Best LIC Plan for Girl Child in India

What is the LIC Policy for Girl Child?

LIC Policy for Girl Child in India is a specially designed plan to benefit the girl child. These plans offered by the LIC of India provide financial protection and assistance for important milestones in a girl's life, such as education, marriage, or starting a business. These LIC schemes for girl child will ensure and safeguard your daughter’s financial independence, even in your absence.

Best LIC Plan for Girl Child Options 2025

Some of the best LIC schemes for the girl child in India are as follows:

1. LIC Jeevan Tarun

   Take care of your daughter’s higher education with LIC Jeevan Tarun

   • LIC Jeevan Tarun is a participating plan, which means your daughter will be entitled to receive the profits the company declares as additional bonuses.

   • Upon completing the policy, your daughter will receive a fixed percentage of the Sum Assured as the maturity benefit.

   • This LIC policy for girl child also offers a survival benefit, under which she would receive a predetermined percentage of the Sum Assured after the end of the 20th policy year.

   • This LIC policy for new born girl child provides the option of including LIC’s Premium Waiver Benefit Rider for comprehensive coverage.

   • You can also select for the maturity to be paid in installments. This would act as a regular income for your daughter to fund her college or other important expenses.

   Eligibility Criteria of LIC Jeevan Tarun

   Parameters	Minimum	Maximum
   Entry Age of Child	30 days	12 years
   Maturity Age	25 years
   Sum Assured	Rs. 2,00,000	No Limit
   Policy Term	(25 – Entry Age) years
   Premium Paying Term	(20 – Entry Age) years

2. LIC Jeevan Labh

   • The policy offers a maturity benefit at the end of the policy term, which can be used by your daughter to fund her lifelong dreams and aspirations.

   • Your daughter will also receive a portion of the profits the company declares as an additional bonus.

   • This policy by LIC for girl child also offers the option of including any of the following riders for enhanced coverage. The riders are LIC’s Accidental Death and Disability Benefit Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, LIC’s New Critical Illness Benefit Rider, and LIC’s Premium Waiver Benefit Rider.

   • The policy provides liquidity through loans after the end of 2nd policy year. Your daughter can avail of this feature in case of any medical emergency or crisis.

   • The policy also offers the option of maturity payout in installments. Your daughter will receive regular income to pay for her school or college fees through this.

   Eligibility Criteria of LIC Jeevan Labh

   Parameters	Minimum	Maximum
   Entry Age	8 years	50 years for Policy Term of – 25 years 54 years for Policy Term of – 21 years 59 years for Policy Term of – 16 years
   Maturity Age	-	75 years
   Sum Assured	Rs. 2,00,000	No Limit
   Policy Term	16 years, 21 years, and 25 years
   Premium Paying Term	10 years, 15 years, and 16 years

3. LIC New Children’s Money Back Plan

   • With LIC New Children’s Money Back Plan, your daughter will receive a maturity benefit at the end of the policy term, which can be used to pay for her wedding or other important expenses.

   • The plan offers a portion of the profits declared by the company as additional bonuses.

   • Your child will also receive a 20% survival benefit at the end of the 18th, 20th, and 22nd policy years.

   • This LIC girl child plan also offers the option of deferring the survival benefits and will pay an increased survival benefit in return.

   • There is also the option of including LIC’s Premium Waiver Benefit Rider for enhanced coverage.

   • You can also opt for the settlement of the maturity option, through which your daughter will receive the maturity in installments which can help pay her school or college fees.

   • The policy also offers a loan facility that can be availed after the end of 2 policy years.

   Eligibility Criteria of LIC New Children’s Money Back Plan

   Parameters	Minimum	Maximum
   Entry Age	0 years	12 years
   Maturity Age	25 years
   Sum Assured	Rs. 1,00,000	No Limit
   Policy Term	(25 – Entry Age) years

4. LIC SIIP

   • This is a unit-linked plan, therefore a portion of the premium is invested in funds of varying risks and the remaining portion is used to provide insurance.

   • Your daughter will receive the maturity benefit at the policy's maturity, which can be utilized to fund either her higher education or her lifelong dreams.

   • The policy offers guaranteed additions at the end of specific years which can help her maintain her lifestyle.

   • The plan also provides the option of including LIC’s Linked Accidental Death Benefit Rider for enhanced coverage.

   • The partial withdrawal feature can provide liquidity after the fifth policy year to take care of any financial emergencies.

   • This LIC scheme for girl child offers four types of funds, of which you can choose or switch between the ones with appropriate market risk.

   Eligibility Criteria of LIC SIIP

   Parameters		Minimum	Maximum
   Entry Age		90 days	65 years
   Maturity Age		18 years	85 years
   Sum Assured	For people below 55 years of age	10 times the Annualised Premiums
   	For people above 55 years of age	7 times the Annualised Premiums
   Policy Term		10 years	25 years
   Premium Paying Term		10 years	25 years

5. LIC Jeevan Umang

   • LIC Umang is a participating plan, which means your girl will receive the profits declared by the company during the policy term.

   • Your daughter will also receive the Sum Assured on Maturity as a maturity benefit at the end of the policy term.

   • A survival benefit of 8% will also be paid at the end of each year after the end of the premium-paying term for the policy tenure.

   • You can also include the following riders to increase the policy coverage. They are LIC’s Accidental Death and Disability Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, LIC’s New Critical Illness Benefit Rider, and LIC’s Premium Waiver Benefit Rider.

   • This LIC scheme for girl child offers liquidity through its loan facility which your daughter can avail of in case of an emergency.

   • The policy offers a whole life cover up to the age of 100 years.

   Eligibility Criteria of LIC Jeevan Umang

   Parameters	Minimum	Maximum
   Entry Age	90 days	55 years
   Maturity Age	100 years
   Sum Assured	Rs. 2,00,000	No Limit
   Policy Term	(100 – Entry Age) years
   Premium Paying Term	15 years, 20 years, 25 years, and 30 years
   Age at the end of Premium Paying Term	30 years	70 years

6. LIC Single Premium Endowment Plan

   • This plan provides a combination of life insurance protection and savings through a one-time premium payment, making it simple and convenient.

   • You can choose how long you want the insurance coverage to last based on your future financial needs and goals.

   • The plan allows you to receive the policy benefits in installments along with a single lump sum, which can help with planned expenses like education or marriage.

   • You can enhance your protection by paying an additional premium and adding Rider Benefits, such as accident or critical illness cover.

   • The plan offers attractive discounts, called High Sum Assured Rebates, if you opt for a higher sum assured amount.

   • To help with liquidity, you can take a loan against the policy if you need funds during the policy term.

   Eligibility Criteria of LIC Single Premium Endowment Plan

   Parameters	Minimum	Maximum
   Entry Age	30 days	65 years
   Maturity Age	18 years	75 years
   Sum Assured	Rs. 1,00,000	No Limit
   Policy Term	10 years	25 years
   Premium Paying Term	Single Premium Only

7. LIC New Endowment Plan

   • This plan provides life insurance protection and savings, helping secure your family's financial future.

   • The policy offers flexibility in choosing the premium payment frequency at your convenience.

   • You can select the policy's duration, which is the period for which you want the protection to be active.

   • The plan also allows you to receive the benefit amount in installments with a lump sum.

   • You have the option to enhance your insurance coverage by paying an additional premium to include Rider Benefits, such as accident or critical illness coverage.

   • If you choose a higher sum assured, the plan offers a High Sum Assured Rebate, which gives you a discount on your premium.

   • The plan also includes a loan facility, which allows you to borrow against the policy in case you need funds during the term.

   • If the Life Assured dies during the policy term, the nominee will receive the Sum Assured on Death along with any applicable bonuses, provided all due premiums have been paid.

   • If the Life Assured survives the entire policy term, the Sum Assured on Maturity and vested bonuses will be paid at the policy end.

   • The policy participates in the LIC’s profits and is eligible to receive Simple Reversionary Bonuses and a Final Additional Bonus, if declared.

   Eligibility Criteria of LIC New Endowment Plan

   Parameters	Minimum	Maximum
   Entry Age	8 years	50 years
   Maturity Age	20 years	75 years
   Sum Assured	Rs. 2,00,000	No Limit
   Policy Term	12 years	35 years

8. LIC Bima Jyoti

   • The plan provides both life insurance protection and savings benefits.

   • Guaranteed Additions are provided at the rate of Rs 50 per Rs 1,000 of Basic Sum Assured for in-force policies.

   • The plan offers flexibility to:

     • Choose the premium payment frequency according to your convenience.

     • Decide on the duration for which you want the insurance protection.

     • Opt for receiving the benefit amount in installments or a lump sum.

   • By paying an additional premium, you can enhance your insurance coverage by adding Rider Benefits, such as accident or critical illness cover.

   • The plan offers attractive High Sum Assured Rebates, which reduce the premium amount for higher sum assured selections.

   • It also helps meet liquidity needs through a loan facility that allows you to borrow against the policy.

   • In case of the death of the Life Assured during the policy term after the commencement of risk, the nominee will receive the Sum Assured on Death along with accrued Guaranteed Additions, provided the policy is in force.

   Eligibility Criteria of LIC Bima Jyoti

   Parameters	Minimum	Maximum
   Entry Age	30 days	60 years
   Maturity Age	18 years	75 years 65 years (offline policies)
   Sum Assured	Rs. 1,25,000	No Limit
   Policy Term	15 years	20 years
   Premium Paying Term	[Policy Term minus 5] years

9. LIC Amritbaal

   • The policy offers Guaranteed Additions of Rs 80 per Rs 1,000 of Basic Sum Assured throughout the entire policy term.

   • You can choose the life insurance coverage amount for your child based on your specific financial needs.

   • The plan allows you to select between a Single Premium or Limited Premium Payment option as per your preference.

   • You can choose the maturity age of the policy between 18 and 25 years, depending on your child’s future goals.

   • The plan gives you the option to receive the benefits in installments or a lump sum payout.

   • You can opt for the Premium Waiver Benefit rider by paying an additional premium to ensure the policy continues even after the proposer’s death.

   • The policy provides a High Sum Assured Rebate, which offers premium discounts for selecting a higher sum assured.

   • A loan facility is available under the plan to help meet any liquidity needs during the policy term.

   • In case of the death of the Life Assured during the policy term after the commencement of risk, the nominee will receive the Sum Assured on Death along with all accrued Guaranteed Additions, provided the policy is in force.

   • If the Life Assured survives the entire policy term, the Sum Assured on Maturity along with the total accrued Guaranteed Additions, will be paid at the end of the policy term.

   Eligibility Criteria of LIC Amritbaal

   Parameters	Minimum	Maximum
   Entry Age	30 days	13 years
   Maturity Age	18 years	25 years
   Sum Assured	Rs. 2,00,000	No Limit
   Premium Paying Term	Limited Premium Payment: 10 years Single Premium Payment: 5 years	25 years (for both premium terms) 20 years (offline policies)
   Premium Paying Term	Limited Premium Payment: 5 years, 6 years, and 7 years Single Premium Payment: Single Pay

10. LIC Jeevan Azad

    • The plan provides both life insurance protection and savings benefits to help secure your future.

    • Premiums are payable for a limited period, while the coverage continues for the full policy term.

    • You can choose the premium payment frequency (monthly, quarterly, half-yearly, or yearly) based on your convenience.

    • The policy allows you to select the duration of insurance coverage as per your needs.

    • You have the option to receive the benefit amount in installments or lump sum.

    • You can enhance the coverage by adding Rider Benefits by paying an additional premium.

    • A High Sum Assured Rebate is available, offering a lower premium when you opt for a higher sum assured.

    • The policy offers a loan facility, allowing you to meet liquidity needs during the policy term.

    • In the event of the Life Assured’s death after the commencement of risk and before maturity, the death benefit paid will be the higher of the Basic Sum Assured or 7 times the Annualized Premium, but not less than 105% of the total premiums paid.

    • If the Life Assured survives the full policy term, the Sum Assured on Maturity, which is equal to the Basic Sum Assured, will be paid.

    Eligibility Criteria of LIC Jeevan Azad

    Parameters	Minimum	Maximum
    Entry Age	30 days	50 years minus policy term (offline policies)
    Maturity Age	18 years	70 years 65 years (offline policies)
    Sum Assured	Rs. 2,00,000	Rs. 5,00,000
    Policy Term	15 to 20 years
    Premium Paying Term	Policy Term minus 8 years

11. LIC Nav Jeevan Shree

    • The plan offers a combination of life insurance protection and savings to meet future financial needs.

    • Guaranteed Additions are calculated as a percentage of the Total Tabular Annual Premium and are added at the end of each policy year for in-force policies.

    • The policy provides the flexibility to choose between two options for the “Sum Assured on Death” based on your specific needs at the time of policy inception.

    • You can choose the Premium Payment Term (PPT) of 6, 8, 10, or 12 years depending on your financial preferences.

    • The plan allows you to select the policy term based on your chosen PPT: 10-20 years for PPT 6, 15-20 years for PPT 8 or 10, and 16-20 years for PPT 12.

    • You have the option to receive both maturity and death benefits in installments or a lump sum.

    • Additional protection can be availed by choosing rider benefits at an extra cost.

    • The policy offers attractive incentives for choosing a higher Basic Sum Assured.

    • Special incentives are available for existing LIC policyholders and nominees/beneficiaries of deceased LIC policyholders.

    • The policy supports liquidity needs through a loan facility available after certain conditions are met.

    • Upon death during the policy term, the nominee will receive the “Sum Assured on Death” based on the chosen option:

      • Option I: Higher of 7 times the annual premium or Basic Sum Assured

      • Option II: Higher of 10 times the annual premium or Basic Sum Assured

    • If the Life Assured survives till maturity and the policy is in force, the Sum Assured on Maturity (equal to the Basic Sum Assured) along with accrued Guaranteed Additions will be paid.

    • Guaranteed Additions are accrued yearly under an in-force policy and range from 8.5% to 9.5% of the Total Tabular Annual Premium, depending on the policy term.

      • 10-13 years: 8.5%

      • 14-17 years: 9.0%

      • 18-20 years: 9.5%

    Eligibility Criteria of LIC Nav Jeevan Shree

    Parameters	Minimum	Maximum
    Entry Age	30 days	60 years for PPT 6, 8, and 10 years 59 years for PPT 12 years 65 years minus Policy Term for offline policies
    Maturity Age	18 years	75 years 65 years for offline policies
    Sum Assured	Rs. 5,00,000	No Limit
    Policy Term	10 years (last birthday) for PPT  6 years 15 years (last birthday) for PPT  8 and 10 years 16 years (last birthday) for PPT  12 years	20 years for all PPTs
    Premium Paying Term	6, 8, 10 and 12 years

12. LIC Nav Jeevan Shree -Single Premium

    • The plan is a Single Premium policy, meaning you only need to pay the premium once at the time of purchase.

    • Guaranteed Additions accrue at the rate of Rs 85 per Rs 1,000 of Basic Sum Assured every year throughout the policy term.

    • Based on your coverage needs, you can choose between two Sum Assured on Death options at policy inception.

    • You can select the duration of protection as per your financial goals and planning.

    • The policy gives you the choice to receive the maturity or death benefit in installments or a lump sum.

    • You can enhance your protection by choosing from available rider benefits on payment of an additional premium.

    • The plan offers an attractive High Sum Assured Rebate, making it more economical for higher coverage amounts.

    • Special rebates are available for existing LIC policyholders and for nominees or beneficiaries of deceased policyholders.

    • The plan supports liquidity needs by offering a loan facility against the policy during the term.

    • In the event of the Life Assured’s death during the policy term after risk commencement, the nominee will receive the Sum Assured on Death (as per the chosen option) along with all accrued Guaranteed Additions.

      • Under Option I, the Sum Assured on Death is the higher of 1.25 times the Tabular Single Premium or the Basic Sum Assured.

      • Under Option II, the Sum Assured on Death is 10 times the Tabular Single Premium.

    • If the Life Assured is a minor below 8 years, and death occurs before risk commencement, the benefit will be a return of Single Premium paid (excluding taxes, rider premiums, and extra premiums), without interest.

    • The death benefit will be paid as a lump sum or in installments, based on the option chosen by the policyholder or Life Assured.

    • If the Life Assured survives until the date of maturity, the Sum Assured on Maturity (equal to the Basic Sum Assured) along with accrued Guaranteed Additions will be paid.

    Eligibility Criteria of LIC Nav Jeevan Shree -Single Premium

    Parameters	Minimum	Maximum
    Entry Age	30 days	60 years for Option 1 40 years for Option 2 65 years minus Policy Term for offline policies
    Maturity Age	18 years	75 years under Option I 60 years under Option II 65 years for offline policies
    Sum Assured	Rs. 1,00,000	No Limit
    Policy Term	5 years	20 years
    Premium Paying Term	Single Premium

13. LIC Jeevan Utsav

    • The plan offers whole life insurance coverage with limited premium payment options.

    • You can choose between two benefit options at inception: Regular Income Benefit or Flexi Income Benefit.

    • Guaranteed Additions of Rs 40 per Rs 1,000 Basic Sum Assured accrue annually during the premium paying term.

    • You can select a premium-paying term ranging from 5 to 16 years.

    • A High Sum Assured Rebate is available, reducing the cost for higher coverage.

    • Rider benefits can be added to enhance protection by paying an extra premium.

    • A loan facility is available to meet liquidity needs during the policy term.

    • On death after risk commencement, the nominee receives the higher of Basic Sum Assured or 7 times the Annualized Premium, plus accrued Guaranteed Additions, with a minimum payout of 105% of total premiums paid.

    • If the Life Assured survives, 10% of the Basic Sum Assured is payable yearly under Regular or Flexi Income Benefit, with the Flexi option allowing accumulation and interest.

    • Guaranteed Additions accrue annually during the premium paying term and are fully payable on death or proportionally on surrender during that year.

    Eligibility Criteria of LIC Jeevan Utsav

    Parameters	Minimum	Maximum
    Entry Age	30 days	65 years
    Premium ceasing age	-	75 years
    Age at the beginning of Policy Year in which first Regular Income Benefit/ Flexi Income Benefit becomes due as per Option	18 Years	-
    Sum Assured	Rs. 5,00,000	No Limit
    Premium Paying Term	5 to 16 Years

14. LIC Bima Shree

    • The plan provides a combination of life insurance protection and long-term savings.

    • Premiums are payable for a limited duration while coverage continues for the full policy term.

    • You can select your preferred premium payment frequency, monthly, quarterly, half-yearly, or yearly.

    • The policy allows you to choose a protection period of 14, 16, 18, 20, 24, or 28 years.

    • The benefit amount can be received in installments or a lump sum, as per your preference.

    • Survival benefits are paid out at specific intervals during the policy term.

    • You can enhance coverage by adding optional rider benefits for an additional premium.

    • High Sum Assured Rebate is available, reducing premiums for higher sum assured amounts.

    • A loan facility is available under the policy to meet liquidity needs.

    Eligibility Criteria of LIC Bima Shree

    Parameters	Minimum	Maximum
    Entry Age	8 years	55 years for policy term 14 years 53 years for policy term 16 years 51 years for policy term 18 years 49 years for policy term 20 years 45 years for policy term 24 years 41 years for policy term 28 years
    Sum Assured	Rs. 10,00,000	No Limit
    Policy Term	14, 16, 18, 20, 24 and 28 years
    Premium Paying Term	(Policy term minus 4) years

15. LIC New Money Back Plan-20 Years

    • The plan offers a combination of life protection and savings to help secure the future.

    • Survival benefits of 20% of the Basic Sum Assured are paid at the end of the 5th, 10th, and 15th policy years.

    • Optional rider benefits can be added for enhanced coverage by paying an additional premium.

    • A High Sum Assured Rebate is available, reducing premiums for higher cover amounts.

    • The death benefit can be received as a lump sum or in installments, based on the policyholder’s preference.

    • A loan facility is available under the policy to meet liquidity needs.

    • If the Life Assured dies during the policy term, the nominee will receive the higher of 125% of the Basic Sum Assured or 7 times the Annualized Premium, along with vested Simple Reversionary Bonuses and Final Additional Bonus, subject to a minimum of 105% of total premiums paid.

    • On survival to the end of the policy term, 40% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, will be paid.

    • The policy participates in the profits of LIC and is eligible for Simple Reversionary Bonuses and possibly a Final Additional Bonus, provided premiums are paid and the policy is in force.

    Eligibility Criteria of LIC New Money Back Plan-20 Years

    Parameters	Minimum	Maximum
    Entry Age	13 years	50 years
    Maturity Age	-	70 years
    Sum Assured	Rs. 2,00,000	No Limit
    Policy Term	20 years
    Premium Paying Term	15 years

16. LIC New Money Back Plan-25 Years

    • The plan offers life insurance protection along with savings benefits.

    • Survival benefits of 15% of the Basic Sum Assured are paid at the end of the 5th, 10th, 15th, and 20th policy years.

    • You can enhance your insurance coverage by adding rider benefits with payment of an additional premium.

    • A High Sum Assured Rebate is available, offering savings on premiums for higher coverage amounts.

    • The death benefit can be received either as a lump sum or in installments, based on your preference.

    • A loan facility is available under the policy to help meet any financial emergencies.

    • In case of death during the policy term, the nominee will receive the higher of 125% of the Basic Sum Assured or 7 times the Annualized Premium, plus vested Simple Reversionary Bonuses and Final Additional Bonus, subject to a minimum of 105% of total premiums paid.

    • On survival to the end of the policy term, 40% of the Basic Sum Assured along with vested bonuses and Final Additional Bonus, if any, will be paid.

    • The policy participates in LIC’s profits and is eligible for annual Simple Reversionary Bonuses and a possible Final Additional Bonus, provided the policy remains in force.

    Eligibility Criteria of LIC New Money Back Plan-25 Years

    Parameters	Minimum	Maximum
    Entry Age	13 years	45 years
    Maturity Age	-	70 years
    Sum Assured	Rs. 2,00,000	No Limit
    Policy Term	25 years
    Premium Paying Term	20 years

17. LIC Bima Ratna

    • The plan offers a combination of life insurance protection and savings.

    • Premiums are payable for a limited period only.

    • You can choose how frequently you want to pay premiums, based on your convenience.

    • You can select the policy term from 15, 20, or 25 years as per your protection needs.

    • You can opt to receive the death or maturity benefit in installments or a lump sum.

    • Survival benefits are paid at specific durations based on the chosen policy term.

    • Rider options are available to enhance the coverage on payment of an additional premium.

    • High Sum Assured Rebates are offered, reducing premiums for higher cover amounts.

    • The plan offers a loan facility to meet liquidity needs during the policy term.

    • In the event of the Life Assured’s death after the commencement of risk and during the policy term, the nominee will receive the higher of 125% of the Basic Sum Assured or 7 times the annualized premium, along with all accrued Guaranteed Additions.

    • If the Life Assured survives to the last two years of the policy term, 25% of the Basic Sum Assured is paid at the end of each of those years, depending on the chosen policy term (e.g., 13th and 14th years for 15-year term).

    • Upon surviving the full policy term and provided the policy is in force, the Life Assured will receive a maturity benefit equal to 50% of the Basic Sum Assured along with all accrued Guaranteed Additions.

    • Guaranteed Additions are added to your policy every year it remains active, with rates increasing over time: Rs 50 per Rs 1,000 Basic Sum Assured for the first 5 years, Rs 55 for the next 5, and Rs 60 from the 11th year onward.

    Eligibility Criteria of LIC Bima Ratna

    Parameters	Minimum	Maximum
    Entry Age	5 years for Policy Term 15 years 30 days for Policy Term 20 & 25 years	55 years for Policy Term 15 years 50 years for Policy Term 20 years 45 years for Policy Term 25 years 65 years minus Policy Term (in case of offline policies)
    Maturity Age	20 years for Policy Term 15 & 20 years 25 years for Policy Term 25 years	70 years  65 years in case of offline policies
    Sum Assured	Rs. 5,00,000	No Limit
    Policy Term	15 years, 20 years, 25 years 15 & 20 years for offline policies
    Premium Paying Term	11 years for Policy Term 15 years 16 years for Policy Term 20 years 21 years for Policy Term 25 years

18. LIC Index Plus

    • This plan offers life insurance protection throughout the policy term, ensuring financial security.

    • If the policyholder survives till maturity and all premiums are paid, the basic mortality charges deducted for life cover are refunded.

    • Guaranteed Additions, as a percentage of one annual premium, are added to your unit fund at specific policy milestones and used to purchase more units.

    • You can choose from different investment funds depending on your risk appetite, helping you manage your wealth according to your financial goals.

    • You can choose a Basic Sum Assured of either 7 or 10 times your annual premium, depending on your age and insurance needs at the time of taking the policy.

    • You can decide how much premium you want to pay and select the policy term within certain limits.

    • In case of death, the benefit can be received in a lump sum or in installments.

    • After five years, you can make partial withdrawals from your fund to meet urgent financial needs.

    • By paying an additional premium, you can opt for LIC’s Linked Accident Benefit Rider to enhance your protection in case of accidental death.

    • On death after risk starts, your nominee will get the highest of: Sum Assured (less recent withdrawals), fund value, or 105% of premiums paid. If death is before risk starts, only the fund value is paid.

    • If the life assured survives the policy term, the total value of your investment fund at the time of maturity is paid as a lump sum.

    • When the life assured survives till maturity and has paid all premiums, the total basic mortality charges are refunded along with the fund value, increasing your final payout.

    Eligibility Criteria of LIC Index Plus

    Parameters	Minimum	Maximum
    Entry Age	90 days	60 years
    Maturity Age	18 years	85 years
    Sum Assured	Rs. 2,00,000	No Limit
    Minimum Premium (Rs)	Yearly - 30,000 Half-yearly - 15,000 Quarterly - 7,500 Monthly (NACH) - 2,500	No Limit
    Policy Term	10 years	25 years
    Premium Paying Term	Same as Policy Term

19. LIC Nivesh Plus

    • This plan offers life cover for the entire policy term.

    • At set intervals, a fixed percentage of your one-time premium (Single Premium) is added to your investment fund.

    • You can choose your coverage amount, the investment fund type based on your risk level, and whether your Sum Assured is 1.25 or 10 times your premium (depending on your age). 

    • You also decide your premium, policy term (within set limits), and how your family receives death benefits, either as a lump sum or in installments.

    • You can withdraw part of your fund after a certain time to meet urgent financial needs, providing you with flexibility and access to money when required.

    • You can boost your coverage by adding LIC’s Linked Accident Benefit Rider. This gives additional financial support to your family if death occurs due to an accident.

    • If death occurs before the policy starts covering risk, only the fund value is paid. If death happens after coverage begins, your nominee gets the higher of: (a) Basic Sum Assured minus recent withdrawals, or (b) your fund value. 

    • Charges taken after death (like mortality or accident rider charges) are refunded. The payout can be lump sum or installments, based on your chosen option.

    • If the policyholder survives till the policy’s end, the total value of the investment fund at maturity is paid. This is your maturity benefit.

    Eligibility Criteria of LIC Nivesh Plus

    Parameters	Minimum	Maximum
    Entry Age	90 days for Option 1 And Option 2	70 years for Option 1 35 years for Option 2
    Maturity Age	18 years	85 years for Option 1 50 years for Option 2
    Sum Assured	1.25 times of the single premium Under Option 1	10 times of the single premium Under Option 2
    Policy Term	10 to 25 years	10 to 20 years

20. LIC New Endowment Plus

    • This plan gives you life insurance protection for the entire policy duration.

    • You can pick the type of investment fund based on how much risk you're comfortable with. 

    • Your family can receive the death benefit as a one-time lump sum or in smaller installments, depending on the option you choose while taking the policy.

    • You can withdraw your invested money partially during the policy, after a certain time, to handle financial needs like emergencies or expenses, as per the conditions in the policy.

    • You can choose to add the LIC Linked Accidental Death Benefit Rider for extra coverage. If death happens due to an accident, your nominee will receive additional payout.

    • If death occurs before life cover starts, only the fund value is paid. After coverage starts, your nominee receives the highest of: (a) Basic Sum Assured minus recent withdrawals, (b) Fund value, or (c) 105% of total premiums paid minus recent withdrawals. 

    • If the policyholder survives till the end of the policy term, the full value of the investment fund is paid as the maturity benefit.

    Eligibility Criteria of LIC New Endowment Plus

    Parameters	Minimum	Maximum
    Entry Age	30 days	50 years
    Maturity Age	18 years	60 years
    Premium Amount	Yearly 42,000 Half-Yearly 21,000 Quarterly 10,500 Monthly (NACH) 3,500	No limit
    Policy Term	10 years	20 years
    Sum Assured	10 times of Annualized Premium)
    Premium Paying Term	Same as Policy Term

Benefits of LIC Plans for Girl Child

Choosing the right LIC policy for girl child ensures long-term financial security and support for your daughter’s future. Here are the key benefits that make these plans valuable:

• Financial Protection: Most LIC policies for girl child offer life cover for the parent, ensuring the girl’s financial security in case of any unfortunate event.

• Savings for Future Needs: The LIC girl child plan helps build a financial corpus for future milestones like higher education or marriage through regular savings.

• Flexible Payout Options: Whether you choose a LIC scheme for girl child with lump sum or instalment payouts, these plans allow flexibility to suit the evolving needs of your daughter.

• Loan Facility: If required, you can avail a loan against your LIC policy for newborn girl child or an active LIC best policy for girl child to meet urgent financial needs.

• Beat Inflation: Consistent market volatility might lead to capital erosion. With an LIC baby girl policy, you can grow a corpus over time to ensure their girl child stays financially stable and independent.

• Tax Benefits: All LIC policy details for girl child include tax savings features. Premiums qualify for deductions under Section 80C, and maturity proceeds may be tax-exempt under Section 10(10D).

How to Purchase LIC Plans?

Online: Any of the above plans by LIC for girl child can be purchased online by visiting the LIC’s official website. You can select the policy of your choice and then fill in the necessary details such as name, age, date of birth, mobile number, and so on. You can also buy LIC plans for girl child from Policybazaar. Here are the steps:
Step 1: Go to LIC.

Step 2: Fill the form with your name and contact number. Click on “View Plans”

Step 3: Choose the plan that you wish and click on “Get Details”.

Step 4: Check the plan benefits and fund performance. If the plan suits your needs, pay a premium and buy the plan. 

Premiums of LIC policy for girl child can also be paid online through LIC’s Online Premium Payment Portal. 

Offline: LIC schemes for girl child can also be purchased by visiting the nearest LIC branch office or through other official agents or brokers.

The Bottom Line

A LIC Policy for girl children has become a necessity to ensure a safe and secure future for children, specifically girls. It is important that our daughters, who are the future of tomorrow, can lead a financially stable life. The LIC Policy for Girl Child's Marriage Plan will help fulfil her educational and other financial needs, even in the absence of the parents.

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