LIC v/s Post Office Recurring Scheme

Benefits of LIC Scheme:

  1. You can deposit Yearly, Quarterly, or Monthly(ECS) in LIC Scheme.
  2. Maturity received in LIC scheme is TAX FREE under section 10-10d of Income tax act.
  3. The amount deposited in LIC is exempted under section 80c of Income tax act.
  4. You ca continue LIC scheme after 10 years. You cannot continue post office scheme after 1 years.
  5. 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.
  6. Get free insurance with LIC scheme.
  7. LIC is awarded by trust brand No.1
  8. 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.

Maturity at the end of the 10 years in Monthly Scheme


LIC Return

Post Office Return

LIC Gain

Rs.500Rs.106452 + Free InsuranceRs.89010 -Income TaxRs.17442
Rs.1000Rs.212904 + Free InsuranceRs.178021-Income TaxRs.34883
Rs.1500Rs.319356 + Free InsuranceRs.267031-Income TaxRs.52325
Rs.2000Rs.425808 + Free InsuranceRs.356042-Income TaxRs.69766
Rs.2500Rs.532260 + Free InsuranceRs.445052-Income TaxRs.87208
Rs.3000Rs.638712 + Free InsuranceRs.534063-Income TaxRs.104649
Rs.3500Rs.745164 + Free InsuranceRs.623073-Income TaxRs.122091
Rs.4000Rs.851616 + Free InsuranceRs.712084-Income TaxRs.139532
Rs.5000Rs.1064520 + Free InsuranceRs.890105-Income TaxRs.174415

LIC Maturity Calculated @10% I.R.R

1 thought on “LIC v/s Post Office Recurring Scheme”

  1. sir i want details of monthly 1000/- payment at home
    and give me your helpline no.
    sir iam live at Hyderabad near to shapur

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