Home About Us Corporate Insurance Life Insurance General Insurance Contact us
  Pension Plan for Senior Citizen (Announce by Govt. Of India)
Life Insurance Products
Retirement Planning
Tax Planning
Child Education & Marriage
Term Insurance
Liability Cover
Employer-Employee
Partnership Insurance
Estate Creation
 
Pension Plan

LIC OF INDIA
Varishtha Pension Bima Yojana
By Govt. Of India


 

Varishtha Pension Bima Yojana For Senior Citizen

Hon'ble Finance Minister in his budget speech 2014-15 has announced the revised Varishtha Pension Bima Yojana for Citizen aged 60 years and above

Shri Narendra Modi Govt. Subsidized scheme which shall provide assured return of 9%p.a. payable monthly (equivalent to 9.38% p.a.)

Basic Features

Entry Age
60 to 100 years
  Guaranteed Pension
@9.38% p.a.
  On Death
100% Investment Back
(Excl. Ser. Tax)
         
75% Loan Available after
3 years
  Special Surrender Value after
15 years
  No Medical Test
Required
         
Suicide Case
Not Allowed
  15 Days
Free look Period
  Special Surrender
on Medical Ground before 15 years*
100% safe pension through out life
Health Insurance

Investment Amount Pension Amount
    Yearly Half-Yearly Quarterly Monthly
66665 6254 3057 1511 500
100000 9381 4585 2267 750
200000 18761 9170 4534 1500
300000 28142 13756 6801 2250
400000 37523 18341 9068 3000
500000 46903 22926 11335 3750
600000 56284 27511 13602 4500
666665 62538 30568 15113 5000
  Please Note : Service Tax @3.09% will be extra
Hasslefree Pension
Direct Credited
to your Bank



------------


Faster and Hasslefree Claim Settlements
by LIC OF INDIA
See Also : How We work, Why You Require Insurance, Apply Online For LIC CREDIT CARD
Enquiry Form

* Required

Home | Disclaimer | Sitemap | Privacy Policy Powered By JEEL WEB SOLUTIONS