BUY LIC POLICY
LIC SENIOR CITIZEN PENSION PLAN - PRADHAN MANTRI VAYA VANDANA YOJANA Plan No 842 (PMVVY 2017)
Eligibility Conditions and Restrictions for purchase of Senior Citizen Pension Plan, the Pradhan Mantri Vaya Vandana Yojana Plan No 842 (PMVVY 2017) as to Age, Term, and Quantum of Pension is as follows.
|S.no||PARAMETERS||AGE & PENSION|
|1.||Minimum Age||60 Years Completed|
|2.||Maximum Entry Age||No Limit|
|3.||Policy Term||10 Years|
|4.||Minimum Pension||₹ 1,000.00 per Month|
|₹ 3000.00 per Quarter|
|₹ 6,000.00 per Half-Year|
|₹ 12,000.00 per Year|
|5.||Maximum Pension||₹ 5,000.00 per Month|
|₹ 15,000.00 per Quarter|
|₹ 30,000.00 pfer Half-Year|
|₹ 60,000.00 per Year|
Ceiling of maximum pension is for a family as a whole i.e. total amount of pension under all the policies allowed to a family under this plan, shall not exceed the maximum pension limit. The family for this purpose will comprise of pensioner, his/her spouse and dependents .
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LIC's NEW SENIOR CITIZEN PENSION PLAN, THE PRADHAN MANTRI VAYA VANDANA YOJANA PLAN NO 842 (PMVVY 2017)
The New subsidized Pension Plan announced by Central Government of India for Senior Citizens Aged 60 and above - Pradhan Mantri Vaya Vandana Yojana Plan No 842 (PMVVY 2017) has been launched with immediate effect from 4th May 2017 as promised in the Budget. This plan will be available for sale upto 3rd May, 2018. This is a Government subsidized pension Scheme which shall provide an assured return of 8%p.a. payable monthly (i.e. equivalent to 8.30% p.a.) on the pensioner surviving during the policy term of 10 years.
|1.||Yearly||₹ 83.00 P.A|
|2.||Half - Yearly||₹ 81.30 P.A|
|3.||Quarterly||₹ 80.50 P.A|
|4.||Monthly||₹ 80.00 P.A|
|S.no||MODE OF PENSION||MINIMUM PURCHASE PRICE||MAXIMUM PURCHASE PRICE|
|1.||Yearly||₹ 1,44,578.00||₹ 7,22,892.00|
|2.||Half-Yearly||₹ 1,47,601.00||₹ 7,38,007.00|
|3.||Quarterly||₹ 1,49,068.00||₹ 7,45,342.00|
|4.||Monthly||₹ 1,49,068.00||₹ 7,50,000.00|
Buy LIC's Senior Citizen Pension Plan, the Pradhan Mantri Vaya Vandana Yojana Plan No 842 (PMVVY 2017)© All Rights Reserved. WhatsApp: +919000759933. Email: email@example.com
Mode of Pension payment under Senior Citizen Pension Plan, the Pradhan Mantri Vaya Vandana Yojana Plan No 842 (PMVVY 2017) shall be Monthly, Quarterly, Half-Yearly or Yearly, the plan announced by Government of India.
The pension payment shall be through NEFT or Aadhaar Enabled Payment System .
The first instalment of pension shall be paid after 1 year, 6 months, 3 months, or 1 month from the date of purchase of the same depending on the mode of pension payment i.e. yearly , half yearly , quarterly or monthly respectively.
The submission requirements for the subsidized Senior Citizen Pension Plan, the Pradhan Mantri Vaya Vandana Yojana Plan No 842 (PMVVY 2017) are
Fill the following Online form to apply for Pradhan Mantri Vaya Vandana Yojana Plan 845 in Hyderabad. After receiving the information, LIC Official would call you and fix the appointment and shall send the authorized Life Insurance LIC Advisor to your place, to discuss, explain, and clarify any doubts that you may have. After thorough contemplations, LIC Proposal Form is offered to sign and necessary documents are collected along with the premium in the form of Bank's Cheque. Enjoy Happy retireament with additional subisidized pension scheme form government of India - Pradhan Mantri Vaya Vandana Yojana Plan No 842. You can also send the follwing information through contact of Whatsapp: +919000759933.