Guaranteed Savings Insurance Plan GSIP

For any information regrding these GSIP product, please call me..i will help you
please contact :
Sandeep Krishnan
08943346303

If you like insurance kindly contact -8870734319

one of my friend approached me for gsip but being a renal transplant patient shall i go for gsip? is there any medical restrictions ?

one of my friend approached me for gsip but being a renal transplant patient shall i go for gsip? is there any medical restrictions ?

some call from delhi to inform me about gsip plan , they told me that if i will invest 20000 per year for seven year , i will get 30% bonus on rs/-20000 per year is it right or wrong, again they told me that company will generate my acivation code , than if i have some other policy of my family i will also gwt 30% bonus on any policy of icici pru life insurance is it right or wrong plz reply

according to me gsip is a good plan not telling best one coz no single plans are there in market that only giving best return coz it depends on requirement of customer everything is business but gsip giving approx guarantee amount..u are knowing at least about ur returns ... these are my opinion..if any plan giving really best then let me know pls and post ur comment....

By kaberi bangalore(silchar)

if i will invest 20000 for 7 years and the maturity be 15 years how much i will get at the maturity including regular additins at 3 %.
thanks
nidhi goel
9650095363

Feel free to call me any time ,regarding any financial advice.

08586968698

Call Me in regard to any of your insurance requirements.
My Number is 9819383251
Thanks

In my personal opinion it’s a waste. May be a simple FD will give you better.

1. This is no insurance. In case of claim, only the amount you paid and 5% compounded interest. If you make FD you will get better even after paying taxes its 6.219% compounded on amount paid.
Get a Guaranteed Death Benefit (GDB) (Conditions Apply ) which is sum
of all premiums paid till date compounded at the rate of 5 percent per
annum
2. They say FD rate can go down. So is their regular addition (which they don’t tell, and project is as high and constant). I will assume mostly they will go up and down with same rate.
Regular Additions (RA)
This guaranteed addition, expressed as a percentage of the SA, will
be declared at the beginning of every policy year

Regular Addition (RA): The RA will accrue at the end of each policy
year. It will be disclosed at the start of that policy year. The RA shall be
calculated as percentage of the SA. This percentage is guaranteed to be
50% of the annualised gross redemption yield (GRY) of the 10-year G-Sec,
rounded down to the lower 0.2%,as at the Review Date immediately
preceding the start of the policy year. The Review Date shall be the 7th of
the first month of every quarter. In case the 7th is not a working day, the
GRY of the next working day shall be considered for this purpose.

According to their projection if I pay 1L premium per year (i.e. 7L in total) I will just above 14L after 15Yrs (suggested by their agent to whom I met recently). Here they assumed constant 4.5% addition (i.e. 9% return on G-Sec which is on higher side for G-sec) (In Dec’11 actual rate of RA was 4.3%). I am sure if FD rates are going down then surely will be returns of 10 Yr G-sec so will be RA of GSIP.

So to make it apple to apple I will assume constant FD rate of 9% (30.9% tax each year so effective rate of 6.219% after tax adjustments). Let’s say we put 1L for 7 Yr and take out all money at end of 15Yrs.
1L invested for 15Yr @6.219%compounded ~= 2.47L
1L invested for 14Yr @6.219%compounded ~= 2.33L
1L invested for 13Yr @6.219%compounded ~= 2.19L
1L invested for 12Yr @6.219%compounded ~= 2.06L
1L invested for 11Yr @6.219%compounded ~= 1.94L
1L invested for 10Yr @6.219%compounded ~= 1.83L
1L invested for 9Yr @6.219%compounded ~= 1.72L

Total after 15Yrs 14.54L with all taxes paid for FD.

Other benefits of FD over GSIP:
1. No hard commitment. If you have more than 1L put it more. If you don’t have no loss like in GSIP where not paying premium will attract penalty/deductions.
2. If you want money before 15 Yrs (I am adding this point as its not insurance, you are only covered with amount that you paid), in GSIP there will be deductions from what you paid but in FD you will get it all.
3. After DTC tax don’t know how much will be tax benefit for payout as sum assured is only (max) 7x of annual premium.
4. Only guarantee made is RA is 50% of 10Yr GSec. No guarantee on how much maturity addition, just addition a high amount to artificially show returns higher.

I am not saying FD is very good investment instrument, but from calculations and other terms it seems GSIP is surely not better than FD by any angle.

Disclaimer: This is my personal opinion and calculation sharing with you. Use your own judgment. If I missed any point and mistake in calculation here please let me know, I will also love to invest in better plans ;-). I used the terms & conditions defined in their policy brochure at http://www.iciciprulife.com/public/Brochures/GSIP_brochure_FINAL.pdf

I feel I have wrongly selected this ICICI gurantee saving insurance plan policy. I am still continuing it. If i discontinue in the middle I have lose huge money. I am paying monthly Rs10,000. People will always think positive and expect the high returns at the end of 15th or 20th years.. good if you are getting it.. There are other sides of this policy tooo.. If the policy holders passed away in the middle (ie before 15/20 years) Did you know how much the nominee will receive? he/she will receive only the Sum assured with 5% interest. no extra benefits/bonus.

To get the entire benefit this policy, policy holder should survive for 15years in the case of 7 years premium paying term or 20 years if the premium paying term is 10 years.

great risky policy ...

hi

I planning to invested Rs.25,000/- I want to know if I pay for seven years in same rate and after ten years what amt would I receive at if i withdraw,is it guaranteed return ????

I planning to invested Rs.25,000/- I want to know if I pay for seven years in same rate and after ten years what amt would I receive at if i withdraw,is it guaranteed return ????

the yield for the plan will be approximately 9-11% over a long term

This is with ref to Mr. Varghese Babu query, for pension of approx 25 k per month, you need to invest 1 Lakh for 10 years (10 Lakhs) and need to wait for another 10 years. After 20 Years from today this will be approximately 35-40 lakhs even it is guaranteed. From this corpus you can take a pension for approximately 3.0 Lakhs per annum. (Prevailing pension rates are applicable) . For Details 09940067866

Sir, I m planning to purchase the icici guaranteed savings insurance plan this feb,2012 as my friend also invested his money in this plan. But i want to know the guaranteed exact rate of interest which will make my friend's money Rs.280063/- (PPT=40009/- per annum Term=15 years) to Rs.800000/- +.

iam 43 years, i expecting pension - Rs. 25,000/- per month. For this 25,000/- per month pension how much to pay for an year in pension plan and how many years to pay. Kindly advise me in details.

thanks

I was duped by an employee of the bank. He didn;t even tell me that I have to pay premium for min 3 years. Cheats!!!!!

any one need a more details of this policy and any one buy a this plan please contact me call me this no.9958175370.

i want to know full details abt GSIP policy icici

I want to know from ur end that if i paid Rs20,000/-for 7 yrs against GSIP , than what amount exactly I well get return after 15yrs

I want some information,of this plan.

hi ..

hi ..

hi,
i wanted to know about GSIP policy of icici, whether the rate of return is guaranteed or not.

To get service for your existing policies and future financial Planning, kindly do contact:
SELVI
09940067866

If i invested Rs.50,000/- for seven years what was my guaranteed returns or estimated returns after 15 years ????

siraj

For any query on GSIP do contact me Prakash : 9945159446, 9620267021

Dear friends,
i suggest dont go for icici prudential, i dont think this company may settle any claim from costomer.
In march 2011 i paid the policy amount and till today nov 2011 i didnt recived policy kit yet.
Policy certificate recived by me mistake in my name, & lots of mistake in my address. Sevral times i contacts to uniq manager but not yet any +ve responce. Before investing make sure your money is safe..!
Mob 9890154241

I want to know from ur end that if i paid Rs20000/per year -for 10 yrs against GSIP , than what amount exactly I well get return after 20yrs

If i invested Rs.20,000/- for seven years what was my guaranteed returns or estimated returns after 15 years ????

@ Anuj Gulati....if yu ar gng to remit te premium for 7 years..then the Maturity will be on 15 th year, you will get a sum of amount 14,70,000 min Guarantee.

I WANT THIS POLICY FOR MY FUTURE....

i'm ready to help you regarding any policy matter.
GSIP., is the best policy according to me.
Thank you :
Dillip Kumar Bidhar,
Financial Service Manager,
Icici Prudential
Contact No.+9238922427

Dear Prakash....
There are no any tools is matter to lead or miss-lead, before investment you need to analysis your goal and need.. if you analysis your goal no one miss-lead you... because you fulfilled your goal & your dream come true... So if you required Financial Planning tools I will provide you.... By the way if your investment Ratio is 20% in your portfolio then no matter... but be care in future....

iI WANT DEPOSIT 100000

i was misled by icici agent for this policy. He gave following stats for this plan. its particulars are 50k premium anually; policy term is 15yrs; premiums are paid for 7yrs.

so he said there will be a maturity addition at the 7th yr end and again at 15yr end. so he said, at 7th year end, i would get 6.47Lakhs.
but when i called the icici customer care, they confirmed that maturity addition will be only at the 15th yr end.

so ppl be aware of these misleading agents..

if i invest 1.00,000 p/a for 7 years how much i will get after 20 years.

I want to invest 20000/year,after 15 year whats the return amount and its guaranteed to every year 4% extra added with the same.

my invest amount 25000 /year after 2 year i want to change the plan of invest and collect the diposite amount then what will be return amount.
Rajesh kumar
cell 8793239204

i'm ready to help you regarding any policy matter.
GSIP., is the best policy according to me.
Thank you :)
Manoj Sharma,
Sr Financial Service Manager,
Icici Prudential
Contact No.+918898001202

i'm ready to help you regarding any policy matter.
GSIP., is the best policy according to me.
Thank you :)
Dillip Kumar Bidhar,
Financial Service Manager,
Icici Prudential
Contact No.+919337431581

This is an useless policy which offers return of premium with 5% interest compounded as death benefit. It not an insurance policy and something else which is against to the principles of life insurance

Dear friends
regarding any investment plan, tax saving plan, students plan, and for family floater u can call or sms on 9466611163.

always ready to help

sarvesh kumar
unit manager.

i'm ready to help you regarding any policy matter.
GSIP., is the best policy according to me.
Thank you :)
Reddy,
Financial Advisor,
Icici Prudential
Contact No.+919620591143

are you giving insurance in gsip? if yes,then on what basis?

i'm ready to help you regarding any policy matter.
GSIP., is the best policy according to me.
Thank you :)
Surendra Mitra,
Financial Advisor,
Icici Prudential
Contact No.+919830455725

Helo. sir,
I want to know from ur end that if i paid Rs18,000/-for 10 yrs against GSIP , than what amount exactly I well get return after 20yrs

I have invested Rs.25,000/- for first year I want to know if I pay for seven years in same rate and after ten years what amt would I receive at if i withdraw,is it guaranteed returns or estimated returns ????

I have invested Rs.25,000/- for first year I want to know if I pay for seven years in same rate and after ten years what amt would I receive at if i withdraw,is it guaranteed returns or estimated returns ????

i have invested 30000 for first year i want to know if i want to surrender after paying for seven years,what amt would i receive at the eight year if i withdraw,is it guaranteed returns or estimated returns

Stellar work there everyone. I'll keep on raednig.

I want to take health insurance of My mother. Her date of birth is 01/08/1950. so please tell me about IDBI term fedral of senoir.

sir
now iam 45 years old if i jointhe met suraksha trop pls tell me the annual premium ,
payment term amount gong to received,
please give me details

i t is very beautiful policy.

Does it cover the ICU expenses?? pls also tell how it is different from TATA AIG Criticare??

I am working as an Assistant Manager In National Insurance co,Ltd.,. Unfortunately, I met with an accident on 22/10/2010 and lost almost all teeth. Dentist suggest for teeth Implantation Surgery. Can I claim the cost of dental Implantation surgery through group Staff Mediclaim Policy,which is with New India Assurance co, Ltd.,. Please help me with valuable guidelines.
.S.REGUPATHY
CELL-09842979795
s.regupathy@nic.co.in