You can buy the LIC Kanyadan Policy for 13 to 25 years. Under the LIC Kanyadan Policy, you need to pay the premium for less than 3 years of your policy term. You can buy LIC Kanyadan Policy at a minimum Sum assured of INR 1 lakh. There is no limit for the maximum Sum Assured. It will depend on the premium amount you pay.
To buy this policy, the minimum age of the child’s father should be between 18 to 50 years and the minimum age of the daughter should be 0 year. LIC Kanyadan Policy can be purchased according to different ages of the parent and daughter. The time limit of this policy will be reduced according to the age of the daughter. You can pay less or more premium in this policy, as per your suitability. It will depend on the premium amount you pay.
LIC Kanyadan Policy Premium Payment
Under the LIC Kanyadan policy, you can increase or decrease the premium payment according to your daughter’s education or marriage goal. You can pay the premium for Kanyadan Policy according to your convenience. The premium is to be paid daily, in Yearly, in 6 months, 3 months, or 1 month. You can pay the premium as per Your selected mode.
Features of LIC Kanyadan Policy
Under this policy, you can get several benefits. Look at the pointers below to know about them.
You can save INR 121 per day to get INR 27 lakh for your daughter’s wedding
If a person dies after subscribing to the policy, his family members won’t have to pay the premium. Plus, LIC will pay 1 lakh every year to his family members. Once the policy completes 25 years, LIC will pay the nominee 27 lakh separately. This insurance policy is ideal for someone wanting funds for his daughter’s education and marriage.
If the insured dies, his/her family will get INR10 lakh immediately
During the policy, the death benefit will given as yearly income 10% of Sum assured.
In this Policy, you can get the benefit of a bonus declared by LIC every year
If the insured dies in an accident, his/her family gets INR 20 lakh
If a person deposits 75 rupees daily, then after 25 years of monthly premium payments, 14 lakh rupees will be provided at the time of the marriage of the daughter.
If you save INR 251 daily, you will be given INR 51 lakh after 25 years of premium payment
You can save INR 75 per day to get INR 11 lakh for your daughter.