ICICI Prudential GSIP is a traditional plan with limited premium pay option and bonus facility; The plan Offers Guaranteed Maturity Benefit. Can you tell me what kind of compounded anuualised returns I can expect from GSIP of ICICI Pru Life? I was made to purchase this policy by. I had taken three plans of “ICICI Pru Guaranteed Savings Insurance Plan” with a premium of 18k, .. I have also Taken GSIP during Feb,

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I was super frustrated having caught up in this trap. I am paying monthly Rs10, This site uses Akismet to reduce spam. I advice you please do not mix insurance and investments. Thanks for the interesting analysis.

Secondly, no bank offers In this policy, If the life insured dies anytime during the 15 year term he will get the higher of: Sixthly, try getting an agent who is well-off and selling policies is not how he makes a living. As you say i will getregular returns every month. The Policy will acquire surrender value only after completion of three Policy years and subject to payment of premiums for three full Policy years.

The surrender shall extinguish all the rights, benefits and interests under the Policy. So please guide me to claim my first premium amount back.


ICICI Pru Guaranteed Savings insurance Plan

Please give me a minute, I will check that for you. Death Benefit — In case of death of the Life Insured, the nominee receives the total of all premiums paid till date compounded at the rate of 5 percent per annum. Other Questions by this User. Should I continue ysip investment?

I lost some money in MAX Newyork life too. This site uses Akismet to reduce spam. If you want money before 15 Yrs I am adding this point as its not insurance, you are only covered with amount that you paidin GSIP there will be deductions gzip what you paid but in FD you will get it all.

Buy life insurance just like health insurance.

ICICI Pru Guaranteed Savings Insurance Plan

If you want to do your risk analysis and want help in setting up your investments; according to your risk taking capability, do write to us on nidhiinvestfin gmail. You can indicate your E mail ID here in case you are interested in knowing more.

It has total of seven premiums and out of which I have already paid one.

Hi Vishal, Vikrant, Did you get answer to your questions? I was interested in breaking the policy after 7 gsjp, but was unable to find any statement that stated i could end the plan after 7 years.

ICICI Pru Guaranteed Savings Insurance Plan | ULIP Plan – Details, Benefits & Reviews

Please give me a minute more. Your policy will acquire a surrender value on payment of premium for at least 3 policy years. Iam putting per month so it comes to per annum and I have already completed 4 successful years.


If I pay the premium this year I would complete 7 years. Soumitra, did you not know this when you bought the policy? Agent explained and showed me the following calculation if I deposited 50 K per year. You stop paying the premium — If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions.

Projections mentioned in brochure is not actual factual data. March 1, at 6: People will always think positive and expect the high returns at the end of 15th or 20th years. All other features were the same as earlier. Fourth, I have taken it because I wudnt like to pay for 50 lac insurance my whole life. What would be other investment products for me? This means that you could now have a chance to save tax over and above Section 80C. Sorry for the inconvenience caused.

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