https://www.taxtmi.com/news?id=16670 Ex-post facto approval was granted for VPBY 2003 and VPBY 2014 and for expenditure on subsidies paid to the implementing insurer, with authority to incur subsidy expenditure from the 2015-16 financial year. The Government pays the difference between actual yields earned on scheme funds and the assured guaranteed return. Both schemes provide an assured lifetime pension and pay back the subscription amount to the nominee on the subscriber's death. Schemes are closed to new subscriptions but existing policies continue to be serviced under the guaranteed return. en-us Wed, 28 Sep 2016 17:19:22 +0530 Wed, 28 Sep 2016 17:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16670 Ex-post facto approval was granted for VPBY 2003 and VPBY 2014 and for expenditure on subsidies paid to the implementing insurer, with authority to incur subsidy expenditure from the 2015-16 financial year. The Government pays the difference between actual yields earned on scheme funds and the assured guaranteed return. Both schemes provide an assured lifetime pension and pay back the subscription amount to the nominee on the subscriber's death. Schemes are closed to new subscriptions but existing policies continue to be serviced under the guaranteed return. News - Wed, 28 Sep 2016 17:19:22 +0530 https://www.taxtmi.com/news?id=16670