Pradhan Mantri Vaya Vandana Yojana Apply online application Form (PMVVY)

Pradhan Mantri Vaya Vandana Yojana Apply online application Form (PMVVY):  the scheme launched by the Indian Government of India on 4 May 2017 for the senior citizens of the country. in this article, you know about Pradhan Mantri Vaya Vandana Yojana (Plan No. 856, UIN: 512G336V01), LIC Vaya Vandana Yojana, LIC  Vaya Vandana yojana interest rate, PM  Vaya Vandana yojana application form pdf, Pradhan Mantri Vaya Vandana yojana new form pdf.

Pradhan Mantri Vaya Vandana Yojana 2021-22

Pradhan Mantri Vaya Vandana Yojana Apply online : This is a pension scheme. Under this scheme senior citizens of 60 years and above who opt for monthly pension will get 8% interest for 10 years. If they choose the annual pension option, they will get 8.3% interest for 10 years. | Under the Pradhan Mantri Vaya Vandana Yojana, senior citizens will get good interest in their investments.

LIC Plan 856 PM Vaya Vandana Yojana (PMVVY) Form PDFClick

Pradhan Mantri Vaya Vandana Yojana 2021 Application Form pdf

The first installment of pension will be available after 1 year, 6 months, 3 months, 1 month, it depends on which option you choose, the interested beneficiaries of the country who want to apply under this PMVVY Scheme 2021.

you can do it both online and offline and can buy the policy. Online Application You can buy the policy by registering online by visiting the official website of LIC and can apply offline by visiting the branch of LIC and taking advantage of PM Vaya Vandana Yojana 2021.

Pradhan Mantri Vaya Vandana Yojana Purchase Price and Pension Amount 2021

Turn of Pension Minimum Purchase Price Pension Amount Maximum Purchase Price Pension Amount
Annual 156658 1200 per annum 1449086 111000 per annum
Half Yearly 159574 6000 Half Yearly 1476064 55500 per half-yearly
Quarterly 161074 3000 per quarter 1489933 27750 per quarter
Monthly 162162 1000 per month 1500000 9250 per month

Key Highlights of Pradhanmantri Vaya Vandana Yojana

what is the article about Pradhan Mantri Vay Vandana Yojana
Who launched? Life Insurance Corporation of India
beneficiary Citizens of India
Objective Providing all important information about Pradhan Mantri Vaya Vandana Yojana
Official website Click here
Year 2021

Benefits of Pradhan Mantri Vaya Vandana Yojana

  • The PMVVY scheme provides subscribers with an assured return at the rate of 8% to 8.3% for 10 years
  • The PMVVY scheme provides a fixed sum regularly
  • The entire amount (including the final pension and the purchase price) would be paid out once the policy term of 10 years is completed
  • Loan of up to 75% of the purchase price can be availed after three years to cover emergencies
  • Due to medical emergencies (self and spouse), the subscribers can withdraw 98% of the purchase price
  • If the subscriber passes away within the term of the policy, then the nominee would be paid out with the purchase price

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Pradhan Mantri Vaya Vandana Yojana Application Procedure 2021

i) Online procedure:

  • Log onto the official website of LIC 
  • Select ‘pension plans’ under products and proceed
  • Fill the relevant application form
  • Submit the online application and upload the documents as requested

ii) Offline Procedure

  • Collect the application form at any of the LIC branches
  • Duly fill the application form
  • Submit the duly filled application form by attaching all relevant documents

Pension Policy

As mentioned earlier, the minimum purchase price is Rs. 1,50,000 for a monthly pension of Rs. 1,000. The amount of pension that a subscriber receives would depend on their purchase price:

Pension mode The minimum amount of pension The minimum amount of investment The maximum amount of pension The maximum amount of investment
Monthly Rs. 1,000 Rs. 1,50,000 Rs. 10,000 Rs. 15,00,000
Quarterly Rs. 3,000 Rs. 1,49,068 Rs. 30,000 Rs. 14,90,684
Bi-annually Rs. 6,000 Rs. 1,47,601 Rs. 60,000 Rs. 14,76,014
Annually Rs. 12,00 Rs. 1,44,578 Rs. 1,20,000 Rs. 14,45,784
Yours Smart Update24 Team
Yours Smart Update24 Team
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