LIC Kanyadan Policy For The Future Of Your Daughter
Updated: 08-01-2026 at 3:30 PM
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The Life Insurance Corporation of India (LIC) is the country’s largest and most trusted insurance provider, offering a wide range of policies for children, youth, adults, and senior citizens. Among these, LIC has introduced certain schemes that are specially designed to support parents in securing their daughters’ future.
In Indian households, parents often begin planning for their daughter’s education, financial independence, and marriage expenses from a very early stage. Rising education costs and wedding expenditures can create long-term financial pressure if not planned properly. To address this concern, LIC offers a dedicated solution known as the LIC Kanyadan Policy, which helps parents build a strong financial foundation for their daughter over time.
This policy combines life insurance protection with disciplined savings, ensuring that a daughter’s future remains secure even in the absence of the parent. Let us understand the policy in detail, including eligibility, benefits, premium structure, and payout options.
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What Is The LIC Kanyadan Policy?
The LIC Kanyadan Policy is not a separate standalone policy launched officially under that name. Instead, it is a customised version of LIC’s traditional life insurance plans, primarily structured around LIC Jeevan Lakshya or LIC Jeevan Laxmi, and marketed by LIC agents as a daughter-focused savings plan.
Under this policy, parents invest a fixed premium regularly, and the accumulated amount is paid out at maturity to support major life milestones such as higher education or marriage. Along with savings, the policy also provides life cover, ensuring financial protection for the child in case of the parent’s untimely death.
Parents looking for complete Lic kanyadan policy details often choose this plan because it balances affordability, long-term savings, and risk coverage in a single structure.
Why Parents Prefer LIC Kanyadan Policy for Daughters?
Parents choose this policy mainly because it addresses emotional as well as financial responsibilities. It allows families to plan gradually instead of arranging large sums at the last moment.
Some common reasons parents opt for this plan include:
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Financial security even if the policyholder passes away.
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Flexible premium payment options.
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Guaranteed maturity benefits with bonuses.
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Tax benefits under the Income Tax Act.
Many parents also review the LIC Kanyadan Policy list offered by agents to select a structure that best suits their income and goals.
What Is The Eligibility Criteria For The LIC Kanyadan Policy?
The parents taking the policy must meet the following eligibility criteria to apply for the Kalyadan Policy.
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The policyholders must be between the ages of 18 and 50 years.
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The age of the daughter must be a minimum of 1 year.
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The basic sum assured must be 1 lakh.
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The maximum maturity age should be 65 years.
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The policy term must be between 13 to 25 years.
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The payment option must be either monthly, quarterly, half-yearly, or yearly.
These conditions are clearly mentioned in the LIC Kanyadan policy PDF, which is usually provided by LIC agents during policy explanation.
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What Are The Benefits Of LIC Kanyadan Policy?
The Kalyadan Policy offers various benefits to the daughters of the policyholders. Let’s take a look at the different benefits.
During Death
In the unfortunate event that the policyholder passes away during the policy term, the family becomes eligible for a death benefit.
The payout is calculated as the higher of:
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7 times the annual premium, or
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110% of the Basic Sum Assured.
Depending on the chosen structure, the death benefit may be paid as a lump sum or as regular annual payments. This ensures that the daughter’s education or marriage plans are not disrupted due to financial hardship.
Maturity Benefit
If the policyholder survives the entire policy term, the maturity benefit is paid at the end of the policy.
This includes:
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The Basic Sum Assured.
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Simple Reversionary Bonuses, if declared.
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Final Additional Bonus, if applicable.
Parents often estimate maturity values using the LIC Kanyadan policy premium and maturity calculator to align payouts with future expenses.
Assured Protection
If the policyholder of the LIC Kanyadan Policy passes away, all future premium payments are cancelled, meaning the family won't have to pay any more premiums. This helps reduce their financial burden.
Additionally, if the parent dies in an accident, the policy immediately pays Rs. 10 lakh to the family. If the death is due to natural causes, the family will receive Rs. 5 lakh. To support the family even further, the policy provides Rs. 50,000 every year until the policy matures.
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Premium Waiver Benefit
One of the most important features of the LIC Kanyadan Policy is premium waiver.
If the policyholder dies during the policy term:
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All future premiums are waived.
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The policy continues until maturity.
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The daughter still receives the full maturity benefit.
This feature ensures uninterrupted financial security even during emotional and financial crises.
Flexible Payouts
Under the LIC Kanyadan Policy, the insured person can choose how they want to receive the death benefit or maturity benefit. They can get it as a lump sum or in smaller instalments over time. These instalments can be paid monthly, quarterly, half-yearly, or yearly, providing a steady income flow based on their preference.
Loan Facility
The policyholder can take a loan under this policy, but only if they’ve paid at least two years of premiums in full. The loan amount depends on the policy status, so they can borrow up to 80% of the surrender value if the policy is paid, and up to 90% if the policy is still active.
Tax Benefits
The LIC Kanyadan Policy falls under Section 80C of the Income Tax Act, 1961. This means that the policyholders can claim tax deductions on the amount deposited as the premium. Tax benefits can be claimed on investments up to Rs. 1.5 lakhs under Section 80C of the Income Tax Act.
LIC Kanyadan Policy Calculations and Planning Tools
To help parents make informed decisions, LIC and agents provide multiple planning tools.
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The Lic kanyadan policy calculator helps estimate premiums.
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The LIC Kanyadan Policy 833 maturity calculator is commonly used for low-premium scenarios.
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The LIC Kanyadan policy premium and maturity calculator gives a long-term projection.
Using these tools allows parents to align policy maturity with their daughter’s age milestones.
Things Parents Should Keep in Mind Before Buying
While the policy offers several benefits, parents should evaluate the following:
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Returns depend on bonuses, which are not guaranteed.
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It is a long-term commitment and requires regular premium payments.
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It is primarily a traditional insurance-cum-savings plan, not a high-return investment.
Reading the LIC Kanyadan policy PDF carefully helps avoid confusion and sets realistic expectations.
Conclusion
The LIC Kanyadan Policy offers parents a structured and disciplined way to plan for their daughter’s future. By combining insurance protection, savings, flexible payouts, and tax benefits, it helps families prepare for major life expenses such as education and marriage without financial stress.
Whether parents are exploring the LIC Kanyadan Policy list, reviewing the LIC Kanyadan Policy premium chart, or calculating future benefits using the Lic kanyadan policy calculator, this policy remains a trusted option for long-term planning.
Starting early ensures lower premiums, higher benefits, and peace of mind, allowing parents to focus on giving their daughter the best opportunities in life.
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