LIC Kanyadan Policy 833 Maturity Calculator: Secure Your Daughter’s Future
Planning for your daughter’s future is one of the most important financial decisions a parent can make. The LIC Kanyadan Policy is a specially designed life insurance and savings plan that helps parents accumulate funds for their daughter’s marriage and education. This policy ensures financial security, even in the unfortunate event of the policyholder’s demise.
What is the LIC Kanyadan Policy?
The LIC Kanyadan Policy is not an official standalone policy offered by LIC but a customized combination of LIC’s Jeevan Lakshya policy with certain benefits tailored for daughters. It provides a mix of insurance coverage and investment returns to help parents build a substantial corpus for their daughter’s future needs.
The following is the LIC Kanyadan Policy 833 Maturity Calculator:-
LIC Kanyadan Policy Calculator
Key Features of LIC Kanyadan Policy:
- Financial Security: In case of the unfortunate demise of the policyholder, the family receives a lump sum amount.
- Premium Waiver: No need to pay future premiums if the policyholder passes away.
- Maturity Benefits: A lump sum amount is paid at the end of the policy term.
- Annual Benefits: In case of the policyholder’s death, an annual payout is given to the nominee.
- Flexible Premium Terms: Policyholders can choose premium payment terms of 6, 10, or 15 years.
- Tax Benefits: Premiums paid under this policy are eligible for tax benefits under Section 80C of the Income Tax Act.
How Does the LIC Kanyadan Policy 833 Maturity Calculator?
The LIC Kanyadan Policy Calculator is an online tool that helps parents estimate the amount they need to save, premium payments, and maturity benefits based on their financial goals. By entering details like age, sum assured, and policy term, users can get an approximate idea of their premium and returns.
Steps to Use the Calculator:
- Enter the age of the policyholder.
- Select the sum assured (the amount you want to receive at maturity).
- Choose the policy term and premium payment term.
- The calculator will show estimated premiums, maturity amounts, and benefits.
To Get More Information about LIC Kanyadan Policy 833 Maturity Calculator:-
Conclusion
The LIC Kanyadan Policy is an excellent option for parents looking to secure their daughter’s future financially. With the help of the LIC Kanyadan Policy Calculator, parents can get an accurate estimate of the premiums and maturity benefits, making financial planning easier and more effective. Consider investing in this plan to ensure a bright and secure future for your daughter.
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