PMVVY scheme will be available from Tuesday till March 2023 The maturity period of the scheme is ten years, 7.40 percent of the first year will be given
New Delhi. Life Insurance Corporation of India (LIC) has once again launched its Pradhan Mantri Vaya Vandana Yojana. Starting today, this revised plan will be available to all characters. Under the amendment in this scheme, the government has changed the interest rates for people aged sixty years or more. Pradhan Mantri Spend Vandana Yojana is an important scheme for PMVVY Scheme for Senior Citizen, in which senior citizens get guaranteed pension for ten years as an option of Monthly Pension. According to the statement from LIC, the revised scheme will be available from Tuesday till March 2023 for three financial years. This plan can be purchased both offline and online. The maturity of the scheme is ten years. In this, 7.40 percent return will be given in the first year.
The debt of the scheme has been increased again through the
Prime Minister Vay Vandana Scheme, which can be availed through the Life Insurance Corporation of India. Which is available both online and offline. Let us tell you that in the general budget for the financial year 2018-19, the Central Government had extended the last date of this scheme to 31 March 2020 for the senior citizen. Also, the maximum limit was raised to Rs 15 lakh.
What is the benefit of
this scheme – The duration of this plan has been kept for 10 years.
Even after completion of 10 years, if you want the benefit of this scheme then you will have to join it again.
If the pensioner is alive for 10 years of this scheme then he will also be given arrears in the last.
If a pensioner dies, the amount of the scheme will be refunded to the beneficiary.
If the pensioner is alive even after the tenure of the scheme is completed, then the total amount of the policy will be paid along with the last pension installment.
The age of 60 years and pension of 10 thousand
should be 60 years or more for the person eligible for this scheme. There is no maximum age limit for this scheme. At the same time, the pensioner will get at least one thousand rupees per month under this scheme. At the same time, the maximum limit is 10 thousand rupees. This will depend on how long you want the pension. If you want a minimum monthly pension of one thousand rupees then you will have to spend 1.50 lakh rupees for this scheme. At the same time, if you want a monthly pension of 10 thousand rupees, then you have to spend 15 lakh rupees.
