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Plan :Pradhan Mantri Vaya Vandana Yojana(842) Product Summary : "Pradhan Mantri Vaya Vandana Yojana" (Plan No. 842) is a Government subsidized 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 for citizens aged 60 years and above. Premium Payment Mode: Single Premium Mode of Pension payment: • The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension payment shall be through NEFT OR Aadhaar Enabled Payment System only. Pension Rate : • Yearly : 8.30 • Halfly : 8.13 • Quarterly : 8.05 • Monthly : 8.00 Minimum Entry Age : 60 Year Completed Maximum Entry Age : No Limit Minimum Sum Assured : • Yearly : 1, 44, 578 • Halfly : 1, 47, 601 • Quarterly : 1, 49, 068 • Monthly : 1, 50, 000 Maximum Sum Assured : • Yearly : 7, 22, 892 • Halfly : 7, 38, 007 • Quarterly : 7, 45, 342 • Monthly : 7, 50, 000 Min-Max Pension Limit : • Minimum Pension: Rs. 1, 000/- per Month Rs. 3, 000/- per Quarter Rs. 6, 000/- per Half-year Rs. 12, 000/- per Year • Maximum Pension: Rs. 5, 000/- per Month Rs. 15, 000/- per Quarter Rs. 30, 000/- per Half-year Rs. 60, 000/- per Year Policy Benefits : On Death : On death, the full purchase price will be refunded to nominee. Surrendered Value : Surrender would be allowed in special circumstances like critical / terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price. Loan : Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement.
Life Insurance Corporation of India (LIC) is the only public sector LIC in India. It was founded in 1956 with the merger of more than 245 Insurance companies and provident societies. It is the largest Life Insurance company in India with over 2000 Branches and over 14 Lakhs Agents to solicit Life Insurance Business in the country. LIC provides wide range of Life Insurance Plans from Pure Term Insurance Plan to Savings and Investment products. LIC has 8 Zonal Offices and 113 Divisional Offices. LIC has an average Claim settlement ratio of 98.2% which makes it one of the most trusted insurers in the country. For more details on Plans contact me; Ahmed Financial Solutions, LIC Agent, Mobile : 9966217344 Email : ahmeduddin1979@gmail.com
Last year on 01st September 2016, LIC dividend Cheque of 5% profit surplus amounting to Rs 25017570849/- being handed over to Finance Minister Shri Arun Jaitley. LIC of India is the only Life Insurance Company in India whose Traditional policies are Guaranteed by the Government of India 🇮🇳.
Get Guaranteed Pension from LIC Retirement Plan. Get 4, 80, 000 every year for Lifetime with Family 👪 fund of Rs 4 Crores. Pay 15, 500/- monthly for 30 years. For details please contact me; AHMED Financial Solutions LIC Agent, CB-13, Mehdipatnam Branch, Hyderabad, Mobile : 9966217344 Email : ahmeduddin1979@gmail.com
LIC's Crorepati Plan. Pay Rs 130000 per annum for 16 years and get Rs 1 Crore as Tax Free Maturity and plus Life Cover or an Asset of Rs 350000 for Lifetime after Maturity for your Family 👪. For details please contact me : 9966217344
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