LIC Kanyadan Policy: Invest ₹121 Daily, Secure ₹27 Lakh For Your Daughter

The Life Insurance Corporation ( LIC ) offers a range of schemes catering to individuals of all ages, including children and the elderly. Among these, the LIC Kanyadan Policy is specifically designed for daughters, enabling parents to plan their child's future with confidence.

This policy addresses the concerns of parents regarding their daughter 's education and marriage expenses. By investing a mere ₹121 daily, policyholders can accumulate a substantial fund for their daughter's marriage.

Key Features of the LIC Kanyadan Policy:

- Premium: ₹3,630 per month (₹121 daily)
- Maturity period: 25 years
- Maturity benefit: ₹27 lakh
- Policy term: Minimum 13 years, maximum 25 years
- Flexibility: Investment amount can be adjusted as per policyholder's preference
- Tax benefits: Eligible for tax deduction under Section 80C of the Income Tax Act, 1961
- Death benefit: ₹10 lakh in case of accidental death, ₹5 lakh in case of natural death

Eligibility Criteria:

- Father's age: Minimum 30 years
- Daughter's age: Minimum 1 year

Documentation Required:

- Application form
- Aadhaar Card
- Income Certificate
- Identity Proof
- Residential Proof
- Passport Size Photo
- Daughter's birth certificate

Investment Options:

- Cheque
- Cash

By investing in the LIC Kanyadan Policy, parents can secure their daughter's future and enjoy tax benefits while doing so."