Life Insurance Corporation of India (LIC) has announced the launch of the Pradhan Mantri Vaya Vandana Yojana, which is a social security scheme for senior citizens. This plan starts from May 26 for three financial years up to March 31, 2023. LIC is solely authorised to work this scheme, which works as a Non-Linked, Non-Participating, Pension Scheme subsidised by the Centre.
Click Here To Get Test Series For SBI PO 2020
The policy term is of 10 years and for policies sold during the first financial year up to March 31, 2021, the scheme will provide an assured rate of return of 7.40 per cent once a year payable monthly (which is like 7.66 per cent per annum) for the whole duration of 10 years.
Important takeaways for all competitive exams:
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in competitive examinations…
The Ministry of Electronics and Information Technology (MeitY) has launched ‘PARAM SHAKTI’, a powerful new…
Akasa Air, India’s youngest airline founded in 2020, has become a member of the International…
The Government of India focuses strongly on the welfare and empowerment of women and children.…
The 53rd edition of the New Delhi World Book Fair (NDWBF) 2026 will be held…
The 98th Academy Awards, also known as Oscars 2026, have recognized five Indian films as…