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 Benefit of LIC Scheme
 
This is Like a P.O.'s R.D. Scheme You can deposit Yearly, Hly, Qut. or Monthly (ECS) in LIC Scheme.
Maturity Received in LIC Scheme is Tax Free under section 10-10D of income Tax act.
You can Withdraw partial or full amount if necessary after 10 years.
The amount depositedin LIC is exempted under section 80C of Income Tax Act.
You can continue LIC scheme after 10 years You cannot continue Post Office Scheme after 10 years.
In case of de ath 250 times monthly premium + total premium paid-(1st years premium & Extra Premium paid) + LA, if, any, payable.
If you forget of take maturity at the end of 10 years can get return beyond in LIC scheme.
This is not available in Post Office Scheme.
 LIC'S JEEVAN SARAL :
 
Year Premium Per Month
2000 3000 4000 5000 6000
1 0 0 0 0 0
2 0 0 0 0 0
3 40976 61464 81952 102440 122928
4 65592 98388 131184 163980 196776
5 94520 141780 187040 236300 283560
6 117580 176370 235160 393950 352740
7 141620 212430 283240 354050 424860
8 166680 250020 333360 416700 500040
9 192940 289410 385880 482350 578820
10 425808 638712 851616 1064520 1277424
11 500203 750304 1000406 1250507 1500608
12 581465 872198 1162930 1453663 1744395
13 672680 1009019 1345359 1681699 2018039
14 774560 1161839 1549119 1936399 2323679
15 888794 1333190 1777587 2221984 2666381
16 1006733 1510099 2013466 2516832 3020199
17 1135880 1703820 2271760 2839700 3407640
18 1277638 1916457 2555276 3194095 3832915
19 1432760 2149140 2865520 3581900 4298280
20 1602960 2404440 3205920 4007400 8408880
21 1789166 2683749 3578332 4472915 5367498
22 1993433 2990149 3986865 4983581 5980298
23 2216876 3325314 4433752 5542190 6650628
24 2461989 3692984 4923979 6154974 7385968
25 2730202 4095304 5460405 6825506 8190607
26 3024459 4536688 6048917 7561147 9073376
27 3346518 5019778 6693307 8366296 10039555
28 3699902 5549853 7399805 9249756 11099707
29 4087577 6131365 8175153 10218941 12262730
30 4513022 6769533 9026044 11282555 13539067
31 4978246 7467370 9956493 12445616 14934739
32 5490117 8235176 10980234 13725293 16470351
33 6050341 9075511 12100682 1525852 18151022
34 6665865 9998797 13331730 1664662 19997595
35 7342203 11013305 14684407 18355508 22026610