LIC Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme for senior citizens, above 60 years of age that assures guaranteed pension for 10 years. LIC Pradhan Mantri Vaya Vandana Yojana - Eligibility and featuresAnyone who has attained a minimum age of 60 years can buy this policy. Loan of up to 75% of the purchase price can be availed after three years to cover emergencies. Due to medical emergencies (self and spouse), the subscribers can withdraw 98% of the purchase price. In case of death of the subscriber, the purchase price of the plan would be refunded to the legal heirs.
Source: dna May 17, 2021 16:07 UTC