Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Track & Policy DownloadLogin

Unlocking The Top LIC Policies For Your Girl Child in India


Written by Kritika Singh

Updated Jul 08, 2024

In current times better financial planning for your girl child's education is crucial to determine her smooth journey towards financial freedom, aspirations, and a better future. It is therefore imperative for families to prioritise their daughter’s financial independence first. 

In this article, we have carefully curated the top LIC policies for your daughter’s future by looking into the policy’s features, benefits, and returns. 

 An Insight into the Top LIC Policies 

The first step towards planning your girl child's future is to opt for the right insurance policy. Choosing the right plan means selecting the right insurance company. Hence families and prospective parents need to opt for the right child insurance plans from a reputable company after meticulous evaluation. With rising inflation and increase in expenditure, academic fee structure, it is crucial for families to build a solid surplus of funds. And, there’s no better way than LIC policies as they help parents safeguard their children’s future. 

     Top LIC Policies

Suitable Advantages for LIC Policies For Your Girl Child

Following are the merits of LIC policies for your girl child:


1. Tuition Fee Cover 

One of the primary concerns of a parent is what will happen to their child after their demise. Investing in a suitable LIC policy helps secure the future of your girl child. A good policy helps cover your daughter’s educational expenses without any interruption in her academic journey.


2. Support in Higher Education

Another primary advantage of choosing the right LIC policy is that you can customise it to support your daughter’s dream and aspirations to pursue higher education from renowned universities in India and abroad.

3. Managing Marriage Expenses 

Be it educational or personal, a suitable LIC policy takes care of all your needs beyond academic expenses. A good LIC policy will help you cover your daughter’s marriage expenses by ensuring a lump sum at the time of maturity, quarterly, or monthly as customised by you. 

4. Accumulating Surplus

We all aspire to build a secondary source of income to accumulate more capital, however, the unpredictable nature of the market does not let us fulfill our desires. Therefore, LIC plans with features such as Dynamic Fund Allocation, Systematic Transfer Plan, and child plans protect our investments, minimise our losses, and maximise our returns. 


5. Tax Benefits

Plans are always beneficial when they have a dual advantage. An ideal plan offers investment with tax benefits. When dividends are received at the time of maturity and premiums are paid with tax exemptions our financial efficacy increases.


6. Additional Perks

You read about tax benefits and investment options as the key benefit of a LIC policy. However, there is more to it. With features like a Flexibility plan, a policyholder can choose between a lump sum payout at the time or survival benefits in case of untimely death. 

Top LIC Policies for Your Girl Child

In India, parents have the flexibility of choosing the best LIC policy that aligns with their daughter's prospects, preferences, and vision. LIC policies in India offer a wide range of schemes that families can customise as per their needs and choices. Here are some of the most premium LIC policies in India which are categorically designed to help a girl child:  

  1. LIC Jeevan Tarun

The LIC Jeevan Tarun policy specifically caters to parents' desires and vision for their girl child. This policy is categorically designed to address the growing needs of your daughter. This plan starts with the educational requirement of your daughter and incorporates all her additional needs which helps fulfill her dream while growing up. 


  • Entry Age (Minimum): 90 days to 12 years old.

  • Premium term: Minimum 8 years and maximum 20 years from the entry age, and For a 5-year-old child, it is 15 years of age.

  • Policy term: 25 years from the entry age which can be reduced to 20 years in the case of a 5-year-old child.


  • Offers the exclusive premium waiver benefit

  • Provides an option to select Survival Benefit Contribution that ages between 20 to 24 years as per the requirement 

  • The policy comes with a unique risk coverage where in the case of an untimely death of a parent the child has the option of receiving 125% of the total sum assured, 7 times the annual premium paid or 105% of the total premium paid

  • The policy has no cap on the upper limit. However, the minimum coverage should be Rs. 75,000

  • The maturity amount of the policy is tax exempted under Section 10 (10D) and Section 80 (C) of the Income Tax Act, 1961  


  1. LIC's Aadhar Stambh

LIC's Aadhar Stambh policy is a comprehensive plan that works for both parents and their children. So if you want, you can nominate your daughter as a beneficiary or you can opt for the policy for its saving benefits.


  • Minimum age of entry: 8 years 

  • Maximum age of entry: 55 years 

  • Policy term: Minimum 10 years; maximum 20 years 

  • Premium term: Similar to the policy term  


  • Minimum sum assured: Rs. 2,00,000

  • Maximum sum assured: Rs. 5,00,000

  • The policy offers dual benefits which are Maturity and Additional Benefits

  • In case of the unfortunate death of the policyholder, the beneficiary gets 100% of the sum assured, 7 times the annual premium, or 105% of the total premium paid  


  1. LIC New Children's Money Back Plan

LIC New Children’s Money Back Plan offers a unique risk coverage for your child which exists throughout the policy tenure. The policy is accessible to both parents and grandparents. And if the policyholder survives then they get the survival benefit and the policyholder gets a dual benefit upon maturity of the policy with a lump sum and bonus amount.  


  • Minimum entry age: 0 Years 

  • Maximum entry age: 12 years 

  • Policy term: 25 years (Age at entry)  

  • Premium paying term: 25 years (Age at entry) 


  • The policy comes out with a refund on high premiums which gives flexibility to the parents to enjoy the policy benefits and save up money

  • Guaranteed survival benefit is given to the girl child which includes 20% of the basic sum assured for 18, 20, and 22 years of age

  • In case of the untimely death of the policyholder, the beneficiary will get the death benefit which is higher than the sum assured, 7 times the annual premium or 105% of the total premium paid 

  • Flexibility of surrendering the policy after 3 years of the tenure with premiums paid till that point

  • A grace period of 15 days is available for monthly premium payout    


  1. LIC Jeevan Labh

A girl child starts receiving the benefits of the LIC Jeevan Labh right from 8 years of age. The policy offers the facility of a loan against the policy. The policy also offers the benefit of selecting the mode of receiving the maturity amount.


  • Minimum age of entry: 8 years.

  • Maximum age entry:59 years of policy of 16 years. 54 years of policy of 21 years.50 Years of policy of 25 years  

  • Premium paying term: 10, 15, 16 years  


  • Minimum Sum Assured: Rs. 2,00,000 with no upper limit

  • Facility to add 5 Rider benefits which include, Premium Waiver, Accidental Benefit, Critical Illness, Term Assurance, and Accidental Death and Disability.

  • In the event of the untimely death of the policyholder, the beneficiary receives a higher sum insured, 7 times the annual premium, or a minimum of 105% of the total premium paid.  


Opting for the right LIC policy for your girl child is not easy. Your daughter’s future dreams, her growth, her education, and aspirations depend on it. It is therefore vital to study and understand all the key aspects such as benefits, returns, and most importantly risks of a policy. To help you analyse compare and buy the best LIC policy for your daughter, please feel free to reach out to InsuranceDekho today.  


Ques.1. Why should I buy the LIC girl-child policy?

Ans. This specific policy is designed to safeguard the financial security of your girl child. The policy helps achieve her aspirations and specific goals she has set for herself. The policy helps in covering educational, marriage expenditure, and other additional benefits depending upon the company policy.  


Ques.2. Is the LIC girl child policy taxable?


Ans. The total amount received at the time of maturity including the bonus from the LIC girl child policy is exempted from tax. You can claim the tax benefit under Section 10(10D) of the Income Tax Act of 1961.


Ques. 3. Is LIC insurance suitable for children?

Ans. LIC's child plan is an endowment insurance contract that not only offers a death benefit for the family but also ensures payouts upon maturity. The accumulated sum, along with bonuses, can be utilised for children's further education expenses.


Ques. 4. Why is the LIC insurance plan recommended for a girl child?

Ans. LIC insurance for a girl child enables her to live her dream and fulfill her goals at different stages of life. The policy also comes with dual benefits such as tax exemptions, covering marriage expenditure and investment plans for the girl child spending upon the policy. 


Written by Kritika Singh

Kritika Singh is a marketing professional with over 10 years of work experience in the field of insurtech, health, FMCG, renewables, and public policy. KrRead More


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Popularly Opted Term Insurance Sum Assured

People Also Read

Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 80 Lacs+ happy customers