All You Need to Know About LIC Plans for Girl Child

An LIC policy for girl child provides financial protection and long-term savings to support a girl’s education, marriage, and life goals. As India’s most trusted life insurer, LIC offers several child-specific plans that combine insurance and investment benefits. The best LIC policy for girl child helps parents secure their daughter’s education, marriage, and financial future through life cover and savings benefits. 

Key Highlights

• In 2025, the top LIC policies for girl child are LIC Jeevan Tarun, LIC New Children’s Money Back Plan, LIC Jeevan Labh, and LIC Aadhaar Stambh.
• These plans offer survival benefits, maturity value, and tax exemptions under Sections 80C and 10(10D) of the Income Tax Act.
• Parents can buy these policies online via the LIC portal or offline through LIC branches or registered agents.

Best LIC Plans for Girl Child

Here are the best LIC plans for girl child in 2025 with their key features, eligibility, and benefits:

1. LIC Jeevan Tarun 

LIC Jeevan Tarun policy is tailored, keeping in mind parents' concerns, specifically for their growing child and their needs. This plan kicks off by focusing on your girl child’s educational needs and subsequently covers all additional needs as she grows up. 

Eligibility

• Minimum entry age: 90 days (3 months)
• Maximum entry age: 12 years 
• Policy term: [25 – Age at entry] in years
• Premium payment term: [20 – Age at entry] in years

Key Features

• Comes with an exclusive premium waiver facility. 
• Designed to specifically address educational expenses. 
• The minimum sum assured is worth Rs.75,000, with no cap on the maximum sum assured. 
• Maturity amount is tax-exempt under Section 10 (10D); premium payments are eligible for Income Tax deduction under Section 80C. 
• Risk coverage begins two years from the policy initiation or when a girl child turns eight, whichever comes earlier. 
• Option to choose your survival benefit contributions between ages 20 and 24, as per your requirements. 
• In the case of the untimely demise of a parent, the child can either receive a higher of 125% of the sum assured, 7 times the annual premium or a minimum of 105% of the total premium paid, along with any bonuses.

2. LIC Jeevan Labh 

LIC Jeevan Labh allows a girl child to receive coverage from the age of 8. This policy comes with some excellent and exclusive features such as the facility of loan during an emergency and choices of mode of receiving maturity benefits. You can choose to receive the maturity benefits as a lump sum or through instalments at three different stages of life 16, 21, and 25 years of age. 

Eligibility 

• Minimum age of entry: 8 years 
• Maximum age of entry: 59 years for policy term of 16 years, 54 years for policy term of 21 years and 50 years for policy term of 25 years  
• Policy term: 16, 21, 25 years 
• Premium paying term: 10, 15, 16 years 

Key Features 

• The policy offers a minimum sum assured of Rs.2 lakh with no cap on the upper limit.
• You can also add riders as per your requirements to this policy. 
• Five types of rider benefits are available, including premium waiver, accidental benefit, critical illness, term assurance, and accidental death and disability. 
• In the unfortunate event of a policyholder’s demise, the beneficiary is entitled to receive a higher of the sum assured, 7 times the annual premium or a minimum of 105% of the total premium paid.  

3. LIC Aadhaar Stambh 

LIC Aadhar Stambh is a non-linked participating insurance plan. This policy offers both protection and savings benefits to a policyholder. This plan allows the parents to nominate their kid as the beneficiary, offering wholesome security to both parties. 

Eligibility

• Minimum age of entry: 8 years 
• Maximum age of entry:  55 years 
• Policy term: Minimum 10 years; maximum 20 years 
• Premium paying term: Same as policy term  

Key Features 

• This policy offers minimum and maximum sum assured worth Rs.2 lakh and Rs. 5 lakh, respectively. 
• In the case of a policyholder's untimely demise, the beneficiary receives 100% of the sum assured, 7 times the annual premium or a minimum of 105% of the total premium paid. 
• The policy comes with additional benefits, such as maturity and death benefits. 

4. LIC New Children’s Money Back Plan 

LIC New Children's Money Back Plan is among the best insurance choices for your child. It offers risk coverage to the child throughout the policy tenure. If the policyholder survives the term, the policy also offers a survival benefit. This plan is accessible by both parents and grandparents, making it one of the most popular children’s plans. 

The policy offers the dual benefit of investment and insurance. As it is a participating plan, the policyholder receives a bonus as well as a lump sum upon maturity. 

Eligibility 

• Minimum age of entry: 0 Years 
• Maximum age of entry:  12 years 
• Policy term: [25 – Age at entry] in years  
• Premium paying term: [25 – Age at entry] in years

Key Features 

• The policy comes with an exceptional feature of refund on high premiums. This helps a policyholder to save money while enjoying the benefits of the policy. 
• The policy offers a girl child a guaranteed survival benefit of 20% of the basic sum assured at the ages of 18, 20, and 22. 
• If you are not satisfied with the policy terms or change your mind, you can close or return the policy within 15 days of initiation. 
• The plan offers a maximum sum assured worth Rs.1 lakh with no cap on the upper limit. 
• For monthly premium payments, a grace period of 15 days is applicable. This period extends to 30 days for other modes of premium payments. 
• In the case of a policyholder’s untimely death, the beneficiary or nominee will receive the death benefit higher than the basic sum assured, 7 times the annual premium, or a minimum of 105% of the total premium paid. 
• After 3 years, you can surrender the policy with the premiums paid up to the point. 

Benefits of LIC Plans for Girl Child

Here are the benefits of investing in an LIC plan for your girl child: 

Covering educational expenses 

In the case of the untimely demise of parents, the LIC policy for girls assists in paying the school fees and other expenses. This will ensure an uninterrupted education of your child. Also, it will help her pursue higher education and travel overseas. 

Funding marriage 

In addition to educational expenses, some child plans may also help in funding the marriage of the girl child. The lump sum payment received upon maturity can be used for such purposes. 

Cushion against capital erosion 

Market volatility and other conditions, such as inflation, can erode investments. Child plans with features such as Dynamic Fund Allocation and Systematic Transfer Plan help safeguard investments, maximise returns and mitigate risks. 

Tax benefit 

You can enjoy tax exemption on both the sum received at maturity and the premiums paid. 

Additional benefits

These policies come with various benefits, such as survival benefits, death benefits, loan facilities, etc. These benefits vary from one plan to another. 

How to Purchase the Plans? 

You can purchase an LIC plan for Girl Child 2023 both online and offline. 

Online

Step 1: Go to the official website of LIC. 

Step 2: Click on “Products.” 

Step 3: Under that, find “Insurance Plan”. Click on that. 

Step 4: Choose “Money Back Plans” and select “LIC New Children’s Moneyback Plan”.

Step 5: Enter the details and click “Submit”. 

Step 6: Check the payable premium and make your transaction via debit/credit card or net banking. 

Step 7: You will receive your policy documents in your mail. 

Offline

It should be noted that the LIC Jeevan Tarun Plan, LIC Jeevan Labh and LIC Aadhaar Stambh are not available for purchase online. You can visit the nearest LIC branch or contact registered agents or brokers to find out more about these plans and start investing. 

Final Word

LIC plan for a girl child is a necessity, not a luxury. Keeping in mind the current economic condition and chances of sudden unfortunate encounters, it is essential to secure your daughter's future regardless of your presence. These LIC plans offer excellent benefits and flexibility, ensuring maximum returns.  

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1. LIC Child Plans: Types, Features and Benefits