LIC Kanyadan Policy: At present, considering the rates of inflation, getting a son or daughter married is very expensive. It becomes a bit expensive for any parent to bear the expenses of daughter’s education as well as marriage, but if you invest in LIC’s policy, then you can save money for daughter’s marriage and education. can do.
If you want to raise money for your daughter’s marriage, then you can invest in LIC Kanyadan policy. Let us know more about the benefits of this policy.
This policy can be taken for 13 years instead of 25 years. Apart from marriage, the money of this policy can also be used for studies. Parents of any daughter can invest in this policy for their daughter.
These documents will be needed
You will need many documents to invest in this policy. In these, Aadhaar card, income certificate, identity card, address proof and passport site photo will be required. Apart from this, a signed application form and birth certificate will have to be given. Apart from this, a check or cash will have to be given for the first premium.
time frame for the policy
If you want to invest in this policy for your daughter, then your age should be at least 30 years and the age of the daughter should be 1 year. Although this policy is for 25 years but the premium has to be paid for 22 years.
What happens on the death of the policyholder
If the policyholder dies in the middle of the policy (LIC Kanyadan Policy Death Benefits), then his family will not have to pay the premium. If the death is accidental then the family members will get Rs 10 lakh in lump sum. If the death has happened under normal circumstances, then Rs 5 lakh will be given. Apart from this, after 25 years, an amount of Rs 27 lakh will be given to the nominee.
This much premium will have to be paid
In this policy, a person will have to pay Rs 121 per day i.e. Rs 3600 per month. If you want, you can also take a lower premium than this. However, if the premium amount decreases, the policy amount will also decrease. By investing Rs 121 daily, you will get Rs 27 lakh after 25 years.
