LIC Kanyadan Policy 2023: LIC Kanyadan Policy Yojana has been initiated by the life insurance firm of India to spent money for the marriage and education of daughters. Under this government scheme, any person can invest for the marriage of his own daughter. This decision is for 25 years. Under this government scheme, people will have to save Rupees 121 per day and pay a premium of Rs 3600 per month, but citizen will have to pay the premium charges only for 22 years. After the finishing of 25 years of this LIC Kanyadan Policy, you will be offered 27 lakh rupees.
Life Insurance Kanyadan Policy Scheme 2023
- 1 Life Insurance Kanyadan Policy Scheme 2023
- 2 Aim of LIC Kanyadan Policy 2023
- 3 Age Limit of LIC Kanyadan Policy
- 4 FAQs
You can get this insurance decision for 13 to 25 years. Under this Life Insurance Kanyadan Policy Scheme, you will have to do the payment of the premium for less than three years of your selected term. Any person may take insurance till a minimum of Rs 1 lakh.
With the assistance of this article we are providing with you all the details related to this LIC Kanyadan scheme like online application process, necessary documents, eligibility etc. Thus, you may read this page carefully.
LIC Kanyadan Policy Scheme 2023 – Overview
|Policy Title||LIC Kanyadan Policy 2023|
|Started by||Life Insurance Corporation of India|
|Beneficiaries||Only Girls Child|
|Policy Status||Started Now|
About LIC Kanyadan Policy Yojana 2023
To get the policy under LIC Kanyadan Policy Government Scheme, the lower age of the father should be between 18 to 50 years and the lower age of the daughter should be 1 year. This plan will be provided for 25 years. This Life Insurance Company Kanyadan Policy can also be provided as per the various age of you and your daughter. The time limit of this policy will be decreased as per the age of the daughter. In case a person wants to pay more or less premium then he can join this policy decision and can get benefit of this scheme.
Aim of LIC Kanyadan Policy 2023
The main perspective of this scheme as you aware of that it is very tough to save for daughter’s marriage, thus Life Insurance Corporation of India firm has initiated the policy of spending for daughter’s marriage thus that people can invest in this LIC Kanyadan scheme to make their own amount. You may add money for the bright future of the daughter. With the help of this LIC Kanyadan Policy, the father will be applicable to satisfy all the future requirements of his daughter and you will be applicable to satisfied all the dreams of your daughter.
Some More Details About LIC Kanyadan Policy
Free Look Period: A free look duration of 15 days is offered to the policy holder from the date of starting of the policy. In case that policy holder is not fulfill with any of the terms and conditions of the policy, he/she can opt out of the policy.
Exclusions: In case the policy holder commits suicide within 01 year of the starting of the policy, then no advantage of this policy will be offered to him.
Grace Period: A grace duration of 30 days is offered under this policy in case of yearly, quarterly payments. A grace duration of 15 days is offered in case of payments of monthly. No late fee is accepted from the policyholder at the time of the grace period. In case the policy holder does not pay the premium amount on time before the expiry date of the grace period, his policy will be rejected.
Surrender Value: Permission: The policy holder is permitted to surrender the policy under this decision after paying the premium for three years.
Income Tax Benefits of LIC Kanyadan Policy
Under LIC Kanyadan Scheme, exemption on premium is offered under section 80C of the Income Tax Act 1961. Along with this, concession is also offered on maturity or death blame amount under section 10(10D). This concession can be possible up to a maximum of 1.5 lakh rupees.
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Age Limit of LIC Kanyadan Policy
To get the LIC Kanyadan policy, your lower age should be 30 years and the minimum age of your daughter should be one year. You grab this policy for a duration of 25 years. Under which you have to pay the charges of the premium only for 22 years. It is not required that you grab this policy completed only when your daughter is one year old. You may get this policy at any time. The term of this policy may be exceeded or decreased as per the age of your daughter.
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How to apply online for LIC 2023 Kanyadan Policy?
Those beneficiaries who are interested and want to apply under this policy, then you may contact your nearest LIC agent/ LIC office and you have to go there and say that you wish to spent in LIC Kanyadaan policy. Then he will tell you the conditions and terms of the LIC Kanyadaan Yojana, you have to select it as per your income, then the LIC agent will have to offer you all your details and your documents, after that he will fill your online application form. In this way, you can join LIC Kanyadan Policy. To grab more details related to the scheme, you can go to the official website of LIC.
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Notable Things To Remember About LIC Kanyadan Policy
- With the help of LIC Kanyadan Policy, you may make your daughter’s future financially strong.
- This policy will offer life risk cover for a duration up to 3 years prefer to the date of the maturity.
- Under this policy, a lump sum amount will be offered to the insured during maturity.
- Under the LIC Kanyadan Policy, the premium will not have to be paid in case the father dies.
- In case the beneficiary dies cause of the accident, then 1000000 rupees will be offered to his family.
- In case the death of the beneficiary is cause of natural cause then in this case ₹ 500000 will be offered.
- Premium of Rupees 50000 per annum will be paid up to the date of maturity.
- Indian people living outside India may also get the benefit of LIC Kanyadan policy Sarkari Yojana.
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Life Insurance Company Kanyadan Policy: Click Here
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What is LIC Kanyadan Policy?
LIC Kanyadan Policy is a life insurance policy specifically designed to help parents financially prepare for their daughter's wedding expenses.
Who is eligible to apply for LIC Kanyadan Policy?
Parents or legal guardians of a girl child can apply for LIC Kanyadan Policy. The girl child should be between the ages of 1 day and 12 years at the time of policy application.
What is the minimum and maximum sum assured under LIC Kanyadan Policy?
The minimum sum assured under LIC Kanyadan Policy is Rs. 1 lakh, and the maximum sum assured can be up to Rs. 5 lakhs.
What are the policy term options under LIC Kanyadan Policy?
The policy term options under LIC Kanyadan Policy are 13, 16, 20, or 25 years. Policyholders can choose the term as per their convenience.