Hi, i wish to invest either in LIC’s Jeevan Saral or PPF. My yearly premium would be Rs. 25,000. The return upon maturity in Jeevan Saral is about Rs. 12,70,000, whereas in PPF is only Rs. 7,79,000. I understand that the maturity in Jeevan Saral depends on the loyalty bonus which in turn depends on the profit it makes per year. So, it maybe more or even less that than the maturity amount the LIC agent says. But, still the maturity value in any case would still be higher than that in a PPF.

Also, LIC will give me life cover till the 15th year which is another add  on. Also, i don’t wish to remove or close any of my investments till the 15th year. Meaning i will continue to pay till the 15th year. Please tell me as to why there is so much difference in the maturity amounts of both plans and also please suggest as to which one should i go for?