Free Varishtha Pension Bima Yojana 2023: देश के बुजुर्गों के लिए सरकार की सबसे अच्छी पेंशन योजना, जाने इसके लाभ और पात्रता
Varishtha Pension Bima Yojana 2023: To help people financially, various types of pension insurance schemes are run by the central government and through these insurance schemes, financial assistance is provided to the citizens of the country. Varishtha Pension Bima Yojana has been started for the senior citizens of the country.
You can get the benefits of this scheme by applying for this insurance scheme. For this you have to apply under Varishtha Pension Bima Yojana. Through this article, we will tell you the benefits, eligibility, purpose, necessary documents and the complete process of applying for Senior Pension Insurance Scheme. For this you have to read this article carefully.
What is Varishtha Pension Bima Yojana?
This is an insurance policy run for the citizens of the country, through which the citizens have to pay the premium amount only once. Citizens can make this payment every month, quarterly, half-yearly or annually.
After paying once in this policy, its benefit is covered for the whole life. If a person is not satisfied with this Varishtha Pension Bima Yojana, then he can withdraw his money within a public period of 15 days. A lock period of 15 days has been given for this.
Overview of Varishtha Pension Bima Yojana
|योजना का नाम||Varishtha Pension Bima Yojana 2023|
|आरम्भ की गयी||भारत सरकार द्वारा|
|विभाग||भारतीय जीवन बीमा निगम|
|लाभार्थी||देश के वरिष्ठ नागरिक|
|योजना का उद्देश्य||देश के वरिष्ठ नागरिकों को पेंशन प्रदान करना|
|योजना का लाभ||इस योजना के अंतर्गत 9.3 प्रतिशत के प्रतिफल दर निर्धारित की गई है|
|आवेदन का प्रकार||ऑफलाइन|
|आधिकारिक वेबसाइट||Click Here|
Objective of Varishtha Pension Bima Yojana
There are many citizens of the country who are not able to live their life properly due to poor condition. Keeping all these things in mind, the Central Government has started Varishtha Pension Bima Yojana. Through this scheme, pension will be provided to all the senior citizens of the country so that they can improve their standard of living and live their lives properly. Through this scheme, senior citizens of the country will become self-reliant and empowered.
Loan under Senior Pension Insurance Scheme
Under this scheme, a citizen can get a loan for any need on an investment of up to 75%. Beneficiaries can avail this loan facility only after 3 years of taking the policy.
How does Varishtha Pension Bima Yojana work?
The policy holder can get the loan after 3 years of the policy.
If a policy holder dies, the purchase price is returned to his family.
To buy this scheme, it will be mandatory for the beneficiary to make a lump sum payment.
Under this scheme, the pension amount will be provided monthly, quarterly, half-yearly or annually to the pensioner.
The policy holder will also have to pay interest on the loan.
If the policy holder wants to exit from the policy, then he has to first pay the loan amount in full.
Benefits and features of Varishtha Pension Bima Yojana
To get the benefit of Varishtha Pension Bima Yojana, the beneficiary does not need to undergo any kind of medical checkup.
Under this scheme, the applicant will have to invest for 15 years.
If an applicant withdraws money before 15 years, then he will be given money at the rate of 98% of the purchase price.
Loan up to 75% can be obtained through this scheme.
A lock period of 15 days has been kept for this scheme.
If an applicant is not satisfied with this scheme, he can withdraw his money within 15 days.
Under this scheme, tax exemption will also be provided under section 80 CCC of the Income Tax Act.
If the policy holder dies due to any reason, then the amount of purchase price will be given to his nominee.
Some main facts of Varishtha Pension Bima Yojana
Purchase Price: The plan can be purchased by paying a lump sum purchase price. There are various types of purchase prices under this plan.
Age Limit: The minimum age limit is 60 years and there is no upper age limit.
Pension Payment: Pension under this scheme will be paid on the basis of the pension payment turn selected.
Surrender Value: After completion of 15 years, the applicant can withdraw from this policy. In this case, 100% of the purchase price will be returned to the beneficiary, but if an applicant wants to exit the policy before 15 years, 98% of the purchase price will be returned to him.
- Family Benefit: The benefit of the policy under this plan can be availed by the spouse of the policy holder or his/her family member.
- Loan: Maximum 75% of the purchase price loan can be availed after 3 policy years. The beneficiary will also have to pay interest on this loan.
In case of death: If the pensioner dies under this scheme, the purchase price paid by him will be returned.
Free Look Period: Under this scheme, if a citizen wants to opt out of the policy, he/she can opt out of the policy within 15 days. In such a situation, he will be given back the full amount of the purchase price after deducting the stamp duty. For this the applicant is given a free look period of 15 days.
Required Documents and Eligibility
Only permanent resident of India can apply under this scheme.
The age of the applicant applying for this scheme should be more than 60 years.
- Aadhar Card
- Ration card
- residence certificate
- age certificate
- passport size photograph
- mobile number
Process to apply under LIC Senior Pension Insurance Scheme
To apply for Varishtha Pension Bima Yojana, you have to go to your nearest LIC office.
After going to the LIC office, you will have to get the application form from there.
After this, the necessary information has to be entered carefully in the application form.
After this, all your important documents have to be attached with the application form.
After attaching the documents, the application form has to be submitted to the same LIC office.
You will also have to pay a premium amount along with the application form.
In this way you will be able to apply under LIC Senior Pension Insurance Scheme.
We have provided you all the information about LIC Senior Pension Insurance Scheme through this article, if even after this you are facing any problem, then you can solve your problem by contacting the contact number given below.
Contact Helpline Number – 022 6827 6827