LIC Big Pension Intention: These married couples can receive Rs 18,500 month-to-month pension below PM Vaya Vandana Yojana

Reported By: DNA Web Team| Edited By: DNA Net Personnel |Source: DNA Net Desk |Updated: Jan 21, 2023, 10: 12 AM IST

Pradhan Mantri Vaya Vandana Yojana pension plan became launched by the central authorities on Also can honest 26, 2020. As the title suggests, the plan lets in married couples to receive a secured month-to-month pension. The plan is operated by Life Insurance Company of India (LIC) and married couples can make investments within the plan till March 31, 2023. Married couples can pick benefit of the plan after they turn 60. Couples can with out express receive a month-to-month pension of Rs 18,500 by the thought mentioned below.

LIC Big Pension Intention: Pradhan Mantri Vaya Vandana Yojana to present Rs 18,500 per month

Within the Pradhan Mantri Vaya Vandana Yojana pension plan, a married couple can make investments a most of Rs 15 lakh within the event that they’ve crossed the age of 60 years. Earlier essentially the most amount that a person can make investments on this plan became Rs 7.5 lakh, which became later increased by the authorities. Married couples who’re over 60 years of age can recede for this thought as it provides extra hobby to senior voters than many other schemes.

To receive a Rs 18,500 pension each month, both husband and vital other will deserve to make investments an amount of Rs 15 lakh within the Pradhan Mantri Vaya Vandana Yojana. The total sum invested by the couple will be Rs 30 lakh. With an annual hobby payment of 7.40% on this plan, the couple will receive Rs 2,22,000 yearly.

When you divide Rs 2,22,000 by 12, which that you may maybe likely also receive the month-to-month pension of Rs 18,500. If simplest one person invests on this plan with Rs 15 lakh, then the month-to-month return will be Rs 9,250. It is price noting that the thought is for 10 years.

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