new Delhi. Today is International Women’s Day. On this day, if you wish, along with making your daughters financially empowered, you can also remove all your worries. To remove your worries, the country’s largest insurance company Life Insurance Corporation of India (LIC) runs such a scheme, after investing in which you will not have to worry about daughters’ education and marriage.
Actually, after the birth of the daughter, the biggest concern of the parents is about the education and marriage expenses of the daughter. In such a situation, LIC is running a great plan to overcome this problem, which is named LIC Kanyadan Policy. It has been specially made for planning the wedding expenses of daughters.
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these documents required
To take LIC Kanyadan policy, you have to fill a form. Along with this, you will need Aadhar Card, Income Proof, Identity Proof, Address Proof and Passport Size Photo.
You can deposit money in check or cash
For investment in this policy, an application form and birth certificate have to be submitted along with the first premium of the policy. You can deposit money for taking the policy by either check or cash.
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Know what is the age limit, for how long the premium will have to be paid
You can take this policy for a minimum of 13 years and a maximum of 25 years. You can use this money for both the education and marriage of the daughter. The age of the father of the girl child should be more than 30 years while taking this policy. Along with this, the age of the girl child must be at least 1 year. Like this policy, you will have to pay premium for 22 years and you will not have to pay premium for 3 years.
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Only this premium every month, tax exemption also
Like this policy, you will have to invest Rs 121 daily. This means that Rs 3,630 will have to be paid in a month. After 25 years, you will get Rs 27 lakh under LIC Kanyadan policy. Apart from this, investment up to Rs 1.50 lakh can be availed of tax exemption under section 80C of the Income Tax Act.
Also know this
If the policyholder dies during the policy term, the family will not have to pay the premium. If the death is accidental, the family will get a lump sum of Rs 10 lakh. If the death has happened under normal circumstances, then Rs 5 lakh will be given. Along with this, the family will also get Rs 50,000 every year till maturity. This policy also includes a death benefit clause.
Tags: International Women’s Day, Investment, Saving
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