LIC Scheme for Daughters: If you are a father of a daughter, you must be worried about her future. If you want to invest in your daughter and secure her future, then you don’t need to worry anymore. Currently, India’s largest insurance company, LIC, is running a special scheme. This scheme is called the Kanyadaan Policy. The special feature of this scheme is that you can start investing with a very small amount. With an investment of just ₹121 per day, you can create a fund of millions. It also offers tax benefits.

Secure Your Daughter’s Future

If you are a parent and want to prepare for your daughter’s education and marriage expenses, then this LIC scheme can prove to be very useful for you. This is a government-backed scheme, making it a safe savings option. By depositing small amounts in this scheme, you can build a large fund. This will help you manage all your daughter’s needs, from higher education to marriage.

Read Here: Redmi Note 14 Pro 5G Price Drops Before Redmi Note 15 Pro Launch: Get Rs 10,000 Discount

What is the LIC Kanyadaan Policy?

This LIC scheme is also known as ‘Jeevan Lakshya’. This scheme has been specially designed keeping in mind the future of daughters. If the policyholder dies for any reason, LIC itself pays the remaining premiums. Along with this, the family also receives financial assistance of approximately ₹10 lakh.

How to Build a Large Fund

If your monthly expenses are high and your income is limited, you can start investing with approximately ₹121 per day or about ₹3600 per month. You can invest in this policy for a total of 25 years, but the premium amount needs to be paid for only 22 years. No premium is required for the last 3 years. Upon maturity, you can receive a fund of up to approximately ₹27 lakh.

Read Here: Save Up to Rs 5000 on Vivo V60 5G on Amazon, Get 50MP Selfie Camera

Benefits of the Investment

The amount received at maturity can easily cover the expenses of your daughter’s marriage or higher education. Investing in this scheme is very easy, and the investment amount can be increased or decreased according to your financial situation. Additionally, investments made in your daughter’s name are eligible for tax benefits. This plan offers secure returns on small savings along with tax advantages.