LIC Kanyadan Policy: Pay Rs 130 and get Rs 27 lakh for daughter’s marriage

The government has introduced the Sukanya Samrudhi Yojana, which offers the best interest rates through the post, to provide for the future of girls. This gives parents the opportunity to reap more benefits with less investment.

Mumbai, June 21 : As soon as a child is born, parents start saving money for their child’s future. Education and marriage are two big purposes. Especially if there is a daughter, the parents struggle to make a big provision for marriage along with her education. The government is also implementing several schemes for a better future for girls. The government has introduced the Sukanya Samrudhi Yojana, which offers the best interest rates through the post, to provide for the future of girls. This gives parents the opportunity to reap more benefits with less investment.

LIC (Life Insurance Corporation of India) plans are also safe and good returns. LIC’s plans for the future of the family are the basis of billions of citizens. Now LIC has also come up with a special plan to provide for the future of girls. The name of this scheme is LIC Kanyadan Policy. LIC’s scheme helps low-income parents save money for their daughter’s wedding.

Kanyadan Policy:

In LIC’s Kanyadan policy, the investor has to deposit Rs 130 per day (Rs 47,450 per annum). After 25 years, LIC will pay around Rs 27 lakh to the policyholder. The minimum age of the investor to take this policy is 30 years and the minimum age of the investor’s daughter is one year. The minimum term of the policy is 13 years. In case of death of the policyholder for any reason, an additional Rs 5 lakh is paid to the person on behalf of LIC. If a person takes out insurance of Rs 5 lakh, he will have to pay Rs 1951 monthly for 22 years. At the end of the term, the policyholder will receive Rs 13.37 lakh from LIC. Similarly, if a person takes out insurance of Rs 10 lakh, he will have to pay a monthly premium of Rs 3901. After 25 years, Rs 26.75 lakh will be paid by LIC.

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Article first Appeared on Informalnewz

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