Kanyadan Yojana details: The biggest concern of every father is the marriage of his daughter. If a daughter gets married in a good home after reading and writing, every father has the same desire. Now-a-days, big expenses are required to get married in a good house. An ordinary man cannot even think of that big expense. The ordinary man adds one pie each and keeps the money for the day when he will give his daughter.
Keeping these needs of the parents in mind, LIC has come up with a unique plan. Under this scheme, you have to save only Rs 130 per day and you will get around Rs 27 lakh when your daughter is eligible for marriage. This scheme is becoming very popular.
Know, details about this policy
Under LIC Kanyadaan policy, an investor will have to deposit Rs 130 daily (Rs 47,450 annually). Premium will be paid for less than 3 years of the policy term. After 25 years, LIC will pay him around Rs 27 lakh. The minimum age of the investor for enrollment in LIC Kanyadaan policy is 30 years and the minimum age of the daughter of the investor should be 1 year.
More details in less words of Kanyadan Yojana
• LIC Kanyadan Yojana LIC has a 25 year policy.
• The scheme will have to pay Rs 3600 per month for 22 years.
• Will get Rs 27 lakh after completion of 25 years of policy.
• After the death of the policyholder, the family will not have to pay the premium and the nominee will also get Rs 27 lakh after 25 years.
• If the policyholder is in the way, the family will get Rs 1 lakh for the remaining years of the policy.
• The policy can also be taken at a higher or less premium.
27 lakhs will be available on maturity
The minimum maturity period of this policy is 13 years. If the insured person dies due to any reason, then the person will have to pay an additional Rs 5 lakh on behalf of LIC. If a person takes insurance of Rs 5 lakh, then he will have to pay a monthly installment of Rs 1,951 for 22 years. On completion of time, Rs 13.37 lakh will be received from LIC. Similarly, if a person takes insurance of 10 lakhs, then he will have to pay an installment of Rs 3901 for the month. 26.75 lakh will be paid by LIC after 25 years.
Understand in easy language
Suppose a 30-year-old man takes a policy of Rs 5.20 lakh equivalent for his daughter. For this, they choose a period of 21 years as the policy period. They will have to pay the premium for 18 years and they will have to pay a premium of Rs 2468 every month. When the daughter becomes 21 years old, then that person will get Rs 11 lakh. On maturity, a bonus of 5.35 lakh rupees is obtained with a total assured of 5.20 lakhs. Final additional bonus of Rs. 52 thousand. In such a situation, after getting 21 years, you get 11 lakh rupees.
