Pradhan Mantri Vaya Vandana Yojana
Pradhan Mantri Vaya Vandana Yojana
Product Summary :
Pradhan Mantri Vaya Vandana Yojana (Plan No. 842) is a Government subsidized Scheme which shall provide an assured return of 8% p.a.payable monthly (i.e. equivalent to 8.30% p.a.) on the pensioner surviving during the policy term of 10 years for citizens aged 60 years and above.
Premium Payment Mode:
Single Premium
Mode of Pension payment :
The modes of pension payment are monthly, quarterly, half-yearly and yearly. The pension payment shall be through NEFT OR Aadhar Enabled Payment System only.
Pension Rate :
Yearly : 8.30
Halfly : 8.13
Quarterly : 8.05
Monthly : 8.00
Minimum Entry Age :
60 Year Completed
Maximum Entry Age :
No Limit
Minimum Sum Assured :
Yearly : 1,44,578
Halfly : 1,47,601
Quarterly : 1,49,068
Monthly : 1,50,000
Maximum Sum Assured :
Yearly : 14,45,783
Halfly : 14,76,015
Quarterly : 14,90,683
Monthly : 15,00,000
Min-Max Pension Limit :
Minimum Pension:
Rs. 1,000/- per Month
Rs. 3,000/- per Quarter
Rs. 6,000/- per Half-year
Rs. 12,000/- per Year
Maximum Pension:
Rs. 10,000/- per Month
Rs. 30,000/- per Quarter
Rs. 60,000/- per Half-year
Rs. 1,20,000/- per Year
Policy Benefits :
On Death :
On death, the full purchase price will be refunded to nominee.
(a) Under option (i) – payment of annuity ceases.
Surrendered Value :
Surrender would be allowed in special circumstances like critical / terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price.
Loan :
Years of Experience
Insurance Service
Happy Customers
%
Safe & Secure
In-Services we are with You
All Insurance Plans
Health Insurance Plan
Call Us Today to Start Your Insurance Plan: 9842704585
- Straight forward application process
- When shopping for a life insurance policy, it’s important to obtain the amount of coverage that will provide financial stability for your family at an affordable price. Efinancial can help you find the policy that fits you best
- Also, keep in mind that all life insurance policies have exclusions and provisions. Be sure to review these before buying your policy
- Today’s up to date Latest LIC’s Current NAV
- Free I.T. Return Form with financial consulation following on income Tax of India.
All Insurance Plans