'ICICI Pru Immediate Annuity' launched in India

MUMBAI: ICICI Prudential Life Insurance has unveiled 'ICICI Pru Immediate Annuity' to tap the Non Resident Indian (NRI) segment. It fulfills the requirements of NRIs with the help of regular income flow.

Mr Tarun Chugh, executive vice president, ICICI Prudential Life Insurance, said, “We have observed that one of the most important needs of the NRI's across the globe is that of gifting financial freedom to their ageing parents in India while ensuring preservation of capital. The ICICI Pru Immediate Annuity is tailored to suit exactly these needs. We understand the need of the customer to protect his capital and therefore have structured the product to support this.”

'ICICI Pru Immediate Annuity' offers guaranteed income and also fulfills multiple financial goals.