Lic kanyadan Yojana 2020

Pm Kanyadan policy is the perfect financial coverage for your daughter with very less premium. Unlike other plans, this is a unique plan that organizes a backup fund for the future expenses of your daughter in support of her marriage and education. In India, when a girl child is born in a family, the first thing that bothers the family most is her education and marriage expenses. But now UC has launched a plan which is really a great relief for the families by providing them with financial assistance in growing up their daughters. You can read the 'Kanyadan Policy' details in Hindi also to know how the plan is designed as a combination of some researched plans so that it gives maximum profit and meet the basic requirements. BSNL latest offers

Key Features of LIC Kanyadan Policy

The plan comes out with great features. Some of them are mentioned below

Offers to protect your daughter's future financially independent.
It offers cover for life risk over a certain period of time up to 3 years before the maturity date.
The insured will get a lump sum amount at the time of maturity.
In case the father expires, then the premium is waved off."
Immediate payment of Rs. 10 lakhs in the case of an accidental demise.
Immediate payment of Rs. 5 lakhs in the case of non-accidental/natural demise Rs. 50,000 will be paid every year until the maturity date."
Full maturity amount will be availed at the time of maturity.
Those who stay outside India can also go for this plan without visiting in the country.
The policy also has some mix features of the UC Jeevan Lakshya policy.

What Are the Benefits of LIC Kanyadan Policy?

Investing in LIC Kanyadan policy will secure your daughter 's future and will benefit you in many ways. Read the LIC Kanyadan policy details 2019 to know how the LIC Kanyadan policy can let you plan better to give your daughter complete financial liberty in terms of her education, marriage as well as to meet the special milestones in life. Pm Samman Nidhi yojana

In this policy, the premium paying term is limited.
This is a with-profits endowment insurance plan that comes with insurance and savings.
The premium paying term is less by 3 years than the policy term.
Various premium paying modes are available such as monthly, quarterly, half-yearly and annual.
If the applicant dies within the policy tenure, 10% of the Sum Assured is payable every year till 1year before the maturity date.
The policy tenure for this plan is between 13 to 25 years.
The policyholder has the option to pay for 6, 10, 15 or 20 years.
Additional benefits will be provided to the family if the policyholder i.e. the father of the daughter dies within the policy tenure.
Disability rider benefit is also applicable if the premium paying tenure is at least 5 years.
If the policyholder commits suicide within 12 months from the initiation of the policy, 80% of the premium will be paid by the corporation except for the surrender value or taxes, the one which will be higher of the two.
It is also available in Hindi language PDF to be understood by the people easily.
LIC Kanyadan policy premium chart is self-explanatory.
If the policy is active and the policyholder has paid the premiums for 3 consecutive years, a loan can be availed against the policy.
It is a perfectly tax-free policy under the tax exemption laws of India, 1961. Jio celebration

Eligibility Criteria for LIC Kanyadan Yojna

The policy can be purchased only by the father of the daughter and not by the daughter herself.
The age limit for buying the plan should be at least 18 years and not more than 50 years.
Daughter 's age should be at least 1year at the time of purchasing the policy.
The minimum Sum Assured at the time of maturity is Rs. 1 lakh.
The maximum Sum Assured at the time of maturity has 'No Limit' {depends on the cost of premiums paid by the policyholder).
Policy tenure for 13 to 25 years is available for the applicant.
Premium paying term is 3 years less than the policy term e.g. if the policy term is 15 years, then the policyholder has to pay the premiums for (15-3)=12 years.

LIC Kanyadan Yojana Benefits

If the Applicant survives the policy tenure of 15 years, then the applicant will get an approximately 8Lakhs.

The benifit or additional coverage shall not be provided in case of the policy holder commits suicide within 12 months from the initiation of the policy.

Note: There is no policy called LIC kanya dhan yojana. It is just a customized version of LIC Jeevan Lakshay that people are using to sell

Also Kanya sumagala yojana

Lic kanyadan Yojana 2020