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LIC Kanyadan Policy: LIC's Kanyadan policy not only accumulates a large fund for the daughter, but also comes under Section 80C of the Income Tax Act 1961, so those who pay the premium can get a tax exemption of up to Rs 1.5 lakh.

The country's largest insurance company LIC offers many schemes for everyone from children to the elderly, which are helpful in raising huge funds. LIC has made many plans especially for daughters, which can eliminate the tension from the girl's education to marriage. Usually in India, as soon as a daughter is born, people start worrying about her education and marriage. If you are also in this list, then LIC's Kanyadan Policy can remove this worry, which will not let you feel the lack of money in the daughter's marriage. Let's know about it in details...


LIC Kanyadan Policy not only secures your daughter's future, but also frees you from the tension of money in her marriage. As per the name of this plan, it can provide a huge fund when the girl is of marriageable age. In this, you will have to deposit Rs 121 per day, which means you will have to deposit a total of Rs 3,600 every month. Through this investment, you will get a lump sum of Rs 27 lakh on completion of the policy's maturity period of 25 years.


This is the maturity period of the scheme. This great policy of LIC can be taken for a maturity period of 13 to 25 years. On one hand, by saving Rs. 121 per day, you can raise Rs. 27 lakh for your daughter, whereas if you invest in this scheme by saving just Rs. 75 per day, i.e. about Rs. 2250 per month, then also you will get Rs. 14 lakh on maturity. If you want to increase or decrease the investment amount, then you can increase or decrease it according to your wish and your fund will also change on that basis.


Tax exemption is also available. Talking about the age limit for availing this plan made for the daughter, in this scheme the age of the beneficiary's father should be at least 30 years, while the age of the daughter should be at least one year. Along with accumulation of huge funds, tax benefits are also available in this LIC Plan. LIC Kanyadan Policy comes under the purview of Section 80C of Income Tax Act 1961, hence those who pay the premium can get tax exemption of up to Rs 1.5 lakh.


Not only this, if any untoward incident happens with the policyholder before the maturity period or he dies prematurely, then in such a situation there is a provision to give up to Rs 10 lakh to the family members and the family members will not have to pay the premium. On completion of the maturity period of the policy, the entire amount of Rs 27 lakh will be given to the nominee.


You can easily take this plan. Now let's talk about what documents you will need to take LIC's Kanyadan policy. So let us tell you that you will have to give your Aadhaar Card or any other identity proof, income certificate, residential proof, passport size photo, daughter's birth certificate.