Varishtha Pension Bima Yojana

The minimum age requirement is 60 years. Senior citizens aged 60 and above are eligible to apply for this scheme. There is no upper age limit, so even citizens above 70 or 80 years can purchase the annuity plan.

The monthly pension depends on the amount of money you invest to purchase the annuity. Typically, the scheme provides approximately Rs. 9 per day per Rs. 1,000 invested, or Rs. 270 per month per Rs. 1,000 invested. You can calculate your expected pension based on your investment amount.

Yes, the pension is guaranteed for the entire lifetime of the beneficiary. Once you purchase the annuity, you will receive regular pension payments throughout your life without any break or reduction, providing complete financial security in old age.

You will need Aadhaar Card, proof of age (Birth Certificate/Passport), proof of address, active bank account details, income certificate, and a valid identity proof. Medical certificate may be required in certain cases as determined by the insurance provider.

Yes, both men and women aged 60 years and above are eligible to apply for Varishtha Pension Bima Yojana. There is no gender-based restriction in this scheme, and women senior citizens have equal rights to purchase the annuity and receive guaranteed pension.