Investment for Tax savings

One question everyone is looking an answer to is "Where should I invest ?". For those of you LIC has just come with a very promising scheme "Jeevan ashta". Its a single premium policy with assured returns of 10% ( considering the bonus on maturity). The interest income is tax free and the amount invested can be used for tax deductions. Also there is additional life coverage ( thought not huge). All in all its a double delight. A must for low-medium risk investor in these turbulent times. Go for it.