Worries About Your Daughter’s Future are Over, LIC’s Plan Offers Big Returns With Savings of Just ₹121

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LIC Scheme: Do you want to start investing in your daughter’s name to secure her future? If yes, then the Life Insurance Corporation of India (LIC) Kanyadaan Policy could be a good option for you. This scheme allows you to build a large fund with small savings. The best part is that by saving just about ₹121 daily, you can create a fund worth millions of rupees and also avail of tax benefits.

Secure Investment for Daughters’ Future

Parents who want to plan financially for their daughter’s education and marriage can invest in this LIC scheme. This is a secure savings plan where regular small amounts are deposited to create a large fund over the long term. This fund can be used for major expenses like your daughter’s higher education or marriage.

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What is the LIC Kanyadaan Policy?

The LIC Kanyadaan Policy is also known as the Jeevan Lakshya Yojana. It has been specially designed keeping daughters in mind. A unique feature of this plan is that if the policyholder dies, LIC pays all subsequent premiums. In addition, the family receives financial assistance of approximately ₹10 lakh from LIC.

How to Build a Large Fund

Even if you can’t invest a large amount, there’s no need to worry. You can start investing in this scheme by depositing approximately ₹121 daily or about ₹3600 per month. The total policy term is 25 years, but premiums are only paid for 22 years. No premium is required for the last 3 years. Upon maturity, this scheme can provide a fund of up to approximately ₹27 lakh.

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With this amount, you can easily fulfil your daughter’s dream of marriage or higher education. You can also adjust the investment amount in this scheme according to your financial situation. Additionally, this investment made in your daughter’s name provides tax benefits. In short, this scheme offers the benefits of savings, security, and tax savings.

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Adarsh P - Author at TimesBull
About the Author

Adarsh P

Adarsh P - Author at TimesBull

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