What is PM Vaya Vandana Yojana (PMVVY)?
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government-backed pension scheme exclusively for senior citizens aged 60 years and above, administered by LIC of India. PMVVY provides guaranteed pension income at 7.4% per annum for 10 years — payable monthly, quarterly, half-yearly, or annually — regardless of market conditions. Launched by PM Modi in 2017 and extended in subsequent phases, it allows investment of up to ₹15 lakh per senior citizen (₹30 lakh per couple), giving a maximum monthly pension of ₹9,250 per month. After 10 years, the full purchase price is returned to the investor or to their nominee on death. In case of critical illness, premature exit is permitted with 98% of purchase price returned.
PM Vaya Vandana Yojana (PMVVY) — Quick Overview
| Scheme Name | PM Vaya Vandana Yojana (PMVVY) 2026 — Guaranteed 7.4% Pension for Senior Citizens via LIC |
| Launched By | Government of India |
| Launch Year | 2017 |
| Benefit | Guaranteed 7.4% pension p.a. for 10 years | Max investment ₹15 lakh (₹30 lakh per couple) | Max monthly pension ₹9,250 | Full purchase price returned after 10 years |
| Category | Finance |
| Last Verified | 2 May 2026 |
| Official Portal | https://licindia.in |
PMVVY — LIC द्वारा 60+ senior citizens के लिए guaranteed 7.4% pension। Maximum ₹15 lakh invest — ₹9,250/month maximum pension। 10 साल guaranteed। बाद में full amount वापस। licindia.in पर apply।
7.4% guaranteed pension — 10 साल — max ₹15 lakh invest — max ₹9,250/month — 10 साल बाद full amount वापस — LIC administered
Benefits of PM Vaya Vandana Yojana (PMVVY)
Guaranteed 7.4% pension p.a. for 10 years | Max investment ₹15 lakh (₹30 lakh per couple) | Max monthly pension ₹9,250 | Full purchase price returned after 10 years
Who is Eligible for PM Vaya Vandana Yojana (PMVVY)?
- ✓Age 60 years or above (no upper age limit)
- ✓Indian citizen (NRI also eligible — subject to FEMA)
- ✓Minimum investment: ₹1,56,658 (for ₹1,000/month pension)
- ✓Maximum investment: ₹15,00,000 per senior citizen (₹30 lakh for couple)
- ✓Pension modes: monthly, quarterly, half-yearly, or annual
- ✓Note: Check current PMVVY phase availability with LIC — scheme reopens periodically
Documents Required for PM Vaya Vandana Yojana (PMVVY)
How to Apply for PM Vaya Vandana Yojana (PMVVY) Online?
- 1licindia.in → PMVVY scheme page पर जाएं या nearest LIC branch visit करें
- 2Investment amount decide करें (₹1.56 lakh to ₹15 lakh)
- 3Pension mode select करें — monthly (max ₹9,250) / quarterly / half-yearly / annual
- 4Aadhaar + age proof + PAN + bank passbook के साथ application submit करें
- 5Cheque / NEFT से purchase price pay करें
- 6LIC policy bond receive करें — pension agreed date से शुरू होगी
Official Government Portal
Applications go through licindia.in only. Applying is free of charge — no agent, middleman or "consultant" is ever required.
🔗Apply on licindia.in