Friends, let me tell you that it’s not necessary that you simply get this policy only your daughter is 1 year old. you’ll take this policy at any time. The deadline of this policy are often reduced or extended consistent with the age of your daughter.
LIC grant policy premium amount
Under LIC Kanyadan policy, the applicant can increase or decrease the premium amount consistent with his income. it’s not necessary that the applicants deposit ₹ 121 daily. If he can deposit quite this, then he should deposit more. If he cannot deposit ₹ 121, then he can take an idea with a lower premium. Friends, if you would like to urge other information associated with LIC Kanyadaan policy, you’ll visit the official website of LIC otherwise you also can meet LIC agent.
When does one need to pay the premium?
You can pay the premium under this plan consistent with your convenience. you’ll pay the premium daily or in 6 months or 4 months or 1 month. you’ll pay the premium as and once you feel right.
Features of life assurance Corporation Kanyadan Policy 2020
Under this policy, if an individual dies after participating , then his family won’t need to pay the premium during this policy and his family are going to be given 1 lakh rupees per annum by the LIC company and 25 of the policy 27 lakhs are going to be provided separately to the policy nominee after the completion of the year. Anyone can invest under this scheme for his or her daughter’s wedding. this is often a singular scheme which may be a fund for your daughter’s marriage and education. She cooks
Benefits of LIC Kanyadan Policy 2020
If the insured dies under this policy, his family are going to be given Rs 5 lakh immediately.
During the plan, the benefit to the policy holder is given within the annual installment, which can be available to the financial needs of his family after the death of the policy holder.
During this scheme, you furthermore may get the advantage of bonus declared by LIC per annum. If the insured is in an accident of death, his family are going to be given Rs 10 lakh.
If an individual deposits Rs 75 daily. If 25 years after giving monthly premium to her, 14 lakh rupees are going to be provided at the time of marriage of the daughter.
If an individual saves 251 rupees daily, then 51 lakh rupees are going to be given after 25 years of monthly premium.
The year continues to pay even after getting married for its entire life.
If the insured dies between the age of 25 years, 10% of the first sum assured are going to be paid per annum from the date of death till maturity. an individual can save Rs 75 daily and obtain Rs 11 lakh for his daughter’s wedding.
Documents of Kanyadan Policy Scheme 2020 (Eligibility)
Applicant’s entry age should be between 18 to 50 years. Policy period 13 to 25 years Aadhar Card proof