LIC Kanyadan Scheme: Those who are the parents of the daughter have to add money for the education of their child as well as for her marriage. If you think that this work is too heavy, then know that there are many such schemes in the market which can remove your worry. One such scheme is LIC, in which you will be able to collect a good fund for your daughter till her marriage.
Know LIC Kanyadan Scheme
LIC Kanyadan Scheme is such a scheme in which you can add money for your daughter and it comes under the scheme especially for daughters. Because of this, it has been named Kanyadan Scheme by LIC.
Eligibility for the policy
To invest in this policy, your minimum age should be 30 years and the daughter’s age should not be less than 1 year. The term of this policy is 25 years while premium has to be paid for 22 years. If your age is above 30 years and daughter’s age is more than 1 year, you can still take advantage of this scheme.
what documents will be required
passport size photo
daughter’s birth certificate
Apart from these an application form (dual signed)
You can also pay a check or cash for the premium.
How much premium will you get
If you look at Rs 151 per day in the Kanyadan policy, then you will have to invest Rs 4530 in a month. Since the policy has a premium of 22 years, then you can get 31 lakh rupees on its maturity after paying full premium. Think of it like this that suppose you took this policy at the age of 30 and paid premium for 22 years. The policy will mature at 25 years i.e. your age will be 55 years, then you will get 31 lakh rupees through this policy at that time.