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One of the life insurance companies in India is the Life Insurance Corporation of India (LIC). Apart from being a state-owned life insurance company, its popularity is so much that now the policies of LIC have reached the homes of the citizens of the country.

Life Insurance Corporation of India launches various types of policies keeping in mind all types of citizens of the country. LIC has various policies for the common low class to rich people. And among all these policies, this time they have come up with a policy for female children through which the future will be secure.

The policy brought by Life Insurance Corporation of India for female children is called Kanyadan Policy (LIC Kanyadan Policy). What benefits are available in this policy (LIC Kanyadan Policy Details)? Let's take a look. This policy by LIC guarantees the future of daughters.

In order to invest in this policy of LIC, the age of the girl child should be at least 1 year and maximum 10 years. On the other hand, the father of a girl child should be at least 18 years old and not more than 50 years old. Policy tenure is 13 to 25 years. In this policy of LIC, money can be deposited every month. Also deposits can be made on 3 months, 6 months or yearly basis.

If one deposits 3600 rupees per month in this policy for daughters of LIC, then 27 lakh rupees will be available after 25 years. Also, according to Section 80C of the Income Tax Act, 1961, the investment in this policy will get tax deduction up to one and a half lakh rupees. Apart from this, after the launch of this policy, if the father of the girl child dies in an accident, the compensation is Rs 10 lakh and in case of natural death, compensation is Rs 5 lakh. Also the policy does not require paying premium.

The policy continues for free and the daughter gets the benefit of the policy at the end of the term.