Provisions of ICICI Pru Immediate Annuity
Provisions of ICICI Pru Immediate Annuity include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium. For example in case the life insured suffers disability due to some accident or in case of demise of the policy holder due to some accident. Special circumstances like the are covered in riders. In such conditions, these riders provide an option for you to surrender the policy and get back the money that you have paid in terms of premiums. Accidental Death is not applicable for this plan. Critical Illness cannot be availed under this policy. This insurance plan does not assure Term Rider. Permanent Disability is not applicable for this plan. Riders can sometimes be bought by paying additional premium.
ICICI Pru Immediate Annuity Plan Terms and Conditions include grace period, free look period, etc. Grace period is the period where in the policy can be reinstated by paying the unpaid premiums. Grace Period is not applicable for this plan. Free look period is the period where in you can return the policy if you are not satisfied with the terms and conditions of ICICI Pru Immediate Annuity Plan. Free look period available for this plan is of 15 Days.