look news india
Inflation is constantly increasing in the country. In such a situation, parents are worried about the future of their children. From children's education to marriage, they save money as well as invest in many places. At present, many policy schemes are available in the market for the future of children. The country's largest insurance company Life Insurance Corporation (LIC) has also launched a special policy plan for daughters.
LIC Kanyadan Policy is a great option for the bright future of girls. In this scheme, you can deposit a fund of Rs 22.5 lakh for your daughter. Apart from this, facilities like tax benefit, loan facility etc. are also available in this scheme. If your daughter's age is between 1 year to 10 years, then you can invest in this scheme.
About LIC's Kanyadan Policy
- LIC's Kanyadaan policy is a term insurance. The term of this policy is 13-25 years.
- In this, you can choose any option from monthly, quarterly, half-yearly and yearly for premium payment.
- At the time of maturity you get the total amount by adding the sum assured and the final bonus.
- To invest in this scheme, the age of the daughter's father should be less than 50 years.
LIC Kanyadaan Policy Benefits
- The investor gets the loan facility only in the third year of purchasing the LIC Kanyadaan policy.
- After two years of the policy, the investor has the option to surrender it.
- This policy has the option of paying premium during the grace period. In this, if you do not pay the premium in any month, then you can pay the premium in the next 30 days without any late fee.
- The premium payment in Kanyadaan policy is eligible for deduction under 80C.
- Tax benefits are also available on the maturity amount under Section 10D.
- How much benefit will you get after maturity
- If you invest in LIC's Kanyadan policy for 25 years, then you will have to invest Rs 41,367 annually. This means that the premium will be around Rs 3,447 per month. For a maturity of 25 years, you will have to invest only for 22 years. Now on completion of the period, you will get a profit of about Rs 22.5 lakh.
