During the lifetime as a pensioner, a pension will be paid monthly, quarterly, halfyearly or annually as opted by the policyholder. Lic varishtha pension bima yojana features, benefits. What factors do i keep in mind while selecting an annuity. The yojana magazine is one of the important magazines from upsc ias exam perspective. Excerpts from budget speech by honrable finance minister are, nda government during its last term in office had introduced the varishtha pension bima yojana vpby as a pension scheme for senior citizens. Varishtha pension bima yojana senior citizens plan 828. Aug 30, 2017 pradhan mantri fasal bima yojana crop insurance in india slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. On death of the pensioner,the purchase price shall be refunded to the nomineelegal heirs. Pradhan mantri suraksha bima yojana sbi archives atal. Varishtha pension bima yojana details 201819 80c application form, eligibility criteria lic the development of senior citizens has always been a concern for the central government. A pensioner can purchase an lic varishtha pension bima yojana policy at the purchase price. Questions are triggered from yojana magazine for both prelims and mains. Yojana, kurukshetra free download everexamupscsscpcs. Pension details name of spouse yes married aadhaar atal pension yojana apy subscriber registration form administered by pension fund regulatory and development authority full name w v vu v wo lo 2.
This site is best viewed using a screen resolution of 1024 x768. A lump sum payment is required to purchase the lic policy. Yojana magazine is very important for upsc mains examination. Mar 05, 2017 varishtha pension bima yojana 2017 is a guaranteed pension scheme by the government of india for senior citizens, aged 60 years and above. Lic varishtha pension bima yojana in hindi lic varishtha pension bima yojana details lic varishtha pension bima yojana is a single premium immediate annuity plan for senior citizens.
Jan 25, 2017 pension plan from central government, hence zero risk investment option. Varishtha pension bima yojana, offers pension that is equivalent to guaranteed return of 9 per cent on the sum contributed by the subscriber. Saubhagya yojana pradhan mantri sahaj bijli har ghar yojana. Aug 25, 2014 lic varishtha pension bima yojana for senior citizens plan 828 details maximum limit of investment under pradhan mantri vaya vandana yojana is rs. Excerpts from budget speech by honrable finance minister are, nda government during its last term in office had introduced the varishtha pension bima yojana vpby as a pension scheme for senior citizens under the scheme a total number of 3. Varishtha pension bima yojana 2017 will provide an assured pension based on a guaranteed rate of 8% of interest for 10 years. With a lump sum payment, pensioners can buy a policy at the purchase. Varishtha pension bima yojana the nda government during its last term in office had introduced the varishtha pension bimayojana vpby as a pension scheme for senior citizens. The scheme would be offered administered through public sector general insurance companies psgics and other general insurance companies willing to offer the product on similar terms with necessary. If you continue browsing the site, you agree to the use of cookies on this website. This scheme is only available during the window from 15th august, 2014 to 14th august, 2015. Honble finance minister in his budget speech 201415 has announced the revival of varishtha pension bima yojana for citizens aged 60 years and above. Varishtha pension bima yojana 2017 the old age pension. Yojana and kurukshetra magazine free download exams pattern has been drastically changed in last few yearsrecently upsc exam held on 7 august 2016.
Vidhwa pension yojana up 20192020 vidhwa pension yojana in hindi widow pension details. Varishtha pension bima yojana assured returns plan lic no 161. Jan 24, 2017 cabinet approves varishtha pension bima yojana 2017 with guaranteed 8% return varishtha pension bima yojana 2017 is proposed to be open for subscription for a period of one year from the date of launch, the statement said. Pension payable death benefit during the lifetime of the pensioner,a pension in the form of immediate annuity 9% tax free as per the mode chosen by the pensioner shall be payable. Date of commencement of policy is the start date of this policy. Although it contains too much information, aspirants. Varishtha pension bima yojana offers pension in four different modes i. Standard operating procedure sop for janashree bima yojana. In case of any mishap, such as death of the person living abroad or any disability, the family of the insured and the insured person get and assured sum of rs. If a candidate can download yojana for free then it would be a great help for the needy aspirants. It is a pure retirement plan which provides lifetime pension in the form of immediate annuity to the pensioner. An annuity is a series of payments made to an annuitant over regular intervals. This wiki will provide details on the history, the features and advantages of the pension scheme.
Hindi pm suraksha bima yojana, pm jeevan jyoti bima yojana. Toll free number 1800110069 of atal pension yojana go paperless opt for an email annual transaction statement. Pradhan mantri fasal bima yojana linkedin slideshare. Life insurance corporation of india registration number. Varishtha pension bima yojana 2020, senior pension insurance plan. On account of covid19 outbreak, we are operating with considerably reduced employee strength. Displaying categorized search results for varishtha pension bima yojana advance search news. Prime minister narendra modi addressed the launch of old age pension scheme on new year eve 2017 and now the scheme got the approval from the cabinet. The lic varishtha pension bima yojana benefits senior citizens during their retirement. How to read and free download yojana magazine for ias exam. Arun jaitley has made varishtha pension bima yojana to be exempt from service tax, i.
Discharge form is the form to be filled by pensioner beneficiary to claim the surrenderdeath benefit respectively. When the scheme was launched in 2003, over 3 lakh people had purchased annuities generating a corpus of rs 6,095 crore. Corporation means the life insurance corporation of india established under section 3 of the lic act, 1956. The official said that varishtha pension bima yojana earlier varishtha pension bima yojana was relevant because there were establishments where retirement age was 55 years or 56 years.
Hello friends here we are providing you the yojana magazine march 2016 version free. The scheme will be a one year cover, renewable from year to year, accident insurance scheme offering accidental death and disability cover for death or disability on account of an accident. Lic varishtha pension bima yojana is a plan designed specifically for senior citizens. Lic varishtha pension bima yojana can be easily combined with other pension schemes such as pf, endowment policies, mutual funds, etc. Rashtriya swasthya bima yojana rsby provides cashless health insurance to the people living below poverty line. Rate this news the three social security schemes launched by prime minister narendra modi on may 9, 2015 pradhan mantri suraksha bima yojana, pradhan mantri jeevan jyoti yojana and atal pension yojana have generated lukewarm response from people in meghalaya. One time premium payment of rs 33,000 fetched a lifelong monthly pension of rs 250. The varishtha pension bima yojana vpby 2017, a scheme unannounced by the prime minster narendra modi on new year eve was approved by the cabinet on tuesday. Aug 12, 2019 varishtha pension bima yojana 200304 plan. Good for low income earned weaker section people who would have got low retirement corpus. During 2003, the bjp government designed and developed a new scheme that aimed at offering a monthly pension to the senior citizens. Varishtha pension bima yojana was a government subsidized scheme announced for indian citizens aged 55 years and above, in the union budget 200304. Jeevan bima marg, mumbai 400 021 th august, 2014 re.
However, this is not clear as of now in case of varishtha pension bima yojana 2017. May 05, 2004 lic of indias varishtha pension bima yojana table no 161 alert. Features of the yojana under this insurance scheme the coverage would be given to the family members of the insured person who is living abroad for work or studies. Indian citizens aged 55 years and above were eligible. Government of india in the union budget 20142015, announced the revival of varishtha pension bima yojana.
It works under aegis of ministry of labor and employment. Now the senior citizen will get more benefits under the pension scheme, because the cabinet has approved the varishtha pension bima yojana 2017 to provide a guaranteed minimum interest rate to senior citizens. Cabinet approves varishtha pension bima yojana 2017 with. Varishtha pension bima yojana insurance plan informations. Pradhan mantri suraksha bima yojana pmsby archives atal. Yojana magazine 2017 pdf download, yojana magazine 2017 pdf download. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. English, hindi, urdu, punjabi, marathi, gujarati, bengali, assamese. Aug 26, 2014 government of india in the union budget 20142015, announced the revival of varishtha pension bima yojana.
Their expertise would help in the smooth running of the plan. Hindi pm suraksha bima yojana, pm jeevan jyoti bima. This plan has been launched for the benefit of the senior citizen and will be available for a limited period only. How to apply for pradhan mantri suraksha bima yojana. May 14, 2020 varishtha pension bima yojana gets over 42,600 subscribers 30 nov, 2014, 12. Varishtha pension bima yojana vpby 2017 with 8% guaranteed. Varishtha pension bima yojana department of financial.