Pradhan Mantri Vaya Vandana Yojana Plan No : 842.Is a Pension scheme announced by the Government of India exclusively for the Senior Citizens aged 60 years and above. Plan available upto 31st March 2020.
BENEFITS OF THE SCHEME.
*Scheme provides an Assured returns of 8%p.a payable monthly equivalent to 8.30% p.a effective for 10yrs.
*On survival of the pensioner to the end of the policy term of 10yrs, purchase price along with the final pension installment shall be payable.
* Loan upto 75% of purchase price shall be allowed after 3 years. Loan Interest shall be from the pension installments and loan to be recovered from claim proceeds.
*On death of the pensioner during the Policy term of 10yrs, the purchase price shall be paid to the beneficiary.
*Investment limit maximum of Rs. 15 Lacs.
For more details on LIC's Pradhan Mantri Vaya Vandana Yojana contact your Best LIC Insurance Agent Ahmed Uddin. Mobile : 9966217344.
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