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Wednesday, 7 December 2022

Pradhan Mantri Vaya Vandana Yojana


Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme exclusively for senior citizens aged 60 years and above. The maximum investment limit per senior citizen under this scheme is Rs 15 lakh.

PMVVY વિશે વધુ માહિતી

  • વાર્ષિક રૂ. 1,44,578/- રૂ. 14,45,783/-
  • અર્ધવાર્ષિક રૂ. 1,47,601/- રૂ. 14,76,015/-
  • ત્રિમાસિક રૂ. 1,49,068/- રૂ. 14,90,683/-
  • માસિક રૂ. 1,50,000/- રૂ. 15,00,000/-

Pension Payment Method under PMVVY:

  • The modes of pension payment are monthly, quarterly, half yearly and yearly. Payment of pension will be through NEFT or an Aadhaar-enabled payment system.
  • The first installment of the pension will be paid after 1 year, 6 months, 3 months, or 1 month depending on the mode of pension payment, which is annual, half-yearly, quarterly, or monthly respectively.

Free Look Period: If a policyholder is not satisfied with the policy, he can return the policy within 15 days (30 days if the policy is purchased online) from the date of receipt of the policy indicating the reason for objection. The amount refunded within the free look period is the purchase price deposited by the policyholder after deducting stamp duty and charges for pension paid, if any.

Benefits of Pradhan Mantri Vaya Vandana Yojana

Rate of return

The PMVVY scheme offers subscribers an assured return of 7% to 9% for 10 years. (Government fixes and revises rates of return)

PMVVY પેન્શનની રકમ

ન્યૂનતમ પેન્શન

  • રૂ. 1,000/- દર મહિને
  • રૂ. 3,000/- પ્રતિ ક્વાર્ટર
  • રૂ.6,000/- પ્રતિ અર્ધ-વર્ષ
  • રૂ.12,000/- પ્રતિ વર્ષ

મહત્તમ પેન્શન

  • રૂ. 10,000/-દર મહિને
  • રૂ. 30,000/- પ્રતિ ક્વાર્ટર
  • રૂ. 60,000/- પ્રતિ અર્ધ-વર્ષ
  • રૂ. 1,20,000/- પ્રતિ વર્ષ

Pradhan Mantri Vaya Vandana Yojana પરિપક્વતા લાભ

The full principal amount (including final pension and purchase price) will be paid after the 10-year term of the policy.

Pension Payment: Pension is payable at the end of each period as per the selected frequency (monthly, quarterly, half-yearly or annually) during the 10-year policy term.

PMVVY મૃત્યુ લાભ

On death of the pensioner at any time during the 10 year period, the purchase price will be returned to the legal heirs/nominees.

Suicide: There will be no exclusion on account of suicide and the full purchase price will be payable.

PMVVY લોન લાભ

A loan of up to 75% of the purchase price can be availed after three years to cover emergencies. However, the rate of interest for the loan amount will be charged as determined by the Government from time to time and the loan interest will be charged from the amount of pension payable under the policy.

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સમર્પણ મૂલ્ય

The scheme allows premature exit during the policy term under exceptional circumstances such as when the pensioner needs money to treat any critical/terminal illness of himself or spouse. In such cases a surrender value of 98% of the purchase price will be payable to the pensioner.

Pradhan Mantri Vaya Vandana Scheme Eligibility

  • There is no specific eligibility criteria for the PMVVY scheme except that the subscriber should be a senior citizen, ie (60 years and above).
  • Applicant must be an Indian citizen.
  • There is no maximum entry age for PMVVY scheme.
  • The applicant should be willing to avail the policy tenure of ten years.

PMVVY માટે અરજી પ્રક્રિયા


  1. Log on to the official website of LIC
  2. Click on the 'Buy Online Policies' option and scroll down the page and click on the 'Click Here' button.
  3. Click on the option 'Pradhan Mantri Vaya Vandana Yojana' under the heading 'Buy Policy Online.
  4. A new page will open. Click on the 'Click to Buy Online option.
  5. Enter the contact details and click on the 'Proceed' button.
  6. Fill the application form.
  7. Submit online application, upload documents as requested
  8. And click on the 'Submit' button to complete the registration.



મહત્વપૂર્ણ કડીઓ

સત્તાવાર વેબસાઈટ પર જવા માટેઅહિયાં ક્લિક કરો
વોટ્સએપ ગ્રુપમાં જોડાઓઅહીં ક્લિક કરો

Documents required for PMVVY
aadhar card
Bank account details
aadhar card
PAN card
Proof of age
address proof
Income proof
Documents showing that the applicant has retired from employment

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