PMVVY Scheme – Pradhan Mantri Vaya Vandana Yojana Pension For Senior Citizens

By | June 16, 2017

PMVVY Scheme – Pradhan Mantri Vaya Vandana Yojana Pension For Senior Citizens, Maximum and Minimum Pension Slab, प्रधानमंत्री वाया वंदना योजना  (पीएमवीवीवाई)

A news pension scheme implemented by the Life Insurance Corporation of India is Pradhan Mantri Vaya Vandana Yojana (PMVVY).  This scheme launched in the last month. This scheme is follows Prime Minister Narender Modi earlier announcement regarding Senior Citizens (60 years and above). In this scheme they will get the benefit of guaranteed interested 8 percent for 10 years. This scheme will be operated by the LIC (Life Insurance Corporation). With the help of this scheme the old persons are able to earn their regular income at a time of falling interest rate.

Pradhan Mantri Vaya Vandana Yojana

So with the announcement of this scheme the senior citizen to earn regular income. So guys this scheme is only for one year after the date of the announcement. So guys you have to apply for the same as soon as possible.

NOTE:  Pradhan Mantri Vaya Vandana Yojana scheme Pension scheme available only for one year from the date of launches this scheme according to LIC.

Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana

PMVVY – Pension Scheme For Senior Citizen

As we know that PMVVY pension scheme is subsidized by the Government of the India.

Highlight key of Pradhan Mantri Vaya Vandana Yojana Scheme:-

  • You can purchase the Pradhan mantra Vaya Vandna Yojana pension scheme offline as well as online from  the official website of the  LIC i.e. licindia.in.
  • Under this scheme the Pensioner during the time of the police term of 10 years will get the pension at the each time period chosen by the  pensioner i.e. Monthly , Quarterly , Half-yearly and yearly .
  • The payment of the Pension shall be through NEFT transfer or Adhar Enabled payment system according to LIC.
  • If any of the pensioner died during the policy term of 10 year then the purchase price shall be refunded to  his legal heirs or beneficiary .
  • To get the entry in this scheme the pensioner age  is 60 years or above. As we know that there is no  upper age limit.
  • As they also decided the minimum and maximum limit of the investment in the Pradhan Mantri vaya Vandana Yojana Pension scheme. The amount mode be chose by the

For  Yearly Pension Mode

  • Minimum amount Rs.1,44,578
  • Maximum Amount of Rs.7,22,892.

For monthly mode

  • Minimum Amount of Rs.1,50,000/-.
  • Maximum Amount of Rs.7,50,000.
  • For example in the investment of Rs.1000/- in the Pradhan Mantri Vaya Vandana Yojana scheme is yearly you will get of Rs.83 per annum, half yearly of Rs.81.30 and quarterly of Rs.80.50 and monthly of Rs.80.

How to apply Online Pradhan Mantri Vaya Vandana Yojana Pension ( PMVVY) :-

So guys if you are interested in this scheme then you can apply for this scheme  online as well as offline. So here we gives you step by step to buy the PMVVY police in online way through the official website.

  • Firstly guys you have to visit the official website of the LIC i.e. licindia.in
  • Now you have to click on the Pradhan mantra Vaya Vandana Yojana and click on the buy policy online.
  • Now before purchase the said scheme you have to read the full information about the scheme.
  • Now click on the link” Buy Online” button.
  • Now you have to fill the all the correct details for which they asked/
  • Now after all you have to click on the “ get Access ID” Button and receive a Digit Acess ID of 9 Digit.
  • Now you will get the 9 Digit in your Mobile phone or    email id .
  • Now you enter it in the ID Box and click on the Click on proceed.
  • Now after enter your you again have to fill other mode details.
  • Now you have to pay the payment and for other further steps to buy online policy of PMVVY.