Need A Financial Product Forums Trading/Investments Should I surrender insurance policy under ICICI Guaranteed Savings Plan

This topic contains 1 reply, has 2 voices, and was last updated by  Nikhil Kala 2 years, 11 months ago.

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  • #47065

    Nikhil Kala
    Member

    I have 3 years old insurance policy under ICICI Guaranteed Savings Plan. I am getting tax benefit. I am interested in knowing the rate of return that I will get at the end of maturity of 15 years. If I surrender it today, I will 1/3rd of what I have paid. What you suggest ? should I continue with the policy or should I surrender it?

    #47066

    For each of these two options, individually calculate your outflows and inflows (including tax benefits). From there, you can calculate the profitable option. However, in my opinion, you should surrender it to avoid further losses.

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