https://www.taxtmi.com/news?id=18443 Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government announced pension product for senior citizens aged sixty years and above, available through LIC during the specified subscription window. It guarantees an assured effective return with pensions payable at the chosen periodicity over a ten year term, returns the purchase price on survival, and pays purchase price to beneficiaries on death. The Scheme is exempt from service tax/GST, allows loans against purchase price after three years, permits premature exit for critical/terminal illness with a near full refund, and provides for government reimbursement of shortfalls between guaranteed and actual interest and administration costs. en-us Thu, 20 Jul 2017 16:40:17 +0530 Thu, 20 Jul 2017 16:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18443 Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a government announced pension product for senior citizens aged sixty years and above, available through LIC during the specified subscription window. It guarantees an assured effective return with pensions payable at the chosen periodicity over a ten year term, returns the purchase price on survival, and pays purchase price to beneficiaries on death. The Scheme is exempt from service tax/GST, allows loans against purchase price after three years, permits premature exit for critical/terminal illness with a near full refund, and provides for government reimbursement of shortfalls between guaranteed and actual interest and administration costs. News - Thu, 20 Jul 2017 16:40:17 +0530 https://www.taxtmi.com/news?id=18443