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Home Personal Finance LIC Jeevan Lakshya Scheme: Deposit a monthly premium of Rs 3600, you...

LIC Jeevan Lakshya Scheme: Deposit a monthly premium of Rs 3600, you will get a profit of Rs 26 lakh on maturity, Details here

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LIC Scheme: Secure the future of the family with guaranteed returns, get sum assured up to Rs 22 lakh, know scheme details

Kanyadan policy is a customized version of LIC’s Jeevan Lakshya Scheme. By investing in this, you can be free from all the worries about the daughter’s future.


In today’s time, of course, there are many investment options available, but people’s trust on Life Insurance Corporation of India (LIC) is still intact. If you are the father of a daughter and are worried about her future, then you must know about the Kanyadan policy of LIC. If you invest 3600 rupees every month in this policy with the birth of a girl child, then by the time of her marriage you will get 26 lakh rupees.

Kanyadan policy is a customized version of LIC’s Jeevan Lakshya Scheme. In this, if you pay premium for 22 years, then after 25 years the scheme matures and you get Rs 26 lakh. That is, if you start investing in this scheme in time, then you can be free from all the worries about the future of your daughter. Know other things related to the scheme.

Daughter’s father is account holder

The account holder of this scheme is the father of the daughter. The policy term is 13-25 years. You can choose the term according to your choice. To take the policy, the age of the girl child should be 1 year to 10 years and her father’s age should be minimum 18 years and maximum 50 years. And the maximum age of maturity is 65 years. You can pay the premium monthly, quarterly, half yearly and annually.

Can increase or decrease the amount of premium

It is not that you have to pay a monthly premium of Rs.3600 only for this policy. If you cannot invest this much amount every month, then you can also take a plan with a lower premium than this. On the other hand, if you want, you can also buy more premium. This benefit is available when the policy matures according to your premium. But if you take a term plan of 25 years and pay a monthly premium of Rs 3600 for 22 years, then after 25 years you get Rs 26 lakh.

Maturity benefits

Talking about the maturity benefit of the policy, the policy holder will get the benefit of simple revisionary bonus along with sum assured if he is alive. Apart from this, the benefit of additional bonus is also available. Apart from this, the benefit of loan is also available after three years of purchasing the policy. Deduction is available under 80C on depositing the premium and maturity amount is tax free under section 10D. The limit of Sum Assured for the policy starts from a minimum of Rs.1 lakh and there is no maximum limit.

Death benefits also included

If the father dies after some time of taking this policy, then his family does not need to pay this policy. In this case, the premium is waived off and the policy continues to run free of cost. At the time of maturity, the entire amount is given to the nominee. Also, the daughter gets 10% of the Sum Assured every year during the remaining years of the policy. If the death of the beneficiary is due to an accident, Rs 10 lakh is given to the family and if it is a natural death, then Rs 5 lakh is given.

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