Bookmark this page

ICICI Prudential Guaranteed Savings Insurance Plan - Policy features
Loan facility : can avail of loans under this policy after completion of three policy years provided premiums have been paid for the first three years and the policy has attained a surrender value. Loan up to 80% of the surrender value can be availed.

Surrender value : If the proposer wishes to discontinue the policy, he or she will be entitled to a surrender value which is the higher of the Guaranteed Surrender Value (GSV) and Non Guaranteed Surrender Value (NGSV). The GSV will be 35% of the base policy premiums paid less than the first year's premium and extra premiums, if any paid under the policy.The NGSV will be equal to the present value of the Paid up sum assured (PUSA) , discounted at the Gross redemption yield at the review date immediately preceding the date of surrender, plus 2% per annum