Can I pay LIC premium for my daughter?

Life insurance can be bought for any number of children, irrespective of whether they are major, minor, married/unmarried. An individual can only claim tax benefit under Section 80C of the Income Tax Act, 1961, on life insurance policy(s) bought in the name of self, spouse or children.

Which LIC plan is best for new born?

LIC’s New Children’s Money Back plan is one of the best new born baby plan offered by LIC. It is a participating, non-linked money back policy that is designed to cater to the needs of a growing child – educational, marriage, etc. Through survival benefits.

What is the LIC kanyadan policy?

LIC Kanyadan policy provides financial freedom and stability to your daughter in terms of her education, marriage and meeting milestones in life. If the individual dies within the LIC Online LIC policy premium term, 10\% of the Sum Assured is payable every year up to 01 year from the date of maturity.

What is the best policy for children’s?

Best Child Plans in India

What is age limit for kanyadan policy?

Eligibility Conditions and Other Restrictions