The ₹16 Lakh Question: Is a Life Guaranteed Savings Plan Worth Locking Your Money Into?

What the plans pay in rupees, what the word “guaranteed” really covers, and who should (and shouldn’t) sign up

Meera is 32. She has a decent job, a SIP she has kept running for four years, and a habit of opening her investing app at 11 p.m. Last month the app stayed red for three weeks straight. She wasn’t panicking, exactly. She was tired, the way you get tired of a tap that won’t stop dripping.

Then her cousin said, over chai: “Why not put something in a plan where the payout is fixed? No ups, no downs.” A colleague overheard and snorted. “Insurance savings plans? Worst returns in the market.” Both of them sounded completely sure. Neither had shown her a single number.

Here’s the awkward truth: they’re both partly right, which is exactly why this topic confuses so many people. A guaranteed savings plan isn’t magic, and it isn’t a scam. It’s a specific tool with a specific job. Used for that job, it works quietly and well. Used as a stand-in for an equity portfolio, it disappoints.

This guide walks through the ICICI Prulife guaranteed savings plan family. A quick note on names: you may know the company as ICICI Prudential Life, with the old web address iciciprulife.com. The insurer now operates as ICICI Life, and the plan pages sit on icicilife.com, though many plans still carry the “ICICI Pru” label. Same insurer, same regulator (IRDAI registration 105), new signboard.

We’ll cover how these plans work, what they pay in actual rupees, what the guarantee covers (and what it quietly doesn’t), the tax angle, and how to decide whether one belongs in your plan. The figures come from the insurer’s own plan pages as I read them in October 2026. I’ll point out where you should re-check before you pay anything.

A guarantee is a promise about the number. It says nothing about what that number will be worth when you finally collect it.

What “Guaranteed” Actually Means (And What It Doesn’t)

The plain-English definition

A life insurance savings plan with guaranteed benefits does two things at once. You pay premiums for a period you choose. In return, the insurer commits, in writing and on day one, to pay you a fixed amount (or a fixed stream of income) at dates you also choose. Along the way, your family has life cover.

The insurer’s own plan pages describe these products with a mouthful of regulatory labels: “non-linked, non-participating, life individual savings product.” That phrase is worth unpacking, because it tells you what you’re really buying:

• Non-linked means your money isn’t invested in market-linked units. Your payout doesn’t rise or fall with the Sensex.
• Non-participating means there’s no profit-sharing. You don’t wait for the insurer to declare a bonus; the benefits are written into your policy contract at purchase.
• Individual savings product means it’s meant for building a corpus or income for a goal, with life cover bundled in.

Think of it like a fixed-price monthly mess plan versus ordering lunch every day. The mess plan won’t give you a surprise biryani feast, and it won’t charge you surge prices either. You know the bill and you know the menu. Some people find that boring. Others find it the only way their budget survives the month.

The condition behind the word

The guarantee isn’t unconditional, and the insurer’s pages say so plainly. Benefits are payable only if you’ve paid all due premiums and the policy is still in force on the relevant date. Skip premiums, let the policy lapse, and the promise changes shape. We’ll get to what happens then in the fine-print section, because it’s the part most people read last and regret first.

Three jobs in one policy

When people compare these plans with a fixed deposit or a mutual fund, they often forget that the policy is doing three different jobs simultaneously:

1. A guaranteed payout. A lump sum, or a flow of income, whose size is fixed when you buy.
2. Life cover. If the policyholder dies during the term, the nominee receives a death benefit. In the Guaranteed Income For Tomorrow lump-sum illustrations, for example, that cover is ten times the annual premium.
3. A defined tax treatment. Premiums may qualify for a deduction and the payout may be tax-free, subject to conditions we’ll lay out later.

What the guarantee does not do

It does not protect against inflation. It does not give you liquidity, since getting out early usually costs you. And it doesn’t flex: if your income jumps or your goal changes, the policy stays exactly as written. None of these is a defect. They’re the price of certainty. The mistake is paying that price without knowing you’re paying it.

Meet the Plans: ICICI Life’s Guaranteed Lineup

ICICI Life sells several non-linked savings products, and the names blur together. Let’s separate the two that most people actually shop for, then glance at the rest.

ICICI Pru Guaranteed Income For Tomorrow (GIFT)

This is the insurer’s flagship guaranteed income plan, and it’s built around a simple question: when do you want your money back, and in what form? The plan pages show three variants side by side, and the insurer’s disclosures list a fourth, a single-pay income option. Here’s how the main three compare.

Illustrated by the insurer for a 30-year-old male at annual premiums from ₹30,000 to ₹2,50,000, with specific term combinations. Your own age, gender, premium and term will change the figure

Notice how the choice of option mostly decides when you want to feel the money. The lump-sum version suits a dated goal: a down payment, a child’s admission fee, a wedding. The income version suits someone building a second pay cheque for later years. The early-income version is the odd one out. It starts dribbling small payouts from year two and layers a bigger regular income on top later, which is useful if you want some cash flowing while the main stream is still being built. It also shows the lowest illustrated IRR of the three, which is the cost of getting money sooner.

Two features deserve a mention. Save the Date lets you receive income on a date that means something to you, like a birthday or anniversary, on the income and early-income options. If you choose a date later than the first due date, the payouts are increased for the wait at 3% a year, compounded monthly. And if the policyholder dies during the income period, the nominee keeps receiving the guaranteed income, or can take the remaining payouts as a lump sum discounted at a rate the insurer states is not guaranteed.

ICICI Pru Assured Savings Insurance Plan

This is the older, more traditional-feeling cousin, and its mechanics are different enough to deserve a separate look. Each year, the insurer adds a guaranteed addition to your policy, calculated as a percentage of the total premiums you’ve paid so far. The percentage depends on your policy term: 9% for a 10-year term, 10% for 12 or 15 years, and 11% for 16 or 20 years, as per the insurer’s product pages.

At maturity you receive the accumulated guaranteed additions plus a Guaranteed Maturity Benefit that is fixed at inception and depends on your term, premium, payment term, age and gender. Life cover runs through the whole term. Entry-age and premium limits have changed between product versions, so confirm the current brochure before you assume any figure you see in a bank-partner page or an old PDF.

The practical difference from GIFT: Assured Savings is a “build up and collect at the end” design, while GIFT gives you a menu of payout shapes. If your goal is one clean lump sum on one date, both can deliver. If you want income in the later years, GIFT is the one with the vocabulary for it.

The rest of the family, and a trick for reading any plan name

ICICI Life’s disclosure list also includes a long-term variant of GIFT, the Gold plan and a Gold Pension Savings version, and the Guaranteed Pension Plan with a flexi edition. Their terms differ, so read each brochure on its own merits rather than assuming they work like GIFT.

Run the Numbers: What Your Money Actually Becomes

Meera’s ₹5,000-a-month test

Let’s use the insurer’s own headline example. Pay ₹5,000 a month for 12 years and the lump-sum option shows a return of ₹16.15 lakh at the end of a 20-year policy term, with ₹6 lakh of life cover along the way. That illustration is for a 30-year-old healthy male, excludes taxes and includes the 2.5% extra for buying online.

Do the arithmetic. Over twelve years Meera pays ₹7.2 lakh in total. She collects ₹16.15 lakh eight years after her last premium, a bit over 2.2 times what she put in. By my own rough calculation, treating each monthly payment as it falls due and ignoring taxes, that works out to roughly 5.8% a year. It sits in the same neighborhood as the insurer’s published IRR range for the lump-sum option, which is a reassuring sign that the illustration isn’t hiding anything strange.

Here are more of the insurer’s sample figures, all for a 30-year-old healthy male, all including the online benefit and excluding taxes. One caution: each column uses different term combinations, so don’t compare across columns. Compare down them.

Notice the scaling. Double the premium, roughly double the payout. That linearity is the whole point. There’s no market to hit and no fund manager to hope for. You can plan to the rupee.

The IRR reality check

The insurer’s illustrated internal rate of return across these options sits roughly between 5.1% and 6.2% a year before any tax effect, with higher premiums nudging the figure up a little. That’s the honest headline. It’s neither the “double your money” energy some agents bring to the table nor the “terrible returns” your colleague mentioned.

Whether 5-6% is good depends on the yardstick. Against a bank deposit rate, you should check today’s rates and compare after tax, since interest on deposits is taxed at your slab while a qualifying policy payout can be tax-free. Against equity over twenty years, history suggests markets have tended to deliver more, but with years that hurt along the way. Against the PPF, check the current rate, the lock-in, and the contribution cap. The right comparison isn’t “which is highest” but “which does this specific job, at this risk level, with these conditions.”

There’s one more adjustment worth making, and it works in the plan’s favor. If you can claim the premium deduction and the payout qualifies as tax-free, your after-tax return is higher than the headline IRR suggests, because a deposit’s interest is taxed every year while a qualifying policy payout isn’t. How much higher depends entirely on your slab and regime. A person in the top bracket under the old regime gains the most; someone paying little or no tax, or who has moved to the new regime, gains little or nothing. Run your own numbers, not the brochure’s top-slab example.

Inflation: the quiet subtraction

Here’s the part the brochure won’t dwell on. A fixed rupee amount in year 20 buys less than the same amount today. I ran Meera’s ₹16.15 lakh through three inflation rates:

Meera paid ₹7.2 lakh in rupees that have today’s buying power. At 6% inflation, her guaranteed payout is worth less than that in the same terms. She’d still have enjoyed life cover and, depending on her tax situation, a tax-free payout, but the lesson is clear: a guaranteed plan protects the number, not the purchasing power. That’s why it belongs in the “certain” part of a portfolio and not as the whole thing.

Tax, Loans, Claims, and the Clauses People Skip

Tax in three layers

The insurer’s pages reference the Income Tax Act, 2025, which replaced the old numbering, so you’ll see section numbers that may not match what your accountant remembers. As the pages present it, there are three layers to check.

• Premium deduction. Premiums qualify for a deduction up to ₹5 lakh a year under Section 123 (read with Schedule XV). The insurer’s “₹46,800 a year” figure is simply 31.2% (the top slab rate including cess) applied to ₹1.5 lakh. Your actual saving depends on your slab, and, importantly, on whether you remain in a tax regime that allows such deductions at all.
• Tax-free payout. The maturity amount can be exempt under Section 11 (read with Schedule II), subject to conditions. One condition matters a lot: for policies issued on or after 1 April 2023, if the total premium across your non-linked policies exceeds ₹5 lakh in a year, the exemption doesn’t apply.
• The insurer’s disclaimer notes that individual life policies issued or premiums due on or after 22 September 2025 are exempt from GST. Check what’s charged in your quote.

Tax rules shift often. Treat this section as a map of where to look, then confirm with a tax professional or the insurer’s latest disclosure before you buy.

When life gets in the way

Most people buy these plans while feeling flush and optimistic. The real test arrives in year four, when a job changes or a medical bill makes the premium feel heavy. Here’s what the plan says about that moment.

• Stopping premiums after the policy has acquired a surrender value. The policy becomes “paid-up” and continues with reduced benefits.
• Stopping before it acquires a surrender value. The policy lapses and no benefits are paid. This is the harshest outcome, and it’s why the early years matter most.
• Borrowing instead. After the policy acquires a surrender value, you can take a loan of up to 80% of that value. It’s a cushion for emergencies, but check the interest and repayment terms in the policy document.

Before buying, ask for the year-by-year surrender value table. It’s the cleanest way to see how much flexibility you’re giving up, and how long the penalty period lasts. If the first few years show very little, make sure the premium is one you can carry comfortably through the toughest year you can imagine, not the easiest.

Claims, the nominee and the cooling-off window

ICICI Life advertises a ClaimForSure promise of settling death claims in one working day, with interest for delays beyond that. It comes with conditions: the policy must have been active for three consecutive years, all due premiums paid, mandatory documents submitted at a branch, total claims across the person’s life policies within ₹1.5 crore, and no need for on-ground investigation. Read those conditions, because “one day” applies only when they’re all met.

Also, the plan is not a guaranteed-issuance product. It goes through underwriting, which means your health, tobacco use and income details can affect acceptance. Disclose honestly. A claim rejected for non-disclosure is the cruelest way to learn why the form asked those questions. Finally, insurers in India give a free-look window after you receive the policy, typically 30 days, during which you can return it if the terms don’t suit you. Confirm the exact period in your policy documents and put the date in your calendar.

Who Should Buy One (And Who Should Walk Away)

Good fits

• You have a dated goal in rupees. A child’s college fees in 15 years. A house advance in 10. A fixed need on a fixed day is the plan’s home turf.
• You spend whatever sits in your account. Forced discipline is underrated. A policy you can’t casually redeem is a wall against your own impulses.
• You want a pension-like income later. The income and early-income options are designed for this, and you know the figure in advance.
• You’re already in the old tax regime with room left under the deduction limit, and you’d otherwise park that money somewhere less efficient.
• You can’t stomach volatility. If a 20% fall makes you sell, the “safe” plan may beat the “better” fund you’d abandon.

Poor fits

• You don’t have term insurance yet. The life cover inside a savings plan is modest, as little as ten times the annual premium in the illustrations, and nowhere near a proper protection need.
• You have no emergency fund. A locked-in policy is the wrong place for money you may need next month.
• You carry high-interest debt. Paying down a 16% card balance beats any 6% guarantee.
• Your goal is 25+ years away and you can ride out market swings. Equity usually has the edge there, and a fixed rupee amount decades out suffers the most from inflation.
• Your income is unpredictable. Missing premiums is the one way to wreck the guarantee.

The order of operations

1. Build an emergency fund of several months’ expenses in an easy-access account.
2. Buy pure term life cover and adequate health insurance.
3. Clear expensive debt.
4. Put long-horizon money (10+ years, flexible) into diversified equity.
5. Use a guaranteed savings plan for the fixed-date, fixed-rupee goals that remain.

That ladder isn’t scripture. It’s a sanity check, and most regrets I hear about come from someone who started on step five.

Three short stories

Meera, our 32-year-old, wants ₹15 lakh in 2042 for a house advance and has a term plan and six months of expenses in the bank. A lump-sum plan with a fixed maturity year fit. She’d treat it as the debt slice of her portfolio and keep her SIP running.

Suresh and Latha want to fund their daughter’s higher education. The insurer’s own child-goal example shows ₹1 lakh a year for seven years returning ₹12.91 lakh (on a 30-year-old parent profile, so your numbers will differ). They like that the payout lands when the fees do, and they pair it with a separate equity fund in case costs run higher.

Imran, 48, has no term plan, two credit card balances and a variable income. The honest advice for Imran isn’t any savings plan. It’s term cover first, debt clean-up second, and revisit this in a year. A guaranteed plan bought now would be a premium he’s likely to miss.

A Buying Checklist That Prevents Regret

Before you click anything

1. Name the goal and the date. “₹15 lakh by 2042” beats “save more.”
2. Use the plan’s calculator more than once. The guaranteed savings plan calculator on the insurer’s site lets you vary age, premium, payment term and payout year. Try three combinations and see how the return changes.
3. Ask for the benefit illustration and surrender value table. The illustration shows what you’ll receive; the surrender table shows what leaving early costs.
4. Check the UIN for an N, and confirm the plan is the non-linked one you meant.
5. Compare after tax. Put a deposit, a PPF contribution and this plan side by side using your actual slab and tax regime.
6. Buy online if you’re comfortable. The insurer adds an extra amount at maturity for online purchases (up to 2.5% on several options, 3.5% on early income). On its ₹10,000-a-month example it shows about ₹59,000 extra. Verify the figure in your own quote.

One habit pays for itself: read the “risk factors” and “terms and conditions” pages of the sales brochure, and actually read them, not skim. That’s where the exit rules, the exclusions and the definitions live. Twenty minutes with the brochure is cheap next to twenty years of a policy that doesn’t fit.

Keep these documents ready

The insurer lists a recent photograph, PAN card, an ID and address proof (Aadhaar, passport or driving license), a cancelled cheque for receiving the payout, and income proof. For salaried buyers that’s recent salary slips, Form 16, ITRs or six months of bank statements; for self-employed buyers, three years of ITRs. If you’re buying for a spouse or child, age proof for the life assured is needed too.

After you buy

• Set up auto-debit so a missed date never costs you the guarantee.
• Add a nominee and tell your family the policy exists. An unknown policy can’t pay anyone.
• Calendar the free-look end date and the payout date.
• Save the policy documents somewhere your nominee can find them.

Mistakes worth avoiding

• Buying for the tax saving alone, then discovering the regime you file under doesn’t allow it.
• Stretching the premium to the maximum you can afford on a good month.
• Treating the plan as a substitute for term insurance.
• Comparing the lump sum to your total premiums instead of to what that money could have done elsewhere.
• Skipping the surrender value table because the agent said “you won’t need it.”

The Bottom Line

Back to Meera at 11 p.m. She doesn’t need to pick a side between her cousin and her colleague. She needs to decide what job this money has. If it’s a fixed number on a fixed date, a guaranteed plan from ICICI Life can do that job with remarkable calm. If it’s a bet on building a bigger pile over decades, it’s the wrong tool, and that’s fine, because she already has a SIP for that.

The best financial plans aren’t made of one brilliant product. They’re made of several ordinary ones, each doing its own job. A guaranteed plan is the one that lets you sleep.

Your next step: pick one goal, write down the amount and date, and run it through the insurer’s calculator with three different payment terms. Then ask for the surrender value table, compare after tax, and decide with the numbers in front of you. If something in the illustration doesn’t make sense, call the insurer before paying, not after. This post is general information, not personal financial or tax advice, and the figures here reflect the insurer’s published material as of October 2026.

FAQs

1. What is a guaranteed savings plan?

It’s a life insurance plan with a savings element. You pay premiums for a chosen period, and the insurer commits at purchase to pay a fixed lump sum or income on dates you pick. Life cover runs alongside. The payout doesn’t depend on market performance, which is what makes it “guaranteed.”

2. Is ICICI Prudential Life the same company as ICICI Life?

Yes. The insurer rebranded from ICICI Prudential Life Insurance to ICICI Life, and its website moved from iciciprulife.com to icicilife.com. Plan names often still include “ICICI Pru,” and the IRDAI registration number is unchanged.

3. Are the returns really guaranteed?

They’re guaranteed subject to conditions: all due premiums must be paid and the policy must be in force on the payout date. If you stop paying, the policy may become paid-up with reduced benefits or lapse, depending on whether it has acquired a surrender value.

4. What is ICICI Pru Guaranteed Income For Tomorrow (GIFT)?

GIFT is a non-linked, non-participating savings plan that offers guaranteed payouts as a lump sum, a regular income, or an early income followed by regular income. You choose how long you pay premiums and when payouts begin, within the options the insurer offers.

6. How do the Lump Sum, Income and Early Income options differ?

Lump Sum pays one guaranteed amount at a chosen year. Income pays a regular flow starting a couple of years after premiums end. Early Income begins paying small amounts from the second year, then adds a larger regular income later, for a longer total payout period but a lower illustrated return.

7. How does the Assured Savings Insurance Plan work?

Each year the insurer adds a guaranteed addition equal to a percentage of total premiums paid so far: 9% for a 10-year term, 10% for 12 or 15 years, 11% for 16 or 20 years. At maturity you receive those accumulated additions plus a guaranteed maturity benefit fixed at inception.

8. GIFT or Assured Savings: which should I pick?

If you want income in later years, or a menu of payout dates, GIFT is built for that. If you want a single lump sum with additions building each year, Assured Savings fits. Run both through a benefit illustration for your age and compare the surrender value tables too.

9. What return can I realistically expect?

The insurer’s illustrated IRR ranges from roughly 5.1% to 6.2% a year across the main GIFT options, for a 30-year-old male, before tax effects. Higher premiums tend to show slightly higher rates. Your figure depends on age, gender, term and option.

10. What is the minimum premium?

For GIFT, it’s ₹30,000 a year for the Lump Sum (Limited Pay) option and ₹50,000 a year for the Income and Early Income options, as listed by the insurer. Other plans have their own minimums, so check the current brochure.

11. What are the entry and maturity age limits?

For GIFT, the maximum entry age is 50 for Lump Sum (Limited Pay) and 60 for Income and Early Income. Maximum age at maturity is 70 for Lump Sum and 73 for the income options. The minimum maturity age is 18.

12. Can I pay monthly, or only yearly?

You can choose monthly, half-yearly or yearly premiums, or a one-time payment on options that allow it. The insurer’s own examples use monthly payments, which makes a large annual premium easier to manage.

13. What happens if I stop paying premiums?

If the policy has acquired a surrender value, it continues as paid-up with reduced benefits. If it hasn’t, it lapses and no benefits are paid. Check the surrender value schedule before buying so you know exactly when the policy becomes safe to pause.

14. Is the maturity amount tax-free?

Under the insurer’s description, the maturity benefit can be tax-free under Section 11 (read with Schedule II) of the Income Tax Act, 2025, subject to conditions. It isn’t unconditional. One key limit concern high annual premium, covered below.

14. Can I claim a tax deduction on the premium?

Premiums can qualify for a deduction up to ₹1.5 lakh a year under Section 123 (read with Schedule XV), subject to conditions. Whether you can use it depends on the tax regime you file under, so check that before counting the saving.

16. What’s the ₹5 lakh premium limit I keep hearing about?

For non-linked policies issued on or after 1 April 2023, if aggregate premiums exceed ₹5 lakh in a year, the maturity proceeds don’t get the tax exemption. If you’re planning to put large sums in, the limit can change the maths completely.

17. Is GST charged on these plans?

According to the insurer’s disclaimer, individual life policies issued, or premiums due, on or after 22 September 2025 are exempt from GST. Applicable taxes, if any, are charged at prevailing rates, so confirm on your quote.

18. How much life cover do I get?

It depends on the option. In the insurer’s lump-sum illustrations, cover is ten times the annual premium: ₹6 lakh for a ₹5,000 monthly premium. That’s useful but modest, which is why a separate term plan is usually necessary.

19. What happens if the policyholder dies during the income period?

The nominee continues to receive the guaranteed income until the income period ends, or can choose to take the remaining payouts as a lump sum discounted at a rate the insurer says is not guaranteed and may change with regulatory approval.

19. What is the Save the Date feature?

On the Income and Early Income options, you can choose to receive income on a special date, such as a birthday or anniversary. If that date falls after the first due date, payouts are increased for the delay at 3% a year, compounded monthly.

20. Can I take a loan against the policy?

Yes, after the policy acquires a surrender value. The insurer states the maximum loan is 80% of the surrender value. It’s meant for emergencies, so read the interest and repayment terms before relying on it.

21. What is the extra benefit for buying online?

The insurer adds an extra amount when you buy online: 2.5% of the sum assured at maturity for Lump Sum (Limited Pay), 1% for single pay, 2.5% of guaranteed income for Income, and 3.5% for Early Income. Verify the exact amount in your own quote.

22. Can I buy the plan for my child or spouse?

The calculator lets you buy for yourself, a spouse, a child or a grandchild. In those cases, the life assured is that person, so age proof and underwriting requirements apply to them, and you should name the nominee carefully.

23. Is a guaranteed plan better than a fixed deposit?

They do different things. A deposit is flexible and simple. A guaranteed plan adds life cover and potentially tax-free payouts, but locks you in and penalizes early exit. Compare after-tax returns using your slab, and weigh liquidity honestly.

24. How does it compare with PPF?

PPF has government backing, a long lock-in and an annual contribution cap. A guaranteed plan has a contractual payout from a regulated insurer, life cover and flexible payout shapes. Check the current PPF rate and rules, and compare on the same tax assumptions.

25. Should I choose this over mutual funds?

Probably not instead of them, but alongside them. Equity funds have historically offered higher long-term returns with real volatility. A guaranteed plan covers fixed-date goals where you can’t afford a bad market year. Many people use both.

26. Should I buy term insurance before a savings plan?

In most cases, yes. Term cover gives far larger protection per rupee of premium. The life cover inside a savings plan is modest, so treat the plan as a savings tool and get the protection separately.

27. How badly does inflation hurt a fixed payout?

Quite a lot over long periods. At 5% average inflation, ₹16.15 lakh received after 20 years is worth about ₹6.1 lakh in today’s money. That doesn’t make the plan bad, but it means it shouldn’t be your only investment.

28. Can I surrender the policy early?

You can once it acquires a surrender value, but you’ll get less than the guaranteed benefits you’d have received by staying. Ask for the year-by-year surrender table before buying so you know the cost of leaving at any point.

29. What documents do I need to apply?

A recent photograph, PAN card, ID and address proof, a cancelled cheque, and income proof such as salary slips, Form 16, ITRs or bank statements. If you’re buying for someone else, age proof for the life assured is also required.

30. What is ClaimForSure?

It’s ICICI Life’s promise to settle eligible death claims in one working day, with interest for delays. Conditions include three years of continuous cover, all documents submitted at a branch, total claims within ₹1.5 crore, and no on-ground investigation needed.

Financial Disclaimer: This article is for informational and educational purposes only. It is a financial advice.
The author is  a licensed financial advisor. All investments carry risk, including the possible loss of principal.
Before making any investment decisions, you should conduct your own research to determine what is appropriate for your individual situation and risk tolerance. For further clarifications mail at sundarammurali2@gmail.com