Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Government of India Pension plan sold by LIC for Senior Citizens where Monthly 1000 to 5000 pension can be availed on deposit of single one time amount. One can easily calculate Yearly, Half Yearly, Quarterly and Monthly Pension by entering one time deposit amount.
Wrote : 01-07-2017 18:52:44
In the plan document, there is no mention of TDS. As suggested by some experts, submission of 15 H would be needed to avoid TDS. Why there is no clear cut mention in the plan for TDS. Is it not something the scheme formulator should have thought of before launching the plan???????????
Replied : 01-07-2017 19:10:23
Yes, there should have been such provision.
Wrote : 19-06-2017 13:48:54
I have paid a sum of Rs.7,45342/- towards quarterly pension on 22.5.2017 for 10 yrs.under 842 plan of LIC. When I shall be getting my first quarterly pension?
Replied : 19-06-2017 14:07:00
Pension starts after completion of first selected duration, for example if monthly chosen, then pension will be credited on completion of 1 month from date of enrollment. In your case, pension will start from completion of a quarter (3 months) from date of purchase i.e. 22.08.2017.
Wrote : 28-05-2017 14:08:24
supposed I pay Rs. 1,50,000/- say one time premium that is Rs.1,50,000/- on 26/05/2017 -(Policy Term 10 Year) so from which year I am getting Rs.1000/- pension. and how long I will get the pension. Then principal amount 150000 refund immediately.
Replied : 29-05-2017 16:47:21
It is already explain in below query.
Wrote : 26-05-2017 16:40:19
supposed I pay Rs. 1,50,000/- say one time premium that is Rs.1,50,000/- on 26/05/2017 -(Policy Term 10 Year) so from which year I am getting Rs.1000/- pension. and how long I will get the pension.
Replied : 26-05-2017 17:58:12
You should get first monthly pension on 26-06-17 and 1000 per month up to 26-05-27 and 1,51,000(150000+1000) on 26-06-27.