Which Is Better Lic Policy Or Ppf

Post office small saving schemes fy 2015 16 interest rates ppf at 870 sukanya samriddhi yojana at 920. So after 3 years completion you will come under special surrender value and will get 80 of maturity sum assured ie 80 of 122928.

Ppf Vs Sip Which Is Better For You Mkerj

The customer only needs to log into the companys website choose the required lic pension plan choose the coverage and provide the details.

Which is better lic policy or ppf. Even if you know then there is a huge confusion among buyers like whether to buy with the post office or with lic because the government of india backs both. Post demonetization the banks are cutting down the interest rates on fixed deposits. Few years back lic was launched couple of highest nav guaranteed plans today we will take view of performance of two funds highest nav of lic wealth plus samridhi plus as in may 2013.

Applying for an lic pension plan from the company. As per this rule contributions accumulation interest amount and withdrawal are all exempted from income tax. Ppf public provident fund is the most favorable saving cum tax saving schemeoverview of ppf have taken on this page.

Where one can open ppf account. You can open ppf ac in sbi in 10 minutes onlyyou will require id proof and address proofyou dont require to have sbi saving ac for thatppf ac is transfarable locking period is 15 yearsyou cant open ppf onlineif you will deposit 100000 annum for 15 yaers you will get 3049000 at the end of 15 yaersand that is also tax freebest saving scheme available in india as of now. The company offers specific lic pension plans which are available online only.

Hence to safeguard the interest of senior citizens from failing interest rates the government of india has initiated senior citizen pension scheme with an annual return of 8 for a span of 10 years. Ppf account can be opened at any branch of post office as well designated branch of state bank of india sbi other selected nationalized banksaccount can be opened through private bank like icici. I have taken lic jeevan saral plan by paying a premium of rs500 per month for 25years in my daughters name her age was 2 years when i open the policy.

As per the lic chart above you come under basic premium of rs6000month. Ppf account public provident fund vs sukanya samriddhi account. Ppf public provident fund has e e e tax rule.

Do you know your post office also offers life insurance.