Compare the features of LIC and National Saving Certificate (NSC).

Solution

S.No	Features	LIC	NSC
(i)	Time period	May mature after death/longer period of investment.	Mature after 5 years and 10 years.Its shorter period of Investment
(ii)	Maximum Limit	Investment limit according to the sum insured.	No limit of investment
(iii)	Minimum limit	According to Policy	Rs. 100
(iv)	Loan	Available	Available
(v)	Tax rebate	Available	Available
(vi)	Premature Withdrawal	Not available	Not available
(vii)	Interest Taxable or Tax-free rate of Interest w.e.f Apri,2014	Low rate	Higher rate of Interest
(viii)	When to Invest	Investment payment to be done periodically. Every year/quarterly.	Investment to be done once in a lump sum in the beginning.