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 3 years, 4 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #47065

    Nikhil Kala

    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?


    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.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.