Pradhan Mantri Vaya Vandana Yojana (PMVVY) 2020 – Zero risk and best Pension plan for Senior citizens.

Pradhan Mantri Vaya Vandana Yojana (PMVVY) 2020!!

Why every senior citizen must invest in this plan for secured and guaranteed return:

Pradhan Mantri Vaya Vandana Yojana scheme was launched to enable senior citizens have secured return on their investment with highest interest rate. Government of India has chosen Life insurance Corporation of India to manage this scheme. This is the only scheme which offers decent return on investment up to 30 Lakhs with annual interest of 7.4% on the deposited amount.

Pradhan Mantri Vaya Vandana Yojana:

• Age at entry: 60 years or above. No maximum age.
• Total term: 10 years.
• Minimum yearly pension: 12,000
• Minimum monthly pension: 1000
• Minimum purchase price: 1,56,656
• Maximum purchase price: Rs.15 Lakhs
• Maximum monthly pension: Rs.18,500 for both husband and wife.
• Maximum yearly pension 2.22 Lakhs for both husband and wife.

The assured rate of return for fiscal 2020-21 is 7.4 per cent per annum and thereafter to be reset every year. Earlier, the scheme offered an assured return of more than 8 per cent.

Let’s summarize why every senior citizen must take up this plan by LIC.

1. Zero risk and 100% sovereign guarantee by Government of India on the entire amount of Rs.15 Lakhs where banks only have Rs.5 Lakhs as guaranteed amount.
2. High interest rate locked for next 10 years.
3. Option of receiving pension in monthly, quarterly, half-yearly or yearly mode.
4. Hassle-free service offered by LIC through its dedicated agents. Residents of Chennai can call 7200039282 for doorstep document collection.
5. Loan option available.

Ask an experienced financial planner for guidance in determining how to manage your funds – and for exploring your options to generate reliable income. They can help you build a rock-solid strategy that lets you enjoy a predictable lifestyle for the long haul.

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