The LIC Kanyadan Policy Scheme was developed by the Life Insurance Corporation of India to invest in the marriage and education of daughters. Under this arrangement, anybody may donate to his daughter’s wedding.
This strategy is for a 25-year timeframe. Under this policy, people would have to save Rs 121 per day and pay a monthly premium of Rs 3600, but they would only have to pay it for 22 years. You would get a payment of Rs. 27 lakh after 25 years of ownership of this LIC Kanyadan policy.
LIC Kanyadan Policy Scheme 2022
This insurance plan might last anywhere between 13 and 25 years. You would have to pay the premium for fewer than three years of the period you choose under this LIC Kanyadan Policy Scheme.
Anyone may get insurance for up to Rs 1 lakh. Dear friends, now we will share with you all the details of this program, such as the application procedure, papers required, and eligibility requirements, via this post. As a result, please take your time to go through our content.
Kanyadan Policy Scheme 2022 of the Life Insurance Corporation
To be eligible for the LIC Kanyadan Policy Scheme, the father must be between the ages of 18 and 50, and the daughter must be at least one year old. For the next 25 years, this plan will be accessible.
Depending on your and your daughter’s ages, this LIC Kanyadan insurance plan may be available. The policy’s time limit will be changed based on the age of the daughter. A person may join this insurance plan and profit from it if he wants to pay a higher or lower premium.
The LIC Kanyadan Policy 2022 aims to achieve the following goals.
Because it is difficult to save for a daughter’s wedding, the Life Insurance Corporation of India firm has created a policy of investing for a daughter’s wedding, so that people may participate in this program. Can provide funds for the daughter’s prosperous future.
The father will be able to meet all of his daughter’s future requirements with this LIC Kanyadan Policy, and you will be able to meet all of your daughter’s aspirations and be free of money-related troubles in her marriage.
Additional Details of LIC Kanyadan Policy
- Exclusions: If the policyholder commits suicide within 12 months of the policy’s start date, he will not get any benefits from the insurance.
- Free Look Time: From the policy’s start date, the policyholder has a 15-day free look period. If the policyholder is unhappy with any of the policy’s terms and conditions, he or she may opt-out.
- Grace period: In the event of yearly or quarterly payments, this policy allows for a 30-day grace period. Monthly payments include a 15-day grace period. During the grace period, no late fees are charged to the policyholder. The policyholder’s policy will be canceled if the premium is not paid before the grace period expires.
- Surrender Worth: After paying the premium for three years, the policyholder is permitted to surrender the coverage under this plan