New Delhi: Everyone has retirement plans. It is necessary to start saving from now. After retirement, most people are worried about regular income, so they want to invest money in such a place from where they are getting a better pension in old age. Keeping this need in mind, senior citizens can invest in Pradhan Mantri Vaya Vandana Yojana. Regular income is also being given in this government scheme. The last date to invest in the scheme is 31 March 2023. The Modi government introduced this scheme in 2017 keeping in mind the needs of senior citizens. Life Insurance Corporation of India is running this scheme for the government. Senior citizens will also be able to invest up to Rs 15 lakh in the scheme. 

Under LIC's Vaya Vandana Yojana, the minimum entry age of the applicant is 60 years and the policy term is 10 years. In which the minimum pension is 1 thousand rupees every month, 3 thousand rupees quarterly, 6 thousand rupees for six months, and 12 thousand rupees every year. While the maximum monthly pension is Rs 9,250 and the annual pension is Rs 1 lakh 11 thousand.

Investment in this scheme has to be made in a lump sum and 7.4 percent interest is also being given on it. The special thing is that both husband and wife can invest Rs 15 lakh each in this scheme at the age of 60 years. Another specialty of PM Vaya Vandana Yojana is that it does not require medical tests and policyholders can withdraw money at the time of serious illness. In such circumstances, 98 percent of the amount can also be returned. At the same time, after the completion of 3 years of the policy, a loan can be taken on it.

If you invest a minimum of Rs 1.5 lakh in this scheme, then every month you are going to get a pension of Rs 1,000 and if you invest a maximum of Rs 15 lakh, then a monthly pension of Rs 9,250 will be given to you. You can also take this pension on a quarterly, half-yearly, and yearly basis.

Vulgarity in serials, Porn films affecting Youth: Baba Ramdev's big statement

Bow-Arrow snatched from Uddhav, Raj Thackeray said- 'Money comes but name...'

Soon the heat will wreak havoc, temp will increase rapidly in these states