A representative from Axis Bank has suggested me to take Life Gain Plus. I will get deduction under section 80 C and 1010D on maturity. What is your say on this? Is the plan worth investing money in it?
Life Gain Plus plan is not good from investment point of view. And the same is applicable on it from insurance point of view. It is basically an insurance plan from Max Life Insurance and Axis Bank is acting only as its agent. The returns are also not lucrative. In my opinion, it is a clear no no case.