Pradhan Mantri Vaya Vandana Yojana(856)

• Plan : Pradhan Mantri Vaya Vandana Yojana(856)
• Product Summary : Pradhan Mantri Vaya Vandana Yojana (Plan No. 856) is a Government subsidized Scheme which shall provide an assured return of 7.4% p.a.payable monthly (i.e. equivalent to 7.66% p.a.) on the pensioner surviving during the policy term of 10 years 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 and yearly. The pension payment shall be through NEFT OR Aadhar Enabled Payment System only.
• Pension Rate :
  • Yearly : 7.66
  • Halfly : 7.52
  • Quarterly : 7.45
  • Monthly : 7.40
• Minimum Entry Age : 60 Year Completed
• Maximum Entry Age : No Limit
• Minimum Sum Assured :
  • Yearly : 1,56,658
  • Halfly : 1,59,574
  • Quarterly : 1,61,074
  • Monthly : 1,62,162
• Maximum Sum Assured :
  • Yearly : 14,49,086
  • Halfly : 14,76,064
  • Quarterly : 14,89,933
  • Monthly : 15,00,000
• Min-Max Pension Limit :
  • 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. 9,250/- per Month
  Rs. 27,750/- per Quarter
  Rs. 55,500/- per Half-year
  Rs. 1,11,000/- per Year