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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.
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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 🇮🇳.
I am an Insurance Agent, Always there to help You, Contact me for all kinds of best and Policy. Retirement & Pension Plans, Marriage & Endowment Plan, Child Education Plan & Money Back Plan. Ahmed LIC Agent Mobile :9966217344, email : ahmeduddin1979@gmail.com
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
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