Investing in your daughter’s future is now simpler and more rewarding than ever with LIC’s Kanyadaan Policy.
Offering not just financial security but also tax benefits, loan options, and additional perks, this policy is tailored to ensure a brighter tomorrow for your loved one.
Policy Term and Premium Options:
Tailor-made for long-term financial planning, the LIC Kanyadaan Policy spans a flexible term of 13 to 25 years.
Premium payments can be made conveniently on a monthly, quarterly, half-yearly, or annual basis.
With a policy term of 25 years, premiums are payable for 22 years,
culminating in a maturity period that promises substantial returns.
Loan Facility and Surrender Options:
Accessing funds becomes hassle-free with the provision of loan facilities available from the third year of policy ownership.
Moreover, for those requiring flexibility, surrendering the policy after two years is also an option.
Additionally, a grace period ensures that missed premium payments can be rectified without incurring late fees,
offering peace of mind to policyholders.
Tax Exemptions:
Maximize your tax savings with LIC’s Kanyadaan Policy, which offers dual benefits in tax exemptions.
Enjoy deductions under Section 80C for premium payments, while the maturity amount remains tax-free under Section 10D.
With a minimum sum assured of Rs. 1 lakh and no maximum limit,
this policy caters to varying financial needs.
Illustrative Benefits:
Opting for a 25-year term plan with an annual premium of Rs. 41,367 translates to a monthly installment of approximately Rs. 3,447.
Over the 22-year premium payment period, the policy ensures a life insurance coverage of Rs. 22.5 lakh.
In the unfortunate event of the father’s demise during the policy term, premium payments are waived,
and the child receives Rs. 1 lakh annually until the completion of the term, along with a lump sum maturity amount on the 25th year.
Additional Benefits in Case of Accidental Death:
In the tragic event of the father’s demise due to a road accident, the nominee receives an additional accidental death benefit of Rs. 10 lakh, along with all other death benefits outlined in the policy.
For further details and to explore the benefits of the LIC Kanyadaan Policy, visit Life Insurance of India.
