Pradhan Mantri Vaya Vandana Yojana PDF, Pradhan Mantri Vaya Vandana Yojana Tax Benefit, Pradhan Mantri Vaya Vandana Yojana Calculator, Review, Pradhan Mantri Vaya Vandana Yojana (Plan No. 842) Application Form, PMVVY Proposal Form
Pradhan Mantri Vaya Vandana Yojana 2018 (PMVVY) प्रधान मंत्री वय वंदना योजना Pension Scheme for Senior Citizens
The Prime Minister Vara Vandana Yojana (PMVVY) was formally launched by the Union Finance Minister Shri Arun Jaitley on June 21, 2017. However, this plan is available for purchase from May 4, 2017. Its main purpose is to provide regular pension to senior citizens. PMVVY scheme is pension scheme only for senior citizens of 60 years and above who can avail of it, can apply for this by May 3, 2018. Senior citizens can buy it offline and online through Life Insurance Corporation of India (LIC), which has been given the sole authority to operate it. This scheme is a government-aided pension scheme which will take 8% returns in monthly mode and 8.3% returns in annual mode.
Pradhan Mantri Vaya Vandana Yojana 2018 Details
| Parameters | Details |
| Name of Yojana | Pradhan Mantri Vaya Vandana Yojana (PMVVY) |
| Target | Pension Scheme for Senior Citizens |
| Age at Entry | 60 Years (Completed) Calculate your Age |
| Maximum Age at Entry | No Limit |
| Policy Term | 10 Years (Fixed) |
| Pension Receiving Mode | Monthly, Quarterly, Half Yearly or Yearly |
Pradhan Mantri Fasal Bima Yojana (PMFBY)
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Pradhan Mantri Awas Yojana (PMAY)
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Pradhan Mantri Vaya Vandana Yojana 2018– LIC of India
This scheme is divided into many parts, depending on whether you choose to receive your pension on a monthly, quarterly, semi-annual or annual basis, this plan provides for return of 8% to 8.30% per annum assurance. is. Returns for the monthly option is 8% and it is 8.30% for the annual option. This scheme will be organized only by Life Insurance Corporation of India (LIC).
The minimum purchase price is 1.5 lakhs per month to get a pension, where a senior citizen gets a pension of Rs.1000 per month.
Official Notice
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Eligibility Conditions in Pradhan Mantri Vaya Vandana Yojana
| Parameters | Minimum | Maximum |
| Age | 60 Years (Completed) | No Limit |
| Policy Term | 10 Years | |
| Pension Mode | Monthly, Quarterly, Half-yearly or Yearly | |
| Purchase Price | Rs. 1,44,578 for monthly Rs. 1,47,601 for quarterly Rs. 1,49,068 for half-year Rs.1,50,000 for yearly |
Rs. 7,22,892 for monthly Rs. 7,38,007 for quarterly Rs. 7,45,342 for half-year Rs. 7,50,000 for yearly |
| Pension Amount | Rs. 1,000/- per month Rs. 3,000/- per quarter Rs.6,000/- per half-year Rs.12,000/- per year |
Rs. 5,000/- per month Rs. 15,000/- per quarter Rs. 30,000/- per half-year Rs. 60,000/- per year |
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Prime Minister Vaya Vandana Yojana Benefits
Pension Payment:
The pensioner is payable at the end of each period in the monthly / quarter / half yearly / annual form of his chosen policyholder during the policy term of 10 years.
In the investment of Rs 1,000:
- Rs 80 will be paid in monthly mode
- Rs 80.5 paid in quarterly mode
- 81.3 will be paid in semi-meaningful mode
- Paid in rupees 83 yearly mode
Death Benefit: If the policyholder dies during the 10-year policy period, then the purchase price will be returned to the beneficiary.
Maturity Benefits: If the policyholder stays till the end of the policy term of 10 years, then the purchase price will be refunded with the last pension installment.
Surrender Value: During the term of the policy, the policy allows premature withdrawal for the term, such that the pensioner needs money for the treatment of self or spouse of any serious / terminal illness. In such cases the surrender value payable will be 98% of the purchase price.
Loan: Loan facility is available after completion of 3 policy years. For this, 75% of the maximum loan purchase price can be given, whose interest is 10% PA.
Free Look Period: If a policyholder is not satisfied with the “terms and conditions” of the policy, he can return the policy to the corporation within 15 days from the date of receipt of the policy (30 days if this policy is bought online) due to objections. In this case, the policyholder will get the full amount by reducing the fee for stamp duty and pension payment.
Exclusion: Suicide – There will be no exclusion on the calculation of suicide and the full purchase price will be payable.
Tax Benefit: There is no tax benefit on the purchase of this scheme or the pension amount received through this scheme.
PMVVY Policy Documents
Download – PMVVY Application Form
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Prime Minister Vaya Vandana Yojana in Hindi प्रधान मंत्री वय वंदना योजना
केंद्रीय वित्त मंत्री श्री अरुण जेटली 21 जून, 2017 को प्रधान मंत्री वारा वंदना योजना (पीएमवीवीवाय) को औपचारिक रूप से लॉन्च किया था। इस योजना का मुख्य उद्देश्य वरिष्ठ नागरिको को नियमित पेंशन प्रदान करना है। पीएमवीवीवाई योजना केवल 60 वर्ष और उससे अधिक के वरिष्ठ नागरिकों के लिए पेंशन योजना है इच्छुक 3 मई 2018 तक इस के लिए आवेदन कर सकते हैं। वरिष्ठ नागरिकों को लाइफ इंश्योरेंस कॉरपोरेशन ऑफ इंडिया (एलआईसी) के माध्यम से इसे ऑफ़लाइन और ऑनलाइन खरीद सकते हैं। इसे संचालित करने के लिए एकमात्र अधिकार दिया गया है। यह योजना सरकारी सहायता प्राप्त पेंशन योजना है, जो मासिक मोड में 8% रिटर्न और वार्षिक मोड में 8.3% रिटर्न ले सकती है।
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Pradhan Mantri Vaya Vandana Yojana – Pension Scheme for Senior Citizens
The benefit of Pradhan Mantri Yad Vandana Yojana is above 60 years of Amir poor. You can apply online and offline for this scheme from 04 may 2017 to 03rd May 2018. Under this scheme, Sum Assured of 8 percent has also been made. Earlier, senior pension insurance scheme was introduced, with pension rate of 9.88%. This year LIC has announced the Prime Minister Youth Vandana scheme 842 for the pension scheme for senior citizens. Annual interest was announced by the Government of India and LIC by 8.30%.
Read More…
-> Pradhan Mantri Mudra Yojana (PMMY)
-> Pradhan Mantri Suraksha Bima Yojana (PMSBY)
-> Pradhan Mantri Jan Dhan Yojana (PMJDY)
- Pradhan Mantri Vaya Vandana Yojana 2018 (PMVVY) प्रधान मंत्री वय वंदना योजना Pension Scheme for Senior Citizens
- Pradhan Mantri Vaya Vandana Yojana 2018 Details
- Pradhan Mantri Vaya Vandana Yojana 2018– LIC of India
- Official Notice
- Eligibility Conditions in Pradhan Mantri Vaya Vandana Yojana
- Prime Minister Vaya Vandana Yojana Benefits
- PMVVY Policy Documents
- Download – PMVVY Application Form
- Prime Minister Vaya Vandana Yojana in Hindi प्रधान मंत्री वय वंदना योजना
- Pradhan Mantri Vaya Vandana Yojana – Pension Scheme for Senior Citizens
Details required for my mother-in-law
hi,
PMVVY i want to register to my Dad, but he is retired can we register.
Income Tax must not be imposed income from PMVVY, otherwise return from it comes down below 7%, and 10 years lock in period be be reduced
Pension (interest) from PMVVY should be free from Income Tax, then it would be beneficial to Sr Citizens. After deducting 20% Income Tax the factual income works out below 7%
The interest pension from PMVVY is taxable, if a person fall in the category of 20% Income Tax slab, the interest pension will reduce below 7% to him. It is most suitable to Sr Citizens whose income is below 2.50 lakhs. SCSS gives 8.3% Income quarterly and lock-in period is only 5 years WHEREAS in PMVVY money is blocked for 10 years. It is also suitable who have already exhausted limit of 15 lakhs in SCSS, and are seeking another source of investment.
प्रधान मंत्री वय वंदना योजना में आपका धन 10 वर्षो के लिए सुरक्षित रहता है जिसे आप बीच में बीमारी के अलावा नहीं निकाल सकते अतः पूरी तरह से 10 वर्षो के लिए सुरक्षित होता है. ब्याज भी 8% मिलती है, इससे होने वाली आय taxable है जिनकी आय 20% की स्लैब में है उनको प्राप्त होने वाली ब्याज 7% से कम पड़ेगी