LIC Kanyadan Policy: Save Rs 151 everyday, get Rs 31 lakh on maturity, then marry your daughter with pomp

LIC Kanyadan Policy: Save Rs 151 everyday, get Rs 31 lakh on maturity, then marry your daughter with pomp

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New Delhi. If you are worried about the marriage of your daughter, then Life Insurance Corporation of India (LIC), the country’s largest insurance company, can prove to be helpful for you. In this policy, you can start adding money for marriage as soon as your daughter is born and when the daughter is of marriageable age, you can get up to Rs 31 lakh on maturity. If you save even only Rs 151 every day, then you will have Rs 31 lakh deposited for the marriage of your daughter. At the same time, you also get tax exemption under section 80C of the Income Tax Act.

Eligibility
To invest in LIC Kanyadan policy, your age should be at least 30 years and the daughter’s age should not be less than 1 year. This plan will be available for 25, but premium will have to be paid for 22 years only. This policy is also available according to the different ages of you and your daughter. In Kanyadaan policy, if you save even only Rs 151 a day, then you will have to invest Rs 4530 in a month and after 25 years, you will get full Rs 31 lakh when the policy matures.

Also read- LIC IPO Update News: Waiting for LIC IPO! Know every important thing before investing

Have a look at LIC’s Kanyadaan Policy
>> The policy can be taken for 25 years.
>> Will have to pay premium for 22 years.
>> If the insured dies in between, the family will not have to pay any premium. The daughter will get the money every year during the remaining year of the policy.
>> This policy can also be taken for more or less premium.
>> While taking Kanyadaan policy, you need documents like Aadhar card, Income certificate, Identity card, Birth certificate of daughter.

Tags: business news in hindi, Insurance, Life Insurance Corporation of India (LIC)

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