If you are also the lucky father of a daughter, then this news is for you only. Today we are going to tell you about LIC’s Kanyadan policy, which can easily cover the entire cost of your daughter’s marriage. LIC Kanyadan Policy is specially designed to meet the needs of the daughter’s future and her marriage.
The most important thing about this policy is that you do not need to invest a lot of money in it. By depositing Rs 121 a day, you can create a fund of Rs 27 lakh.
The first condition of the Kanyadaan policy is that the investment age should be at least 30 years. Also, the age of the daughter must be one year. To apply for the scheme, you need to have the necessary documents like an Aadhar card, income proof, identity card, birth certificate. With this scheme, you are given tax exemption on the premium paid under 80C. This tax exemption is up to a maximum of Rs 1.50 lakh.
A fund of 27 lakhs will be created by investing Rs 121 daily: In LIC’s Kanyadan policy, you will have to deposit a fund of Rs 121 daily. That is, 3600 rupees have to be deposited every month. With a daily investment of Rs 121, you will get Rs 27 lakh after 25 years. With which you can fulfill many other needs apart from your daughter’s marriage.
In this policy, you have to pay the premium not only for 25 years but for 22 years. One thing to note before investing is that the limit of this policy can also be reduced. This policy can also be taken for 13 years and the money can be used for marriage as well as daughter education.