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ICICI Pru Group Immediate Annuity Plan is a plan that helps employers to pay pension to their employees. Annuity is a retirement benefit that employees receive as regular income. The income in the form of a pay-out starts at the time of your retirement. The Group Immediate Annuity Plan ensures that the employer has sufficient funds to take care of their employees.
The following eligibility criteria must be fulfilled when applying for the ICICI Pru Group Immediate Annuity Plan Plan:
Type of Plan | Annuity Plan |
The pay-out and premium payment frequencies under the ICICI Pru Group Immediate Annuity Plan are indicated in the table below:
Premium Payment Frequency | Once |
Pay-out Frequency | Yearly/half-yearly/monthly/quarterly |
*Premiums vary based on age, location, plan term and other factors
The ICICI Pru Group Immediate Annuity Plan offers the following benefits:
Pay-out Options |
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Pay-out Options:
Under the Group Immediate Annuity Plan, both the group administrator and the employee can avail tax benefits under the prevailing tax laws.
There are no add-on plans under the ICICI Pru Group Immediate Annuity Plan.
Some of the other benefits that can be utilised by a policyholder while purchasing the ICICI Pru Group Immediate Annuity Plan are:
The ICICI Pru Group Immediate Annuity Plan allows you to choose from two investment options and offers solutions that are customised to meet your needs. ICICI Prudential Life Insurance offers highly competitive and dedicate team that assists you in availing the plan and its benefits. The settlement is quick and hassle-free. In addition to these features, ICICI Prudential offers discounts to its customer buying this plan.
A. The premium payment under this plan is made at once by the employer.
A. The premium payment under this plan is made at once by the employer.
A. The premium payment under this plan is made at once by the employer.
A. The premium payment under this plan is made at once by the employer.
A. The premium payment under this plan is made at once by the employer.
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