PMVVY: You are talking about “Pradhan Mantri Vaya Vandana Yojana” (PMVVY). Under this scheme, you can get a fixed pension every month by investing a lump sum. By investing in this scheme, you can secure a fixed pension, with the amount and duration of your investment predetermined. If you want to receive a monthly pension of Rs 9250, you must obtain information about the scheme’s pension and investment amount.
The main points of Pradhan Mantri Vaya Vandana Yojana (PMVVY) are as follows:
1. Beneficiary: This scheme benefits citizens who are 60 years of age or older.
2. Salary: Investing in this scheme provides a fixed monthly pension; the amount depends on your investment.
3. Investment amount: The main investment limit is Rs 15 lakh, and the pension amount in this meeting is based on the amount of your investment.
LIC Scheme
4. Pension Retirement: You can receive your pension on a monthly, quarterly, half-yearly, or annual basis.
5. Investment period: The scheme has a 10-year duration.
6. Benefits: The scheme guarantees 100% protection of the place, and the family gets benefits in case of death.
7. Tax Benefits: There is no special provision of tax benefits on this scheme, but the rules of tax benefits may apply on pension receipts.
For complete information and the application process for this scheme, visit the Bolero LIC branch or the official website.
Here are some additional key details about the Pradhan Mantri Vaya Vandana Yojana (PMVVY)
1. Application Process: You can apply for the scheme at any LIC branch. You can also contact the LIC website or their agent.
2. Pension Option: You can choose pension eligibility, such as monthly, quarterly, half-yearly, or annual.
3. Pension calculation: The pension amount is the sum of your investment and the pension amount on retirement. The pension amount is also equal to the investment amount.
4. Death and disability benefits: If the pensioner dies during the plan’s term, his family gets the original investment amount back.
5. Pensioners have the ability to switch their client, and their new client also receives the pension benefits during the pension period.
6. Termination of the plan: The invested amount receives a full return upon the plan’s expiration.
You can obtain detailed information about the benefits and advantages of this plan from the official website of the LIC or LIC branch.
