Best pension system: Invest once, you get a pension of 111,000 Rs annually, see information

Best pension system, invest once, you get a pension of 111,000 Rs annually, see information : The elderly must make a one-time investment in Vaya Vandana Yojana for retirement. Every year on April 1, the government revises the return on this system after review. Pension can be taken out monthly, quarterly, semi-annually or annually. If you want to retire every month by investing a lump sum, ‘Pradhan Mantri Vaya Vandana Yojana’ (PMVVY) is the state pension system for you. Actually, for pensioners, their pension is a means of regular income, in such a situation, the Vaya Vandana system run by the government seems to be an attractive option for them.

Best pension system

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Compared to all fixed deposits and pension systems, ‘Pradhan Mantri Vaya Vandana Yojana’ gets a better interest. Although interest rates for this system (PMVVY) have been lowered due to the Corona crisis, but the interest rate has dropped from eight percent to 7.4 percent now. In this, the choice of annual pension gives an annual return of 7.66 percent.

lump sum investment (Best pension system,

The elderly must make a one-time investment in Vaya Vandana Yojana for retirement. Every year on April 1, the government audits the return on this system (PMVVY) after review. Pension can be taken out monthly, quarterly, semi-annually or annually. Following the new changes, the subscriber will need to invest at least 1.62 lakh Rs for a monthly pension. 1.61 lakh for quarterly pension, 1.59 lakh for half-year pension and a minimum investment of Rs 1.56 lakh for annual pension.

The maximum monthly pension in Vaya Vandana Yojana (Pradhan Mantri Vaya Vandana Yojana) will be 9250 Rs. When there is a provision to receive a quarterly pension of Rs 27,750, a half-year pension of Rs 55,500 and a maximum annual pension of Rs 1,11,000. In this system (PMVVY) an investor can invest up to a maximum of Rs 15 lakh.

If you invest 15 lakh Rs 2021, you will continue to receive a fixed return of up to 7.4 percent per year until the year 2031. If the investor survives even after the insurance period of 10 years, he will get back the invested amount. With the last payment of pension. On the other hand, if an investor dies during the insurance period (PMVVY), his manager will receive the entire investment.

Who is the plan for?

Under Pradhan Mantri Vaya Vandana Yojana, pension arrangements are made for the elderly. This plan has been kept under LIC. As it is a pension system, it can only be used after the age of 60. Now is the last date to join this system (PMVVY) to March 2023.

There are many benefits to this pension scheme (PMVVY). For example, if the investor dies halfway, the purchase price is returned to the nominee. The amount deposited by the investor at the time of purchase of the policy is repaid after the end of the term of 10 years. The loan facility is also available after 3 years of investment. Along with this, early withdrawals are allowed under certain circumstances. What is special is that there is no need for medical examination in this pension system (Pradhan Mantri Vaya Vandana Yojana).

what is helpline

For more information on Pradhan Mantri Vaya Vandana Yojana, call 022-67819281 or 022-67819290. Apart from this, toll-free number 1800-227-717 and e-mail ID [email protected] The benefits of the system can also be understood through this. Apart from this, you can understand in detail about the schedule (PMVVY) by visiting the link https://eterm.licindia.in/onlinePlansIndex/pmvvymain.do.

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