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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If i discontinue in the middle I have lose huge money. In addition to this, the policy will also offer Guaranteed Regular Additions and Maturity Addition which is calculated as a percentage of the sum assured. Now, that I have this number — I want to know at what rate should I invest my money myself to reach this target.
I think the insurance cover is too low and the time frame too high. I have spent considerable amount of time researching on this plan and this is my verdict. Thanks — I can add that to my list of things to be done thought it will take some time since I already have over 18 drafts in there.
Go for a simple term insurance [about a month will give you upto 50 lakhs cover] and good old PPF [if market risks scares you].
Disappointed with ICICI Pru GSIP , Will not get back any money after making Paidup ?
Select City Mumbai, Maharashtra. It is though appearing on some cached pages when searched on Google. Fifthly, GSIP is not really an expensive product. If you have more than 1L put it more. The only alternative to such products is mutual funds.
Income earning person with dependents — Buy gaip term plan after buying above 2 plans.
What I can see in policy brochureis that if you surrender before 3 yrsyou lose all your money. Ok in that case you can be with the policy if your calculations tell you that you are getting good returns! Policy Term in years. I can help you in making a wholistic plan, esp if you have a young baby, as long as you are a reasonable person.
For more detail you can send me mail arvind. The agents assured me that the returns that I would get from the policy will be much higher than a PPF.
ICICI Pru Guaranteed Savings Insurance Plan | ULIP Plan – Details, Benefits & Reviews
March 6, at 3: Even though insurance cover has now been added to the scheme, the bank manager still maintained that there will be no mortality charges deducted from the policy holder. Learn how your comment data is processed. In my case I would receive after 15 years! December 13, iccici 3: The revival will take effect only if it is specifically communicated by the Company to the Life Assured or the applicant.
It gives you 8. It is not a waste investment at all! gspi
The ICICI Pru Guaranteed Savings Insurance plan is an endowment life insurance plan, and it gives you life insurance cover plus a certain amount at the maturity of the plan.
How do you suggest I accumulate the money? I am also sailing in the same boat.
Now I need to continue this till my 7th year else I lose all the money invested. But as you have stated at the beginning of that video tutorial, its meant for insurance policies with annual premium. Manylike myself, fall into the trap of not researching adequately and are left holding a dud in their hands.
ICICI Pru Guaranteed Savings insurance Plan
Income Tax Benefit — Premiums paid under life insurance policy are exempted from tax under Section 80 C and maturity proceeds are exempted from tax under Section 10 10D. Let me share my story. Better not to say anything more.
In case the 7th is not a working day, the GRY of the next working day shall be considered for this purpose. If withdrawn after 15 Years, would gzip Rs. I was under the impression that in this case I will be eligible for Reduced Sum assured after policy tenure 15 yrsas mentioned in the brochure.