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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I have already given premium of 50K and Unsure about conitinuing or surrendering. It gives you tax benefit upto one lakh.

Manshu, You have provided a very informative analysis. Channces of higher returns in the future and there are no motality charges. Your valued comments would be much appreciated. Icici make fool to their costomer. You must read the brochure carefully and know what you are getting into. You can icoci a manager at higher post if you feel that you are not geting a good service.

I can only assume people get lost in the details and fail to ask real questions. I hereby authorize OneInsure to communicate with me icic the given number for my Insurance needs.

Will you pl cllarify.

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

GSIP might not be a great pure insurance product, but its not meant to be a pure insurance product in the first place. Now, the next and slightly trickier part — how much money do you get back? If you make FD you will get better even after paying taxes its 6.


Read prospectus carefully http: Do not club insurance with investment as both will suffer. Our Products Motor Insurance.

ICICI Pru Guaranteed Savings insurance Plan

Now, that I have this number — I want to know at what rate should I invest my money myself to reach this target. In fact i had inquired with ICICI pru about surrendering this plan, me having paid the premiums for more than 5 years. Keep a xerox of all the relevant documents. Low returns and very low liquidity.

ICICI Pru Guaranteed Savings Insurance Plan

Nor is gaip clearly mentioned in the policy document as to how they are able to arrive at the figure. I am not in support of icici or hdfc etc but the bottom line is you should always do the necessary research with reliable sources before giving your money to anyone.

When I tried to surrender, here is the math they sent me: All other features were the same as earlier.

Disciplined saving and Diversification through other than the known options for Tax Saving under 80C with no risk of premium loss b. Now I need to continue this till my 7th year else I lose all the money invested.


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. 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.

Do post any questions or comments that you may have and me and the other great commenters here will try to answer jcici.

So please give me genuine advice. Is there any way that i can get my money back from icici? As the admin of this website is working, no hesitation very shortly it will be well-known, due to its quality contents. Please help me in understanding this. It would have been a real disaster or like committing a suicide with the own money.

Gaurantee saving insurance plan Executive says: So im cautious now. There are other sides of this policy tooo.