+91 9998272519 Jayesh@licadvisor.in

Varishtha Pension (828)

Product Summary :
“Varishtha Pension Bima Yojana” (Plan No. 828) is a Government subsidized Scheme which shall provide an assured return of 9% p.a.payable monthly (i.e. equivalent to 9.38% p.a.) for citizens aged 60 years and above.

Premium Payment Mode:
Single Premium

Mode of Pension payment:
• The modes of pension payment are monthly, quarterly, half-yearly & yearly. The pension payment shall be through ECS/NEFT only.

Pension Rate :
• Yearly : 9.3807
• Halfly : 9.1705
• Quarterly : 9.0677
• Monthly : 9.0

Minimum Entry Age :
60 Year Completed

Maximum Entry Age :
No Limit

Minimum Sum Assured :
• Yearly : 63960
• Halfly : 65430
• Quarterly : 66170
• Monthly : 66665

Maximum Sum Assured :
• Yearly : 639610
• Halfly : 654275
• Quarterly : 661690
• Monthly : 666665

Min-Max Pension Limit :
• Minimum Pension:
Rs. 500/- per Month
Rs. 1,500/- per Quarter
Rs. 3,000/- per Half-year
Rs. 6,000/- per Year

• Maximum Pension:
Rs. 5000/- per Month
Rs. 15,000/- per Quarter
Rs. 30,000/- per Half-year
Rs. 60,000/- per Year
Policy Benefits :

On Death :
On death, the full purchase price will be refunded to nominee.

Surrendered Value :
Surrender would be allowed after 15 years or earlier in special circumstances like critical / terminal illness of self or spouse.

Loan :
Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement.

Leave a Reply

Your email address will not be published. Required fields are marked *