Save Rs 151 per day, get Rs 31 lakh on maturity

Friends, LIC has introduced Kanyadan policy which will make your daughter’s marriage last for four months. If you are worried about your daughter’s marriage, Life Insurance Corporation of India (LIC), the largest insurance company in the country, may be a help to you. Learn about this special LIC policy.

In the LIC Kanyadan policy, you can start adding money for marriage as soon as your daughter is born and when the daughter reaches the age of marriage, you can get up to Rs 31 lakh on maturity. If you save only Rs 151 per day, you will get Rs 31 lakh for your daughter’s wedding. At the same time, you also get tax exemption under section 80C of the Income Tax Act.

Eligibility
To invest in LIC Kanyadan policy, you must be at least 30 years of age and your daughter must not be less than 1 year of age. The plan is available for 25 years, but the premium has to be paid for 22 years only. This policy is also available depending on the age of you and your daughter. In Kanyadan policy, if you save only Rs 151 in one day, you have to invest Rs 4530 in one month and after 25 years, when the policy matures, you will get full Rs 31 lakh.

Requirements of LIC’s Kanyadan Policy

  • This policy can be taken for 25 years.
  • Premium has to be paid for 22 years in this policy.
  • The family will not have to pay any premium if the insured dies in the meantime. The daughter will receive money each year for the remainder of the policy year.
  • This policy can be taken for more or less premium.

You will need the following documents to take Kanyadan policy

  1. Aadhaar card
  2. Certificate of Income
  3. Identity card
  4. Daughter’s birth certificate

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