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Jun 18, 2024 · Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a retirement and pension scheme managed by LIC. It provides fixed-rate returns for 10 years to Indian senior citizens, with various benefit options like death benefits and loans.
Pradhan Mantri Vaya Vandana Yojana PMVVY is an insurance policy-cum-pension scheme that provides security to senior citizens. This pension plan is provided by Life Insurance Corporation (LIC) which caters to one’s need for post-retirement financial planning.
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which was available from 4th May, 2017 to 31st March, 2020.
Pradhan Mantri Jan-Dhan Yojana (PMJDY) ensures access to financial services, namely, banking savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. You can find detailed information about this scheme and all benefits provided to target groups under it.
May 22, 2020 · The Union Cabinet has extended Pradhan Mantri Vaya Vandana Yojana (PMVVY) for a period of three years. This social security scheme for senior citizens will now be valid till March 2023. Earlier, the scheme was open till 31 st March, 2020.
Jan 5, 2018 · Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions.
Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched as a government pension scheme for senior citizens which is managed and operated by Life Insurance Corporation (LIC). Some of the major benefits of the scheme are mentioned below: The scheme provides an assured return of 8% p.a. payable monthly and is exempted from service tax/GST.
Pradhan Mantri Vaya Vandana Yojana is an insurance policy-cum-pension scheme that provides alternative avenues of income to senior citizens of the country. Backed by the Indian government, this pension plan is provided by Life Insurance Corporation (LIC), which caters to one’s need for post-retirement financial planning.
For the first financial year i.e. upto 31st March 2021, the Scheme will provide an assured pension of 7.40% p.a. payable monthly. LIC of India is solely authorised to operate this scheme. This scheme can be purchased offline as well as online. To Purchase this scheme online please log on to our website www.licindia.in. a. Pension Payment :
The scheme is aimed towards providing social security during old age and to protect elderly people aged 60 and above against a future fall in their income due to uncertain market conditions. The scheme provides an assured return of 8% per annum for 10 years.
