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Pradhan Mantri Vaya Vandana Yojana

This is a government initiative scheme for senior citizens to provide them with a regular source of income. This is a 10-year saving scheme applicable for senior citizens.

  1. What are the key features of this policy?
  • Regular Source of Income
  • Receiving of last pension installment as well as the purchase price of the policy once the plan matures
  • Death Benefits Availability: In the case of the death of the policyholder, the purchase price is refunded to the beneficiary
  • Surender Value Benefits: 98% of the amount invested is refunded under the clause of surrender against critical illness and terminal illness
  • Loan Benefit Availability
  1. What is the age limit for buying the policy?

The minimum age to buy the policy is 65 years, and no upper limit for maximum entry age.

  1. What is the tenure limit of the policy?

The locking period of the policy is ten years.

  1. What is the frequency of the premium payment?

The premium payment frequency can be set as monthly, quarterly, semi-annually, and annually depending upon your suitability.

  1. From where can I buy the policy?

You can buy the policy from us.

  1. Is there a loan avail benefit against this policy?

Yes, a loan is available against the policy after paying the premium for the first three years.

  1. What is the value of the minimum pension amount against the policy?

The minimum pension value amounts from Rs. 1000/- to a maximum of Rs. 10,000/- per month.