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LIC Policy: LIC's special scheme for the future of girls, 25 lakh rupees will be yours!
NEWS18 | October 28, 2024 11:16 AM CST

The policy can be taken for a minimum of 13 years and a maximum of 25 years. If you choose the 25-year option, you will have to pay the premium for only 22 years.


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In India, parents save money early for a girl child. Some of the earned money is kept for the future of the girl child. This money will be used for their education, marriage and future needs.

In India, parents save money early for a girl child. Some of the earned money is kept for the future of the girl child. This money will be used for their education, marriage and future needs.



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However, some schemes are the best option for those who want to save money for their daughter's future. Life Insurance Corporation of India (LIC), the country's largest government-run insurance company, offers the best plan.

However, some schemes are the best option for those who want to save money for their daughter's future. Life Insurance Corporation of India (LIC), the country's largest government-run insurance company, offers the best plan.



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LIC Kanyadana policy is specially designed to provide financial security to girl children. Here is the complete information about the eligibility, limitations and benefits of this scheme.

LIC Kanyadana policy is specially designed to provide financial security to girl children. Here is the complete information about the eligibility, limitations and benefits of this scheme.

 

 


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Features of LIC Kanyadana Policy: Premium Payments: Premium can be paid based on your preference. There are monthly, quarterly, half-yearly, annual payment options.

Features of LIC Kanyadana Policy: Premium Payments: Premium can be paid based on your preference. There are monthly, quarterly, half-yearly, annual payment options.

 

 

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Policy Term: The policy can be taken for a minimum of 13 years and a maximum of 25 years. If you choose the 25-year option, you will have to pay the premium for only 22 years.

Policy Term: The policy can be taken for a minimum of 13 years and a maximum of 25 years. If you choose the 25-year option, you will have to pay the premium for only 22 years.

 

 

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Eligibility: Parents or guardians between 18 to 50 years can apply for the policy. NRIs can also apply for this policy for their children. Only one policy can be taken in the name of a girl child.

Eligibility: Parents or guardians between 18 to 50 years can apply for the policy. NRIs can also apply for this policy for their children. Only one policy can be taken in the name of a girl child.



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Maturity Benefits: At the end of the policy term, you will receive Maturity Bonus, Final Bonus and Sum Assured. Maturity amount will be useful for your daughter's future. Tax Benefits: Under Section 80C of the Income Tax Act, you can claim a tax deduction of up to Rs.1.5 lakh per annum on premiums paid.

Maturity Benefits: At the end of the policy term, you will receive Maturity Bonus, Final Bonus and Sum Assured. Maturity amount will be useful for your daughter's future. Tax Benefits: Under Section 80C of the Income Tax Act, you can claim a tax deduction of up to Rs.1.5 lakh per annum on premiums paid.

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3,450 per month. 41,400 per year if the premium is paid. Over a period of 22 years (for a 25-year policy), your total investment will be Rs.9,10,800. When the policy matures after 25 years, your daughter will get approximately Rs.25 lakh. This amount can be used for her higher education or other important expenses.

3,450 per month. 41,400 per year if the premium is paid. Over a period of 22 years (for a 25-year policy), your total investment will be Rs.9,10,800. When the policy matures after 25 years, your daughter will get approximately Rs.25 lakh. This amount can be used for her higher education or other important expenses.



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LIC Aadhaar Shila Scheme is exclusively available for women. It provides both insurance and long-term savings. By investing in this scheme women can secure the future of their family and children.

LIC Aadhaar Shila Scheme is exclusively available for women. It provides both insurance and long-term savings. By investing in this scheme women can secure the future of their family and children.



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In case of death of the policyholder, the nominee receives the sum assured. In case of death after the policy term of 5 years, the nominee will also get the guaranteed bonus. At the end of the policy term the policyholder gets the sum assured along with maturity, guarantee bonus. Minimum age to invest in this scheme is 8 years and maximum age is 55 years.

In case of death of the policyholder, the nominee receives the sum assured. In case of death after the policy term of 5 years, the nominee will also get the guaranteed bonus. At the end of the policy term the policyholder gets the sum assured along with maturity, guarantee bonus. Minimum age to invest in this scheme is 8 years and maximum age is 55 years.

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