LIC Kanyadan Policy is a Non-linked Policy means it has no risk of Market
LIC KANYADAN POLICY
Each parents have dreams for their child marriage since he/she born and wish to do expense in his/her marriage as much as they can but unfortunately only 8% are able to do that because of following reasons :
1 - Didn't plan and Invest for it since starting
2 - Lack of Financial knowledge and forecasting
3 - Death of Bread Earner and so on......
But in LIC Kanyadan Policy all the risk are covered if parent will plan for it such as :
if everything is ok then he or she will get the lumpsum as per the plan when it is required and incase if something happen with the bread earner then in that case :
1 : - Insurance amount will be given to the nominee immediately for the financial support.
2 : - All the future premium will be waived off means family and Nominee will not get the burden of balance premium.
3 : - Survival Benefits means for child education, he/she will get the 10% of Basic Sum assured till balance term of the policy
4 : - At the End of the Term : - Nominee means your child will get the Maturity Amount for his/her Marriage which his parents has planned for their Marriage.