LIC Vs Post Office: People are liking the schemes of LIC and Post Office, know which one is the best?

It is the dream of every investor to get safe investment and excellent returns. This is the reason why people like to invest money in the schemes of government insurance company LIC and Post Office. LIC gives many such options to its investors, where their money remains safe and they also get good interest. At the same time, many post office schemes also guarantee excellent returns and security to their investors. In such a situation, if you are also planning to invest, then let us tell you which is better in terms of investment in LIC or Post Office?

Benefits of Post Office

You will get 9 investment options from the post office, where you can earn interest up to 8 percent annually. Similarly, many schemes of LIC can also be useful for you. If you are thinking of getting good interest by investing money in the post office, then many schemes are suitable for you. In this, everything from savings account, time deposit (TD) account to SCSS, PPF, KVP, NSC, MIS and Sukanya Samriddhi Account (SSY) can be opened. You will get excellent returns up to 8 percent in these accounts.

Benefits of LIC

Although LIC has many insurance plans, its Insurance Savings Plan is a money back plan. In this, on maturity the single premium is returned to you along with any loyalty taken by you. In this scheme the cash needs of the investor are also taken care of. Therefore, you also get loan facility in this. In this you can choose the policy term of 9, 12 and 15 years as per your wish.

Under the plan, if the policyholder dies during the policy term, the sum assured is payable. At the same time, if you have any loyalty edition on it, then you get that also. To invest in the new insurance savings scheme, you can invest at a minimum age of 15 years. At the same time, the maximum age limit is 50 years.