Explore the complete details of Pradhan Mantri Vaya Vandana Yojana (PMVVY) in English. Know the 2025 interest rate, LIC benefits, eligibility, status check, calculator & more.
Also Read : PM Vishwakarma Yojana 2025 : yojanahelpdesk.com
What is Pradhan Mantri Vaya Vandana Yojana?
The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a special pension scheme designed by the Government of India for senior citizens. It helps provide regular income after retirement with guaranteed returns for 10 years. Managed by the Life Insurance Corporation (LIC), this scheme is an ideal choice for citizens aged 60 years and above who are looking for steady monthly or yearly income without any market risks.
Whether you’re searching for:
- Pradhan Mantri Vaya Vandana Yojana in English
- Vaya Vandana Yojana in Hindi
- or even PM Vaya Vandana Yojana LIC interest rate,
this article has everything you need to know—simple, clear, and updated for 2025.
Key Features of LIC Pradhan Mantri Vaya Vandana Yojana
| Feature | Description |
| Scheme Name | PMVVY |
| Provider | LIC (Life Insurance Corporation of India) |
| Launched | 4 May 2017 |
| Policy Term | 10 Years |
| Minimum Age | 60 years |
| Maximum Age | No upper limit |
| Maximum Investment | ₹15,00,000 |
| Guaranteed Return | 7.40% p.a. (2023-24) |
| Pension Frequency | Monthly, Quarterly, Half-Yearly, Yearly |
Eligibility Criteria
To apply for PM Vaya Vandana Yojana, the applicant must:
- Be 60 years or older at the time of purchase.
- Be an Indian citizen.
- Invest a minimum amount depending on the chosen pension mode.
- Accept a policy period of 10 years.
There is no maximum age limit, making it open for all senior citizens above 60.
PM Vaya Vandana Yojana Interest Rate (2025)
As per the latest updates, the scheme offers a fixed interest rate of 7.40% per annum. This interest is paid regularly based on the chosen frequency.
| Payment Mode | Return Amount |
| Monthly | ₹9,250 max |
| Quarterly | ₹27,750 max |
| Half-Yearly | ₹55,500 max |
| Yearly | ₹1,11,000 max |
Note: This rate is reviewed annually and may vary slightly depending on government guidelines.
Benefits of Pradhan Mantri Vaya Vandana Yojana
1. Assured Pension Income : The scheme provides a steady income for 10 years, which helps retirees manage their daily expenses without stress.
2. Refund of Investment : At the end of 10 years, the full amount you invested (called the purchase price) is returned along with your final pension.
3. Death Benefit : If the pensioner passes away during the policy term, the nominee receives the full purchase price.
4. Loan Option : After 3 years of policy, one can apply for a loan up to 75% of the invested amount.
5. Early Exit Option : In case of critical illness (self or spouse), the policyholder can exit early and receive 98% of the purchase amount.
6. No GST : The scheme is exempt from Goods & Services Tax (GST), increasing overall benefits.
How to Apply for PMVVY? (Online & Offline Process)
Offline Method
- Visit the nearest LIC branch.
- Fill the application form and provide required documents.
- Pay the investment amount via cheque or direct transfer.
Online Application
- Visit: https://licindia.in
- Go to “Buy Policy Online” → Choose PMVVY.
- Fill in your details and generate Access ID.
- Upload documents and complete payment.
- Receive acknowledgement and policy details by email/SMS.
Documents Required
| Document | Purpose |
| Aadhaar Card | Identity & Address Verification |
| PAN Card | For tax-related purposes |
| Bank Details | For pension credit |
| Passport-sized Photo | Required with form submission |
PM Vaya Vandana Yojana Calculator
To estimate your returns under the scheme, you can use the Pradhan Mantri Vaya Vandana Yojana Calculator available on LIC’s official website.
Input:
- Purchase price
- Pension mode (Monthly, Yearly, etc.)
It will show you the exact pension you’ll receive during the 10-year term.
Real-Life Example
Let’s say Mr. Sharma, aged 65, invests ₹10,00,000 in PMVVY and opts for a monthly pension.
- Interest rate = 7.4% annually
- Monthly Pension = (₹10,00,000 x 7.4%) ÷ 12 = ₹6,167 approx.
He receives this amount every month for 10 years. At the end of the term, he will get ₹10 lakh (the purchase price) back.
Pradhan Mantri Vaya Vandana Yojana Status Check
After purchasing the plan, you can check the PM Vaya Vandana Yojana status by:
- Logging into the LIC portal using your credentials.
- Visiting the “Policy Status” section.
- Entering your policy number for details.
You can also contact LIC’s helpline for assistance.
Vaya Vandana Yojana in Hindi (वय वंदना योजना हिंदी में)
वय वंदना योजना एक पेंशन योजना है जिसे सरकार ने 60 साल या उससे अधिक उम्र के लोगों के लिए शुरू किया है। यह योजना भारतीय जीवन बीमा निगम (LIC) द्वारा चलाई जाती है और 10 साल तक नियमित पेंशन देने की सुविधा देती है।
Is PM Vaya Vandana Yojana Still Available in 2025?
As per LIC’s latest update, the scheme was extended till 31st March 2023. While the government hasn’t announced a further extension yet, it is expected that a similar scheme may be launched again. For updates, keep checking the official LIC website or news portals.
PM Vaya Vandana Yojana – Useful for UPSC Aspirants
If you’re preparing for UPSC or State PCS exams, this scheme is important for topics like:
- Government Welfare Schemes
- Financial Inclusion
- Senior Citizen Support Programs
It may appear in both Prelims (Facts) and Mains (Policy Analysis).
What is the LIC Vaya Vandana scheme?
It is a pension plan for senior citizens launched by the Government of India, managed by LIC. It offers a guaranteed monthly or yearly pension for 10 years with fixed returns.
Who is eligible for the PMVVY scheme?
Any Indian citizen aged 60 years or above can apply. There is no upper age limit and the scheme is open to all senior residents.
What are the benefits of Vaya Vandana Yojana?
It provides guaranteed pension for 10 years, return of investment after maturity, death benefit to nominee, and loan or premature withdrawal in emergencies.
पीएमवीवीवाई योजना के लिए कौन पात्र है?
60 वर्ष या उससे अधिक आयु के सभी भारतीय नागरिक इस योजना के पात्र हैं। इसमें अधिकतम उम्र की कोई सीमा नहीं है।
वय वंदना योजना के क्या फायदे हैं?
इस योजना में नियमित पेंशन, निवेश राशि की वापसी, मृत्यु लाभ, लोन सुविधा और आकस्मिक निकासी जैसे कई फायदे मिलते हैं।
Pradhanmantri Vaya Vandana Yojana Kya Hai?
यह भारत सरकार द्वारा चलाई गई एक पेंशन योजना है, जो वरिष्ठ नागरिकों को 10 वर्षों तक निश्चित पेंशन प्रदान करती है और इसे LIC संचालित करता है।
Pradhan Mantri vaya vandana yojana started in which state?
This scheme was launched nationwide and is not limited to any single state. It is available across India through LIC.
What is the minimum age under Pradhan Mantri Vaya Vandana Yojana?
The minimum entry age is 60 years (completed age). No upper limit is defined.
How to apply for Pradhan Mantri Vaya Vandana Yojana?
You can apply both offline (at any LIC branch) or online through LIC’s official website by filling the form and uploading documents.
What is PM Vaya Vandana Yojana?
It is a government-backed pension scheme launched for Indian senior citizens that provides fixed interest income for 10 years through LIC
PM Vaya Vandana Yojana started in which state?
The scheme was launched across India on 4th May 2017 and is available in all states and UTs.
What is Vaya Vandana Yojana?
It’s another name for Pradhan Mantri Vaya Vandana Yojana (PMVVY), offering pension benefits to citizens aged 60 and above.
Pradhan Mantri Vaya Vandana Yojana under which ministry?
PMVVY is implemented by LIC under the supervision of the Ministry of Finance, Government of India.
What is Pradhan Mantri Vaya Vandana Yojana?
It is a fixed-return pension scheme for senior citizens, giving monthly/quarterly/annual pension for 10 years and return of the purchase amount after maturity.
Who are the beneficiaries of Pradhan Mantri Vaya Vandana Yojana?
Senior citizens aged 60+ years are the direct beneficiaries. Their spouses or legal nominees get the death benefit.
What is the minimum age for joining the Pradhan Mantri Vaya Vandana Yojana?
The minimum eligible age is 60 years. Anyone who has completed 60 years can join.
Pradhan Mantri Vaya Vandana Yojana how to apply?
You can apply by visiting the nearest LIC branch or by going to the official LIC website and selecting the PMVVY policy under “Buy Policy Online”.
PM Vaya Vandana Yojana under which ministry?
This pension scheme falls under the Ministry of Finance, with LIC acting as the implementing agency.
What is Pradhan Mantri Vaya Vandana Yojana in English?
It is a pension scheme for senior citizens aged 60 and above, offering fixed annual returns and a 10-year secure income plan.
How to apply for PM Vaya Vandana Yojana?
Visit https://licindia.in, choose “PMVVY” under “Buy Policy Online,” register with your details, upload documents, and make payment.
How to invest in Pradhan Mantri Vaya Vandana Yojana?
You can invest by choosing your preferred pension mode (monthly/yearly), selecting the investment amount, and applying online or offline via LIC.
How to apply Pradhan Mantri Vaya Vandana Yojana?
Apply online at LIC’s official site or visit the nearest LIC office with your Aadhaar, PAN, and bank details.
How to buy PM Vaya Vandana Yojana online?
Go to https://licindia.in, click on PMVVY under “Buy Policy Online,” create an Access ID, complete the application, and pay online securely.
Conclusion
The Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a trustworthy and government-backed pension scheme that ensures financial stability for senior citizens. With a guaranteed return of 7.40%, flexible payout options, and additional benefits like loan and early exit in emergencies, it offers peace of mind to retirees. Operated by LIC of India, this scheme is easy to apply both online and offline. If you’re planning for a secure retirement, PMVVY is a great low-risk option backed by the Government of India.
Disclaimer
The information provided in this article is for educational and informational purposes only. While we strive to provide accurate and up-to-date content, readers are advised to visit the official LIC website or consult with a certified LIC advisor before making any financial decisions related to Pradhan Mantri Vaya Vandana Yojana.
We do not provide financial or investment advice. Terms, interest rates, and policy rules may change from time to time as per government or LIC guidelines.
Sources & References : Official LIC of India Website – https://licindia.in