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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Do not club insurance with investment as both will suffer. Can I sue them in court. 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. I was super frustrated having caught up in this trap.

Better not to say anything more.

Please let me know your comments. Service tax and cess will be charged extra, as per applicable rates.

The RA shall be calculated as percentage of the SA. If the life insured dies anytime during the 15 year term he will get the higher of: When calculated, i found to be losing a huge chunk of the money i have already paid them up.

Hello All, Thanks for sharing your thoughts. Nor is it clearly mentioned in the policy document as to how they are able to arrive at the figure. Can anyone clarify if the iicici terms actually imply that policy will lapse, even after being made paid-up.


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

In that case I would stay away from buying into any specific pension products and stick to other investments. The Review Date shall be the 7th of the first month of every quarter.

If I pay the premium this year I would complete 7 years. The good part about this is that your insurance cover lasts for 15 years as well. Debt funds for Investment.

Can you elaborate here whether or not it is factually correct that policy will lapse even incase of premiums being made for three policy years.

ICICI Pru Guaranteed Savings insurance Plan

Sum Assured is paid —2. Minimum Annual Premium Amount. No benefit shall become payable under the Policy if premiums are not paid for three policy years. 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. This is no insurance. Hi All, Is there an option of getting pension instead of lumpsum amount at the end of the policy tenure?

Icicj regret the inconvenience caused. This is my personal opinion and calculation sharing with you. It is though appearing on some cached pages when searched on Google. I am one of the fools you buyed this policy.

Please advice me if you gsi. If withdrawn after premium paying term i. Annual Premium x Premium Paying Term. Over 7 years this will be around 9. We take care of all the phases of insurance, whether you’ve bought the policy from us or not. Will I get the amount and benefits what I invested for 7 years? The points here are as follows. Soumitra, did you not know this when you bought the policy?


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

Your valued comments would be much appreciated. Rate the question You have rated this question. So, the guaranteed total is Rs. Write to us privately at assistance.

It really gspi on the product you choose, but there are options that can give you a pension for a lifetime. Post receipt of the requirement, our representative will get in touch with you within 48 hours.

Yearly, Half-yearly or Monthly. As for as life cover is concerned it is just too cheap to even consider, and about returns. The policy is declaring a bonus on SA. It has total of icoci premiums and out of which Lcici have already paid one.

August 16, at 2: You have ban to surrender your policy. Income earning person with no dependents: Great — looks like you have given quite a lot of thought to it.

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