ICICI Prudential Life Insurance has launched its latest product in the market. The ICICI Pru Immediate Annuity which is meant for the NRI market. Through its structured investment plan, the parents of the NRI’s will get a comfortable and secure source of monthly income.
It’s a form of a retirement fund created by the children for their parents.
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The benefits are plenty with a fixed monthly income which will not be affected by changes in the market. And the initial investment will be returned once the beneficiaries expire. This is just a onetime investment with no monthly investments needed. Also the monthly payments right after the Annuity has been purchased.
All one has to do is open a Non Resident External Savings account and transfer the required funds to the ICICI Pru Immediate Annuity account. Once the beneficiaries have been mentioned as the parents who are living in India, the process of payments starts.
Also the interest rates at which the monthly payments are made can be adjusted if the residence country of the NRI has a higher interest rate.
Now how cool is that.
Just keep in mind that managing multiple policies, can be tricky. Thus register with us and we will take care of it all.
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This type of investment is the best. You get an insured amount of cash for years, that doesn't fluctuate! No guessing games. And if you find yourself in need of more cash, you can liquidate the structured settlement and get cash for structured settlements. This sounds like a good deal.
ReplyDelete-Jeff
Good plan of ICICI Prudential Life Insurance. If this type of product would launched in market, then i thought every NRI's parents will secure monthly income.
ReplyDeleteThanks for in advance that ICICI Pru immediate Annuity this helps most of the people to get cash for annuity.
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