Immediate Annuity
Everybody dreams about a worry-free and relaxed old age. Different people plan and
insure their retirement at different points of their lives. If you think you are
somehow behind the league and are lagging behind in this step, there is no need
to get tensed. ICICI Prudential has for you a unique retirement plan that is going
to help you start earning as soon as you retire.
The immediate annuity plan is available in five different annuity options where
the minimum annuity size is Rs 12000 per annum. The payout modes are extremely flexible,
and you can choose them depending on your needs, from monthly, quarterly, half yearly
and yearly. With many more added advantages, this plan is remarkably a good one
and a sure shot way out if you are a bit late in planning your retirement.
Immediate
Annuity at a glance
- Premium Payment Frequency -Single Premium Product
- Annuity Options Available - 5 annuity options
- Minimum Annuity Size -12,000 p.a.
- Minimum Age -45 years
- Maximum Age -80 years
- Minimum Spouse age (in case of joint options) - 20 years
Features
and benefits of Immediate Annuity
- Flexible Payout Modes-Monthly,Quarterly, Half-Yearly,Yearly
- Provision of Annuity Card which makes servicing of annuity very easy
- Five different payout options:
- Life Annuity
- Life Annuity with Return of Purchase Price
- Joint life Last Survivor without return of purchase price
- Joint Life Last Survivor with return of purchase price
- Annuity Guaranteed for 5/ 10/ 15 years and life thereafter
- No underwriting to be done in this plan
