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LIC Plan no 842 – LIC Pradhan Mantri Vaya Vandana Yojana Form, Details

LIC Plan no 842 – LIC Pradhan Mantri Vaya Vandana Yojana Form Download, Details :-  ( PMVVY ) Pradhan Mantri Vaya Vandana Yojana is Pension plan for Senior citizen announced by Government of India This plan is government subsidized pension scheme. Under this plan, You will be get avail guaranteed 8% return in monthly mode and 8.3% return in yearly mode. This plan is available for sale from 4-5-2017 through LIC of India. This plan will be available for sale up to 03/05/2018 (one year). In This post, i am going to tell you, How to purchases this LIC New plan and how to Download LIC Plan no 842 form on your android mobile phone or pc, laptop, Just Follow this easy steps.

LIC Plan no 842 Form Download –

If you want to take the plan, you will have to fill in a form for this and after filling the form, you can submit this form to the nearest lease office. So, to download the form, Here’s a link through which you can download the form. Click Here For Download LIC Pradhan Mantri Vaya Vandana Yojana Form. 

LIC Plan no 842

LIC Plan no 842

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How to Download LIC Plan no 842 Form ?

  • First of all, visit on http://www.licindia.in.
  • Now select download form option.
  • Select form no 842 and click it.
  • After click, Now downloading start.
  • After download yow will be get form no 842.

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Eligibility Conditions and Restrictions of LIC Plan no 842 :-

  1. Minimum Entry  Age        –      60 Years (Completed)
  2. Maximum Entry Age         –      No Limit
  3. Policy Term                         –      10 years

Minimum Pension –

  • Rs. 1000 per month
  • Rs. 3000 per Quarter
  • Rs. 6000 per half year
  • Rs. 12000 per year

Maximum Pension –

  • Rs. 5000 per month
  • Rs. 15000 per Quarter
  • Rs. 30000 per half year
  • Rs. 60000 per year
LIC Plan no 842

LIC Plan no 842

Mode       Pension Minimum Purchase Price       Maximum Purchase Price

  1. Yearly                   Rs. 1,44,578                               Rs. 7,22,892.
  2. Half Yearly          Rs. 1,47,601                               Rs. 7,38,007.
  3. Quarterly             Rs. 1,49,068                              Rs. 7,45,342.
  4. Monthly               Rs. 1,50,000                              Rs. 7,50,000.

Benefits of Pradhan Mantri Vaya Vandana Yojana (PMVVY) :-

  • Death benefit          :-   Deposited amount will be returned to nominee or legal heirs.
  • Maturity Benefit     :-   On compltion of 10 years, the deposited amount along with last due pension will be returned to policy holder
  • Policy Surrender     :-   In extra-ordinary cases like critical medical emergency of policy holder or spouse, the policy can be surrendered before completion of 10 year term. The surrender value will be 98% of purchase price.
  • Pension Payment    :-   Pensioner will get the pension during the policy term, pension in arrears (at the end of each period as per mode is chosen by the pensioner) will be payable.

Mode of pension payments and Pension rates in PMVVY :-

Pension rates for different modes of pension payments for Rs. 1000/- Purchase price are

  1. Yearly                  –      Rs. 83.00 p.a.
  2. Half Yearly         –      Rs. 81.30 p.a.
  3. Quarterly            –      Rs. 80.50 p.a.
  4. Monthly              –      Rs. 80.00 p.a.

Purchase Price in Pradhan Mantri Vaya Vandana Yojana (PMVVY) :-

This plan can be purchased by payment of a lump sum Purchase Price.

LIC Plan no 842 form

LIC Plan no 842 form

The LIC Plan no 842 Available in :-

LIC new plan available in Mumbai, Andhra Pradesh (AP), Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, mumbai, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha (Orissa), Punjab, Rajasthan, Sikkim, Tamil Nadu (TN), Telangana, Tripura, Uttar Pradesh (UP East & UP West), Uttarakhand, West Bengal(WB), mumbai.

 

About the author

Rajendra

1 Comment

  • NEED NOT THE CONDITION OF AGE. THOSE WHO ARE INTERESTED THEY SHOULD AVAIL THE SAID POLICY FACILITY

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