Varishtha Pension Bima Yojana (2003)

VPBY (Varishtha Pension Bima Yojana) meant for senior citizens aged 55 years and above was launched on 14.7.2003. Under the scheme the pensioner gets an effective yield of 9% per annum on the investment. The difference between the effective yield of 9% paid to the pensioner and that earned by LIC is compensated as subsidy to LIC by the Government of India.

1 comment for “Varishtha Pension Bima Yojana (2003)

  1. Smt. Kala Verma
    November 5, 2014 at 5:40 am

    I had deposited Rs. 2,55,845/- on 25-09-2004 against Varishtha Pension Bima Yojna launched by LIC on 14-7-2003 and I am getting Rs. 24,000/- per year as interest.

    I want to know whether I can continue with htis plan or have to redeem my proceeds after certain number of years.

    Kala Verma; Mob. 09871145450

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