LIC 842 Plan – PMVVY Pension Application Form PDF Download

प्रधानमंत्री वाया वंदना योजना आवेदन पत्र PDF डाउनलोड अब licindia.in पर

Pradhan Mantri Vaya Vandana Yojana pension plan application form PDF download available at licindia.in, buy LIC Plan No. 842 (PMVVY) online

Dated: May 6, 2019 | Updated On: May 6, 2019 | By: Karan Chhabra | | By | Beneficiaries: |
प्रधान मंत्री वाया वंदना योजना आवेदन पत्र पीडीऍफ़ डाउनलोड अब licindia.in पर, ख़रीदे LIC प्लान नंबर 842 ऑनलाइन, 60 साल की उम्र के पश्चात सभी बुजुर्गो को मिलेगी फिक्स्ड पेंशन
LIC PMVVY Application Form PDF Download

Pradhan Mantri Vaya Vandana Yojana (PMVVY) Pension plan provides immediate pension for senior citizens of 60 years and above. LIC Plan 842 can be purchased by paying a lumpsum amount. People can now buy LIC PM Vaya Vandana Yojana plan online at licindia.in. LIC Plan 842 (PMVVY) application form PDF download available at the official website.

PM Vaya Vandana Yojana plan provides for pension payments of stated amount for the policy term of 10 years. In this LIC Pension Plan 842, there is a return of purchase price at the end of 10 years. Pension payment modes available for PMVVY scheme are monthly, quarterly, half-yearly and yearly.

PMVVY Pension would be paid at the end of each period as per payment mode chosen starts as early as next month if monthly mode is chosen. On the death of the pensioner at any time during the term of 10 years, the purchase price will be refunded to the legal heirs/nominees.

LIC PMVVY Pension Plan Application Form PDF Download

Below is the complete procedure to buy LIC Pension Plan No. 842 named PM Vaya Vandana Yojana:-

  • Firstly visit the official Life Insurance Corporation (LIC) website at licindia.in
  • At the homepage, click at the “Pradhan Mantri Vaya Vandana Yojana” under ‘Buy Policies Online’ section.
  • Direct Linkhttps://eterm.licindia.in/onlinePlansIndex/login.do
  • The LIC Pension Plan No. 842 page for PMVVY application form pdf download will appear as shown below:-
  • LIC Plan 842 Form Download PDF

    LIC Plan 842 Form Download PDF

  • Here select the “Pradhan Mantri Vaya Vandana Yojana” tab or directly click this link. In the new page, click at the “Buy Online” option to open the application form for PMVVY scheme as shown below:-
  • PMVVY LIC Pension Scheme Form

    PMVVY LIC Pension Scheme Form

Here candidates can enter their personal details, e-mail, mobile phone number, date of birth, address, pin code and click at the “Get Access ID” button to get access identity.

LIC Plan 842 (PMVVY) Features

The important features and highlights of LIC Plan Number 842 are as follows:-

MedicalNo medical examination is required.
Surrender ValuePremature exit is allowed during policy term under exceptional circumstances like Critical/Terminal illness of self or spouse. Surrender Value payable in such cases is 98% of the Purchase Price.
LoanLoan is available under the policy after completion of 3 policy years. Maximum loan granted will be 75% of the purchase price.

Pradhan Mantri Vaya Vandana Yojana Pension Options

Here are the minimum and maximum purchase price under different modes of pension:-
PM Vaya Vandana Yojana Minimum Purchase Price

Mode of PensionMinimum Purchase PriceCorresponding Pension Amount
Yearly1,44,57812,000 per annum
Half-Yearly1,47,6016,000 half year
Quarterly1,49,0683,000 per qtr
Monthly1,50,0001,000 per month

PM Vaya Vandana Yojana Maximum Purchase Price

Mode of PensionMaximum Purchase PriceCorresponding Pension Amount
Yearly14,45,7831,20,000 per annum
Half-Yearly14,76,01560,000 half year
Quarterly14,90,68330,000 per qtr
Monthly15,00,00010,000 per month

LIC Plan 842 (PMVVY) Pension Rate

The various modes of pension effective pension rate per annum for Rs. 1000 purchase price are as follows:-

Yearly83.00 p.a
Half-Yearly81.30 p.a
Quarterly80.50 p.a
Monthly80.00 p.a

The PMVVY pension rates payable under different modes of payment are yearly, half yearly, quarterly and monthly.

Source / Reference Link: licindia.in
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