Sunil wanted life cover but was confused between LIC and PLI. So, he compared both carefully.
PLI is backed by the Government of India, offers higher bonuses, and lower premiums for postal employees & eligible persons.
For ₹10 lakh cover: LIC premium ≈ ₹24,000/year, PLI premium ≈ ₹18,000/year with higher maturity bonus.
Over 20 years, Sunil would save ₹1.2 lakh in premiums with PLI, plus earn more bonus.
If eligible, PLI often beats LIC in returns and costs. But LIC offers wider eligibility and plan variety.
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