Pradhan Mantri Vaya Vandana Yojana Online Application Form licindia In

Apply for Lyc Pradhan Mantri’s Vaya Vandana Yojana Elderly Retirement Plan (PMVVY) (8%) Vaya Vandana limit increases in union’s 2018 union budget to 15 lakhs
The government has announced that it will announce a new pension plan under the Senior Citizens’ budget. The new plan, which is announced by the government, is called the Pension Plan Vaja Vandana Yojana of the PM (PMVVY). The to-be-announced Yojana is managed by the LIC of INDIA Co. Under the new plan, the government will offer 8 percent to the elderly for the amount invested.

• Key features of the PMVVY pension plan
• The new plan offers older people a percentage pension on the entire amount they have invested in the plan.
• The plan being introduced will fall under the single premium annuity insurance.
• Seniors who are 60 years or older are eligible to enter the pension plan.
• The government has stated that there is no age limit for older people to be part of this pension plan.
• The subscription date for this plan will begin on 4 May 2017. The deadline for subscription to this plan will end on 3 May 2018.
• The government has stated that it will offer a ten-year holding period under this scheme.
• The minimum subscription under the scheme is Rs 1000, Rs 3000, Rs 6000, and Rs 12000 per month, quarterly, semi-annually, and annually.
• Senior citizens receive a maximum annuity of 5000 rupees, 15000 rupees, 30,000 rupees, and 60,000 rupees per month, quarterly, semi-annually, and annually at maturity.
• If you want to get the benefit of Rs 5000 every month then you should invest around Rs 7.5 lakh in the plan.
• The amount due will be credited to the beneficiary’s SB account.
• If the retiree commits suicide before the due date, the eligible candidate will receive payment for the total price of the plan.
• The plan is managed by LIC of India.
• At the time of the term of office, the retiree can also apply for a loan amounting to 75 percent of the total purchase price. The interest rate will be deducted from the amount received by the beneficiary at the time of expiry.
• Delivery of the policy is only possible in exceptional cases.

 

 Pradhan Mantri Vaya Vandana Yojana online application form via licindia.Pradhan Mantri’s Vaya Vandana Yojana (PMVVY) online application forms are being posted on the Life Insurance Corporation of India’s official website at www.licindia.in. However, interested candidates can apply for the PMMVY retirement plan offline by visiting the nearest LIG India office.

Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a new retirement plan for seniors who has a guaranteed return of 8% p.a. payable monthly (equivalent to 8.30% pa effective) for 10 years. Below is the complete process for applying online to Pradhan Mantri Vaya Vandana Yojana.

Pradhan Mantri Vaya Vandana Yojana is currently available for one year from 4 May 2017 until 3 May 2018.

Apply online for Pradhan Mantri Vaya Vandana Yojana
Interested seniors can complete the online application form on the LIC India website to purchase plans under PMVVY by following these steps:

STEP 1: Open the LIC India website by clicking on this link: www.licindia.in

STEP 2: Click on the “Pradhan Mantri Vaya Vandana Yojana” sign under the online heading of the purchase guidelines as shown in the picture below.
Apply PMVVY Apply Link PMVVY Link

STEP 3: Click on the button “Buy online” on the next page, and you will find an application form.

STEP 4: Complete all required details in the PMVVY application form and click on “Get Access ID”. An access code is a 9-digit number that is received by e-mail / SMS.
Online Application Form PMVVY Online Application Form Form PMVVY

 

PMVVY Online Application Form

Pradhan Mantri Vaya Vandana Yojana Online Application Form

STEP 5: Enter the access ID in the access ID field on the right side of the form and click Next.
Access ID box Access ID box

 STEP 6: Select the PMVVY retirement plan of your choice and complete the additional steps of the application. Your application is now complete. At the end of the application form, you will receive the confirmation number and an insurance number.

Highlights of the PMVVY pension system
A secured yield of 8% p.a. payable monthly for 10 years.
The retiree can choose the monthly/quarterly/semi-annual or annual option as the payment frequency.
There is no valid VAT or service tax for the plan.
A loan of up to 75% of the purchase price would be available to individuals after a three-year policy.
After 10 years, the purchase price will be paid together with the final fee.
For more information, visit the official LIC India website at the following link:

For extra elements, go to the authentic internet site of LIC India at the underneath link:
http://www.licindia.in/Products/Pension-Plans/Pradhan-Mantri-Vaya-Vandana-Yojana