Varishtha Pension Bima Yojana

Varishtha Pension Bima YojanaVarishtha Pension Bima Yojana

 

Varishtha Pension Bima Yojana

“Varishtha Pension Bima Yojana”

Re-Launched for the period 15th August to 14th August 2015

For the welfare of the senior citizens of our country, the Govt. of India announces a subsidised Pension Scheme, with LIC as the exclusive adminstrator.

  • Eligibility : 60 years of age and above
  • Single lumpsum premium : Minimum Rs.66,665/- Maximum Rs.6,66,665/-
  • Minimum Pension : Rs.500/- per month, Maximum Pension : Rs.5000/- per month
  • Assured return of 9% monthly (9.38% annually)
  • Pension payment period : Monthly, Quarterly, Half Yearly, or Yearly
  • On Demise of the pensioner, nominee receives the purchase price.

 

 

 

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