https://www.taxtmi.com/news?id=18465 PMVVY creates a pension product for persons aged sixty and above offering an assured rate of return payable at purchaser chosen frequencies over a fixed ten year term, allows loans against the purchase price with recovery from pension instalments and claim proceeds, permits premature exit for critical or terminal illness with near full refund, provides death benefit payment of the purchase price to beneficiaries, and contemplates government reimbursement to the insurer for any shortfall between guaranteed and actual returns plus administrative expenses. en-us Sat, 22 Jul 2017 12:37:19 +0530 Sat, 22 Jul 2017 12:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18465 PMVVY creates a pension product for persons aged sixty and above offering an assured rate of return payable at purchaser chosen frequencies over a fixed ten year term, allows loans against the purchase price with recovery from pension instalments and claim proceeds, permits premature exit for critical or terminal illness with near full refund, provides death benefit payment of the purchase price to beneficiaries, and contemplates government reimbursement to the insurer for any shortfall between guaranteed and actual returns plus administrative expenses. News - Sat, 22 Jul 2017 12:37:19 +0530 https://www.taxtmi.com/news?id=18465