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LIC Kanyadaan Policy Benefits, New Delhi: Inflation is constantly increasing in the country. In such a situation, parents worry about the future of their children. They invest in many places along with saving for their children's education and marriage. Currently, there are many policy plans available in the market for the future of children. The country's largest insurance company, Life Insurance Corporation (LIC), has also started a special policy plan for daughters.

LIC Kanyadaan Policy is a very good option for the bright future of daughters. In this plan, you can deposit a fund of Rs 22.5 lakh for your daughter. Apart from this, tax benefits, loan facility etc. are also available in this scheme. If your daughter's age is between 1 year to 10 years, then you can invest in this plan.

About LIC's Kanyadan Policy

• LIC's Kanyadan policy is a term insurance. The tenure of this policy is 13-25 years.
• In this, you can select any one of the options for premium payment - monthly, quarterly, half-yearly and yearly.
• At the time of maturity you get the total amount consisting of Sum Assured + Bonus + Final Bonus.
• To invest in this scheme, the age of the daughter's father should be less than 50 years.

Benefits of LIC Kanyadaan Policy (LIC Kanyadaan Policy benefits)

• The investor gets the loan facility in the third year of purchasing LIC's Kanyadaan policy.
• After two years of the policy, the investor has the option to surrender.
• In this policy, there is an option to pay the premium in the grace period. In this, if you do not pay the premium in any month, then you can pay the premium in the next 30 days without any late fee.
• The premium paid on the Kanyadaan policy is eligible for deduction under 80C.
• Tax benefits are also available on the maturity amount under Section 10D.

  How much profit will you get after maturity

  If you invest in LIC's Kanyadan policy for 25 years, you will have to invest Rs 41,367 annually. This means that the premium will be around Rs 3,447 every month. For a maturity of 25 years, you have to invest only for 22 years. Now after maturity, you will get a benefit of about Rs 22.5 lakh.

  Benefits of Death Benefit

  If the father dies during the policy period, the girl will not have to pay the premium. In this case, the premium is waived off. Apart from this, the girl will get Rs 1 lakh annually for 25 years and a lump sum amount after maturity. At the same time, if the father dies due to a road accident, then along with death benefits, an accidental death benefit of Rs 10 lakh is also available. The nominee gets the benefit of accidental death benefit.