The government is running Atal Pension Yojana in which any employee or worker associated with the unorganized sector can get pension. By investing Rs 210 in Atal Pension Yojana, you can get a pension of Rs 5,000 per month. That is, you can get a pension of Rs 60,000 annually for your entire life. Let us know the benefits of this government scheme.

You will get pension of Rs 60000 in just Rs 210

By depositing just Rs 210 every month, you can get a maximum pension of Rs 5,000 every month after retirement i.e. after 60 years. Guaranteed pension is available under the government run Atal Pension Yojana. According to the rules, if a maximum of Rs 5,000 is added for monthly pension at the age of 18 years, then you will have to pay Rs 210 every month. If you pay the same amount every three months, you will have to pay Rs 626 and if you pay every six months, you will have to pay Rs 1,239. To get a pension of Rs 1,000 per month, if you invest at the age of 18, you will have to pay Rs 42 monthly.

Also Read:- SBI, PNB, Axis Bank warned customers against banking fraud, gave these tips

Benefits of Atal Pension Yojana

The government brought the Atal Pension Scheme in the Budget 2015-16 keeping in mind the security of income in old age. The government encourages common people, especially those associated with the unorganized sector, to save as much as possible. People associated with the unorganized sector also have to be protected from the risk of not having income after retirement. The scheme is run by the Pension Fund Regulatory and Development Authority (PFRDA).

Will get pension of Rs 60,000 annually

Under Atal Pension Yojana, customers get pension ranging from Rs 1,000 to Rs 5,000 every month. The Government of India guarantees the minimum pension benefit. The central government contributes 50 percent of the subscriber’s contribution or Rs 1,000 annually, whichever is less. Government contributions are paid to people who are not covered under any statutory social security scheme and are not taxpayers. Under the scheme, pension of Rs 1,000, 2000, 3,000, 4,000 and 5,000 is available. Investment also depends on the amount of pension. You get more benefits if you join at a young age.

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As we all know that we have a certain age to work, we can reduce and remain fit only till that age, after that we will not be able to work, there will be a need of saving in old age so that during old age you will not be able to rely on someone. Today, we are going to give you complete information about how we can face old age comfortably without having to depend on it, through this article.

Life Insurance Corporation of India (LIC) has come up with a pension plan. In this pension plan, now the elderly will get a pension of ₹ 100,000 throughout their life, so now there is no need to worry about your old age. You can invest in this plan every month in old age. You can get a pension of ₹ 100000 because you must be aware of how inflation has increased today. In today’s inflation, you are not able to meet your daily expenses. If you learn from these examples then you can make better investments for yourself. Can do that will help you in old age.

LIC has recently launched a pension plan named Jeevan Utsav in which you get guaranteed returns. Here you have to pay the premium for an unlimited period, after which you also get 10% income benefit. You have to pay the premium for 5 to 16 years, and after paying the premium, you can get a guaranteed pension of Rs 1 lakh every month.

If you are 25 years old and want to get an insurance of Rs 10 lakh and want to pay the premium for 12 years, then you will have to pay the premium only from 25 to 36 years in which you will have to pay a premium of Rs 92535 in the first year. From the second year onwards, you will have to pay a premium of ₹ 90, 542 for 12 consecutive years. The minimum insurance amount in LIC Jeevan Utsav has been fixed at ₹ 500000. This premium depends on your age and your financial condition.

In this way, you can invest money in this scheme for your secure old age and you can get a pension of ₹ 100000 every month and spend your old age happily without any worries. You can invest in LIC Pension Plan. And can make your coming old age even better.

7th pay commission: Big news for central employees! You will get this big gift after the elections

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This makes it easier to live the Golden Age and not have to rely on children for one’s wishes. Different types of plans and schemes are available under which regular pension can be availed. One of these schemes is SBI Life’s Annuity Deposit Scheme .Under this scheme, the income i.e. pension amount depends on investment.

Under this, the investor gets income in the form of EMI every month in return for lump sum investment. Policyholders can invest as per their convenience. Later, both the principal and interest are returned in the form of monthly annuity. Through this, pension is available throughout life.

There are different types of annuity deposits. Under Periodic Annuity, investors get regulated income. You can opt for annual or monthly annuity payouts. Any person in India can avail the benefit of this scheme. Opening of joint account is also allowed. This can be invested for 3/5/7/10 years. Term deposit rate is also effective on this. There is no limit for maximum investment. Loan benefit is also available.

Term deposits of 5-10 years get the highest interest, general citizens get 6.25% and senior citizens get 7.25%. If a person starts investing at the age of 18 and deposits Rs 500 every month. So he gets 5.4% return on investment. On attaining the age of 60, one gets a pension of Rs 1,432 every month. The more you invest, the pension amount will increase.

(Disclaimer: The purpose of this article is to share general information only. Rightsofemployees.com does not recommend investing in any plan or scheme.)

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The Government of India is running many pension schemes. Insurance companies are also currently offering different types of pension plans. SBI Life’s Smart Annuity Plan is also included in this list.

About the plan

It is a non-participating annuity pension plan, offering the option of both deferred and immediate plans. Along with this, joint life option is also available. The minimum investment age for deferred annuity is 45 years and for immediate annuity is 30 years. In which premium is paid. After retirement, one gets the benefit of pension in the form of annuity payout.

Investors can opt for half yearly or annual or monthly pension. Many annuity options are provided under the plan. The annuity rate is greater than the amount of premium paid. Tax exemption is also available under Section 80C and Section 10 (10A) of Income Tax. A free look period of 15 days is also available in this. Besides, the facility of Accidental Death Benefit Rider would also be available. The pension amount depends on investment. You can also avail pension of Rs 1 lakh under the plan.

How much will have to be invested for one lakh rupees?

If you buy immediate annuity at the age of 60, you will have to invest Rs 1,55,92,516 for a monthly pension of Rs 1 lakh. To buy a life annuity with the return of purchase price, a 60-year-old person will have to invest Rs 1,88,32,392. On taking life annuity with return of balance purchase price, one will have to pay Rs 1,60,40,636.

By taking life annuity for 10 years, a 60 year old person will have to invest Rs 1,57,77,018. If you take life annuity for 20 years, you will have to deposit Rs 1,62,38,160. At 3% compounded growth annually, one will have to pay Rs 2,20,83,180 and at 5% compounded growth, one will have to pay Rs 2,90,27,676. Other annuity options are also available. Let us tell you that under the plan, you can avail the benefit of monthly pension of at least Rs 200.

(Disclaimer: The purpose of this article is to share general information only. Rightsofemployees.com does not recommend investing in any plan or scheme.)

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Today we are telling you about one such policy of LIC which has been specially designed to provide financial security to senior citizens after retirement. The name of this insurance policy is LIC New Jeevan Shanti Policy.

Know about LIC New Jeevan Shanti Policy?

LIC New Jeevan Shanti Policy is an annuity plan that can be purchased through a single premium. This is a non-linked, non-participating and single premium annuity plan. The biggest advantage of investing in this policy is that you can get a pension of up to Rs 1 lakh on an annual basis. This is a policy that provides pension for a fixed period. If you are also thinking of investing in this policy, then we are telling you about its details.

What is the investment limit?

The age for investing in this pension policy of LIC has been fixed between 30 years to 79 years. In this policy you do not get the benefit of any risk cover in the policy. You can invest in this policy in two ways. The first is Deferred Annuity for Single Life (Single Annuity Plan) and the second is Deferred Annuity for Joint Life (Joint Annuity Plan). In single plan only you will get the benefit of pension. At the same time, two people will get the option of investing in joint.

What is the calculation of pension?

In this pension scheme, you can get pension after 1 to 12 years by investing single premium. Whereas in the case of deferred annuity, you start getting pension benefits immediately after paying the premium. According to LIC calculator, if you invest Rs 10 in this policy at the age of 30 for a period of 5 years, then you will get a pension of Rs 86,784 after five years.

And in a period of 12 years, you will get Rs 1,32,920 as pension on annual basis. At the age of 45, on an investment of Rs 10 lakh, an annual pension of Rs 90,456 will be received after five years and Rs 1,42,508 after 12 years. If a policyholder dies, the entire amount will be given to the nominee.

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In old age, they have to depend on their husband or children for their small needs. But women can avail the benefit of monthly pension after the age of 60 years. The National Pension System of the Government of India will help you in this.

About the plan

NPS is considered a better option for safe investment and guaranteed returns. Through the scheme, the wife can live a self-reliant life even in the absence of her husband. It also gives good returns. Women can transfer their accounts from one city to another. Not only this, the maturity amount and returns are tax free. Women between 18 years to 60 years of age can avail its benefits.

This is the calculation

The pension amount depends on investment. Under the scheme, if women start investing at the age of 25 years. And deposits Rs 15,000 every month. So by the age of 60, a fund of about Rs 1.12 crore is created, which also includes 10% annual return. At the time of maturity, you will get a lump sum pension of Rs 45 lakh and a pension of up to Rs 45 thousand every month.

(Disclaimer: The purpose of this article is to share general information only. rightsofempoyees does not advise investing in any scheme.)

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This problem is more for the people working in the private sector because they do not get pension. This is the reason why most of the job professionals look for such investment options for themselves, in which once invested they can get money like regular income even after retirement. Here you are telling about such a simple pension scheme of LIC, how you can get regular income after retirement by investing money in it.

LIC’s Saral Pension Plan

In the simple pension scheme of Life Insurance Corporation of India (LIC), a pension of Rs 12000 is available every month. In LIC’s Saral Pension Yojana, you have to pay premium only once and after that after 60 years you will get Rs.12000 pension every month. You will get the benefit of this pension throughout your life. If you invest Rs 10 lakh in this at the age of 60, you will get Rs 58950 annually. This pension depends on the amount of your investment.

These are the rules of Saral Pension Yojana

Life Annuity with 100 percent return of purchase price Life Annuity with 100 percent return of purchase price This pension is a single payment policy. This policy will be linked to one person. As long as the investor i.e. the pensioner is alive, he will continue to get pension. After the death of the investor, the nominee will get the base premium.

From where can you take Saral Pension Yojana

These pension schemes can be taken both online and offline. A minimum of Rs 12000 per year will have to be invested in this scheme. There is no limit on the maximum investment in this. This scheme is for people from 40 to 80 years. In this plan, the policy holder will get the loan at any time after 6 months from the date of inception of the policy.

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Under this, it is proposed to determine the monthly pension on the basis of average pensionable salary received during the entire pensionable service. However, the final decision in this regard will be taken after the report of the ‘Actuary’ assessing the pension, the amount paid for it and the risk. A source related to the case gave this information.

EPFO Employees Pension Scheme

Currently, EPFO ​​uses the formula pensionable salary (average salary of last 60 months) times pensionable service / 70, for determination of monthly pension under Employees’ Pension Scheme (EPS-95). According to the source, “There is a proposal to change the formula for monthly pension under EPS (95). In this, there is a plan to include the average pensionable salary received during the pensionable service in place of the average pensionable salary of the last 60 months.

However , he clarified, “It is only at the stage of proposal and no final decision has been taken on it yet.” The final decision will be taken after the report of the ‘Actuary’.” It is noteworthy that if EPFO ​​changes the formula for pension, then it will definitely determine the monthly pension of all, including those who opt for higher pension, according to the existing formula. There will be less competition. It can be understood with an example.

Understand like this, let us assume that the average salary for the last 60 months of the person opting for higher pension is Rs 80,000 and his pensionable job is 32 years. In this case, under the existing formula (80,000 times 32/70), his pension will be Rs 36,571. On the other hand, when the average of salary is taken during the entire pensionable job, then the determination of monthly pension will be less because the salary (basic salary and dearness allowance) is less in the initial days of the job.

Option for higher pension

It is noteworthy that in November last year, the Supreme Court had asked the government to give four months time to the subscribers to opt for higher pension. EPFO has provided online facility for subscribers to fill joint option form with employers to opt for higher pension. The deadline for this was earlier May 3, 2023, which has been extended to June 26, 2023.

Contribution

At present, EPFO ​​subscribers contribute to the pension on the fixed limit of Rs 15,000 per month, while their actual salary is much more than this. With the option of higher pension, they will be able to get higher monthly pension. Employees contribute 12 percent to the social security scheme of EPFO. At the same time, out of 12 percent contribution of the employer, 8.33 percent goes to EPS. The remaining 3.67 percent goes to the Employees’ Provident Fund.

Subsidy

The government contributes 1.16 per cent as subsidy to the Employees’ Pension Scheme on a limit of Rs 15,000 basic salary. When asked about the need to change the formula, the source said, “It is actually believed that giving more pension for a long time will lead to financial burden.” That’s why a new formula is being considered.” Responding to a question regarding the Rs 6.89 lakh crore fund lying in the Pension Fund, the source said that this money does not belong only to the pensioners but to all the shareholders associated with the EPFO ​​and the employees. Nidhi Sangathan has to take care of all.

Pension Fund

It is noteworthy that according to the EPFO’s 2021-22 report, Rs 6,89,211 crore is deposited in the Pension Fund. EPFO received an interest of Rs 50,614 crore in 2021-22 on the EPS fund.

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Aviva India Life Insurance has launched one such new pension plan, which will give you the retirement solution of a guaranteed lumpsum along with a fixed income. Life Insurance Company has launched Aviva New Innings Pension Plan on March 16, 2023.

What is Aviva New Innings Pension Plan offering? (Aviva New Innings Pension Plan Details)

Aviva’s New Innings Pension Plan is a non-linked, non-participating individual pension plan. This plan is designed to accumulate wealth by paying a lump sum or by paying regular premiums, which can create a secure and stable source of income in the form of annuity after retirement.

Aviva New Innings Pension Plan will give the subscribers a corpus of up to 336 percent of the premium paid at maturity. Apart from this, it will also give better returns to policyholders of 51 years or more. The plan will enable customers to customize their retirement plan as per their needs and financial goals, while bringing flexibility in the age of entry and premium payment options.

Mr. Vineet Kapahi, Marketing Head, said, “At Aviva India, we understand the power of compounding and the importance of timely retirement planning for a financially sound future. Aviva New Innings Pension Plan aims to encourage early planning of pension wealth and help the subscribers to ensure financial security during their golden years. With multiple premium paying options and high return potential, our policyholders can be confident that their investments will help them meet their financial objectives for retirement.”

Aviva New Innings Pension Plan Features

• You can easily buy this pension plan without any medical checkup.
• On maturity, you get up to 336% of the premiums paid till then.
• There is an option to align the retirement corpus as per the different stages of your life.
• And you also get tax benefits according to the tax exemption available under the current Income Tax Act.

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If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

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If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

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If you are a senior citizen, then today we have brought such a government scheme for you, from which you will get a hefty pension immediately. In this your principal money remains safe and returns are also available at regular intervals.

The best part is that under this government scheme, both husband and wife together after the age of 60 can avail the guaranteed benefit of pension of Rs 18500 every month. Thek best part is that after 10 years your entire investment will also be returned. Only a few months are left for senior citizens to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY). SIC operates this scheme.

In the PMVVY scheme, the government provides a subsidized pension scheme for senior citizens aged 60 years and above. Under this scheme, immediate monthly, quarterly, half-yearly or annual pension facility is given to senior citizens. Investors have to pay a lump sum of Rs 15 lakh to take advantage of this scheme.

Deadline is March 31, 2023

Any person who has attained the age of 60 years can invest in this scheme till March 31, 2023. With only a few months left for the PMVVY sale to end, let’s take a look at how much benefits, eligibility and how much pension senior citizens can get by subscribing to this scheme.

Eligibility for PMVVY

According to the LIC website, senior citizens of India aged 60 years (completed) and above can invest in the PMVVY scheme. There is no upper age limit to buy this plan.

PMVVY Scheme Term and Pension Payment

The duration of this scheme for senior citizens is 10 years. Pension payment under PMVVY can be made on monthly, quarterly, half yearly or yearly basis depending upon the mode chosen by the buyer. The first installment of pension under PMVVY starts after 1 year, 6 months, 3 months or 1 month from the date of purchase of the scheme. For example, if you have opted for monthly mode of pension payment and if you buy the plan now then your pension will start after 1 month.

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

Interest Rate on PMVVY

“For Financial Year 2022-23, the Scheme shall provide an assured pension of 7.40% p.a. payable monthly. This assured rate of pension shall be payable for the full policy term of 10 years for all the policies purchased till 31st March, 2023.”

PMVVY Pension Purchase Price

The minimum pension allowed under investment in PMVVY is Rs 1000 per month while the maximum pension is Rs 9250 per month. The minimum purchase price available under the scheme is Rs 1,62,162 for monthly pension, Rs 1,61,074 for quarterly pension, Rs 1,59,574 for half yearly pension and Rs 1,56,658 for annual pension. The maximum purchase price available under the scheme is Rs 15 lakh for monthly pension, Rs 14,89,933 for quarterly pension, Rs 14,76,064 for half yearly pension and Rs 14,49,086 for annual pension.

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Life Insurance Corporation of India is trusted the most to insure people across the country. In today’s time people are investing heavily in life insurance policies. If you also want to make a secure investment, then LIC has come up with a great plan for you. On investing in this, the pension you will get for the first time, the same pension will continue to be available for the whole life.

LIC Saral Pension Yojana-

In this news, we are going to tell you about LIC’s Saral Pension Yojana. This is an Immediate Annuity plan. You start getting pension as soon as you take the policy in it, it is a single premium pension plan.

Don’t wait for the age of 60

The best thing in this is that after taking this policy, you will get the same pension as the first time. You will continue to get the same pension for the rest of your life. After investing in this, you do not need to wait for more than 60 years of age for pension. In this scheme, you start getting pension even at the age of 40.

Take advantage of the scheme like this-

Let us tell you that you can take advantage of Saral Pension Yojana in two ways. The first in this is single life, in which the policy will be in the name of any one. On his death the amount of base premium is received by the nominee. Also the second option is joint life. In this both husband and wife are covered. First the primary pensioner gets pension and after his death pension will be given to his spouse. If both of them die then after their death the amount of base premium will be given to the nominee in their next of kin.

These people can take the plan-

People of minimum 40 years and maximum 80 years can take advantage of this plan. In this, the pension continues to be received as long as the pensioner is alive. Also, the policy can be closed anytime after 6 months of inception. In this, you can take pension every month, every 3 months, every 6 months or once in 12 months.

What is the condition

In this plan, you will start getting loan after the first 6 months. You can exit the scheme after 6 months. In this, a fixed interest of 5 percent is available every year. You will get pension as long as you are alive.

You will get a pension of Rs 1 lakh like this-

In this scheme, you will have to take a minimum annual pension of Rs 1,000 per month or Rs 12,000. You will have to invest 2.5 lakhs for this. There is no limit to take most of the pensions in this. You can get a pension of Rs 50250 every year by paying a single premium of Rs 10 lakh. Here you should be 40 years old. Similarly, for an annual pension of Rs 1 lakh, you will have to invest a lump sum of Rs 20 lakh.

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Facility of how much rupees is available, the facility of pension scheme for the elderly is given by the Delhi government. Under the Delhi Old Age Pension Scheme, the Arvind Kejriwal government gives 2000 rupees every month to the old people between 60 years and 69 years. Apart from this, Rs 2500 per month is given as pension to the old people above 70 years of age.

Money comes in the account every 3 months, under this facility of the state government, financial assistance is given to the people on a large scale. This amount is directly transferred to the account of the beneficiaries. Let us tell you that the money in your account is transferred every 3 months. For example, the pension amount for April, May and June is sent to your account in the month of July.

Who can apply?

The benefit of this scheme of the state government is given to senior citizens above 60 years of age. Apart from this, only those people whose family income is up to Rs 50,000 per annum can apply for this scheme.

What documents will be needed for Delhi Old Age Pension Scheme- Ration card of the applicant, Age proof of the applicant, Identity card of the applicant, Aadhar card or Voter card of the applicant, Residence certificate of the applicant, Copy of the applicant’s bank account Passbook Two passport size of the applicant photo applicant mobile number

Let us tell you how to apply , you can visit the
official link https://edistrict.delhigovt.nic.in/in/en/Public/Downloads.html to apply for this pension scheme. Here you will see the download option in the top side. From there you can download the form. Now you have to fill all the necessary information in the form and also enter your mobile number.

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What is Vaya Vandana Yojana?

Pradhan Mantri Vaya Vandana Yojana is a social security scheme. Under which the beneficiary will get monthly pension. It has been brought by the Government of India, while this scheme is being operated by Life Insurance Corporation of India (LIC).

If both husband and wife have crossed the age of 60 years, then they can invest a maximum of Rs 15 lakh. Earlier the investment limit was Rs 7.5 lakh, which was doubled later. Compared to other schemes, senior citizens get more interest in this scheme. People of 60 years or above can choose this pension plan.

This is how you will get monthly pension of Rs 18500

If both husband and wife want to take advantage of this scheme, then both will have to invest an amount of 15 lakh rupees in the Pradhan Mantri Vaya Vandana Yojana, that is, a total of 30 lakh rupees. 7.40 percent annual interest will also be available on this scheme.

Accordingly, the annual interest on the investment will be Rs 222000. If it is divided in 12 months, then an amount of Rs 18500 is formed, which you will get as monthly pension. There is also a plan in this scheme that only one person can invest in this scheme. If you invest Rs 15 lakh, then the annual interest will be Rs 111000 and his monthly pension will be Rs 9250.

Full amount back in 10 years

This plan is for 10 years. Monthly pension will continue to be received on your deposited money. If you remain in the scheme for 10 years then after 10 years your invested money will be returned to you. You can surrender this scheme at any time.

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They do not have regular income, which can meet their daily expenses like salary. LIC Jeevan Saral is one such plan. In this, the investor has the option to choose the amount from premium payment. In this, investors can invest from 40 years to 80 years of age.

LIC Saral Jeevan Plan

Most of the employed people look for such investment options for themselves, by investing in which they can get money like regular income even after retirement. Here we are telling you about such a simple pension scheme of LIC. According to the LIC website, LIC Jeevan Saral plan is an annual plan based on the norms set as per the guidelines of the Insurance Regulatory and Development Authority of India (IRDA). In this, the investor has to deposit money in one go.

You can buy the policy from here

LIC has said that this plan can be purchased offline as well as online through LIC’s website www.licindia.in. Life Annuity with 100% Return of Purchase Price This pension is for single life, i.e. this pension scheme will be linked to a single person.

so much pension

In LIC Saral Jeevan plan, the investor gets a monthly pension of Rs 12,000 and has to pay a one-time premium. The policyholder can opt for Monthly, Half Yearly, Quarterly and Yearly. In this policy, the pension starts after the policy is purchased. If a person invests Rs 10 lakh, he will get a pension of Rs 52,500 per year.

Must have these documents

The policy buyer will have to provide address proof and KYC documents along with medical details. Medical tests will also be done.

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To implement the old pension scheme, the state government has already approved the Standard Operating Procedure. Let us inform that in the year 2004, after the closure of the old pension scheme, the New Pension Scheme was implemented.

Decision taken in the meeting held on 15th July

Vandana Dadel, Principal Secretary in the Cabinet Secretariat Department, said that in the cabinet meeting held on July 15, it was decided to implement the old pension scheme and discontinue the new pension scheme.

He further said that it was decided in this regard that an SOP would be made to complete the scheme. This SOP has been approved by the cabinet. The scheme will be considered effective from September 1.

The old pension scheme was discontinued in 2004 Let us inform that the old pension scheme was discontinued on 1 April 2004 and it was replaced by the National Pension Scheme. In the old pension scheme, the entire pension was issued by the government, but in the National Pension Scheme, employees contribute 10 percent of their salary, while the state government contributes 14 percent.

These proposals also got approval With the implementation of old pension, about one and a half lakh employees of Jharkhand government will get benefit. Apart from the old pension scheme, the Jharkhand state government has approved 25 more proposals. An important decision in this is that the government will hire chartered aircraft for one month for VVIP and VIP movement in other states outside the border of Jharkhand. Two crore 6 lakh fifty rupees will be spent on this.

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Employees’ Provident Fund Organization (EPFO) in its meeting to be held on July 29 and 30 will approve it after considering the proposal for setting up of Central Pension Distribution System (EPFO Pension Plan). With the establishment of this system, pension will be transferred in one go to the accounts of 73 pensioners across the country. At present, 138 regional offices of EPFO ​​transfer pension to the accounts of the beneficiaries of their area. In such a situation, pensioners get pension on different days and times.

A proposal to set up a central pension distribution system would be taken up in the meeting of the Central Board of Trustees (CBT), the apex decision-making body of the EPFO, to be held on July 29 and 30, a source said. The source said that after the installation of this system, the distribution of pension will be done on the basis of the database of 138 regional offices. With this, 73 lakh pensioners will be given pension simultaneously.

The source said that all the regional offices deal with the needs of the pensioners of their area differently. This allows pensioners to be paid pension on different days. In the 229th meeting of the CBT held on November 20, 2021, the Trustees had approved the proposal for development of a centralized IT based system by C-DAC.

The Labor Ministry said in a statement after the meeting that thereafter the details of regional offices would be transferred to the central database in a phased manner. This will facilitate the operation and delivery of services.

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