Deposit money for only 3 years and earn 27 lakh rupees for daughter's wedding, good plan
If you are also a lucky father of a daughter, then Life Insurance Corporation of India has introduced a great program for you.
New Delhi. If you are also a lucky father of a daughter, then Life Insurance Corporation of India has introduced a great program for you. The name of this LIC scheme - LIC Kanyadaan Policy. This program is specifically designed to meet the future needs of the daughter and her marriage. Importantly, in this case, the daughter's caregiver must pay the premium for only three years and it is paid after maturity.
Under the LIC Kanyadaan policy, the investor must invest approximately Rs 50,000 per annum. Under Kanyadaan policy, the premium will only be paid in less than 3 years. A major feature of Kanyadaan policy is that the minimum investment age should be 30 years. Also, the age of the investor's daughter should be at least one year. Explain that by applying for this program, important documents such as Aadhar Card, income certificate, Identity Card, birth certificate are required.
The minimum maturity period for this policy is 13 years. The policy premium varies with different Sum Assured. If a person takes out Rs 5 lakh insurance, then he or she will have to pay a monthly installment of Rs 1,951 for 22 years. On maturity, LIC will receive Rs 13.37 lakh. Similarly, if a person takes out insurance of 10 lakhs, he or she will have to pay an installment of Rs 3901 per month. 26.75 lakh will be paid by LIC after 25 years.
This is a LIC policy, so you get a tax exemption on premiums paid under section 80C of the Income Tax Act 1961. Tax exemptions are up to Rs 1.50 lakh.
