Pradhan Mantri Vaya Vandana Yojana

The minimum investment amount is Rs. 1,50,000 and the maximum is Rs. 7,50,000. The investment should be made as a lump sum. The pension amount you receive depends on the investment and frequency of pension payment chosen.

Yes, the pension amount is guaranteed for the lifetime of the policyholder. Even after 10 years of the policy period, if the policyholder is alive, they continue to receive monthly, quarterly, half-yearly, or annual pension as per their chosen mode.

After completion of 10 years, the principal investment amount is returned to the policyholder or their nominee along with the final pension payment. If the policyholder passes away before maturity, the full investment amount is paid to the nominee.

No, PMVVY is available only to Indian citizens who are resident in India. Non-resident Indians are not eligible for this scheme.

You can apply through authorized Life Insurance Corporation (LIC) branches or their authorized agents. You need to submit the completed application form along with required documents and investment amount to initiate the policy.