LIC’s Kanyadan Yojana: Build a ₹27 Lakh Fund for Your Daughter’s Future with Just ₹121 a Day — All You Need to Know
Every parent dreams of seeing their daughter achieve great things — whether it’s pursuing higher education, building a successful career, or celebrating her marriage with pride and dignity. But rising education costs and the burden of wedding expenses often worry families, especially those with limited income.
To tackle this, the Life Insurance Corporation of India (LIC) offers a unique plan called the ‘Kanyadan Policy’, which helps you build a secure financial future for your daughter — and you can do it with just a small daily saving.
What is LIC’s Kanyadan Yojana?
LIC’s Kanyadan Yojana is a specially designed endowment policy that combines the benefits of life insurance and savings. It aims to help parents accumulate a significant fund for their daughter’s future milestones.
Whether it’s her dream to study abroad, get a professional degree, or have a respectable wedding — this scheme ensures that the lack of funds doesn’t become an obstacle.
Save Just ₹121 Per Day, Create ₹27 Lakh for Your Daughter
One of the best features of this plan is that you don’t need to make a big one-time investment. Instead, you can build a large corpus through disciplined small savings.
✅ Daily Saving: ₹121
✅ Monthly Saving: Approximately ₹3,600
✅ Policy Term: 25 years
✅ Premium Paying Term: Only first 22 years
✅ Maturity Benefit: Up to ₹27 lakh at the end of the term
So, for about the cost of an evening snack, you can gradually create a huge amount that can support your daughter’s big dreams. And the best part? You get a 3-year break at the end — you don’t pay any premium in the last three years of the policy term.
Financial Protection, Even If the Father Is Not There
Another reason why this policy stands out is the strong protection it offers in case of an unexpected tragedy. If the father, who is the policyholder, passes away during the term, the burden of paying the remaining premiums is taken over by LIC.
✅ LIC waives all future premiums — so your family doesn’t have to pay a single rupee further.
✅ If the father’s death is due to an accident, the family immediately receives an amount up to ₹10 lakh for financial support.
✅ Despite the loss, the daughter still receives the full maturity benefit — ensuring that her education or marriage plans do not get derailed due to financial constraints.
This feature brings priceless peace of mind, knowing that your daughter’s future is secure no matter what life brings.
Who Can Apply for LIC’s Kanyadan Policy?
The eligibility criteria for this plan are simple and inclusive, making it accessible for most middle-class families:
👉 Father’s Age: Should be between 18 and 50 years.
👉 Daughter’s Minimum Age: At least 1 year old at the time of applying.
👉 Especially useful for families with modest incomes who want a guaranteed way to build a secure fund for their daughter’s milestones.
Key Benefits at a Glance
✅ Combines savings and insurance protection in one plan.
✅ Large corpus possible with small daily savings.
✅ Premium waiver in case of the policyholder’s untimely death.
✅ Accidental death benefit up to ₹10 lakh.
✅ Lump sum maturity benefit to meet education, marriage, or career expenses.
Important Things to Keep in Mind
While LIC’s Kanyadan Yojana is an excellent way to build a financial cushion, always read the policy documents carefully before investing. It’s advisable to consult a trusted LIC agent or financial advisor to understand the premium calculation, maturity benefit details, and tax implications.
Final Takeaway
With the LIC Kanyadan Yojana, you don’t need to worry about arranging huge amounts at the last minute for your daughter’s higher education or wedding. Small, consistent savings of just ₹121 a day can blossom into a ₹27 lakh gift for her future.
So if you’re a parent who wants to secure your daughter’s dreams with confidence and dignity, this policy can be a reliable, affordable option to start today.
