LIC Kanyadan
is not a separate product listed as “
Kanyadan
” on LIC’s official site. It is actually
LIC Jeevan Lakshya Plan 933
when bought keeping a
girl child’s future
in mind usually for her marriage or higher education.
Agents and financial advisors often use the name
“Kanyadan Yojana”
to market this plan because it emotionally connects with the idea of a father giving his daughter in marriage with full financial dignity.
Technically it is a
savings life cover plan
:
You pay a regular premium for a fixed term.
If you survive till maturity, LIC pays you (or to your daughter, as per nomination) a
lump‑sum amount
(sum assured + bonuses).
If the policyholder (father) passes away during the policy term, the
family gets a death benefit
and the plan may continue without further premium thanks to the
premium‑waiver benefit
in some forms of this plan.
Launch Date and Withdrawal Status
LIC Jeevan Lakshya Plan 933
, the base plan used as Kanyadan, was
launched on 1st February 2020
.
This plan has been
withdrawn from new sales
effective
1st October 2024
, which means LIC is
not issuing fresh Jeevan Lakshya / Kanyadan policies
after this date.
However, if you purchased the plan
before 1st October 2024
, your policy continues till maturity as per the original terms. You can still
use the LIC Kanyadan policy calculator
to estimate your maturity, death benefit, and returns even today.
Why You Need a LIC Kanyadan Policy Calculator?
Manually comparing different combinations of age, policy term, sum assured, and premium payment term is time‑consuming and confusing. That’s where a
LIC Kanyadan policy calculator
becomes very useful.
What a good calculator does:
Takes your
current age, daughter’s age, required sum assured, and chosen policy term
.
Shows
yearly premium amount
(before and after GST).
Estimates
maturity value
(sum assured + bonus, assuming
LIC’s
current bonus rates).
Helps you check
alternatives
: what if you reduce the term, increase the sum assured, or change the daughter’s expected marriage age?
Using the calculator, you can decide:
Whether the premium is affordable for the next 10–25 years.
If the
maturity amount
will be enough to cover expected marriage or education costs.
Which combination of
term and sum assured
gives you the best balance between premium and returns.
How to Use LIC Kanyadan Policy Calculator (Simple Steps)
You don’t need to be an expert to use these
online calculators
. Here is a step‑by‑step guide:
Open a LIC Kanyadan / Jeevan Lakshya calculator
on any trusted financial website or LIC‑related calculator platform.
Select the plan type
as “
LIC Jeevan Lakshya
” or “
LIC Kanyadan Policy
”.
Fill the following basic details:
Your age
(minimum 18, maximum 50 years).
Gender
(male / female).
Daughter’s current age
(normally
minimum 1 year
).
Policy term
(commonly 10 to 25 years, depending on how old your daughter is).
Premium payment term
– usually
policy term minus 3 years
(for example, 12 years for a 15‑year policy).
Desired sum assured
(minimum ₹1 lakh, higher as per your budget).
Premium mode
(yearly, half‑yearly, quarterly, monthly).
Click “Calculate” or “Estimate”.
Within seconds, the calculator shows:
Yearly / monthly premium
.
Approximate maturity value
.
Expected bonus
(based on current LIC bonus rates).
From this, you can easily see whether the
total outflow
(premium × number of years) is worth the
projected maturity amount
.
Key Features of LIC Kanyadan (Jeevan Lakshya)
Here are the main highlights :
Pure life‑plus‑savings plan
: You get both
life cover
and a
lump‑sum payout
at maturity.
Flexible term
: Policy term usually ranges between
10 and 25 years
, so you can match it with your daughter’s expected marriage age.
Premium payment term
: Typically
3 years less than policy term
; for a 15‑year policy, you pay premium for 12 years.
Sum assured
: Minimum
₹1 lakh
, with
no upper limit
(in multiples of ₹10,000).
Death benefit
: If the policyholder dies during the policy term, the nominee gets
sum assured + bonus (up to a limit)
.
Bonus system
: LIC declares
yearly bonus
per ₹1,000 sum assured; this keeps increasing the maturity value over time.
Tax benefits
:
Premium qualifies under
Section 80C
(up to ₹1.5 lakh per year).
Maturity amount and death benefit are generally
tax‑free under Section 10(10D)
, subject to current tax rules.
Eligibility Criteria at a Glance
Before using the
LIC
Kanyadan policy calculator, you should quickly check if you are eligible:
Minimum entry age of policyholder
: 18 years
Maximum entry age of policyholder
: 50 years
Minimum age of daughter
: 1 year
Policy term range
: Normally
10–25 years
Premium paying term
: Policy term minus 3 years (for example, pay premium for 12 years in a 15‑year plan)
Minimum sum assured
: ₹1 lakh (in multiples of ₹10,000)
If your age or daughter’s age falls outside these bands, some calculators may
not accept
the input or will show a clear error message.
Sample Table: LIC Kanyadan/Jeevan Lakshya Illustration
Below is a
simplified example
of how numbers can look in an
LIC Kanyadan
‑style plan (figures are
illustrative
, not guaranteed):
Parameter
Example Value (Illustration Only)
Policyholder age
35 years (male)
Daughter’s current age
5 years
Policy term
20 years
Premium payment term
17 years (20 – 3)
Sum assured
₹20 lakh
Annual premium (approx.)
₹68,000 (before GST)
Total premium paid (17 yrs)
Around ₹11.5 lakh (approx.)
Approx. maturity value (est.)
₹35–40 lakh (incl. bonus)*
*
Maturity value
depends on LIC’s future bonus declarations and can vary. Always treat the calculator output as an
estimate
, not a guaranteed promise.
Benefits You Get from LIC Kanyadan Type Plan
1. Marriage‑focused savings
The plan is designed so that when your daughter reaches a certain age (for example, 21–25), the
maturity amount
becomes available.
You can use this amount for
marriage expenses, higher education, or settling her in life
.
2. Life cover for parents
If anything happens to the earning parent during the policy term,
LIC pays a large lump sum
to the family.
This helps protect your daughter’s future even if the parent is no longer there.
3. Premium waiver in some cases
If the policyholder dies during the policy term, LIC may
stop asking for future premiums
while the policy continues to gather bonuses.
The child still gets the
full maturity benefit
(subject to policy terms).
4. Bonus and tax benefits
Every year LIC adds
bonus
to the policy, which increases the final payout.
Premiums under 80C
reduce taxable income, and
maturity proceeds
are tax‑free under 10(10D), subject to latest tax rules.
5. Loan and surrender options
After paying at least
2–3 years’ premiums
, you can usually
take a loan
against the policy or
surrender
it and take surrender value if needed in an emergency.
This gives you some
liquidity
without breaking the plan completely.
LIC Kanyadan Policy Calculator: What You Should Be Careful About
While these calculators are very helpful, keep a few things in mind:
Bonuses are not guaranteed
: The calculator uses
current bonus rates
, but LIC may change them in future years.
Exact premium depends on medical and other factors
: medical tests, smoking, and health history can change the final premium.
Illustrations are for planning only
: Always read the
official LIC brochure
and
consult a licensed agent
before deciding.
Old policies continue normally
: Even though
Jeevan Lakshya
/Kanyadan is withdrawn for new sales,
existing policies will run till maturity
as per the original terms.
LIC Kanyadan Policy Calculator vs. Manual Calculation
Point
Using LIC Kanyadan Policy Calculator
Manual Calculation
Speed
Very fast, within seconds
Time‑consuming
Accuracy of bonus estimates
Uses latest LIC bonus rates
You may underestimate
Easy to try different options
Yes, sliders and dropdowns
Need to recalculate every time
Risk of errors
Very low (automated)
Higher chance of mistakes
A calculator is especially useful when you want to
simulate 3–5 different scenarios
(higher sum assured, lower term, etc.) without doing maths manually.
Simple FAQs on LIC Kanyadan Policy Calculator
What is LIC Kanyadan Policy?
It’s
LIC’s Jeevan Lakshya plan
(Table 933/733) customized for saving towards a daughter’s education or marriage, with life cover for parents.
Is Kanyadan a separate LIC plan?
No, it’s not separate agents market Jeevan Lakshya as “Kanyadan” for girl children to highlight marriage/education savings.
Who can buy this policy?
Only parents (father or mother) for their daughter; minimum parent age 18, daughter at least 1 year old.
What does the calculator show?
It estimates monthly/annual premium, total paid, expected maturity amount with bonuses, based on age, sum assured, and term.
What if the parent dies early?
LIC pays lump sum annual income (10% of sum assured/year) till maturity, waives future premiums.
When does maturity happen?
After policy term (13-25 years); get sum assured bonuses as one big payment for daughter’s future.
Can I take a loan on this policy?
Yes, after 2 full years’ premiums, up to 80-90% of surrender value for emergencies.
Is it still available in 2026?
Yes, Jeevan Lakshya (updated
Plan 733
since Oct 2024) is active; no withdrawal announced.
Conclusion
The
LIC Kanyadan policy calculator
is a simple, user‑friendly tool that helps you decide whether
LIC Jeevan Lakshya
(used as
Kanyadan
) fits your goal of saving for your daughter’s marriage or education.
Even though new sales of Jeevan Lakshya have been
withdrawn from 1st October 2024
, many existing policies are still running, and the calculator remains very useful for:
checking
future maturity values
,
comparing different
sum assured and term options
,
understanding
whether premium outflow is affordable
versus maturity returns.