Varishtha Pension Bima Yojna (VPBY) by Govt. of India - Plan 828

Varishtha Pension Bima Yojna (VPBY) – New plan relaunch for 1-year (15th August’14 to 14th August’15)

For the welfare of the senior citizens of our country, the Govt. of India announces a subsidised & attractive Pension Scheme, with LIC as the exclusive administrator.

Eligibility for Varishtha Pension Bima Yojna (Plan No 828):-

• Age-60 and above.
• Single lump sum premium
• Minimum Rs.66,665
• Maximum Rs 6,66,665
• Minimum pension Rs. 500 per month
• Maximum pension Rs. 5,000 per month
• Assumed return of of 9% monthly (9.38% Annually)
• Pension payment period : Monthly, Quarterly, Half yearly or Yearly.
• On demise of the pensioner, nominee will receive the purchase price.