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Invest in Jeevan Akshay VI Phone : 9480 240 513 and get immediate pension for whole life. Interest rate will not fluctuate till life time.

 
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LIC Insurance Plans


Jeevan Anand

Endowment Policy

Endowment - Single Premium

Tax Saving Plans

Jeevan Akshay VI



PRADHAN MANTRI VAYA VANDANA YOJANA - Revised plan 2018

Immediate pension plan from next month



    Pradhan Mantri Vaya Vandana Yojana plan is only for age 60 and above Indian Citizens as announced by Government of India.

    • This is a Government subsidized scheme and will provide assured returns of 8% p.a. payable monthly
      (effective yield of 8.30% p.a.) on pensioner surviving policy term of 10 years.
    • Plan can be purchased by payment of lump sum Purchase Price.
    • Pensioner has an option to choose either the amount of pension or the Purchase Price.
    • Purchase Price will be accepted by cheque/drafts payable on the Bank Branch which is member of local/CTS/Speed Clearing Center.
    • Pension will be paid via NEFT/ Aadhar Enabled Payment System.
    • Min. Pension should be `1,000 per month and Max. `10000 per month per Sr. Citizen including pension opted under earlier PMVVY

    Features & Conditions:


    Minimum age at entry : 60 years lbd
    Maximum age at entry : No limit
    Available Riders: Nil
    Mode of Payment: Single only
    Pension Modes: Yearly, Half-yly, Qly or Mly.
    The first annuity instalment will start after one year, 6 months, 3 months or one month as per mode selected.
    Policy Loan : Available after 3 Policy years up to 75% of Purchase Price. Loan interest will be deducted from Pension.
    Assignment: Allowed in favour of LIC only.
    Surrender: 98% of Purchase Price, only for treatment of critical illness of self/spouse.
    Suicide Clause : Not Applicable
    Back Dating : Not Allowed
    Current GST Rate : Nil


    Tax Benefits :


    On Premiums : Nil
    Pension : Taxable
    Maturity/ Death claim : Tax Free

    pradhan mantri vaya vandana, senior citizen pension, lic new plan

    KYC/AML:



    Source of funds should be clearly established. e.g: Bank FDs, Maturity of postal savings, Claim from Insurance policies, Retirement Benefits, Sale of property, Compensation received etc.

    In view of Future Provision of Aadhar Enabled payment system, bank account linked with Aadhar Number and mobile number may be insisted as far as possible.


    Life Certificate:



    Pension payment will be released only on receipt of Life Certificate in month of November every year as per LIC Proforma or online “Jeevan Pramaaan”.


    Pradhan Mantri Vaya Vandana Yojana plan, Call us at 9480240513


    Insurance is the subject matter of solicitation