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Sunday, August 1, 2021

For daughters special / wedding time will get Rs 27 lakh, deposit daily in this LIC scheme only Rs 121

For daughters special / wedding time will get Rs 27 lakh, deposit daily in this LIC scheme only Rs 121







With the birth of a daughter, parents start collecting money for their best future.  Seems like planning to take out a good investment policy.  At such a time, Life Insurance Corporation of India (LIC) has come up with a special scheme for daughters called LIC Kanyadan Policy.  In this scheme, low-income parents can save the best money for their daughter's wedding.

Learn more about this policy

 Under LIC's Kanyadan policy, an investor has to deposit Rs 130 per day and Rs 47,450 per annum.



The policy will have to pay premium for a period of less than 3 years.  After 25 years, LIC will pay him around Rs 27 lakh.  The age of the investor should be at least 30 years to register in LIC Kanyadaan policy.  When the age of the daughter should be at least 1 year.

 27 lakh on maturity








 The minimum maturity period in this policy is 13 years.  If the insured dies for any reason, LIC pays the person an additional Rs 5 lakh.  If a person takes out insurance of Rs 5 lakh, he will have to pay a monthly installment of Rs 1951 for 22 years.  At the end of time, LIC will get Rs 13.37 lakh.  Similarly, if a person takes out insurance of Rs 10 lakh, he will have to pay an installment of Rs 3901 per month.  After 25 years, LIC will get Rs 26.75 lakh.









You will also get tax exemption

 Under Section 80C of the Income Tax Act, 1961, an investor can claim tax exemption on premium.  The tax exemption act is up to Rs 1.50 lakh.  It is to be mentioned that important documents like Aadhar card, income certificate, identity card, birth certificate are required to apply in this scheme.



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