LIC Kanyadan Yojana is policy and its give profit to daughter and father. Its all term and conditions are provide in below. Its provide financial assistance to daughter. Its buy by father not by daughter herself.
Policy is profitable and provide many benefits to policyholder with loans and tax free terms. Its flexible payment modes and in surrender amount give 80% of policy.
lic kanyadan Yojana is financial assistance for your daughter. You get this benefit in future. It is perfect gift for your daughter.
|Entrance Age||18-50 Years|
|Policy Period||13-25 Years|
|Premium Payment Period||Plan Period 3 Years|
|Insurance Amount||1,00,000 to Unlimited|
|Premium Payment Mode||Monthly, Quarterly, Half yearly and Annual|
|Premium Payment Mode Discount||2% Annually, 1% Half yearly, 0% Quarterly and Monthly|
|Higher Discount Amount||3% (Insurance amount 5,00,000 and above)|
Benefit Of LIC Kanyadan Yojna 2020
- It is insurance plan and its come with savings and money
- Premium paying terms 3 years less than the policy terms
- It is limited term
- Flexible premium paying mode ( monthly, quarterly, half yearly and annually)
- Policy plan between 13 to 25 years
- Policy holder pay insurance amount 6 and 10 and 15 and 20 years
- Additional benefit of this policy its provided to policyholder and their family when father of the daughter is died tenure
- Benefit is also applicable if premium paying tenure at least 5 years
- Policy premium chart is self-explanatory
- Loan can be avail under this scheme
- Its tax free policy under the tax exemption laws of India, 1961
- Under the policy term many additional offers are included
- 80% premium paid by the corporate except for the surrender value or taxes
Eligibility criteria for LIC Kanyadan Yojna 2020
- Policy is purchased by father for the daughter and not by the daughter herself
- Age limit for purchase plan the policy minimum age 18 years and maximum age 50 years.
- Age limit of daughter is 1 years at the time of the purchase policy
- Minimum sum assured amount at the time of maturity is rs.1,00,000