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Increasing expenses on marriage and education have increased the worries of parents these days. You can alleviate these major future concerns by joining an LIC policy. The Kanyadan policy, also known as the Jeevan Lakshya plan, helps parents ensure financial security for their daughters' education and marriage.

LIC Insurance Advisor Kedar Kumar explained that this policy is the most reliable option for parents looking to invest in their daughter's future over time. Policyholders have the option to pay monthly, quarterly, half-yearly, or annual premiums. By paying ₹3,596 as a monthly installment, policyholders can receive approximately ₹27 lakh for their daughter's marriage and education in the future. If premiums are paid quarterly, half-yearly, or yearly, they will have to pay ₹10,787, ₹21,340, and ₹42,209, respectively.

Premiums are waived upon the father's death.
He explained that this plan provides parents with financial security for their daughter's education and marriage. The policy term ranges from 13 to 25 years, with premiums paid until the age of 22. Upon the father's death, the family receives a death benefit, and future premiums are waived. At maturity, the sum, including bonuses, can be received to the tune of approximately ₹27 lakh. Under the scheme, the father must be between 18 and 50 years of age and the daughter must be at least 1 year old.

Along with financial security, the future is in safe hands.
Kedar Kumar explained that this LIC plan not only provides financial security but also gives parents the mental satisfaction of knowing their daughter's future is in safe hands. Through the Kanyadaan policy, parents can create timely funds for their daughter's education and marriage and avoid unexpected future expenses.

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