A Comparison between LIC Vs PPF

Basis of Difference	PPF	LIC Policy
Purpose	Savings and investment	Insurance and risk protection
Returns	7.1% p.a., compounded annually	Depends on the policy, usually 4%-6%
Tenure	15 years	Flexible tenure, as chosen by the subscriber
Premature closure	Not allowed	Allowed with penalties
Regulatory authority	Central Government	Insurance Regulatory and Development Authority
Deposit amount	The minimum is INR 500 and maximum is INR 1,50,000	Premiums are fixed and not flexible for LIC
Liquidity	PPF allows partial withdrawals from 7th year and a loan facility from 3rd year	Insurance policies have a lock-in period of 3 years, after which the policy can be encashed
Taxation	PPP falls under the EEE category. Hence the investment, interest, and redemption corpus are completely tax free.	The premium paid is tax free if it is less than 10% of the sum assured. The death benefit is also tax free. LicWalaDada

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