The LIC Kanyadan Yojana is a life insurance and savings plan for daughters' future. Investing in this plan can help create a substantial fund for their marriage and education. You can start with an investment of ₹121 per day, which will accumulate to ₹3,600 per month and result in a corpus of up to ₹27 lakh over a period of 25 years. It also offers tax benefits, insurance coverage, and loans.
LIC Jeevan Utsav is a non-linked, non-participating, individual savings and whole life insurance plan that provides life insurance cover and regular income to the policyholder.The plan is available for individuals aged 90 days to 65 years, and the premium payment term can be chosen from 5 to 16 years. On survival, it provides 10% of the chosen sum assured as regular income (or flexi income benefit) for life, and provides financial support to the family in the event of unfortunate death.
