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What is the policy of the Lic Kanyadan? What are the advantages of it?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on December 10,2023

LIC Kanyadan is a sales pitch of LIC Jeevan Lakshya Plan because it has emotional appeal with India Family .

You can save for your daughter with promise of guaranteed fulfilment whether you are live or not .

For example , you are 35 year old with 5 year old daughter and you want to save Rs 1 lakh for 20 year . If you survive then your daughter get approx Rs 42 lakh on maturity at age 25 .

If you die , then your daughter will get approx Rs 200000 per year till age 25 along with Rs 42 lakh at age 25 .

It is a good plan for future financial security of daughter .

 

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