LIC Kanyadan Plan is the perfect thoughtful plan to secure the life span of our allies.
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It’s limited to restricted premium and gives security and support to daughters to sustain their future schooling and marriage plans. Our objective is to help and financially encourage families to continually control the expenses of our allies in fulfilling their dreams. It’s an ideal gift to our valued daughters and a big relief to households by offering significant financial assistance to our brothers’ better future and welfare.What is the insurance LIC Kanyadan plan? This plan is your all-in-one financial plan for your daughters’ future wellbeing. Which are the benefits of the LIC Kanyadan plan? Securing a daughter’s future is one of the main Wishlist for parents. This LIC brings Kanyadan Policy to help our daughter and ourselves to provide financial freedom by supporting her education, union, and other landmarks. Under the tax exemption law of India, it is a tax-free policy. There are two tax advantages to provide: Firstly, The accordingly tax benefit of Rs. 1,50,000 determined beneath 80 C can be availed by paying premium, and Second, Under Section 10 (10D), Maturity amount can also be tax-free.Who will buy this strategy? The policy can be purchased from the significantly father of the daughter just rather than the girl herself. The kid’s age has to be at least one year in the time of buying the dad’s policy.What is the age limit for purchasing the LIC Kanyadan plan? The minimum amount to buy the policy is 18 years, and also the maximum age up to which the coverage can be availed is 50 years.What is the locking period of LIC Kanyadan? The locking interval of the coverage can be found from 13 to 25 decades.Which files are required to Purchase LIC Kanyadan Plan? These documents are beforehand requiredAge, address, and identity proofIncome ProofAadhar CardPassport size photoProposal FormGirl child birth certification Cheque or Demand Draft of the first premiumCould I avail loan advantage against the Kanyadan Scheme? Can there be some exception in the Plan? Any extra benefits or claims can’t be taken if the policyholder commits suicide over 12 months of purchasing the policy.What is the frequency of the premium payment? The premium can be paid quarterly, monthly, semi-annually, or annually depending upon your preference.Is this policy available for NRI citizens? Yes, the scheme can be obtained for Indian nationals as well as NRI citizens.Are there some surrender advantages from the LIC Kanyadan strategy? Yes, there is an option to cancel the coverage after having a premium for at least three decades. The surrender value is the complete paid premium value except for any rider benefits.