ICICI Prudential Immediate Annuity Plan is a traditional pension plan where annuity starts immediately. It can be availed by individuals and groups (for superannuation) thereby making it a universal plan.
Secure Your Retirement with
100% Guaranteed
Pension For Life
Invest 20 Lacs Get ₹ 1.6 Lacs pension for Life
Guaranteed Return For Life
Multiple Annuity Options
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
45 years |
100 years |
Purchase Price |
100,000 |
No limit |
Annuity Payout |
100 |
No limit |
Annuity payout Frequency |
Monthly, quarterly, half-yearly, yearly |
Premium in Rupees for an annuity of Rs. 12,000 p.a.
Age |
Life annuity with Return of Premium |
Life annuity without Return of Premium |
45 years |
175,706 |
154,215 |
55 years |
175,788 |
144,669 |
65 years |
177,634 |
122,365 |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Grace Period: Grace period is not applicable.
Policy Termination or Surrender Benefit: The policy cannot be surrendered anytime.
Free Look Period: If the life insured is not pleased with the coverage, term and conditions of the policy then within 15 days of the policy issued he/she can cancel the policy. The policy can only be cancelled, provided there has been no claim.
Inclusions
Loan is not available under the plan
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply