In India, you should be aware of the LIC policy for girl children.

Your daughter is covered by the LIC coverage. Unlike other policies, this one provides a safety net for your daughter's potential marriage and college expenditures. The LIC Girl Child Policy was developed by the Life Insurance Corporation of India (LIC) to aid parents financially. The Girl Child LIC Policy safeguards you from injury while also letting you to save until the conclusion of the term. As a consequence, with exceptionally low premiums and big amount assured options, it is a wonderful plan for parents. Continue reading for more information about the LIC Girl Child Policy.

LIC's Best Girl Child Insurance Plans

To protect your child's financial stability, LIC provides the following plans:

1. The LIC's New Money-Back Plan for Children

It's a standard non-linked Money Back scheme that necessitates your involvement. This strategy attempts to give rewards to parents in order to assist them save and invest for their children. It provides perks that allow you to save money for your child's wedding or school. This plan also provides risk coverage, allowing you to travel with peace of mind. If the life assured dies accidentally before the commencement of the risk period, the nominee will receive a sum equivalent to the return of premiums, rider premium, and any applicable taxes.If the life guaranteed survives the ages of 18, 20, and 22, the basic money pledged is paid out at a 20% rate. If the life insured survives the maturity age of the policy, they will get the SA as well as any other benefits that may be offered. If the life guaranteed survives the ages of 18, 20, and 22, the basic money pledged is paid out at a 20% rate. If the life insured survives the maturity age of the policy, they will get the SA as well as any other benefits that may be offered.

2. LIC Jeevan Tarun

It is a participation-based, non-linked plan with a low premium cost. It combines the advantages of a life insurance policy and a savings account into a single, easy-to-manage package. It was designed particularly to address the financial demands of a youngster. A parent may invest in this plan if they desire to financially aid their kid with schooling or other life goals. If a parent dies before the risk occurs, the beneficiary is entitled to the death benefit, which includes no extra premiums or incentives. If it occurs after the deadline, the receiver is entitled to the whole amount covered, as well as any reversionary incentives. The death benefit will be at least 125 percent more than the standard payout. If the kid reaches the legal age of 20, they will be entitled to a share of the money covered by the survival benefit, which will be distributed over the next four policy anniversaries. If the person insured survives to the policy's maturity age, they will get a maturity benefit as well as any extra benefits that may be offered.

3. Kanyadan Policy of LIC

Your daughter is covered by the LIC Kanyadan insurance. Unlike other policies, this one provides a safety net for your daughter's potential marriage and education expenditures. The Kanyadan Policy was developed by the Life Insurance Corporation of India (LIC) to aid parents financially.The Kanyadan Policy protects you while also allowing you to save money till the conclusion of the semester. As a consequence, it is a wonderful plan for parents, with exceptionally low premiums and a huge variety of guaranteed possibilities.

Conclusion

LIC is a financial services firm that provides three types of child insurance to assist women in saving and investing for the future of their children. These are investments that are both risk-free and rewarding. Child. In this case, children's insurance coverage may be advantageous. These agreements ensure the formation of a financial corpus regardless of whether the parent is alive or not. The LIC Girl Kid Plans are one such child insurance plan that might assist safeguard your child's financial future.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.