LIC is not a pure investment option. LIC is an insurance policy that gives protection to the policyholder’s family in case of the demise of the policyholder. There are many LIC schemes that give additional benefits other than insurance. While PPF is a pure investment option that helps in creating a good corpus over a period of time with regular disciplined investments in the scheme. PPF does not give an insurance facility and offers a fixed rate of interest.

LIC and PPF are two differen