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Product Information
Retirement Plans ICICI Pru Immediate Annuity
Synopsis:
A plan that not only give you an income for life but also provide you options to match your needs.

Highlights:

  • Life Annuity : Annuity for Life Life Annuity with Return of Purchase Price :
  • Life Annuity for annuitant with return of purchase price on death to the beneficiary.
  • Joint Life, Last Survivor without Return of Purchase Price : The annuity is first paid to the annuitant. After the death of the annuitant, the spouse receives a pension, which is an amount equal to the annuity paid to the annuitant.
  • Joint Life, Last Survivor with Return of Purchase Price : The annuity is first paid to the annuitant. After the death of the annuitant, the spouse receives a pension which is an amount that is equal to the annuity paid to the annuitant. After the death of the last survivor, the purchase price is returned to the nominee.
  • Life Annuity guaranteed for 5/10/15 years and thereafter : Guaranteed annuity is paid for the chosen term (5/10/15) and after that, the annuity continues as long as the annuitant is alive.
Eligibility:
Modes of Annuity Payment Yearly / Half yearly / Monthly / Quarterly
Min. annuity payable Rs.100 p.a
Min. / Max. age at entry 45 / 100 years
Min. / age at entry (spouse) 20 years
Min. / Max. Policy Term Not applicable