A news of interest to our Community.
The Varishta Pension Bima Yojana is a pension scheme for senior citizens.
For those above 60, avail lifetime pension from LIC with no TDS. Earn between 9 and 9.38 per cent annually, says Senior Citizen KTS Iyer.
For eg. If you invest Rs.66,665 you will get a monthly pension of Rs.500.If you invest Rs.6.66.665 then you can earn a maximum monthly pension of Rs.5,000 per month. With falling interest rates this is a good option for Senior citizens.
On death of the Pensioner the Purchase Price shall be refunded to the nominee. But this scheme expires 14th August 2015. So you will have to make up your mind quickly.
You can also call 9840743863 KTS Iyer, Senior Citizen for more details.