It is well known that pension is great support for old age. In view of this, Prime Minister Narendra Modi launched Prime Minister Vay Vandana Yojana. Guaranteed pension is given under this scheme as per the fixed rate. Its customers can get a fixed amount as pension every month by paying a lump sum to Life Insurance Corporation of India, ie LIC. In a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday, it was decided that its duration should be extended from 31 March 2020 to 31 March 2023.
Only senior citizens of minimum 60 years can invest in PMVVY scheme i.e. PMVVY. Let me tell you that there is no maximum age limit for investing in this pension scheme. Customers can invest up to a maximum of Rs 15 lakh in this scheme.
Apart from this, you have to contact the office of LIC (Life Insurance Corporation of India) to apply for Pradhan Mantri Vay Vandana Yojana. It is expected that you will be able to take advantage of this scheme online in a few days as before. Due to the last date of 31 March 2020, you cannot apply for it online at the moment. You take the plan form from LIC office. By putting your necessary documents with him, you can go to any office and submit it.