ICICI Pru GIFT Select savings plan: A guaranteed income scheme with 5% compounded growth – who should invest? A financial planner explains
Last Update Date: 06-10-2026
Published by Bhaskar English
Abhishek Kumar's role: Quoted
Abhishek Kumar worked through the insurer's own illustration, said the plan's yield was low, and suggested a pure term plan plus debt investments may suit many buyers better, while noting it can fit those who want regular payouts and their premiums back.
More of Abhishek's views on money management
A life insurer has launched a long-term savings plan that combines a fixed income stream with life cover. Buyers can choose when the income starts, how long it runs and the lump sum paid at maturity, and can opt for payouts that rise each year. The piece also weighs who such a product suits.
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ICICI Pru GIFT Select savings plan: A guaranteed income scheme with 5% compounded growth – who should invest? A financial planner explains