Take the worry out of life with kanyadan plan
Protect Your girl future
LIC kanyadan Policy is best gift for your daughter. It provides her financial benefits in education and Marriage.
LIC kanyadan Policy or also known as Jeevan Lakshya Plan. It is the perfect gift for your daughter which provides her financial benefits in education and Marriage. This plan provides for Annual Income benefit that may help to fulfill the needs of the family, primarily for the benefit of children,in case of unfortunate death of Policy Holder any time before maturity and a lump sum amount at the time of maturity independant of survival of the Policy Holder.
Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly (ECS)
13 to 25 Years
Premium Paying Terms (PPT):
(Policy Term – 3) Years
Minimum Entry Age:
18 Years Completed
Maximum Entry Age:
50Years (Nearest Birthday)
Maximum Maturity Age:
65 Year (Nearest Birthday)
Minimum Sum Assured:
Maximum Sum Assured:
NO LIMIT (Depending upon Income)
Maximum Accidental Death and Disability Benefit Rider up to age 65.
Benefits payable on death:
Sum Assured on Death + Bonuses and Final Additional Bonus, if any, shall be payable in following manner.
Annual Income Benefit equal to 10% of the Basic Sum Assured (till policy anniversary prior to date of maturity).
Assured Absolute Amount of 110% of Basic Sum Assured, payable (on due date of maturity).
Along with Bonuses and Final Additional Bonus, if any, on maturity. (on due date of maturity).
On survival Basic Sum Assured + Vested Bonus + FAB if any.
The Policy can be surrendered at any time during the policy term provided atleast 3 full years premiums have been paid.
Available after payment of premium of 3 full years.
Income Tax Benefit:
- Premium paid under this plan is eligible for TAX rebate under section 80c.
- Maturity under this plan is free under sec 10(10D).