If an investor starts investing in the LIC SIIP Plan from the age of 30 years for the next 25 years, then the maturity amount could stand at Rs 70 lakh.
Highlights
The scheme is named LIC Kanyadaan Policy.
The policy is specially curated to meet the needs of the future of the daughter, especially her marriage.
The minimum maturity period of the LIC Kanyadaan Policy is 13 years while the premium varies for different sum assured.
New Delhi: Life Insurance Corporation (LIC) is offering a unique scheme for guardians or parents of a daugher/s in which the state-owned firm is providing an option to deposit and grow money for her marriage.
The largest insurer in India has named the scheme - LIC Kanyadaan Policy. According to the company, the scheme is specially curated to meet the needs of the future of the daughter, especially her marriage.