If you have a daughter at home, you will get 27 lakh rupees at the time of marriage! Know about LIC Kanyadaan Policy

LIC Kanyadaan Policy has been launched by India’s largest insurance company LIC to invest the marriage of daughters for education. Anyone can invest for their daughter’s marriage through this college started by LIC company.

The scheme is for 25 years and it is required to save Rs 121 per day under this scheme. Also you have to pay a premium of 3600 rupees. But through this policy people have to pay premium for 22 years then LIC Kanyadan policy after completion of 25 years you are given 27 lakh rupees by LIC policy.

LIC Kanyadaan Policy 2023

Name of the postLIC Kanyadaan Policy Scheme 2023
BeneficiaryCitizens of the country
benefit27 lakhs will be given after the expiry of the policy
RegistrationProcess online
Start of the plan
Year 2023 by Life Insurance Corporation of India

Who can avail LIC Kanyadaan Policy Yojana?

  • To take a policy under LIC Kanyadaan Policy Yojana, father’s age should be between 18 to 50 years. Also the minimum age of the daughter should be 1 year.
  • This plan will be available for 25 years. But your premium will have to be paid only for 22 years.
  • This LIC Kanyadaan policy scheme can also be available according to the different ages of you and your daughter.
  • The time limit of this policy will be reduced according to the age of the daughter.
  • If a person wants to pay more or less premium, he can join this policy scheme and avail the benefits of this scheme.

LIC Kanyadaan Policy Benefits

  • The premium payment in this LIC policy is now limited.
  • The repayment term in this policy is three years less than the policy term.
  • Among insurance plans, this is a profitable endowment insurance plan.
  • Monthly, quarterly, semi-annual and annual premium options are available under this policy.
  • The tenure of this LIC Kanyadan policy is between 13 to 25 years.
  • This policy can be opted for coverage of six 10, 15 and 20 years.
  • If the insured dies after taking the policy, his family will get Rs 5 lakh. This amount will be given in annual installments.
  • If the insured dies in an accident, the family will get Rs 10 lakh.
  • If the policy is taken for 15 years, the premium will have to be paid for 12 years only. 4. If you want to surrender this policy, it can be done after three years.

What is the eligibility to avail the policy?

  • Individuals between 18 to 50 years can apply for this LIC policy.
  • This policy can be purchased only by father of daughters.
  • The maximum sum assured is unlimited during the crop term of this policy.
  • Any father who wants to buy this lic kanyadan policy for his daughters must be one year old.
  • The minimum sum assured at the time of maturity of this insurance is required to be 10 lakh rupees.
  • The term of this policy is three years more than the premium paying term.
  • If the term of the Kanyadan policy is 15 years, then the policy states that the premium has to be paid within 12 years only.

Useful document for taking policy

  • Identification card
  • Income certificate
  • aadhar card
  • Address proof
  • A recent passport size photograph
  • Check or cash for payment of first premium
  • Birth and Certificate
  • Duly filled and signed form for proposal of scheme.

How to Apply for Policy

Interested beneficiaries who want to apply under this policy, then you can contact your nearest LIC office / LIC agent. LIC will tell you the term of kanyadan policy, you have to choose it according to your income, then LIC agent will give you all your information and your documents, after that he will fill your form. This is how you can join LIC Kanyadaan Niti Yojana 2023. To get more information regarding the scheme, you can visit the official website of LIC.

Useful links

Weekly siteClick here
homepageClick here