Knowledge Base

Varishtha Pension Bima Yojana

Pension = Investment × Rate / 12 (monthly payout)

Government-subsidized pension scheme for senior citizens (60+).

Guaranteed 7.40% p.a. return with monthly/quarterly/annual pension options.

Maximum investment: ₹15 Lakhs per senior citizen.

Lock-in period: 10 years. Premature exit with penalty after 3 years.

On death, full purchase price returned to nominee — no annuity loss.

Pro Tip

Check if current LIC scheme (like Jeevan Akshay/Saral Pension) offers better rates before committing.

Varishtha Pension Bima Yojana - Complete Guide

Everything you need to know about Varishtha Pension Bima Yojana and how to optimize your financial strategy.

Understanding the Formula

The core calculation is based on:

Pension = Investment × Rate / 12 (monthly payout)

Key Concepts & Rules

Government-subsidized pension scheme for senior citizens (60+).

Guaranteed 7.40% p.a. return with monthly/quarterly/annual pension options.

Maximum investment: ₹15 Lakhs per senior citizen.

Lock-in period: 10 years. Premature exit with penalty after 3 years.

On death, full purchase price returned to nominee — no annuity loss.

Expert Strategy

Check if current LIC scheme (like Jeevan Akshay/Saral Pension) offers better rates before committing.

How to use this Calculator?

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