LIC Kanyadan Policy and Sukanya Samriddhi Yojana are two such programs that provide financial help to Indian parents of girl children. Let us tell you how much you can take advantage of both these schemes.
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Girls and women were mostly not given rights or opportunities. But this is slowly changing, and there is a need to treat girls equally and give them equal opportunities in the society. LIC Kanyadaan Policy And Sukanya Samriddhi Yojana There are two programs that provide financial assistance to Indian parents of girls. Let us tell you that Sukanya Samriddhi Plan and LIC Kanyadan Policy What are the differences between So that you can decide which program is best for you and your child.
Sukanya Samriddhi Yojana
Sukanya Samriddhi Yojana, a program was introduced by the Prime Minister of India in 2015 under the Beti Bachao Beti Padhao initiative. The objective of this program is to provide a safe and secure financial foundation to the female child so that her future is secure.
Features of Sukanya Samriddhi Yojana
- Parents can do Sukanya Samriddhi Yojana account registration for their daughter below 10 years of age.
- The annual interest rate in this is 7.6 percent.
- Monthly deposits in SSY can be as low as Rs 250 to Rs 1.5 lakh.
- Only a maximum of two Sukanya Samriddhi Yojana accounts can be opened in each family.
lic kanyadan policy
LIC Kanyadan policy is a customized version of LIC Jeevan Lakshya policy. Both saving and protection services are provided in LIC Kanyadan policy. LIC’s Kanyadan policy offers financial protection with low premium payment.
- Features of LIC Kanyadan Policy
- When a policy holder dies, his premium is waived off.
- In case of death in an accident, Rs 10 lakh is given immediately.
- In the situation of natural death, Rs 5 lakh is given immediately.
- 50,000 is paid annually till the maturity date.
- Life risk protection is for a period up to three years before maturity.
- Both Indian residents and NRIs can use this service.
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