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Considering the changing times, financial worries become a cause of worry at some point. It becomes necessary for parents to save for everything from children's education to marriage. This is the reason why we all like to invest in such places from where we can get strong returns.

If you are looking for a plan that will prove to be financially helpful for your daughters' future, then you can invest in a special policy of the Life Insurance Corporation of India (LIC). Yes, under the Kanyadaan policy from LIC, you can get help with the education or marriage expenses of your daughters. You can invest only Rs 75 daily in this plan, let us know in detail about LIC's Kanyadaan policy.

LIC Kanyadaan Policy-

Kanyadaan policy is also one of the secure schemes of LIC. It has been started to meet the expenses like education and marriage of daughters. You can get strong returns by investing every month in this policy. Investment can be made in the plan with many types of options.

LIC Kanyadaan Policy Eligibility-

The father's age should be a minimum of 18 years and a maximum of 50 years.

The minimum age of the daughter should be 1 year.

Any person can get insurance for at least Rs 1 lakh.

There is no maximum limit for investment in the plan.

The policy term of this plan is from 13 years to 25 years.

The premium payment term is zero to 3 years.

Premium payment options are monthly, quarterly, half-yearly, and annually.

Father or mother can buy the policy. The daughter herself cannot buy it.

LIC Kanyadaan Policy Benefits-

Rs 10 lakh is paid immediately in case of accidental death of the insured parent.

In case of non-accidental or natural death, Rs 5 lakh is paid immediately.

Rs 50 thousand is paid every year till the date of maturity.

Can avail tax exemption as per Income Tax Act 1961 of India.

Documents Required for LIC Kanyadaan Policy-

Aadhaar Card

Address Proof

Passport Size Photo

Income Certificate

Birth Certificate of daughter

LIC Kanyadaan Policy Calculator-

If you are eligible to invest in Kanyadaan Policy then you can invest Rs 75 every day. If you want, you can also invest Rs 2,250 per month. You will have to make this investment for 25 years. In this case, you will be given Rs 14 lakh on maturity.

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