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Should I buy LIC's Jeevan Akshay plan?

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on September 25,2021

Depends on your need , if you have large amount of money and want regular uninterrupted income .

Please note that you are buying insurance of the interest rate .

In 2008 , interest rate was 9 % and today interest rate is 5% . So anyone who bought Jeevan Akshay in 2008 would still be getting regular income at the rare of 9% though interest rates have fallen .

So Akshay is a good annuity product , you can choose annuity option as per your need .

Think you are buying insurance of the interest rate .

Just remember , you have no right on the lump sum amount and you can not withdraw or liquidate that .

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