Specialty of Life Insurance Corporation Kanyadan Plan

 

    The Life Insurance Corporation Kanyadan program is a great think tank to protect the health of our daughters. It is limited to limited premiums and provides support and security for daughters to pursue their future education and marriage plans. Our initiative is to help and support families to manage the cost of our daughters to achieve their dreams. It is a wonderful gift for our precious daughters and a great comfort to families for providing great financial help for the future and well-being of our daughters.

What is the LIC Kanyadan program?

This program is a general financial plan for the well-being of your future daughters. It helps to plan your daughter's expenses. It support her education and her marriage both by investing in a fund with low premiums.

What are the benefits of the LIC Kanyadan program?

Protecting the daughter's future is one of the parents' biggest wishes. Here the LIC brings Kanyadan policy to the benefit of our daughter and us to offer financial freedom by supporting her through her education, her marriage, and other categories. The benefits of this program are:

It is in the process of guaranteeing profit with a limited time to pay the premium

The premium payment period is less than three years than the policy period

Flexible ways to pay premium

In the event of the policyholder's death prior to maturity, 10% of the guaranteed basic amount will be provided for each policy reminder prior to maturity date.

Offers Rs. 10 lakhs in the event of the death of the police officer

Provide a premium waiver in the event of the death of the policyholder before the policy matures

Are there any tax benefits levied on LIC Kanyadan?

Under India's tax exemption law, it is a tax-free policy. There are two tax benefits you can offer: First, a tax benefit of Rs. 1,50,000 less than 80 C can be obtained by paying a premium, and secondly, Under Section 10 (10D), the maturity amount is also tax-free.

Who can buy this program?

The policy can only be bought by the father of the daughter and not the daughter herself. The daughter's age should be at least one year at the time of purchase of the father's policy.

What is the age limit for buying a LIC Kanyadan program?

The minimum age for purchasing a policy is 18 years, and the maximum age for which a policy can be obtained is 50 years.

What is the lock time for LIC Kanyadan?

The policy lock period is available from 13 to 25 years.

What documents are required to purchase the LIC Kanyadan Plan?

The following documents are required

Age, address, and identity

Proof of income

Aadhar card

Passport image size

Suggestion form

Birth certificate of a girl child

Check out or seek out the original premium framework

Can I get a loan benefit against the Kanyadan Scheme?

Yes, you can take out a loan if your policy applies and pay off the loan for three consecutive years.

Is there a discharge from the system?

Any additional benefits or claims cannot be claimed if the policyholder commits suicide within 12 months of purchasing the policy.

What is the frequency of premium payments?

The premium can be paid monthly, quarterly, semi-annually, or annually depending on your eligibility.

Is this policy available to NRI citizens?

Yes, this program is available to Indians and NRI citizens.

Are there any benefits to volunteering against the LIC Kanyadan program?

Yes, there is an option to offer a policy after paying a premium for at least three years. Dedication is the total amount paid for premium without any passenger benefits.