Personal Growth


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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Having made mistakes earlier, I now have a policy of NOT investing in any investment scheme that has an insurance component. Entry Age of Policyholder. I took one policy but latter i thought nothing is good in this. Please advice me if you can. Go for a simple term insurance [about a month will give you upto 50 lakhs cover] lcici good old PPF [if market risks scares you].

Minimum Annual Premium Amount. Gsi lost some money in MAX Newyork life too. If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.

Does the above statement mean that I get the money as illustrated after 7 years or beginning of eighth year if i withdraw from plan. Keep up the good work! The information is really very informative and insightful.


The only alternative to such products is mutual funds. Your email address will not be published. How do you suggest I accumulate the money? The Rs 1L invested will be after tax deductions, so its really 1. Icici make fool to their costomer. With Aegon iTerm plan, get term insurance cover till the age of ! Awaiting response viswa says: Okey Sir, Executive says: February 3, at 5: 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 gsipp would be eligible for any future regular additions.

Service tax and cess will be charged extra, as per applicable rates. Lets say we put 1L for 7 Yr and take out all money at end of 15Yrs. I am an ICICI adviser and also been fsip customer I am an engineer by profession, and NOT dependent on selling policies for a living Thridly, Manshu you are wrong to not take into account the fact that any FDs will attract tax on interest every year.

Premium Payment Term in years. It means after I will complete my 15 years from the plan has been effective I just want to know can I withdraw whole amount which comes to once I completed my 7 fsip years Or do the deduct any amount from my policy. Since I am in ifici for some urgent money I want to close the policy. The RA will accrue at the end of each policy year. However, this is one benefit you do get — so keep that in mind.


In fact i had inquired with ICICI pru about surrendering this plan, me having paid the premiums for more than 5 years. Let me share my story.

ICICI Pru Guaranteed Savings insurance Plan

I advice you please do not mix insurance and investments. ICICI guys are very aggressive in selling this product. Post receipt of the requirement, our representative will get in touch with you within 48 hours. My system is taking a little longer to provide the required information.

Yes I agree — let us not mix Insurance with investment. Drag according to your convenience.

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

For your insurance needs go for term insurance and for investment needs look at growth assets. If you stay for 15 year you will get between lakhs. So im cautious now. Start with some aggressive funds. It is not a waste investment at all!

July 11, at 4: What about the last 2 yr premiums. If yes, is the maturity benefit repatriable to UK.