The people’s trust in LIC and Post Office schemes is increasing, due to which people are investing a lot of money in them. LIC gives many such options to its investors, where their money is safe and they also get good interest. At the same time, many schemes of post office also guarantee great returns and security to their investors. So, the Question is which is best?
Benefits of LIC
The biggest benefit is that you get a huge return on maturity with less investment. At the same time, LIC is risk free i.e. safe as compared to other saving options. Apart from this, you also get benefits like guaranteed bonus and death benefits in LIC. You will also get assurance of money back on LIC. So, by these all things you can invest in the policy to take advantage of these facilities.
Benefits of post office
You will get 9 investment options from the post office, where you can get up to 8 percent annual interest. If you are thinking of getting good interest by investing money in the post office, then many schemes are suitable for you. In this, savings account, time deposit (TD) account to KVP, NSC, MIS and Sukanya Samriddhi Account (SSY) can be opened. By these all account get 8% return.
