Licindia.in – Pradhan Mantri Vaya Vandana Yojana Form 2022 available on licindia.in PMVVY Registration Form online, Check PM Vaya Vandana Yojana form in Hindi. Start and meaning of the scheme – Pradhan Mantri Vaya Vandana Yojana was launched by the Government of India in 2020. ‘Vaya Vandana’, making this serpent meaningful, the Central Government started a scheme for the senior citizens of the country.
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It is a pension type scheme which is for people of 60 years of age and above. We can say that keeping in mind the future of the elderly, this scheme has been run so that they can lead a happy life. They should not have to depend on others in their old age.
Pradhan Mantri Vaya Vandana Yojana Form 2022
What is PM Vaya Vandana Yojana? In fact, this is a scheme of Life Insurance Corporation of India itself. Under this scheme, the amount of pension is given to the person. He gets this pension from the money he has invested. Under this scheme, if a person who is 60 years of age or more wants to get pension every month, then he will get 8% interest for 10 years and if he wants to get pension annually then he will get 8.3% interest for the next 10 years.
Earlier there was a provision of investment of Rs 7.50 lakh in this insurance scheme, which has now been increased to Rs 15 lakh.
Along with the investment amount, now the time limit has also been extended. It has been extended from 2020-21 to 31 March 2023.
Every year the insurance plan sold will be reviewed as per the terms and conditions.
The Finance Ministry will fix the rate along with the guarantee at the beginning of every year.
According to PMVV 2022, applicants can take their interest amount as pension.
PMVVY Registration Online 2022
Benefits of Pradhan Mantri Vaya Vandana Yojana (PM Vaya Vandana Yojana Benefits)
Through this scheme, senior citizens can get good interest on their invested amount in the form of pension. Under this scheme, if a person wants to get 12000 pension, then he will have to invest Rs 1,56,658 and deposit Rs 1,62,162 to get 1000 rupees every month. If a person wants to take a loan when needed, then he can also be given a loan under this scheme.
The applicant can choose whether to take pension every month, after three months, after six months or after a year while making the investment. If you take 1000 rupees after a month, 3000 rupees after three months, 6000 after six months and if you want to take it after a year, then 12000 rupees will be collected in the form of pension.
PM Vaya Vandana Yojana Interest Rate 2022
If a citizen is not able to run this scheme due to any reason, then he can withdraw his amount before the stipulated time. If a person has a health problem, he can get 98% of the deposited amount back for treatment.
Another benefit a person can get from this scheme, if he wants to take a loan, then he can take a loan up to 75% of the deposited amount.
And yes, if a citizen is not satisfied with its terms and conditions after joining this scheme, then the applicant can leave it within 15 days but it is worth noting here that he has bought the policy offline. Apart from this, if he has invested online then it can be returned within 30 days.
PMVVY Form in Hindi
The applicant has to keep in mind that while returning the policy, he will have to give the right reason why you do not want to take the policy. If you return the policy, then after deducting the amount of pension deposited, refund of Purchase Price is the specialty of this policy.
Under the Pradhan Mantri Vaya Vandana Yojana, the rate of interest has been fixed at 7.40 percent per annum for the sale policy till March 31, 2022. The time limit of this policy is 10 years. There is a provision to give pension along with the amount on the survival of the policy holder for 10 years.
And if the investing citizen dies in the middle of 10 years, then the deposit amount is given to the heir created by him.
PMVVY Eligibility Criteria Eligibility for Pradhan Mantri Vaya Vandana Yojana
(1) The person joining this scheme should be a permanent citizen of India.
(2) The age of the applicant is 60 years or more, only then he can take advantage of this scheme.
(3) The policy holder of the Pradhan Mantri Vaya Vandana Yojana should have an account in the bank and it is necessary that the bank account should be linked with the Aadhar card.
PM Vaya Vandana Yojana Documents required
1. Age certificate
2. Aadhar Card
3. Income certificate
4. Residence certificate
5. Bank account pass book
6. Passport size photo
7. Mobile number
PM Vaya Vandana Yojana Application Process
How to Apply for Pradhan Mantri Vaya Vandana Yojana
If all the documents mentioned above are with the applicant then he/she can apply through both online or offline mode. In this offline method is very easy and convenient. In this, you can join this scheme through an agent well known to you.
He will inform you with correct and complete information. Apart from this, you can also apply by visiting the LIC branch. The second method of application is online in which the applicant can apply by visiting the official website of LIC.
To apply online, first of all the person has to go to the official website of LIC.
On the home page of this website, you will see the link of Vaya Vandana Yojana which you have to click.
Now a new page will open in front of you. If you look at the bottom of it, you will find PMVVY Scheme 2022 written. Buy Now will be written just below it, you have to click on it.
Now a second page will open in front of you. It will have given some information about this plan. At the bottom of the same page, you will see an option called Click to buy online. You have to click on this. Now the Policy Registration Form will open in front of you. You have to give correct answer to the information asked in it. Then you will also have to upload your necessary documents. After that you have to click on the submit option. Thus your online application process is completed.
We would like to say through this article that the Government of India has started this very useful scheme for the elderly people. Taking advantage of this scheme, they can spend their old age comfortably and lead a dignified life. The word Vaya Vandana is really a respectful word in which the glimpse of Indian culture is found.
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