Senior Citizen Plan

Plan 1 : Pradhan Mantri VayaVandana

( Exclusive Senior Citizen Plan for 60 years and above ). Minimum Investment : 1.62 lakhs, and Minimum pension criteria of Rs 1000 per month Maximum Investment amount per person 15 lakhs with return of 7.6 % for 10 years.

Example

• Investment 15 lakhs GST Not applicable
• Monthly Pension 9250 (Guaranteed for 10 years)

Senior Citizens also have the option to invest in a senior citizen scheme of Bank or Post Office anyone apart from Pradhan Mantri Vaya Vandana Scheme.

Plan 2 : Jeevan Akshay

This Pension Plan offers immediate pension fixed and guaranteed for life long.

• Age Group 30 to 100 years
• Minimum Investment 1 lakh
• Maximum : No upper Limit

Example

• Age 40 Investment Amount 10 lakhs. GST @ 1.8 Percent. Actual Investment amt 10.18 lakhs
• Yearly Pension 53050
• Half Yearly Pension 26075
• Qtly Pension.12925
• Monthly Pension 4279

Plan 3 : Jeevan Shanti

This Pension Plan offers pension in deferred option. Ideally recommended for those who have lump sum corpus and wish to plan pension after a few years.

• Age Group 30 to 79 yrs
• Minimum Investment 1.5 lakhs
• Maximum : No upper Limit

Example

• Age 40 Investment Amount 10 lakhs with deferred option of 5 years Actual Investment amt 10.18 lakhs
• Yearly Pension 66500
• Half Yearly Pension 32606
• Qtly Pension.16142
• Monthly Pension 5327

Plan 4 : Saral Pension

TThis plan is the age group of 40 to 80 years. Minimum Investment 1 lakhs. There is no upper limit on investment amount. Plan available with option of immediate pension. Pension can be opted on single life as well as joint life. 95 percent surrender value is available in case critical illness is detected to the annuitant,spouse or children of the annuitant.