[Form] PM Vaya Vandana yojana 2022 PMVVY LIC Registration

PM Vaya Vandana Yojana registration | PM Vaya Vandana Yojana Apply Online | pradhan mantri vaya vandana Online apply In hindi | vay vandana yojana Pension Online | vay vandana scheme application form

Modi government Pradhan Mantri Vaya Vandana Yojana The pension scheme was started from May 4, 2017, whose last date has been extended, so far if you are not a participant in the scheme, then now this Pradhan Mantri Vaya Vandana Yojana 2021-22 Let us tell you all that in the budget speech of 2018-19, the Government of India had increased the maximum limit under PM Vaya Vandana Yojana to Rs 15 lakh. This pm vaya vandana yojana can be applied from Life Insurance Corporation of India (LIC) in online or offline mode. The main objective of the scheme is to provide regular pension to senior citizens at a time when there is a fall in the interest rates.

PM Vaya Vandana Yojana 2021
PMVVY Registratin

Pradhan Mantri Vaya Vandana Yojana 2022 (PMVVY)

Pradhan Mantri Vaya Vandana Yojana is a pension scheme of the government, which was launched by the government in the budget speech of 2018-19, under the scheme, the applicant will have to buy an LIC policy, this will be a kind of insurance policy, increasing the amount of this insurance policy to 15 lakhs. Rs.

Pradhan Mantri Vaya Vandana Yojana It is a non-linked, non-participating, pension scheme which was revised by the Central Government in May 2020 It will be decided. The scheme was extended for 3 years till 31 March 2023.

PMVVY Pension Scheme extended [Update]

Pradhan Mantri Vaya Vandana Yojana (PMVVY) pension scheme, which is for senior citizens, is now March 31, 2023 has been extended to. This earlier scheme was open till 31st March, 2020 and we also provided you information about the last date of this scheme.

According to a tweet by KS Dhatwalia, Principal Director General, Press Information Bureau, “The cabinet has extended a period of three years with effect from March 31, 2020. March 31, 2023 So far ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY) has approved the extension of

Vay vandana scheme in Highlights

scheme name Pradhan Mantri Vaya Vandana Yojana 2022 (PMVVY)
applied by central government
who started PM Narendra Modi
Launch Date 4 May 2017
Scheme Type pension scheme
Implemented by LIC
beneficiary common man
Objective to provide pension
official website licindia.in
Application Mode Online
registration year 2022
Scheme Status is on

LIC PM vaya vandana yojana Benefits

There are many benefits of this scheme of the government, which can be availed by applying in this scheme, the major benefits under Pradhan Mantri Vaya Vandana Yojana (PMVVY) are as follows:

  • The scheme offers an assured return of 8% (equivalent to 8.30% pa effective) payable monthly for 10 years
  • At the end of each term, the pension period can be chosen by the pensioner at the time of purchase as per the frequency of monthly/ quarterly/ half-yearly/ yearly, during the policy term of 10 years.
  • On survival of the pensioner till the end of the policy term of 10 years, the purchase price will also be given along with the last pension installment.
  • The scheme allows premature exit for the treatment of any critical/terminal illness of self or spouse. In case of such premature exit, 98% of the purchase price will be refunded.
  • In case of death of the pensioner during the policy term of 10 years, the purchase price will be paid to the beneficiary.

Pension Payment: On survival of the pensioner during the policy term of 10 years, pension in arrears will be payable (at the end of each term as per the mode chosen).

Death Benefit: On death of the pensioner during the policy term of 10 years, the purchase price will be returned to the beneficiary.

Maturity Benefit: On survival of the pensioner till the end of the policy term of 10 years, the purchase price along with the last pension installment will be payable.

Eligibility And Other Restrictions

Minimum Entry Age 60 years (completed)
Maximum Entry Age no limit
Policy Term 10 years
Minimum Pension Rs. 1,000/- per month
Rs. 3,000/- per quarter
Rs. 6,000/- per half-year
Rs. 12,000/- per year
Maximum Pension Rs. 10,000/-per month
Rs. 30,000/-per quarter
Rs. 60,000/- per half-year
Rs. 1,20,000/- per year

Maximum pension limit per senior citizen i.e. total amount of pension under all policies under this scheme including policies taken under Pradhan Mantri Vaya Vandana Yojana with UIN 512G311V01, from the maximum pension limit to be given to a senior citizen will not be more.

The plan can be bought offline as well as online through Life Insurance Corporation of India (LIC), the policy cannot be bought anywhere else To buy online, http://www.licindia.in/ go to

Documents Required for Viaya Vandana Yojana

  • Aadhar Card
  • identity proof
  • proof of residence
  • pan card
  • mobile number
  • Applicant’s photo

Payment of Purchase Price

The plan can be purchased by paying a lump sum purchase price. The pensioner has the option to choose the amount of pension or the purchase price.

The minimum and maximum purchase price under different modes of pension would be as under:

Mode of Pension Minimum Purchase Price Maximum Purchase Price
Yearly 1,44,578 14,45,783
half-yearly 1,47,601 14,76,015
quarterly 1,49,068 14,90,683
Monthly 1,50,000 15,00,000

Mode of PMVVY Pension Payment

The modes of pension payment are monthly, quarterly, half yearly and yearly. Pension payment will be through NEFT or Aadhaar enabled payment system.

The first installment of Vaya Vandana Yojana pension will be paid after 1 year, 6 months, 3 months or 1 month depending on the mode of pension payment i.e. yearly, half yearly, quarterly or monthly.

PM Vaya Vandana Yojana Loan

Loan facility is available after completion of 3 policy years. The maximum loan that can be given would be 75% of the purchase price.

The rate of interest for the loan amount will be fixed at periodic intervals. For loans sanctioned in the financial year 2016-17, the applicable interest rate is 10% p.a. Payable half-yearly for the entire tenure of the loan.

Loan interest will be recovered from the pension amount payable under the policy. Loan interest will accrue as per the frequency of pension payment under the policy and will be on the due date of pension. However, the loan outstanding will be recovered from the claim proceeds at the time of exit.

Sample Pension Rates Rs.1000 Per Purchase Price

The pension rates for Rs.1000 purchase price for various modes of pension payment are as follows:

Yearly Rs. 83.00 pa
half-yearly Rs. 81.30 pa
quarterly Rs. 80.50 pa
Monthly Rs. 80.00 pa

Frauds under PM Vaya Vandana Yojana

LIC may notify the Life Assured in case of any fraud related to the policy within 3 years:

  • Policy issuance date.
  • The date of commencement of the risks.
  • The date the policy was revived.
  • The date the rider was added to the policy, whichever is later.

The insurer must also provide the insured or his/her legal representative, or nominee, with details as to why such action was taken and these particulars must be given in writing. Fraud in such circumstances means an act which is done by the insurer or his agent with the aim of defrauding the insurer.

PMVVY LIC Policy Apply Online [Registration]

Those candidates who want to take advantage of the scheme can purchase the PMVVY Pension Scheme policy on the official website of LIC India at licindia.in by using the procedure given below:

  • Online policy page of the official website of LIC India to buy the policy https://onlinesales.licindia.in/eSales/liconline Go to
  • LIC plan 856 (now available on the website)Pradhan Mantri Vaya Vandana YojanaClick on the “Buy Online” button under
PMVVY LIC
  • On the next page, the complete information about filling the LIC PMVVY online application form will come in front of you, here you have to click on the “Click to Buy Online” button.
LIC Pradhan Mantri Vaya Vandana Yojana
  • After clicking on the mentioned button, now the online application form of Pradhan Mantri Via Vandana Yojana will open in front of you.
  • Fill all the required details in the form and click on “Calculate Premium” button.
PMVVY Registration
  • Now, you will receive OTP on your mobile number, enter OTP on OTP screen and click on “Proceed” button.
  • After entering the OTP, you will be asked whether you already have PMVVY policy or not, then select “No” here and then click on “Next” button.
PMVVY LIC
  • On the next page, you will see the complete application form for PM Vaya Vandana Yojana LIC where you have to select the Purchase Option, Pension Mode, Amount and Payment Mode. After filling all the details as per your choice, click on the “Calculate Premium” button.
PM Vaya Vandana Pension Yojana Form

Now you will be shown the details of premium and then you can proceed with Aadhaar verification and online payment of premium. After successful payment, the policy will be issued to you and a policy number will be provided.

Pradhan Mantri Vaya Vandana Yojana Registration

If a person wants to apply online in this scheme, then he can do it only from the official website of Life Insurance Corporation of India, this scheme cannot be applied from anywhere else and to apply offline, you have to contact your nearest LIC Branch. have to do

LIC Pradhan Mantri Vaya Vandana Yojana 2022 Follow all the steps given below to apply online:

  • First to apply https://licindia.in/ go to website
  • Now under the ONLINE SERVICES section of the website “Customer Portal” Click the link
lic vaya vandana yojana
pradhan mantri vaya vandana yojana proposal form
  • Now the Apply Now form will open in front of you, in which fill all the requested information such as your name, mobile number, email id, date of birth, address etc.
  • After filling the form, put a check mark in the box of term and condition and click on submit button.

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