LIC Kanyadan Policy Details-False Scheme, No Such Plan Launched by LIC

LIC Kanyadan Policy Details: False Scheme, No Such Plan Launched by LIC

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Detail of LIC Kanyadan Policy. LIC Kanyadan Policy or Plan is a False Scheme. No Such Plan named LIC Kanyadan Policy has been Launched Officially by the Life Insurance Corporation of India (LIC).

“LIC Kanyadan Policy” is a false scheme that has been circulating on the internet and social media and other platforms. The Life Insurance Corporation of India (LIC), which is the largest life insurance company in the country, has not launched any such policy under the name “LIC Kanyadan Policy.”

Truth of LIC Kanyadan Policy

“LIC Kanyadan Policy” is a term that is often used by some agents and customers to refer to a life insurance policy that can be purchased for the purpose of securing a daughter’s future marriage expenses. However, it is important to note that there is no such policy officially launched by the Life Insurance Corporation of India (LIC) under the name of the “LIC Kanyadan Policy.”

The concept of “Kanyadan” is a cultural practice in India, where parents give away their daughter to the groom during the wedding ceremony. The term “Kanyadan” literally means giving away the daughter as a gift. In this context, some insurance agents might use the term “LIC Kanyadan Policy” to market a policy that is designed to help parents save for their daughter’s future wedding expenses.

It is important to be cautious about such schemes and not fall for fraudulent schemes that are designed to deceive people. It is advisable to always verify the authenticity of any scheme or policy before investing in it.

The Life Insurance Corporation of India offers a range of policies that cater to the different needs of individuals. These policies include term insurance, endowment plans, money-back plans, ULIPs, and pension plans, among others. LIC has a strong presence in the Indian insurance market and has been a trusted brand for over six decades.

LIC Policy for Daughter’s Future

For individuals looking for a policy specifically designed for their daughter’s future, LIC offers several policies that can be beneficial. These policies can help individuals create a corpus of funds that can be used for various purposes such as higher education, marriage, or starting a business.

Some of the policies offered by LIC that can be suitable for a daughter’s future include:

LIC New Children’s Money Back Plan: This plan is designed to provide financial security to children in case of any unfortunate event. The policy provides survival benefits at regular intervals, and in case of the death of the insured, the nominee receives the sum assured along with any accrued bonuses.

LIC Jeevan Tarun Plan: This plan is a non-linked, with-profits, and limited premium payment policy that provides financial assistance for education, marriage, or any other need of the child. The policy provides survival benefits at specific intervals, and the policyholder can choose the maturity benefit payout option.

LIC Jeevan Lakshya Plan: This plan is a non-linked, with-profits, and limited premium payment policy that provides financial assistance to the policyholder’s family in case of their unfortunate demise. The policy provides survival benefits at specific intervals, and in case of the death of the policyholder, the nominee receives the sum assured along with any accrued bonuses.

Conclusion

In conclusion, the “LIC Kanyadan Policy” is a false scheme that does not exist. Individuals looking for a policy to secure their daughter’s future can consider the policies offered by LIC that are specifically designed for children’s education, marriage, or other needs. It is always advisable to verify the authenticity of any policy or scheme before investing in it.

Frequently Asked Questions (FAQs)

Q: Is there any ‘LIC Kanyadan Policy’?

Ans: No, there is no such policy officially exists named ‘LIC Kanyadan Policy’.

Q: Is there any ‘LIC Kanyadan Policy’ officially launched by LIC?

Ans: No, there is no such plan or policy named ‘LIC Kanyadan Policy’ officially launched by LIC.

Q: Is there any plan under LIC for the daughter’s future?

Ans: Yes, LIC Jeevan Lakshya Plan, LIC New Children’s Money Back Plan, LIC Jeevan Tarun Plan, etc are some plans for daughter’s/children’s future. For more details please visit the Official Website of LIC.

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