LIC Kanyadan Policy: Save Rs 121 Every Day, Get Rs 27 Lakh During Your Daughter's Wedding - Know Scheme

New Delhi: LIC has come up with a very special policy for daughters. This news can make you very happy if you are also a father of a daughter. In fact, LIC has come up with a special policy for daughters known as the Kanyadan policy. 

If you take this particular LIC policy, you won't have to worry about her marriage. The policy is specifically designed to support the marriage of daughters, so the policy has been named as Kanyadan policy by LIC. Today we will give you the necessary information about this particular policy of LIC.

Documents Required

Aadhaar card, income certificate, identity card, address proof, and passport size photo will be required to open LIC's Kanyadan policy. In addition, a signed application form and a cheque or cash for the first premium as well as a birth certificate will have to be given.

At what age will this policy be available

For this, the daughter should be 1 year old and the minimum age of the parents should be 30 years. It will be a 25-year plan but you'll have to pay a premium for 22 years. This policy is available for different tenures depending on the age of the daughter but this will reduce the policy limit and increase the premium.

Policy includes death benefit

LIC Kanyadan Policy also includes death benefit. In simple terms, the family will not have to pay the rest of the premium if the policyholder dies for some reason after taking the policy.  If the death is accidental then the family will get a lump sum amount of Rs 10 lakh. If the death occurs in normal circumstances, the family will get Rs 5 lakh. The family will also get Rs 50,000 per year till maturity. 

What is its premium

In LIC's Kanyadan Policy, you will have to deposit Rs. 121 per day, or Rs. 3600 per month. On completion of this premium, you will get Rs 27 lakh for the marriage of your daughter.