as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
evaluating an endowment policy for its fairness against other tax saving options in india such as ppf, epf and even fds
user
or am missing something?  yes. the rate of 8.53 is illustration. there is no guarantee that the rate will be applicable. my yearly premium is rs. 26289. on this amount i will save tax of rs. 7887. so net premium is rs. 18402. the other way to look at this is invest rs 26289 [or actually less of eq term deposit premium]. if you invest into eq term deposit [lock-in for 6 years] with tax benefits, your numbers are going to be very different and definitely better than lic returns. edits:
assistant