PM Vaya Vandana Yojana (PMVVY)

May 15, 2019 | Listed by karanchhabra | Category: Other Things

Pradhan Mantri Vaya Vandana Yojana (PMVVY) Pension plan provides immediate pension for senior citizens of 60 years and above. LIC Plan 842 can be purchased by paying a lumpsum amount to provide for pension payments of stated amount for the policy term of 10 years. There is a return of purchase price at the end of 10 years. Pension payment modes available for PMVVY scheme are monthly, quarterly, half-yearly and yearly. PMVVY Pension would be paid at the end of each period as per payment mode chosen starts as early as next month if monthly mode is chosen. On the death of the pensioner at any time during the term of 10 years, the purchase price will be refunded to the legal heirs/nominees.

PM Vaya Vandana Yojana (PMVVY)
Launch Date4 May 2017
BeneficiariesSenior Citizen
Official Websitehttp://www.licindia.in/

PM Vaya Vandana Yojana (PMVVY) Ranking & User Opinions

#16/21
in List of Narendra Modi Government Schemes
User Opinions

Question Answers on PM Vaya Vandana Yojana (PMVVY)

Warning: Content on this wiki page completly user generated. If any information found incorrect about PM Vaya Vandana Yojana (PMVVY) , you can suggest edit through comment/opinion to improve this page.