Kumari Palany & Co

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LICs - Pradhan Mantri Vaya Vandana Yojana

Posted on: 22/Jul/2019 2:21:36 PM
For the welfare of senior citizens of our country, the Govt. of India announces a subsidised and attractive Pension Scheme, with LIC as the exclusive administrator.

Eligibility : 60 years of age and above

Single lumpsum premium : 
      Minimum - 1,50,000/- (for monthly pension), 
      Maximum - 7,50,000/-

Minimum pension : 1,000/- per month,
Maximum pension : 25,000/- per month

Mode of pension payment : 
  • Monthly, Quarterly, Half-yearly or Yearly
  • On death of the Pensioner during the policy term of 10 years, beneficiary receives the Purchase price
  • On survival of the Pensioner at the end of 10 years, Purchase price along with final pension installment will be paid