LIC Scheme make your daughter marriage easier .

Now You Are not Worried about Your Daughter ‘s Marriage ?

LIC Scheme make your daughter marriage easier . Are You Worried about Your Daughter ‘s Marriage ? This LIC Scheme make your daughter marriage easier . Lic i.e LIfe insurance corporation of india keeps introducing many beneficial schemes from time to time .

small investors– Due to which especially short and long term investors get benefit .
Help in daughter marriage – one such scheme is related to helping in the marriage of daughter .

what is the scheme name ?

The scheme we are talking about is called LIC’S kanyadan policy . in this scheme, there is a facility of premimun payment for 6,10,15 or 20 years .

Tax exemption – In this ,the benefit of tax exemption is availabe under section 80c of the income tax act .

Eligibility-
To take the policy , the fathers age should be between 10 to 50 years .

daughters age –At the same time , the daughter for whom this policy is being bought should be less than 1 year old .

LIC marriage Scheme

Table 1
parameters	key highlights
Entery age of the policy holder	minimum-18 years maximum-50 years
Entery age of the policy daughter	minimum-1 year
sum assured	minimum-RS.1 lakh maximum-no limit
maximum maturity age	65 years
policy term	13 years to 25 years
premium paying term	policy term minus 3 years
premium paying options	monthly,quartely,half -yearly , yearly
who can buy the policy	only the father/mother, not the daughter herself
riders benifits	available

What Are The Key Benefits of LIC Kanyadan Policy?

Apart from securing your daughter’s future, this policy offers many other benefits to achieve different milestones and to fulfill the varied needs of your daughter in many ways. To know more about the policy, especially the key LIC Kanyadan Policy benefits, have a look at the below mentioned.

In case of the unfortunate and untimely demise of the insured parent, the prerniums are waived off to lessen the financial burden.

In the event of death of the Life Assured during the active policy term, “Sum Assured on Death” as the death benefit is paid by the policy whereas the “Sum Assured on Death” is defined as 7 times of annualized premium or Sum of 110% of Basic Sum Assured, which shall be payable on date of maturity and Annual income Benefit eatal to 10% of the Basic Sum Assured, whichever is higher

Death benefit includes The Vested Simple Reversionary Bonuses and Final Additional Bonus if any.

The policy pays Rs. 10 lakhs immediately in case of the accidental demise of the insured parent.

in the event of non accidental or natural death. Rs. 5 lakh is paid immediately.

Until the date of maturity Rs 50.000 is paid every year

In case the Life Assured survives the entire policy term during an active policy, the “Sum Assured on Maturity that is equal to Basic Sum Assured along with vested Simple Reversionary bonuses and Final Additional Bonus, if any, will be paid as the matunty benefic

Under this plan, different Riders options are available to enhance the strength of the policy and to provide more protection

The plan offers you the flexibility to receive the death benefit either as a lump sum amount or as in installments, monthly, quarterly, half yearly, and annually to generate a regular flow of income for a certain period of time

This is a with profit endpement insurance plan that comes with insurance benefits coupled with sevings advantages

LIC has made a PDF of the policy in the Hindi language too so that it can become easily accessible to a wider range of people.

The premium chart of the LIC Kanyadan Policy is made in such a way that it can be understood effortlessly

Under this policy, the Loan facility is available provided at least two full years’ premiums have been pald and that is subject to the terms and conditions of the Corporation. The maximum loan as a percentage of surrender value shall be as For in-force policies-90%-For paid-up policies-80%

Tax exemption benefit may be availed of with this policy as per the Income Tax Law of India, 1961