This scheme is supervised by Life Insurance of India (LIC). The purpose of this scheme is to provide a fixed pension every month to the senior citizens of the country according to their subscription amount or the amount invested.
Pradhan Mantri Vaya Vandana Yojana, LIC Scheme: When a person is doing a job, his biggest concern is about the time when he retires. While doing a job, a person is worried about his future or his family. Many times we have this problem because we are not aware of many plans. There are many such government schemes, by investing in which you can get a substantial pension after a time, after which you will not have to worry. Also Read: Xiaomi’s Mi Mix 4 smartphone going to be launched today, its features are good
In fact, if you want to invest money in a safe place, then you can think of investing in Pradhan Mantri Vaya Vandana Yojana. In this scheme, one thing your money will be safe and secondly by investing here you will get a fixed pension every month. Also Read: Multiple Credit Card: Don’t be careless, use it smartly
LIC Takes Care
This scheme is supervised by Life Insurance of India (LIC). The purpose of this scheme is to provide a fixed pension every month to the senior citizens of the country according to their subscription amount or the amount invested. As soon as the investor reaches 60 years of age, he will start getting monthly pension under this scheme. Talking about the interest rate available in the current financial year, senior citizens get 7.40 percent annual interest. Also Read:Â Home Loan EMI: Easiest way to reduce home loan EMI, know here
This is the way to invest
If you understand about this scheme easily, then you will have to invest 15 lakh rupees for this. This is the maximum amount, you can invest even less than this. After this, you will continue to get a monthly pension of Rs 9,250 every month for 10 years. The special thing in this is that after the completion of 10 years, the entire amount will be returned to the investor. You can take pension with any of the options monthly, quarterly, half yearly and annually. Also Read: LIC Saral Pension Yojana: LIC’s great plan for retirement, pension will be available for life by lump sum investment
Under this scheme, a pension of Rs 1,000 to Rs 10,000 is available. Let us tell you that in this scheme only interest amount is available as pension. Meaning if you have deposited Rs 15 lakh, then interest at the rate of 8 per cent will become Rs 1.20 lakh in a year. Now you will get this amount monthly, quarterly, half yearly or annually. Also Read: Good news for NPS Subscribers – you can withdraw full money! Know its advantages and disadvantages
More information will be found on the website
You can know more about this scheme and invest by visiting the official website of LIC. Apart from this, LIC agents and LIC offices can also invest in this scheme. Apart from this, you can also call the toll free number 1800-227-717 issued by LIC.
