Kanyadaan, education planning for Girl child
Kanyadaan, education planning for girl child to ensure proper education and returns till she gets married. LIC Jeevan Lakshya plan is with all benefits which a parent wants for his child till marriage. Child education and marriage planning are getting costlier year on year. Planning from early date of child. would allow parents to accumulate a decent amount for his/her education and other things.
Kanyadaan policy is the best gift a father can give to his daughter immediately on birth. This plan is unique in the industry. Kanyadaan plan for girl child is designed keep the needs of child education and marriage.
Parents’ want to give the best future for their child. Saving a single rupee for their child’s education and future, some time they fail to live. Plan the best for your child and live happily.
Kanyadaan Policy ensures education and marriage of Policy holder’s child with guaranteed returns as per policy benefits from time to time even though any eventuality happens to the policyholder.
Kanyadaan and education planning for girl child policy features :
LIc Jeevan Lakshaya is well designed for the child’s education and marriage, this policy has following important features:
This plan is gives better benefit than Sukanya Samriddhi because this plan is a Insurance and Investment plan with financial support for the spouse to take care of the child education and marriage.
Kanyadaan planning would be suitable for both girl and boy child as this policy takes care of completed education and marriage planning.
Mr Kumar at 31 years insures himself under this policy for Rs. 5 lakhs sum assured for 20 years premium paying term 17 years.
- He pays : Rs. 28,988/-
On maturity :
- Returns at 20th year : Rs. 9,85,000/- approx.
This policy gives him a guaranteed returns of Rs. 9,85,000/- approx. on maturity at 20th year.
In case of any eventuality :
- God forbid the policyholder expires, the premium is totally waived off for the remaining period.
- In case of Accidental death, immediate Rs.10 Lakhs would be paid to the guardian if the nominee is minor.
- Normal death one sum assured Rs.5,00,000/- would be paid
- Remaining years, 10% of Sum assured i.e Rs. 50,000 every year till maturity year.
- On maturity once again one Sum Assured with bonus would be paid.
This plan gives Insurance cover from day one and till day of maturity making most safe and secured to invest for children education and marriage planning.
Benefits of LIC Kanyadan policy
- Kanyadaan plan is a perfect mix of life insurance + money back plan in case of any eventuality.
- Being a guaranteed returns plan, there is no rise from fall of markets and interest rate fluctuation, this would be a perfect gift for your child and best support for your spouse.Income Tax benefits :
- All premiums paid under this plan are exempted under section 80 C of Income Tax Act.
- Any returns by way of any death benefit is exempted from Tax under section 10 (10 D) of Income Tax Act.