Are you ready for your second innings?
One thing in life is certain - your retirement years will be an amazing journey of self-discovery. But remember, whatever plans you have in store, you need to keep some money aside to secure your future. The first basic requirement after retirement is to ensure you have a steady flow of income so that your regular expenses are covered.
With ICICI Pru Immediate Annuity, you won't have to worry. This plan provides you with guaranteed income for your entire life. That's not all, the plan also gives you a wide range of annuity options that can provide a secure future for you, your spouse and even to your grandchildren.
Benefits Of ICICI Pru Immediate Annuity Plan
Wide Variety Of Payout Options
4 Simple Steps To Buy Online
Things you need to know
Things you need to know
What other benefits come with this plan?
Who all can buy this plan?
Immediate Annuities shall be offered to both individual and group customers, this will include:
Individuals who need income for life and want to purchase annuities from their savings or their NPS corpus
Individuals who want to purchase annuities under deferred pension plans offered by ICICI Prudential Life Insurance Company Limited.
Group Members who want to purchase annuities from their superannuation fund managed by ICICI Prudential Life Insurance Company Limited or otherwise.
What is the maximum and minimum Annuity per annum?
What are the boundary conditions?
The minimum age at entry for the annuitants is as follows:
Annuity |
Annuitant |
Nominee of a deferred pension plan |
|---|---|---|
| Group Superannuation | 30 Years last birthday in case of single life annuity 30 Years last birthday in case of joint life annuity |
0 Years last birthday |
| Individual Standalone | 30 Years last birthday; 20 years last birthday for nominee of National Pension Scheme(NPS); 55 Years last birthday if the policy is purchased as QROPS through transfer of UK tax relieved assets |
0 Years last birthday |
What all Critical illnesses are covered under the plan?
Following Critical illnesses are covered under the plan:
1. Cancer of Specified Severity
2. Heart Attack
3. Coronary Artery Bypass Graft Surgery (CABGS)
4. Kidney Failure
5. Stroke
6. Major Organ Transplant (as Recipient)
7. Permanent Paralysis of limbs
For definition of illnesses covered and terms & conditions, please refer sales brochure.
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