TaxTMI 
TaxTMI 
Varishtha Pension Bima Yojana - 2017
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....arishtha Pension Bima Yojana - 2017 <br>News and Press Release<br>Dated:- 24-1-2017<br><BR>The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its post-facto approval for laun....
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....ching of Varishtha Pension Bima Yojana 2017 (VPBY 2017). It is a part of Government's commitment for financial inclusion and social security. The scheme will be implemented through Life Insurance Cor....
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....poration of India (LIC) during the current financial year to provide social security during old age and protect elderly persons aged 60 years and above against a future fall in their interest income d....
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....ue to uncertain market conditions. The scheme will provide an assured pension based on a guaranteed rate of return of 8% per annum for ten years, with an option to opt for pension on a monthly / quart....
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....erly / halfyearly and annual basis. The differential return, i.e., the difference between the return generated by LIC and the assured return of 8% per annum would be borne by Government of India as su....
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....bsidy on an annual basis. VPBY-2017 is proposed to be open for subscription for a period of one year from the date of launch.<BR> News - Press release - PIB....