Government of India has announced Pradhan Mantri Vaya Vandana Yojana for citizen age 60 years and above. LIC of India has been given the sole privilege to operate this scheme. The scheme shall be available for one year from date of launch.
Name of the Scheme | Pradan Mantri Vaya Vandana Yojana (PMVVY) |
Type | Pension Scheme |
Beneficiaries | Senior citizens, aged 60 years and above |
Launched On | July 22, 2017 |
To be Launched by | Finance Minister Arun Jaitley |
Scheme available from | May 4, 2017, to May 3, 2018 |
Implemented by | LIC, Life Insurance Corporation |
Purchase of Policy | Online or Offline |
Minimum Entry Age | 60 years |
Maximum Entry Age | No limit |
Policy term | 10 years |
Minimum pension |
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Maximum pension |
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