LIC v/s Post Office Recurring Scheme

by Tabrej in October 21st, 2009

Benefits of LIC Scheme:

You can deposit Yearly, Quarterly, or Monthly(ECS) in LIC Scheme.
Maturity received in LIC scheme is TAX FREE under section 10-10d of Income tax act.
The amount deposited in LIC is exempted under section 80c of Income tax act.
You ca continue LIC scheme after 10 years. You cannot continue post office scheme after 1 years.
If you forgot to take maturity at the end of the 10 years. You can get return beyond 10 years in LIC scheme. This is not available in post office scheme.
Get free insurance with LIC scheme.
LIC is awarded by trust brand No.1
1000′s of Insurance agents to help you and collect your premiums from your office/Home. In Post office scheme home service is not available.

LIC Maturity Calculated @10% I.R.R

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