💖LIC Kanyadan Policy Calculator 2026 – Secure Your Daughter’s Future 👧💰
Calculate your LIC Kanyadan Policy returns instantly with our advanced calculator. Plan smart savings for your daughter’s marriage and secure her financial future with confidence.
LIC Kanyadan Policy Calculator
Calculation Results
What is LIC Kanyadan Policy?
LIC’s Kanyadan Policy (Plan No. 914) is a non-linked, non-participating, traditional savings insurance plan specifically designed to secure the financial future of your daughter. This policy helps you accumulate funds for your daughter’s marriage expenses while providing life insurance coverage.
With our LIC Kanyadan Policy Calculator, you can easily estimate the premium amount and maturity benefits based on your specific requirements. This tool helps you make informed decisions about your investment in your daughter’s future.
- Financial security for your daughter’s marriage
- Life insurance coverage for the policyholder
- Flexible premium payment options
- Tax benefits under Section 80C and 10(10D)
Key Benefits of LIC Kanyadan Policy
The LIC Kanyadan Policy offers numerous benefits that make it an ideal choice for parents planning their daughter’s financial future:
- Maturity Benefit: Receive the sum assured along with accrued bonuses at policy maturity
- Death Benefit: In case of unfortunate demise of the policyholder during the policy term, the sum assured is paid to the nominee
- Tax Benefits: Avail tax deductions on premiums paid under Section 80C and tax-free maturity proceeds under Section 10(10D)
- Flexible Premium Payment: Choose from yearly, half-yearly, quarterly, or monthly premium payment modes
- Loan Facility: Avail loan against the policy after completion of 3 policy years
Our LIC Kanyadan Policy Calculator helps you understand these benefits in monetary terms, making it easier to plan your finances effectively.
How to Use LIC Kanyadan Policy Calculator?
Our LIC Kanyadan Policy Calculator is designed to be user-friendly and provides instant results. Follow these simple steps:
- Select the policy term (22 or 25 years)
- Choose the premium payment term
- Enter the sum assured amount
- Provide the entry age of the life insured
- Specify if the child is female (for accurate calculations)
- Click on “Calculate Returns” to get instant results
The calculator will provide you with detailed information about premium amounts for different payment frequencies and the expected maturity amount. This helps you make an informed decision about your investment.
Frequently Asked Questions
The minimum entry age for LIC Kanyadan Policy is 18 years, and the maximum entry age is 60 years. The policy is designed to help parents plan for their daughter’s financial future, with maturity benefits timed around the typical marriage age.
Yes, you can avail a loan against your LIC Kanyadan Policy after completion of 3 policy years. The loan amount is typically up to 90% of the surrender value of the policy, subject to terms and conditions set by LIC.
If you miss a premium payment, there is a grace period of 30 days for yearly and half-yearly modes, and 15 days for monthly and quarterly modes. If the premium is not paid within the grace period, the policy will lapse. You can revive the lapsed policy within 2 years from the date of first unpaid premium by paying all due premiums with interest.
No, the maturity amount from LIC Kanyadan Policy is tax-free under Section 10(10D) of the Income Tax Act, 1961, provided the premium paid does not exceed 10% of the sum assured in any year. Additionally, the premiums paid are eligible for tax deduction under Section 80C of the Income Tax Act.
Yes, you can surrender your LIC Kanyadan Policy after completion of 3 policy years. The surrender value will be paid according to the policy terms and conditions. However, surrendering the policy before maturity may result in lower returns compared to holding the policy until maturity.
Our LIC Kanyadan Policy Calculator provides accurate estimates based on the information you provide and the current policy terms. However, the actual premium and maturity amounts may vary slightly based on LIC’s underwriting process, applicable bonuses, and any changes in policy terms. For exact figures, it’s recommended to consult with an LIC representative.
What Our Users Say
The LIC Kanyadan Policy Calculator helped me plan my daughter’s future finances perfectly. It’s easy to use and provides accurate results. Highly recommended for all parents!
I was confused about which policy to choose for my daughter’s future. The LIC Kanyadan Policy Calculator made it easy to understand the benefits and returns. Thank you for this amazing tool!
As a financial advisor, I recommend the LIC Kanyadan Policy Calculator to all my clients. It’s accurate, user-friendly, and provides comprehensive information to make informed decisions.
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