Today 26 September is International Daughters Day. Today, if such a gift is given to the daughter as a gift, which will help in making her future. So today we will talk about one such insurance policy of Life Insurance Corporation of India. There is such a policy of LIC which gives benefits in two ways. Its name is LIC Jeevan Lakshya policy. The specialty of this policy is that it has features like LIC Kanyadan Policy. Kanyadan means daughter’s marriage. This policy can also be purchased to meet the education expenses of the children.
A substantial amount is available at the time of maturity of this policy, from which large expenses can be met. This policy is for the people between the age group of 18 to 50 years. Hence, there is more benefit in taking the policy in the name of the adult policy holder. Taking it in the name of the child will not serve the purpose. The death benefit clause of this policy makes it more helpful in securing the future of the child.
According to Personal Finance Expert and CA Rakesh Singh, the minimum sum assured in LIC Jeevan Lakshya policy is Rs 1 lakh. There is no maximum list in this. The premium term is 13 to 25 years. If an investor takes a policy for 25 years, the premium term will be 22 years. This premium can be opted on yearly, half yearly and monthly basis.
What a great gift it would be to take a life insurance policy for your daughter on this day. You can understand its value very well. LIC Jeevan Lakshya policy is a very good policy which you can gift to your daughter. And can give protection to his future.