LIC Kanyadan Policy LIC कन्यादान पालिसी Eligibility Criteria, Benefits

LIC Kanyadan coverage plan is launched by the life insurance coverage firm of India to spend money on the wedding and training of daughters. Under this scheme, any individual can spend money on his daughter’s marriage. This plan is for 25 years. Under this scheme, individuals must pay a premium of Rs 3600 monthly by saving Rs 121 per day, however individuals must pay premium just for 22 years. On completion of 25 years of this LIC Kanyadan coverage, you may be given Rs 27 lakh.

lic kanyadan coverage

To take the coverage below LIC Kanyadan coverage scheme, the minimal age of the daddy must be between 18 to 50 years and the minimal age of the daughter must be 1 yr. This plan shall be obtainable for 25 years. This LIC Kanyadan coverage plan will also be obtainable in keeping with the totally different ages of you and your daughter. The time restrict of this coverage shall be lowered in keeping with the age of the daughter. If an individual needs to pay roughly premium then he can be a part of this coverage scheme and may make the most of this scheme.

Life Insurance Corporation Kanyadan Policy Scheme 2022 – Overview

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Objective of LIC Kanyadan Policy Plan

• Disfellowship: If the policyholder commits suicide inside 12 months from the inception of the coverage, then he/she won’t be given any advantage of this coverage.
• free look interval: The policyholder is supplied with a free look interval of 15 days from the date of inception of the coverage. If the policyholder isn’t glad with any of the phrases and situations of the coverage, he/she will be able to choose out of the coverage.
• grace interval: A grace interval of 30 days is offered below this coverage in case of annual, quarterly funds. In case of month-to-month fee, a grace interval of 15 days is offered. No late payment is charged from the policyholder throughout the grace interval. If the policyholder doesn’t pay the premium earlier than the tip date of the grace interval, his coverage shall be terminated.
• give up worthPolicyholder is allowed to give up the coverage below this plan after paying the premium for 3 years.

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Key details of LIC Kanyadan Policy

• Through LIC Kanyadan coverage, you can also make your daughter’s future financially impartial.
• The coverage will present life threat cowl for a interval as much as 3 years previous to the maturity date.
• Under this coverage, a lump sum quantity shall be offered to the insured on the time of maturity.
• Under the LIC Kanyadan coverage, no premium must be paid in case of dying of the daddy.
• If the beneficiary dies because of an accident, Rs 1000000 shall be offered to his household.
• If the dying of the beneficiary is because of pure causes then on this case ₹500000 shall be offered.
• A premium of ₹ 50000 each year shall be paid until the date of maturity.
• Indian residents dwelling outdoors India can even avail the advantages of LIC Kanyadan coverage.

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Benefits of LIC Kanyadan Policy 2022

• Under this coverage, if the insured dies, his household shall be given Rs 5 lakh instantly.
• In this plan you additionally get the good thing about bonus declared by LIC yearly.
• If the insured dies in an accident, an help of Rs 10 lakh shall be given to his household.
• If an individual deposits Rs 75 per day then after 25 years of paying month-to-month premium will present Rs 14 lakh on the time of daughter’s marriage.
• If an individual saves Rs 251 per day, he’ll get Rs 51 lakh after 25 years of paying the month-to-month premium.
• This LIC Kanyadan coverage continues to pay yearly for all times even after getting married.
• If the dying of the life assured happens inside a interval of 25 years, then 10% of the Basic Sum Assured shall be given yearly from the yr of dying until the date of maturity.
• One can save Rs 75 per day and get Rs 11 lakh for his daughter’s marriage.
• The premium paying time period below LIC Kanyadan coverage is restricted.
• This coverage is an endowment insurance coverage plan with advantages that include insurance coverage and financial savings.
• The premium paying time period is 3 years lower than the coverage time period.
• There are numerous premium fee modes below LIC Kanyadan coverage that are month-to-month, quarterly, half-yearly and yearly.
• If the beneficiary of this plan dies throughout the time period of the coverage, then 10% of the Sum Assured is payable yearly until 1 yr earlier than the maturity date.
• The time period of LIC Kanyadan coverage is between 13 to 25 years.
• The policyholder can select to pay as per his requirement. Which is 6, 10, 15 or 20 years.
• The advantage of incapacity rider will also be availed below this plan. This profit will be availed provided that the premium paying time period is at the very least 5 years.
• Under this scheme, if the coverage is lively and the policyholder has paid the premium for 3 years, then mortgage will also be availed via this coverage.

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Eligibility for LIC Kanyadan Policy Apply Online

• Only the daddy of the daughter should purchase this coverage.
• The age restrict below this scheme is eighteen to 50 years.
• To purchase LIC Kanyadan coverage, the age of the daughter must be at the very least 1 yr.
• The minimal Sum Assured on the time of maturity must be ₹100000.
• There isn’t any restrict on the utmost Sum Assured on the time of maturity.
• There is a coverage time period of 13 to 25 years below this plan.
• The coverage time period below LIC Kanyadan coverage is 3 years greater than the premium paying time period.
• If the time period of the coverage is 15 years, then the policyholder must pay the premium for 12 years solely.

Documents required for Kanyadan Yojana 2022

• Aadhar card
• earnings certificates
• id card
• Address proof
• passport dimension photograph
• Duly stuffed and signed Scheme Proposal Form
• Check or money to pay first premium
• Birth certificates

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How to use for Life Insurance Corporation Kanyadan Scheme?

• If the individual needs to use below this scheme licenseindia.in,
• So go to your nearest LIC workplace and inform any worker or officer sitting there that you just need to spend money on LIC Kanyadan coverage.
• Then he will provide you with all the mandatory data for this.
• You have to decide on it in keeping with your earnings.
• After this, you’ll give all of your data and paperwork to the agent current there in order that he can fill your kind.
• In this fashion you may spend money on LIC Kanyadan coverage.
• Also, if an LIC agent is well-known to you, you may get all the knowledge from him/her and take crucial recommendation.
• LIC Kanyadan Policy has began its official web site, you may go to that web site to get extra particulars about it.

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