If you too have a beloved daughter and you dream of her better future, excellent education and a grand wedding? But you find all this very difficult in this era of inflation, then now you can take a sigh of relief. Actually, a great scheme of Life Insurance Corporation of India (LIC) can end all your tension.
People lovingly call this scheme that secures the future of girls as ‘Kanyadan Policy’. This is a scheme in which you can create a fund of lakhs for your daughter by saving the money equivalent to daily tea and snacks. So, let’s understand the complete calculation of this scheme.
What is this ‘Kanyadan’ scheme and its magic?
Actually this is a very famous policy of LIC, which has been made keeping in mind the future of the daughter. This is a piggy bank that secures the future of the daughter, in which you put a little money every day and get a big amount on maturity. Yes, this policy is an excellent combination of savings and insurance.
Journey from ₹121 to ₹27 lakh: Understand the complete math
This scheme shows everyone how a big empire can be built with small savings.
Daily savings: Only ₹121
Monthly savings: Around ₹3600
Policy term: 25 years
Payment period: Only 22 years (no installments to be paid for the last 3 years)
Amount received on maturity: Around ₹27 lakh
In such a situation, imagine that by saving just ₹121 every day, you can gift your daughter ₹27 lakh on her 25th birthday. With this money, your daughter can pursue further studies or fulfill her dreams.
Everything is for my daughter
The most important thing is that even if the father dies during the policy period, there will be no burden on the family, LIC will pay all the future installments itself. Yes, through this the family will get immediate financial assistance of ₹ 10 lakh (on accidental death).
Who can take this policy?
To avail the benefits of this policy, the father’s age should be between 18 and 50 years. At the same time, your daughter’s age should be at least 1 year.
Well, this scheme is a boon for all those parents who want to secure their daughter’s future financially. This can be a great and safe way to give wings to your daughter’s dreams in this era of inflation.
Most Read Articles:-
- No Need To Property or Trade License For UAE’s Golden Visa – All You Need To Know
- Bank Holidays Alert: Holiday declared on July 12, 13 and 14, see list…
- 8th Pay Commission: Central Govt Employees Salary to Rise 3 Times From 2027 – Check Details
- Muharram 2025: Are Schools Closed Today Across India? Check Details
- HDFC Bank Will Implement These New Transaction Charges From August 1, 2025 – Check new Charges List
