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,

You can cal for 456 and 7 yrs respectively Plz correct me if I am wrong. Read All the terms and conditions carefully. As simple as that.

Then Go for a simple and easy plan. You can choose a term plan of any reputed Co. You can approach a manager at higher post if you icoci that you are not geting a good service. Sorry for the inconvenience caused.

Icjci made mistakes earlier, I now have a policy of NOT investing in any investment scheme that has an insurance component. I was super frustrated having caught up in this trap.

Your money will be invested in Govt securties and it is safe. I request to kindly advise if I should continue with this policy or stop depositing further premiums.

There is a lot of uncertainty regarding the returns without any commensurate benefit — I mean there is uncertainty in equity but then there is potential for upside as well. Please answer this simple math question. Please proceed with your query viswa says: The agent told that I can withdraw the money after 7 years keep it till 15 years. If the life insured dies anytime during the 15 year term he will get the higher of: Agent explained and showed me the following calculation if I deposited 50 K per year If withdrawn after premium paying term i.

Sorry but the returns dont get calculated like this for a policy which has premiums paid each year.

ICICI Pru Guaranteed Savings Insurance Plan

April 3, at 5: Should I continue this investment? I have spent considerable amount of time researching on this plan and this is my verdict. Small Life Cover d. April 4, at 7: Agree with your complaint but risk comes only from not knowing about the product you are buying. This plan falls under Section 80C tax saving schemes which means the premium payable will be applicable for deduction from your taxable salary under section 80C. It is not the insurance plan.

Okey Sir, Executive says: It is an endownment policy. March 3, at No cash back plan is good for investment.

So please guide me to claim my first premium amount back. Investment is investment gsi insurance is insurance. And if got then what amount I will take home after 7 years?

ICICI Pru Guaranteed Savings insurance Plan

We are sorry to hear your concern. Secondly, no bank offers If withdrawn after 15 Years, would get Rs. If isurrender the policy How much money i will get. Disciplined saving and Diversification through other than the known options for Tax Saving under 80C with no risk of premium loss b. You gxip get your money back at the time of maturity so in this case at the end of 15 years, and they have split how much you get in three buckets.

I have already paid a monthly premium of for 5 months. January 18, at Let me share my story.

My advice, avoid it. 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. If withdrawn after premium paying term icico. Buy a Health Insurance plan oif you are not covered by your Company. Other Questions by this User.

I will assume mostly they will go up and down with same rate. In almost all cases when you mix insurance and investment it turns out to be harmful to your financial life. The good part about this is that your insurance cover lasts for 15 years as well.

Disappointed with ICICI Pru GSIP , Will not get back any money after making Paidup ?

If I missed any point and mistake in calculation here please let me know, I will also love to invest in better plans. Please give me a minute, I will check that for you. Hi All, Is there an option of getting pension instead of icivi amount at the end of the policy tenure?