Fact Check: Have you also bought LIC's 'Kanyadaan' policy, know the reality or else money will be lost

Fact Check: Have you also bought LIC’s ‘Kanyadaan’ policy, know the reality or else money will be lost


new Delhi. LIC, the country’s largest and trusted life insurance company, has warned customers not to invest money in the ‘Kanyadaan’ policy being sold in its name. This policy, which claims to raise funds for the daughter’s wedding, has been in the news for quite some time now.

LIC tweeted recently that no such policy is being sold by the company. LIC said in its tweet, ‘There is some inappropriate and misleading information on online / digital platforms, saying that LIC is offering ‘Kanyadaan Policy’. LIC would like to officially clarify that the company is not offering any policy of this name.

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People were getting trapped in the tempting scheme

In the past, big claims were being made about this policy on the online platform. It was said that by making a small investment of Rs 130 daily in the policy, you can collect a huge corpus of Rs 27 lakh till the daughter’s marriage. Due to this many people were getting trapped in this tempting scheme. Now LIC has said that you can get information about any of our products by visiting https://licindia.in/ link. We will not guarantee if you buy any policy other than this.

Policy was being sold according to age

Sellers of LIC ‘Kanyadaan’ policy claimed that the age of the father should be above 30 at the time of purchase, while the age of the daughter should be more than 1 year. That is, you could start investing in this policy when the daughter turns 1 year old. In this, different policies are available according to the age of father and daughter.

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Deposit up to 22 years and maturity in 25th year

It was claimed in the policy that you have to invest in it only for 22 years, while you will not have to invest any money for three years, still you will continue to get interest. The maturity of the policy will be in the 25th year. According to this, if you deposited Rs 4,530 every month, then on maturity you were claimed to get Rs 31 lakh.

Tags: Fraud, Life Insurance, Life Insurance Corporation of India (LIC)


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