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How much Can I Invest?
Depending on how you want your Pensionpayment, you can invest from minimum of Rs 63,960/-upto maximum of Rs 6,66,665/-
When Can I Invest?
This scheme is open from 15th August 2014 to 15th august 2015 only.
What is the Rate of Return (ROR)?
ROR ranges from 9% to 9.38%,depedning on the frequencyof pension payment chosenby you. When will I
receive the Pension?
As per your choice, you can receive the pension in; 1 month, 3 months, 6 motnhs or 1 year
How will I receivethe Pension?
Pension is paid via ECS/ NEFT only.
Eligibity Criteria:
Age: Minimum 60 years completed, no maximum age limit
Nationality: Indian
Where/ How can I invest?
This scheme is being operated by LIC of Indiaonly. To invest you need to contact nearest LICoffice.
Tax Implications?
Investement under this scheme does not qaulify for any deduction.
TDS will be deducted onthe pension paid
Varishtha Pension Varishtha Pension Bima Yojana Bima Yojana