Pension Scheme: The government has started several pension schemes for senior citizens. Let us know which scheme will get more benefits.
Government Scheme: The government is running several schemes for senior citizens, in which the benefits of pension, health care and retirement benefits are given. Most pension schemes for senior citizens are considered to be the most effective. Under these schemes, regular income provides financial security in old age. Here information is given about the four pension schemes introduced by the government.
National Pension System
The National Pension System (NPS) launched by the Central Government is a savings and investment plan for retirement. This is a long term savings plan, which gives returns based on the market. This pension plan is being operated by PFRDA. It can give the benefit of both regular income in old age and more funds after retirement. Under this scheme, any citizen can invest between 60 to 65 years and can remain a member till the age of 70 years.
Indira Gandhi National Old Pension Scheme
Senior citizens are given monthly pension under this scheme. Senior Citizens BPL category citizens between 60 to 79 years can avail monthly pension. Under this, an amount of Rs 300 is given and at the age of 80, an amount of Rs 500 is given.
Atal Pension Yojana
Under the Atal Pension Yojana, the benefit of pension is given to poor families. Under this, monthly pension is given up to 1 thousand and 5000 rupees. Citizens of India can take advantage of this scheme at the age of 18 to 40 years.
Senior Pension Insurance Scheme
According to the website of the Department of Finance Services, Senior Pension Insurance Scheme is operated by LIC. Under this, the benefit of monthly pension is given on your lump sum amount.
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