LIC Jeevan Vriddhi Queries

Should I opt for the policy?                                          
Reply:  Yes, because of
a) the high return this policy offer.
b) tax free return 
Scenario 1: If you are in 30% tax slab and you invest Rs 1,00,000/- in this plan:
You will save Rs 30,000/- as Income tax benefit. So your net investment becomes Rs 70,000/- and on which you are getting Rs 2,21,651 which is 100% Income tax free so the net yield in this plan is more than 12%.
Scenario 2: If you are in 30% tax slab and your Rs 1 lac limit of secton 80 C is  already used:
It is great investment for you, as you have already invested in banks where you have to pay the Income taxes on maturity @30% (Rs 121651 @ 30% = 36495 goes in taxes ) but here in LIC JEEVAN VRIDDHI you are not taxed at all so still it is a good investment. 
   
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How is it better than NSC and Fixed Deposit ?                Gaurav Chadha, Delhi
Reply :   If you had invested NSC, Fixed deposits,etc, Income tax is required to be paid.
Say if you invested Rs 1,00,000 in NSC or Fixed deposit, then you are required to  pay Income tax of Rs 30,000/-,
But In Jeevan Vriddhi, You don't have to pay any Income tax  
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How is it better than Mutual Funds?                                                 Shriya, Delhi
Reply:  Mutual are subject to market risk, You dont know that Rs 100,000 you had invested will even give you back your Principal amount. Forget about interest part.
But Jeevan Vriddhi, is Guaranteed Plan. Total amount you can expect after 10 years would be double the amount you had invested ( inclusive of Guaranteed amount + loyality bonus)