Pradhan Mantri Vaya Vandana Yojana (PMVVY)-2019| LIC Vaya Vandana Features
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| Pradhan Mantri Vaya Vandana Yojana (PMVVY) |
PradhanMantri Vaya Vandana Yojana (PMVVY)|Based on the success
and popularity of Varishtha Pension Bima
Yojana 2003 (VPBY-2003), Varishtha
Pension Bima Yojana 2014 (VPBY-2014), and to protect people aged 60 and
over against a future fall in their income by interests due to uncertain market
conditions, as well as to provide social security during old age, it is decided
to launch a simplified 8% guaranteed pension scheme called PRADHAN MANTRI VAYA VANDANA YOJANA/ SCHEME
LATEST NEWS PRADHAN MANTRI VAYA VANDANA YOJANA (PMVVY)-2019 FULL DETAILS ARE GIVEN BELOW
- FROM WHERE
PRADHAN MANTRI VAYA VANDANA YOJANA/ SCHEME STARTED?
- BRIEF SUMMARY OF PRADHAN MANTRI VAYA VANDANA YOJANA (PMVVY)
- KEY FEATURES OF PRADHAN MANTRI VAYA VANDANA YOJANA (PMVVY)
- MODE OF INTEREST RATE PRADHAN MANTRI VAYA VANDANA YOJANA /SCHEME
- BENEFITS OF PRADHAN MANTRI VAYA VANDANA YOJANA (PMVVY)
- PAYMENT OF PENSION
- SCHEME PRADHAN MANTRI VAYA VANDANA YOJANA (PMVVY)
- LATEST PENSION PMVVY CALCULATOR FOR LIC PRADHAN MANTRI VAYA VANDANA YOJANA 2019
- WHAT IS LATEST
PMVVY CALCULATOR 2019?
- STEP BY STEP PMVVY CALCULATOR
WITH PICTURE
- PMVVY PIB NOTIFICATION CLICK HERE
- PMVVY USER MANUAL CLICK HERE
- PMVVY BUY ONLINE CLICK HERE
- OFFICIAL WEBSITE CLICK HERE
- FREQUENTLY ASKED QUESTIONS ABOUT PRADHAN MANTRI VAYA VANDANA YOJANA
- ANSWERS
Pradhan Mantri Vaya Vandana Yojana (PMVVY)- PMVVY is being implemented through Life Insurance Corporation (LIC) of India. According to the scheme, in the payment of an initial lump sum that goes from a minimum purchase price of Rs. 1, 50,000 / - for a minimum pension of Rs 1000 / - per month at a maximum purchase price of Rs. 7, 50,000 / - for the maximum pension of Rs. 5,000 / - per month, subscribers will obtain an insured pension based on a guaranteed annual return rate of 8% payable monthly.
From where Pradhan Mantri Vaya Vandana Yojana scheme started?
Pradhan
Mantri Vaya Vandana Yojana (PMVVY)Scheme has started by
the central government to provide the benefits, such as pensions, to the
country's elderly people. Under the Pradhan
Mantri Vaya Vandana Yojana (PMVVY) Scheme Life Insurance LIC offers a guaranteed annual yield of
8% for 10 years. The scheme has been launched in the Budget Speech for the
2018-19 fiscal year. Eligible senior citizens of the country can invest the
capital money under Pradhan Mantri Vaya Vandana
Yojana (PMVVY) until December 31, 2020. The minimum purchase amount is Rs.
1, 50,000 / - and the maximum purchase price is Rs. 15, 00,000 / -SCI Go Vandana Scheme Under Pradhan
Mantri Vaya Vandana Yojana (PMVVY), once you have to buy the policy. After
the expiration of the policy (10 years after the date of the purchase policy),
the LIC will pay the purchase price
and interest rate of 8% per year for a period of ten years. The goal of the Pradhan Mantri Vaya Vandana Yojana (PMVVY)Scheme
is to ensure the future of citizens after their retirement. Complete details of
the purchase price, interest rates and the length of time are in the form of a
table found in the section below.
Brief summary of Pradhan Mantri Vaya Vandana Yojana (PMVVY)
Scheme name
|
Vaya Vandana
Scheme
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Launched date
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financial year
2018-19
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Ministry
|
Ministry of Finance
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Start date to
apply
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Available now
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Last date to
apply
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31st march
2020
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Objective
|
To secure the
future of citizens after retirement
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Category
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Central govt. Scheme
|
Official
website
|
About Pradhan
Mantri Vaya Vandana Yojana (PMVVY)-The PMVVY the scheme provides security of old age income to the elderly in the country. In
the Pradhan Mantri Vaya Vandana Yojana (PMVVY),
the government grants the guaranteed pension/return guarantee linked to the
amount of the subscription. LIC Vaya Vandana offers an assured yield of 8% per
year for 10 years. Interest under the plan is provided on a monthly, quarterly,
semi-annual and annual basis. Read more about Indira Gandhi Pension
Key features of Pradhan Mantri Vaya Vandana Yojana (PMVVY)
- The maximum limit Pradhan Mantri Vaya Vandana Yojana (PMVVY) is Rs. 15 lakhs per older person.
- India's LIC is operating this scheme.
- The insured interest of 8% per annum on the purchase price.
- The duration of this Pradhan Mantri Vaya Vandana Yojana (PMVVY) scheme is 10 years.
- The first installment of the pension will be paid after the annual, semi-annual, quarterly or monthly payment, according to the plan's mode.
- Payment of the pension will be made through NEFT or Aadhaar Enabled Payment System.
- The scheme also provides relief in taxes.
- Digital life certificate
Mode of Interest rate Pradhan Mantri Vaya Vandana Yojana Scheme
Mode of Pension
|
Minimum Purchase Price
|
Maximum Purchase Price
|
Pension Interest rate (p.a)
|
Pension amount
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Yearly
|
Rs. 1,44,578/-
|
Rs. 14,45,783/-
|
8.3 %
|
12,000
|
Half-yearly
|
Rs.
1,47,601/-
|
Rs.
14,76,015/-
|
8.13
%
|
6,000
|
Quarterly
|
Rs. 1,47,601/-
|
Rs. 14,90,683/-
|
8.50 %
|
3,000
|
Monthly
|
Rs.
1,50,000/-
|
Rs.
15,00,000/-
|
8.00
%
|
1,000
|
Benefits of
Payment of pension
- In the Pensioner's survival during the period of the 10-year policy, the past-due pension (at the end of each period according to the chosen mode) will be payable.
- Death benefit
- In case of death of the pensioner during the term of the 10-year policy, the purchase price will be reimbursed to the beneficiary.
- Maturity benefit
- In the pensioner's survival until the end of the 10-year policy period, the purchase price will be paid together with the final payment of the pension.
- Loan
- The loan facility is available after completing the 3 years of the policy. The maximum loan that can be granted will be 75% of the purchase price.
- The interest rate that will be charged for the loan amount will be determined at periodic intervals
- Eligibility for Pradhan Mantri Vaya Vandana Yojana (PMVVY)• The minimum age limit is 60 years.
- There is no age limit.
Scheme Pradhan Mantri Vaya Vandana Yojana (PMVVY)
- How to request Pradhan Mantri Vaya Vandana Yojana (PMVVY)
- Interested candidates who wish to apply for Pradhan Mantri Vaya Vandana Yojana (PMVVY)visit the official LIC website.
- You can also contact your nearest LIC branch for off-line application mode.
- We also provide direct links in the section just below.
- Click on the online shopping section and provide all the required details.
- Click on the send button
LATEST PENSION PMVVY CALCULATOR FOR LIC PRADHAN MANTRI VAYA VANDANA YOJANA 2019
*One more
important information I would like to share with you that’s Latest PMVVY CALCULATOR 2019.
WHAT IS LATEST PMVVY CALCULATOR 2019?
IT IS A PMVVY CALCULATOR BY USING THIS PMVVY CALCULATOR, EASILY YOU CAN Calculate Your Guaranteed Monthly, Quarterly, Half
Yearly and Yearly Pension amounts for Pradhan Mantri Vaya Vandana Plan.Also
according to your age, its calculate automatically for example- if a person is 27 years, 5 months
and 23 days, their age will be counted as 26 years, but if it is 26 years, 6
months and 23 days, their age will be counted as 28 years.
SO HERE I AM SHOWING YOU STEP BY STEP WITH PICTURE
STEP 1-CLICK ON HERE THE OFFICIAL SITE WILL COME AND FILL THE NECESSARY INFORMATION.
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| PMVVY CALCULATOR |
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| PMVVY CALCULATOR |
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LIC-AGE-CALCULATOR
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Important Download
OFFICIAL WEBSITE
CLICK HERE
FREQUENTLY ASKED QUESTIONS ABOUT PRADHAN MANTRI VAYA VANDANA YOJANA
- Can older people invest in ELSS?
- Can we apply for Atal Pension Yojana online?
- Can we get monthly interest on fixed deposits?
- Can we withdraw FD interests monthly?
- How can I earn money after 60?
- How can I invest in a savings plan for the elderly?
- How can I open a senior bank account in SBI?
- Is the savings plan for the elderly tax-exempt?
- How does the monthly income mutual fund plan work?
- How should I invest my retirement money?
- Are there any monthly income plans in the banks?
- What are the best savings options for the elderly?
- What is the monthly income scheme?
- What is the PMVVY scheme?
- What is the SCSS scheme?
- What are the best investments for retirement in India?
- What is the deposit period of the savings plan for the elderly?
- What is the interest rate for senior citizens in OSE?
- What is the investment limit for Pradhan Mantri Vaya Vandana Yojana?
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