In today’s world, financial planning is crucial, especially when it comes to family responsibilities. One of the biggest concerns Indian parents often carry is about their daughter’s marriage—an event traditionally associated with significant expenses. But what if we told you there’s a smart way to ease that burden?
Here’s something that can bring a sigh of relief to thousands of parents: the LIC Kanyadan Policy, introduced by the Life Insurance Corporation of India (LIC), is specifically designed to help parents secure their daughter’s future. With disciplined planning and a small monthly investment, you could potentially create a corpus of over ₹27 lakhs.
This is a special insurance-cum-savings scheme launched by LIC to support the financial planning of a girl child’s future, especially focused on her marriage and higher education. The policy combines insurance coverage with long-term investment benefits, ensuring both protection and savings.
Under this policy, if you invest as little as ₹121 daily—which is approximately ₹3,630 per month—you can accumulate a fund of ₹27 lakhs or more by the time your daughter turns marriageable age.
Minimum Daily Investment: ₹121
Maturity Amount: Up to ₹27 lakhs (based on tenure and bonuses)
Policy Tenure: 13 to 25 years
Premium Payment Term: Shorter than policy term (for example, pay for 20 years, policy matures in 25)
Risk Cover: In case of the father's unfortunate demise, no future premiums are required, and LIC will continue the benefits
Tax Benefits: Enjoy deductions under Section 80C and 10(10D) of the Income Tax Act
Let’s say you start investing ₹121 per day when your daughter is 5 years old. Over a period of 25 years, including bonuses and loyalty additions by LIC, your total maturity amount could cross ₹27 lakhs.
More importantly, it offers financial security even in the absence of the father, ensuring that the daughter’s dreams are never compromised due to unforeseen circumstances.
This plan is ideal for parents with young daughters who wish to plan early for their marriage or higher studies without financial strain. It's especially beneficial for middle-class families looking for low-risk, long-term financial solutions.
The LIC Kanyadan Policy is more than just a savings plan—it's peace of mind for the future. In a world where inflation continues to rise and expenses for weddings and education grow every year, planning ahead is not just smart, it's necessary.
With just ₹121 a day, you can turn dreams into reality. Speak to an LIC advisor today and explore how you can build a secure and bright future for your daughter.
