LIC's 'Kanyadaan' scheme is a 'piggy bank of money'; LIC will give you Rs 27 lakh for your daughter's wedding..

LIC Investment Scheme: The LIC Kanyadan Policy is the best option for those who want to make a safe investment for their daughters' bright future. The specialty of this LIC policy is that small savings can be used to create a substantial fund, which will be useful for every need, from the daughter's education to marriage. This scheme, specially designed for daughters, provides investors with the benefits of both insurance cover and savings, ensuring a financially secure future.

What is the LIC Kanyadan Policy?

The LIC Kanyadan Policy, also known as Jeevan Lakshya, is specifically designed with daughters' future in mind. Small savings in this policy can create a substantial fund, which proves helpful in both their education and marriage. The most important feature is that if the father dies during the policy term, LIC assumes the responsibility of paying the remaining premiums, and the family can also receive immediate financial assistance of up to ₹10 lakh.

This LIC scheme is the best for girls.

Investing in the LIC Kanyadan policy is extremely easy. By saving just ₹121 daily, you can create a substantial fund for your daughter by investing approximately ₹3,600 each month. The maturity period for this scheme ranges from 13 to 25 years, and after 25 years, you can receive a lump sum of approximately ₹27 lakh. The most important thing is that you can increase or decrease the investment amount as per your convenience, and the fund will change accordingly.

This scheme shows everyone how small savings can create a substantial fund.

Daily Savings: Only ₹121
Monthly Investment: Approximately ₹3600
Policy Term: 25 Years
Payment Period: Only 22 Years (No installments for the last three years)
Maturity Amount: Approximately ₹27 Lakh
So just imagine, by saving just ₹121 daily and investing approximately ₹3600 a month, you can easily gift your daughter approximately ₹27 Lakh on her 25th birthday. With this money, your daughter can pursue further education or fulfill her dreams.

LIC Kanyadan Policy Offers Tax Benefits
The LIC Kanyadan Policy not only secures daughters' futures but also offers tax savings. It is covered under Section 80C of the Income Tax Act 1961, under which investors can avail tax deductions of up to ₹1.5 lakh. To qualify for this policy, the daughter must be at least 1 year old. Documents such as an Aadhaar card, an income certificate, residential proof, a passport-size photo, and the daughter's birth certificate are required. (Note: This article is for informational purposes only and should not be construed as investment advice. It's recommended to consult a financial advisor before making any investment decisions.)

Q1. What is the LIC Kanyadan Policy?

This is a special LIC scheme designed to cover expenses such as the education and marriage of daughters.

Q2. How much does one need to invest in this policy?

₹121 per day, or approximately ₹3,600 per month, is required.

Q3. How much is the maturity amount?

After 25 years, approximately ₹27 lakh can be received.

Q4. What happens if the policyholder dies?

LIC pays the remaining premiums, and the family can receive immediate assistance of up to ₹10 lakh.

Q5. Does this policy offer tax benefits?

Yes, up to ₹1.5 lakh is tax deductible under Section 80C of the Income Tax Act, 1961.

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