LIC pension scheme: Guaranteed pension of Rs 18500 per month and full amount back after 10 years, know here scheme details

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LIC pension scheme: Guaranteed pension of Rs 18500 per month and full amount back after 10 years, know here complete scheme details
LIC pension scheme: Guaranteed pension of Rs 18500 per month and full amount back after 10 years, know here complete scheme details

LIC Pension Scheme Update: PMVVY Scheme is a social security scheme and pension plan. It is introduced by the Government of India but is operated by Life Insurance Corporation of India (LIC). Let’s know about this scheme in detail-



Modi Government PMVVY Scheme: Many government schemes are being run by the Central Government. Today we will tell you about such a scheme, in which the government will give you money every month. The name of this scheme is PM Vaya Vandana Yojana (Pradhan Mantri Vaya Vandana Yojana), in which you will get money every month in old age. You can take advantage of this government scheme till 31 March 2023.

What is Pradhan Mantri Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana / PMVVY Scheme has been introduced by the Modi government keeping in mind the needs of senior citizens. This scheme is a social security scheme and pension plan. It is introduced by the Government of India but is operated by Life Insurance Corporation of India (LIC). Under the PMVVY scheme, senior citizens get more interest on investment than other schemes. In this scheme, people of 60 years of age or above can choose a monthly or annual pension plan. The maximum investment limit under this scheme is Rs 15 lakh.

Where to apply?

In this government scheme, application can be made both online and offline. At the same time, you can apply online by visiting the official website of LIC.

Full money is returned after 10 years

Let us tell you that this is a kind of pension scheme, in which you get monthly money. In this, husband and wife get Rs 18500 per month. The special thing is that your money is completely safe in this and after 10 years you get the entire money back with interest.

How to get 18500 rupees?

If any husband and wife invest 15 lakhs in this scheme i.e. invest a total of 30 lakhs, then you get the benefit of interest at the rate of 7.40%. On this amount, you get an annual income of Rs 222000 from interest. If this interest amount is divided in 12 months, then you will get Rs 18500 every month and this amount will come in your account as pension.

You can also invest money alone,

if only one person wants to invest in this scheme, then you can invest a maximum of 15 lakhs, on which you will get Rs 111000 annually as interest, that means every month Rs 9250 will come to your account. .

Money is returned after

10 years. The maturity period of this scheme is 10 years. You can invest money in this scheme for 10 years. If you invest in it for 10 years, then you get back your invested money after 10 years.