How LIC Pradhan Mantri Vaya Vandana Yojna Helps Senior Citizens?
The Government has introduced LIC Pradhan Mantri Vaya Vandana Yojana, with a modified rate of pension in this extended plan. As per the policy terms and conditions, insured will get guaranteed rates of pension that will be reviewed and decided at the beginning of each year by the Ministry of Finance, Government of India. In the first financial year which is up to 31st March 2021, this LIC senior citizen scheme will provide an assured pension of 7.40% p.a. That will be payable in monthly instalment. Only the LIC of India is authorised to operate this scheme. Read this article and know the features of LIC Pradhan Mantri Vaya Vandana Yojna. List of LIC Pradhan Mantri Vaya Vandana Yojna Benefits! Let's find out why the LIC Pradhan Mantri Vaya Vandana Yojna , is best for senior citizens aged 60 years and above:- Pension Payment : If you survive in the policy term of 10 years, pension in debt that is overdue after one or more missing payments. And it will be payable at the end of each p