ICICI Pru Immediate Annuity
Wide range of annuity options
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Fixed payout, that is free from market fluctuations
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Immediate annuity payout - monthly, quarterly, half-yearly or yearly
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Return of Purchase Price (optional) on death, Critical Illness or Permanent Disability due to accident
Why choose the ICICI Pru Immediate Annuity?
Why choose the ICICI Pru Immediate Annuity?
Pay once and get guaranteed regular annuity for life (Annuity)
Get attractive annuity rates
Joint life option for spouse/parent/child/sibling
Choose from 11 annuity options depending on your need
Benefit of 1 % increased annuity for National Pension Scheme (NPS) subscribers
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Why choose ICICI Prudential Life?
Total inforce policies#
7,480
as on 30th September 2025
Number of lives covered
71,32,342**
Over
2 decades
of expertise in Employee Benefits
Claim Settlement Ratio
99.43%*
Claims settlement TAT
1.21 days*
Claims settled
2,265*
Group Sum Assured
₹13,549.97 Bn
#Count of employer-employee policies
** Total number of lives covered under employer-employee inforce policies
*Data for current financial year as on 30th September’2025
Source – Quarterly IRDAI public disclosures. Please refer to Public Disclosure section on ICICI Prudential website for more details
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Frequently asked questions
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For whom is ICICI Pru Immediate Annuity best suited?
This plan is ideal for anyone who is close to retirement and requires an immediate and steady income stream. It is also the best option for those who have a lump sum amount for investment and prefer low-risk investments to have a regular source of income for life.
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What is the best time to buy the ICICI Pru Immediate Annuity plan?
The best time to buy this plan is when you are about to retire. In case you are at the point where you have sufficient time and resources to retire, you can choose a deferred annuity plan. Such a plan offers regular income from a later date that is predefined at the time of purchase.
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What is the frequency of payouts?
The ICICI Pru Immediate Annuity offers the flexibility to receive payouts monthly, quarterly, half-yearly or yearly. You can choose the frequency as per your requirements.
Disclaimers
- ^Tax benefits under the policy are subject to conditions and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- ICICI Prudential Life Insurance Company Limited is only the name of the Life Insurance Company and ICICI Pru Immediate Annuity is only the name of the insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- © ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered life insurance company with IRDAI, Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-25. Helpline number (Toll free)- 1800 2660. For more details on the risk factors, terms and conditions please read the product brochure carefully before concluding the sale.
- ICICI Pru Immediate Annuity - UIN: .
- ADVT: W/II/1202/2025-26
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