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

Comments

Caterpillar-like bacteria crawling in our mouth

E volution of longitudinal division and multicellularity in oral bacteria LAVAL, QC , Aug. 22, 2022 /CNW Telbec/ - Likely to survive in the oral cavity, bacteria evolved to divide along their longitudinal axis without parting from one another. A research team co-led by Professor Frédéric Veyrier, microbial geneticist from the Institut national de la recherche scientifique (INRS), and Professor Silvia Bulgheresi environmental cell biologist from the University of Vienna , just published their new insights in Nature Communications . In their work , they described the division mode of these caterpillar-like bacteria and their evolution from a rod-shaped ancestor. They propose to establish Neisseriaceae oral bacteria as new model organisms that could help pinpoint new antimicrobial targets. Scanning electron microscopy image of caterpillar-like bacterium Simonsiella muelleri ( family Neisseriaceae)Crédit : Sammy Nyongesa and ...

LIC vs Mutual Funds – Key Differences Between LIC and Mutual Funds

Parameter Life Insurance Mutual Fund Meaning Life insurance provides protection to a family against unforeseen events like death. A mutual fund is an investment option that helps in generating significant returns through investing in market-linked instruments. Purpose The main purpose of a life insurance policy is to safeguard the financial future of dependents. The primary motive for mutual fund investments is to generate significant returns for long term financial goals. Risk Life insurance is less risky in comparison to mutual funds. However, it offers guaranteed death benefits. Mutual funds are market-linked investments, and hence are highly volatile. Returns LIC schemes offer low returns. Mutual funds offer significant returns in the long term. Long durations help in addressing the market volatility. Tax Benefits Premium payments up to INR 1.5 lakhs qualify for tax exemption under Section 80C of the Income Tax Act, 1961. Only investment in ELSS mutual funds qualify for...

LicWalaDada

Search This Blog