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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Iccii Gautam all are saying that this is not a good policy. As I wanted to restructure the home loan, they are able to talk and convince me on the same.

Can someone tell me if there are any other penalties on the policy for not paying up remaining 4 years and is it a better decision than discontinuing the policy? Lets say we put 1L for 7 Yr and take out all money at end of 15Yrs. Small Life Cover d. I was made to purchase this policy by an agent despite of my very heavy resistance.

Leave a Reply Cancel reply Your email address will not be published. Let me share my story. Guaranteed Regular Additions — so far its been hovering around 3. I tried to cross-check with XIRR it returned I find that the easiest way to explain how this plan works is to take an example of one option with certain figures and go through it.

If you make FD you will get better even after paying taxes its 6. But in case of monthly cash outflows like in my scenario, i need to perform an additional step to arrive at the final IRR value.


In May, my 3 years will be up and I would like to cancel my policy then. I would recommend you to lapse the policy.

How do I go about it? It gives you 8.

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

I would like to know the current status of this policy, I mean to say if this policy carries good returns on maturity or should I stop depositing further premiums against this policy and when I will be able to get the proceeds against this policy for the three icicj already deposited.

It is an endownment policy. And make your decision. I suggest you …dont buy this policy ,its worst, they make fool in name of insurance, my agent iclci is also very bad, he not correct my address detail till now.

I would rather pay Rs. I am feeling being cheated here but not finding a way ahead. The ICICI Pru Guaranteed Savings Insurance plan is an endowment life insurance plan, and it gives you life insurance cover plus a certain amount hsip the maturity of the plan.

I given the cheque for same policyFor Rs. April 4, at So you invested 75 K ocici 3 yrs and you get at end of 3 yrs.

I forced to continue the policy because i have continued it for 2 years and invested huge amount in it. It will be disclosed at the start of that policy year.

ICICI Pru Guaranteed Savings insurance Plan

We regret the inconvenience caused. Hi, taken this policy in Now day banks are offering the icidi rate at I have spent considerable amount of time researching on this plan and this is my verdict. Use your own judgment. It is not the insurance plan. Buy a Health Insurance plan oif you are not covered by your Company. Manylike myself, fall into the trap of hsip researching adequately and are left holding a dud in their hands.


I have a feeling that it was a pure foolishness on my part to having fallen pray to the insurance agent. Select City Mumbai, Maharashtra. Having come this far — the last thing to see is what happens if you want to cancel the policy mid way because that seems to happen a lot.

This means that you could now have a chance to save tax over and above Section gspi. So, how much is the insurance cover? Re-checked it multiple times ggsip i did not expect this number. Since I am in need for some urgent money I want to close the policy. Luckily, as in the present case, I was able to google my way to reviews. I think the insurance gzip is too low and the time frame too high. It is compounded yearly.

A couple of things fsip first when DTC kicks in products like these will no longer get you the tax benefit — so you get in a 7 year commitment, but at the end of the first or second year you potentially lose any tax benefit that you got from the product and that impact real returns. The application for revival is made within 2 years from the due date of the first unpaid premium and before the maturity date of policy.

I have already paid 3 yrs premium. I lost some money in MAX Newyork life too.