ICICIpru life time gold policy

1. 

   manavjindal
   

   junior member
   Joined: Jun '09
   Posts: 6

   Reputation:11

    

   Annual Premium : Rs.200,000/
   Sum Assured : Rs.5,000,000/-
   Age : 31
   Policy Term : 44 Years
   Premium Payment Term : 3 Years
   My friend of ICICI has given this offer and said that after 44 years my total fund value would be:
   Rs 13,51,115 for gross interest rate 6% or
   Rs 1,67,14,860 for gross interest rate 10%
   This policy sound good to me can any one suggest weather I should buy this plan or not.

   Posted 2 years ago #
2. 

   Pooja
   

   member
   Joined: Jun '09
   Posts: 28

   Reputation:28

    

   Well in this ULIP plan there are some good points which I noticed :
   1. after 3 years time you can get 100% surrender value.
   2 Within the policy period (44 years)if insured dies then his nominee receives sum assured Rs 5,000,000.
   3.Invested amount plus your returns both are tax free.
   4.It basically have more than 7 funds, so you can switch to another fund when ever you want.
   5.Starting switches are free of cost.
   6. Your total investment is 600000 and amount you receive after 44 years is 13,51,115

   Negative points
   1.Your 6lac would get locked for 44 years.
   2.Many charges like premium Allocation, Fund Managment Charges, Mortality Charges and Policy Admin Charges are there.

   According to me ULIP is good plan just see the charges and compare it with other insurance policy before taking any step.

   Posted 2 years ago #

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