LIC’s portfolio has many great schemes for everyone from children to the elderly, which are helpful in raising huge funds even through small savings. LIC has made many plans especially for daughters, which can eliminate the tension from their education to marriage.

Usually in India, as soon as a daughter is born, people start worrying about her education and marriage. If you are also in this list, then LIC’s Kanyadan Policy can remove this worry, which will not let you feel the lack of money in the daughter’s marriage. Let’s know about it in detail…

LIC Kanyadan Policy can not only secure your daughter’s future but also free you from the tension of money during her marriage. As per the name of this plan, it can provide a huge
fund when the girl becomes marriageable. In this, you will have to deposit Rs 121 per day for the daughter, which means you will have to deposit a total of Rs 3,600 every month. Through this investment, you will get more than Rs 27 lakh in lump sum on completion of the policy’s maturity period of 25 years.

This is the maturity period of the scheme.

This great policy of LIC can be taken for a maturity period of 13 to 25 years. In such a situation, if your daughter is two years old and you take a sum assured plan of Rs 10 lakh for a maturity of 25 years and invest Rs 121 daily in the scheme, then when your daughter will be 27 years old, she will have Rs 27 lakh. If you want to increase or decrease the investment amount, you can increase or decrease it according to your wish and your fund will also change on that basis.

Tax benefits will also be available

Talking about the age limit to avail this LIC plan made for daughters, in this scheme the age of the father of the beneficiary should be at least 30 years, while the age of the daughter should be at least one year. Along with accumulating a huge fund, tax benefits are also available in this LIC plan. LIC Kanyadan Policy comes under the purview of Section 80C of Income Tax Act 1961, so those who pay the premium can get a tax exemption of up to Rs 1.5 lakh.

Not only this, if any untoward incident happens with the policyholder before the maturity period or he dies prematurely, then in such a situation there is a provision to give up to Rs 10 lakh to the family members and the family members will not have to pay the premium. On completion of the maturity period of the policy, the nominee will be given the full amount of Rs 27 lakh.

To avail LIC’s Kanyadaan policy, you will have to provide your Aadhaar Card or any other identity proof, income certificate, residential proof, passport size photo, daughter’s birth certificate.

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Prime Minister Narendra Modi started this scheme in December last year. The name of this scheme is Bima Sakhi, which has been started by Life Insurance Corporation of India (LIC) to empower women financially.

The aim of the Bima Sakhi scheme is to add 100,000 Bima Sakhis under the scheme within a year, so that rural women can be given an opportunity to become insurance agents, earn a livelihood and increase awareness about insurance in villages. The LIC Bima Sakhi scheme is expected to not only create new livelihood opportunities for rural women, but also improve insurance access in underprivileged areas of India.

By launching this scheme, LIC has taken an initiative to empower women and contribute towards the broader goal of financial inclusion. The scheme targets women aged 18 to 70 years who have studied at least up to class 10. LIC plans to enroll 100,000 Bima Sakhis in the next 12 months and 200,000 Bima Sakhis in three years as part of its women empowerment campaign.

The specialty of this scheme is that the women participating in this scheme will be given a fixed stipend for the first three years in addition to the commission earned from policy sales.

• The estimated monthly income for women will start from Rs 7,000.
• During the first year, individuals will receive Rs 7,000 every month.
• In the second year, the monthly payment will reduce to Rs 6,000.
• By the third year, the amount will reduce to Rs 5,000.

Women who achieve or exceed sales targets will be given additional commission based incentives.

Freedom to work is given under this scheme. Also, training will be provided to the agents by LIC. By enrolling in the program, women will receive special training and financial literacy support for the first three years. Graduation Bima Sakhis will get the opportunity to work as LIC agents and they may also be eligible for the role of development officer within the company.

Who can apply?

Women between the ages of 18 and 50 are eligible to apply for this program. The minimum eligibility is 10th pass and women living in rural areas will be given preference. Relatives of existing agents and employees will be considered ineligible in this scheme.

How to apply online?

Candidates can submit their applications online. Registration details and application form are available on the official LIC website. You can apply with your documents.

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The name of this scheme is LIC Aadhaar Shila Plan. In this plan, you get huge benefits in the long term.

LIC Aadhar Shila Scheme is a non-linked, individual life insurance scheme. This scheme has been specially designed for women. On the maturity of this policy, the investor gets a fixed amount from LIC. To invest in this, the age of the woman should be between 8 to 55 years.

If the policyholder dies before the completion of the policy, then in such a situation the family gets financial assistance. Only physically healthy people can invest in this scheme.

Under the Aadharshila policy, the basic sum assured under LIC Aadharshila plan is minimum Rs 75,000 and maximum Rs 3,00,000. In this plan, you get the option of monthly, quarterly, half yearly and yearly payment of premium.

The maximum age of maturity in this scheme is 70 years. This means that the age of the policy holder at the time of maturity should not be more than 70. A lump sum amount is received on maturity.

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In such times, only pension comes in handy, but it is necessary to arrange for it after joining the job. If we tell you to deposit money today and get a pension of Rs 1 lakh fixed every year, then there will be no need to reach out to anyone else for your needs in old age.

LIC’s Jeevan Shanti plan is very popular among all the pension plans available in the market. Because, by investing lump sum money in this, you can be free from the worry of old age. Let us know the features related to LIC’s New Jeevan Shanti plan and the terms and conditions related to buying the policy.

Pension starts only after 1 year of investment.

LIC has prepared the new Jeevan Shanti plan keeping in mind the needs related to pension in old age. The special thing is that this is a deferred annuity plan, in which you can decide the pension amount at the time of investing and you start getting pension every month only after a fixed period of at least 1 year.

Features of New Jeevan Shanti Plan:

Any person in the age group of 30 years to 79 years can invest in LIC’s New Jeevan Shanti Plan. There is no maximum limit on investment in this. Since it is a deferred annuity plan, there is an option to receive pension after a period of 1 to 12 years after investing in it. The special thing is that in this scheme, there is a facility to get pension in both single life and joint life, that is, if you want, you can buy New Jeevan Shanti Plan in your name or in the name of yourself and your spouse. After this both husband and wife will get pension. There is no risk protection in this plan, so if the policyholder dies during this period, the money deposited in his account along with some additional amount goes to the nominee.

Up to 14 percent interest

is available from 6 to 14 percent interest in the New Jeevan Shanti Plan of Life Insurance Corporation of India. At the same time, there are 4 options for getting pension, these include annual, half-yearly, quarterly and monthly options. Suppose you are 55 years old and you deposit 11 lakh rupees lump sum in New Jeevan Shanti Yojana and want to get pension after 5 years i.e. from the age of 60 years, then you will get more than 1 lakh rupees pension every year.

On the other hand, if you want it in half yearly, then 49911, 24701 in quarterly and 8149 rupees pension is included in every month. The minimum investment in this policy is Rs 1.5 lakh while there is no maximum limit.

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