Pradhan Mantri Vaya Vandana Yojana (Plan No: 842) from LIC
Pradhan Mantri Vaya Vandana Yojana is Pension plan for Senior citizen announced by Government of India. This plan is government subsidized pension scheme which will avail guaranteed 8% return in monthly mode and 8.3% return in yearly mode. This plan plan can be purchased from LIC up to 03-05-2018. Plan Parameters Age at Entry 60 Years (Completed) Maximum Age at Entry No Limit Policy Term 10 Years (Fixed) Pension Receiving Mode Monthly, Quarterly, Half Yearly or Yearly Pension benefit Pensioner will receive pension amount as per selected mode. Pension will be available on completion of selected mode, for example, in case of monthly mode, pension will be paid on completion of month. This plan can be purchsed on payment of single one time amount, the minimum and maximum limit of one time lumpsum amount is given in the following table Mode Minimum Maximum Amount Pension Amount Pension Yearly 1,44,578 12,000 7,22,892 60,000 Half Yearly 1,47,601 6,000 7,3...