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Raising a daughter comes with dreams, responsibilities, and careful financial planning. Whether it’s her higher education or marriage, preparing a financial safety net today ensures she doesn’t face uncertainties tomorrow. To help parents with this crucial goal, Life Insurance Corporation (LIC) offers the Kanyadan Policy — a tailor-made plan designed to build a corpus of ₹27 lakh through small, daily savings of just ₹121.

In this blog, we’ll explore how the LIC Kanyadan Policy works, what benefits it offers, and how it can become a game-changer for your daughter’s future.


🧾 What is LIC Kanyadan Policy?

The LIC Kanyadan Policy is not a separate policy but is based on LIC Jeevan Lakshya. It has been packaged and promoted with a focus on financial planning for a daughter’s marriage or higher studies.

It is a participating, non-linked life insurance plan that offers annual income support in case of the father’s death, waiver of premium, and a lump sum maturity amount at the end of the policy term.


💡 Why Choose the Kanyadan Policy in 2025?

  • ✔ Daily savings of just ₹121 can result in ₹27 lakh
  • ✔ Protects your daughter’s financial future
  • ✔ Life insurance coverage included
  • ✔ Waiver of premium on the father’s demise
  • ✔ Tax benefits under Section 80C & 10(10D)
  • ✔ Maturity amount at the end of the term
  • ✔ Fixed returns with bonus additions

📊 LIC Kanyadan Policy – Example Calculation

Let’s understand with an example:

  • Daily Saving: ₹121
  • Monthly Saving: ₹3,630
  • Annual Premium: ₹43,560
  • Policy Term: 25 years
  • Age of Daughter: 1 year
  • Sum Assured: ₹10 lakh + Bonuses
  • Expected Maturity Amount: ₹25–27 lakh

If the father passes away during the policy term:

  • All future premiums are waived off
  • LIC continues the policy
  • Annual income of ₹50,000 till maturity
  • ₹27 lakh is paid on policy maturity

This makes it a life-insurance-backed savings plan for your daughter’s milestones.


🔍 Key Features of LIC Kanyadan Policy

  1. Entry Age: 18 to 50 years (father)
  2. Policy Term: 13 to 25 years
  3. Premium Paying Term: Policy Term – 3 years
  4. Minimum Sum Assured: ₹1 lakh
  5. Premium Frequency: Monthly, Quarterly, Half-Yearly, Yearly
  6. Loan Facility: Available after 3 years
  7. Surrender Value: Available after 3 premium payments
  8. Bonus: Simple reversionary bonus + Final addition bonus

This flexibility allows you to choose a plan that suits your income and financial goals.


📈 Benefits of LIC Kanyadan Policy

1. ✅ Maturity Benefit

At the end of the policy term, you or your daughter will receive:

  • Sum Assured + Accumulated Bonuses
  • Ideal for marriage, education, or business startup

2. ✅ Death Benefit

In the unfortunate event of the policyholder’s (father’s) death during the term:

  • Immediate lump sum death benefit to nominee
  • Premiums waived off
  • ₹50,000/year paid till policy maturity
  • On maturity, ₹27 lakh still paid to daughter

This ensures the plan continues even after the breadwinner is gone.

3. ✅ Premium Waiver Benefit

On death of the policyholder, all future premiums are waived, and LIC continues to fund the policy — a unique security feature for the girl child.

4. ✅ Loan Facility

Need emergency funds? You can avail a loan against the policy once it has acquired surrender value after 3 years.

5. ✅ Tax Benefits

  • Premiums paid are eligible under Section 80C
  • Maturity amount is tax-free under Section 10(10D)
  • Death benefits are also tax-free

🎯 How to Buy LIC Kanyadan Policy?

LIC agents and branch offices can help you set up a plan. Here’s what you need:

  • Age proof (Aadhaar, PAN, etc.)
  • Daughter’s birth certificate
  • Recent passport-sized photos
  • Bank account details
  • KYC documents

Choose a plan with the right term and premium to match your daughter’s age and your financial goals.


📌 Eligibility Criteria

CriteriaDetails
PolicyholderFather (age 18–50 years)
Daughter’s AgeShould be under 10 years
Policy Term13–25 years
Minimum PremiumStarts from ₹121/day
Sum Assured₹1 lakh to ₹10+ lakh

Pros and Cons Summary

✔ Pros:

  • Small daily savings turn into a big fund
  • Security with life insurance
  • Guaranteed returns with bonus
  • Ideal for long-term goals
  • Peace of mind in case of an untimely death

❌ Cons:

  • No market-linked returns (like mutual funds)
  • Early surrender may result in low value
  • Not flexible like SIPs or ULIPs
  • Only the father can buy it — not mother or guardian

🏁 Final Verdict: Is LIC Kanyadan Policy a Good Investment for Your Daughter?

If you are looking for a safe, disciplined, and guaranteed saving scheme specifically designed to support your daughter’s higher education or marriage, the LIC Kanyadan Policy is a solid option.

It combines:

  • ✔ Life insurance
  • ✔ Fixed maturity returns
  • ✔ Bonus benefits
  • ✔ Protection for your daughter’s dreams

Saving just ₹121 a day can give your daughter ₹27 lakh or more at a crucial stage in life — all while ensuring that your absence does not impact the plan.

🔔 Pro Tip:

Start this policy early — when your daughter is 1–3 years old — to get maximum maturity benefits with lower premiums.

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