post office (sukanya samridhi yojana) vs lic scheme for child plan no. 832

POST OFFICE (SUKANYA SAMRIDHI YOJANA/ACCOUNT)

VS LIC’S NEW CHILDREN’S MONEY BACK PLAN NO. 832

FOR CHILD

HARI SOMAIYA PRODUCTIONPRESENTS

YOUTUBE/HARI SOMAIYA MO. 9909123670

COMPARISON SUKANYA SAMRIDHI YOJANA/ACCOUNT• ONLY FOR GIRL CHILD• AGE 0 TO 10 YEARS• RS 1000 FOR A/C OPENING• RS 100 FOR SUBSEQUENT

PAYMENTS• MAXIMUM RS 1,50,000/-

P.A.• INCOME TAX REBATE U/S

80C

LIC’S NEW CHILDREN’S MONEY BACK PALN NO. 832• FOR BOTH & GIRL CHILDREN• AGE 0 TO 12 YEARS• RS 379/- ONLY AS MONTHLY

ECS FOR 0 YRS CHILD FOR 1 LAKH SA

• RS 379/- AS SUBSEQUENT PAYMENT EVERY MONTH

• NO MAXIMUM LIMIT ON PREMIUM

• INCOME TAX REBATE U/S 80C


COMPARISON SUKANYA SAMRIDHI YOJANA/ACCOUNT• PAYMENT UPTO 14 YEARS• RATE OF INTEREST 9.1% (FOR

CURRENT YEAR)• NO RESTRICTION NUMBER OF

PAYMENTS• 50% WITHDRAWN @ 18 YRS OF

AGE• NOMINATION NOT ALLOWED• ACCOUNT CLOSING ONLY AFTER

21 YEARS

LIC’S NEW CHILDREN’S MONEY BACK PALN NO. 832• PAYMENT UP TO 25 YRS OF AGE

OF THE CHILD• BONUS BASED ON LIC’S

PERFORMANCE• UNIFORM PAYMENTS AT

REGULAR INTERVALS• SURVIVAL BENEFITS STARTS

FROM 18 YRS OF AGE• NOMINATION FACILITY AVAILABLE

(NO LEGAL COMPLICATIONS)• POLICY ENDS AT 25 YRS AGE OF

CHILD


COMPARISON SUKANYA SAMRIDHI YOJANA/ACCOUNT• MONTHLY INTEREST PAYMENT

OPTION• NO LIFE COVER FOR CHILD• PAYMENT TO BE CONTINUED

EVEN AFTER DEATH OF PARENT/LEGAL GUARDIAN

• NO GUIDELINE FROM AGENTS (SOLD BY P.O. DIRECTLY)

• SAVINGS NOT IN REGULAR NATURE

• SUITABLE FOR SMALL CHILDREN (10+21=31 YRS?)

LIC’S NEW CHILDREN’S MONEY BACK PALN NO. 832• NO MONTHLY OPTION• LIFE COVER FOR CHILD AFTER 2

YRS FROM D.OC.• FUTURE PREMIUMS ARE WAIVED

ON DEATH OF THE PROPOSER UNDER PREMIUM WAIVER BENEFIT RIDER OPTION

• GUIDANCE & FOLLOW UP SERVICE BY AGENT OF LIC

• SAVINGS IN REGULAR NATURE• SUITABLE FOR CHILDREN’S OF ALL

AGE


COMPARISON SUKANYA SAMRIDHI YOJANA/ACCOUNT• RATE OF INTEREST VARIABLE• MATURITY IS TAX FREE• NO ESTATE CREATION• NO LOAN FACILITY• NO DATING BACK FACILITY• GUARANTEED BY GOVT. OF INDIA• ONLY FOR INDIAN CITIZENS

LIC’S NEW CHILDREN’S MONEY BACK PALN NO. 832• BONUS OF LIC ARE THE BEST IN

INDUSTRY (SEE THE BONUS TRENDS)• SURVIVAL BENEFITS & MATURITY

AMOUNT IS 100% TAX FREE• ESTATE CREATION FROM DAY ONE• LOAN FACILITY AFTER 3 YRS• DATING BACK OF POLICY FROM

01.04.2015 ALLOWED• GUARANTEED BY GOVT. OF INDIA

(U/S 37 OF LIC ACT 1956)• FOR NRI’S & FOREIGN NATIONALS OF

INDIAN ORIGIN TOO (INCLUDING PWB)


COMPARISON SUKANYA SAMRIDHI YOJANA/ACCOUNT• ASSIGNMENT NOT POSSIBLE• NO SURRENDERED OPTION• IN CASE OF SUICIDE RETURN OF

A/C BALANCE• SAVINGS ARE OPTIONAL• SAVINGS FOR GIRL CHILD MUST

BE REGULAR

LIC’S NEW CHILDREN’S MONEY BACK PALN NO. 832• ASSIGNMENT ALLOWED AFTER

VESTING (18 YRS OF AGE)• SURRENDERED AFTER 3 YRS OF

PREMIUM AND DURATION• IN CASE OF SUICIDE AFTER 12

MONTHS FULL SA IS PAYABLE WITH BONUS

• SAVINGS ARE COMPULSORY (THAT TOO WITH LIFE COVER)

• SAVINGS DEPEND ON THE SURVIVAL OF BREAD WINNER


Result

POST OFFICE SCHEME• Tension Tension

LIC SCHEME• No Tension


Result Summary

• Hence concept of insurance is more important when it comes for long term saving.

• Like Child Education/Marriage,• The only name is LIC


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CONTACT: HARI SOMAIYA MO. 9909123670


post office (sukanya samridhi yojana) vs lic scheme for child plan no. 832

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