Jeevan Akshay LIC is a pension plan offered by Life Insurance Corporation of India (LIC). This plan offers a lump sum amount to the policy holder upon retirement, which can be used to supplement his/her income post-retirement. It also provides extra benefits in the form of tax savings.
The biggest advantage of investing in Jeevan Akshay LIC is that it allows you to accumulate a lump sum amount over the years, thus providing a secure financial cushion for you once you retire. The plan also comes with a number of other benefits such as tax exemption, funded pension payments, and much more.
So yes, Jeevan Akshay LIC is a good investment option, provided you have a long-term view and you have plans to retire in the near future. It is especially beneficial for those who are looking for a financial cushion in their old age, as the lump sum amount accumulated over a period of time will help them in their retirement years.
Moreover, you get to enjoy some additional benefits such as tax exemptions and pension payments, when investing in Jeevan Akshay LIC. This makes it one of the most beneficial pension plans out there.
If you want to know more about this plan, you can read this detailed article on Jeevan Akshay by LIC: https://www.licindia.in/Home/Plans/SchemeDetails?p=%2fMzEzfF9XU1JfcU4yQVNNd2lvOExoUzdhNVViSlJBU0VNWDEz&s=Jeevan%20Akshay