LIC Kanyadan Policy: Invest Rs 121 and Get 27 Lakhs for Daughter’s Wedding; Know the Conditions, Documents Required & Application Process

It is the dream of every parent to give good education to their daughter and then marry her with great pomp and show. But, it’s not possible for everyone to fulfill this dream as it requires years of savings. And if you also are worried about your daughter’s bright future, then stop worrying, because today we are going to give information about a special policy of LIC. It is LIC Kanyadan Policy. As the name suggests, this policy is specifically for the marriage of daughters. 

Let’s proceed to get all the information about this policy. 

What is LIC Kanyadan Policy? 

• Under this policy, you will have to pay a premium of Rs. 121 daily, i.e. monthly premium of Rs. 3600. 

• You can also avail the benefit of this policy by paying a lower premium too. 

• If you deposit Rs. 121 daily, then after 25 years, you will get Rs. 27 lakhs.

• If the policyholder dies, his family will not have to pay the premium. And with this, the family will be given 1 Lakh Rupees every year. This means death benefit is also included in this policy. 

Age and eligibility

Not everyone can take the advantage of this policy, because the company has set the age limit for LIC Kanyadan Policy. One must be of 30 years’ age to take the advantage of this policy. With this, the daughter’s age should be at least 1 year. One advantage of this policy is that its benefits will be available in 25^th year, but you will have to pay the premium for 22 years only. One more notable thing is that, the time limit of this policy is reduced according to the age of daughter.  

Documents Required 

• Aadhaar Card

• Income certificate

• Birth Certificate

• Identity Proof

• Address Proof

• Passport Size Photo

• Signed Application Form

• Cash or Cheque for the first premium

This Plan is Available for 13 Years Also 

This plan is also available for 13 years. And the amount can be used for marriage, as well as studies of your daughter. You can make your daughter’s future better through this policy.  

How to Take the Advantage of This Policy? 

You just need to go to the nearest LIC Office or LIC Agent and tell that you want to invest in LIC Kanyadan Policy. After getting all the knowledge about terms and conditions, you can invest in LIC Kanyadan Policy.