Now there is no need for big investments to fulfill the dreams of a daughter’s education and marriage. Through the ‘Kanyadan Policy’ of Life Insurance Corporation of India (LIC), you can create a big fund of up to ₹ 27 lakh by saving only ₹ 121 daily. This scheme is specially designed keeping in mind the secure future of daughters, which helps parents to create a strong financial foundation for their daughters.
What is LIC’s ‘Kanyadan Policy
This is a very popular endowment policy of LIC, which is a great combination of savings and insurance. It is specially designed for those parents who want to create a strong financial fund for their daughter’s higher education, career, or marriage. This policy ensures that the daughter’s dreams are fulfilled, even if an unexpected event occurs in life.
Save ₹ 121 a day, get ₹ 27 lakh
If you save just ₹ 121 a day, then with a small saving of about ₹ 3,600 a month, you can create a huge fund for your daughter. Under LIC’s ‘Kanyadan Policy’, the total policy term is 25 years. However, the premium has to be paid only for the first 22 years. There is no installment to be paid in the last 3 years, which gives you financial relief. At the end of this plan, you get a maturity amount of about ₹ 27 lakh. With this amount, your daughter can easily fulfill her big dreams like getting higher education, starting a career, or important milestones like marriage.
Security for the daughter, even in the absence of the father
The most special thing about this policy is that if the father dies during the policy term, there is no financial burden on the family. In such a situation, LIC pays all the future premium installments itself. The family does not have to pay any further premiums. If the death is due to an accident, the family gets immediate financial assistance of up to ₹ 10 lakh. Despite all this, the daughter gets the full maturity amount of the policy on time. This facility ensures that the daughter’s future is secure even in difficult times.
Who can take this policy
There are some basic eligibility criteria to take this policy:
The age of the father taking the policy should be between 18 and 50 years.
The minimum age of the daughter should be 1 year.
This scheme is especially useful for those parents who want to secure their daughter’s future even if they have a low income.