Varishta Pension Bima Yojana Table No. 828 Plan available for sale for a limited period only from 16th Aug 2014 to 14th August, 2015.

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Presentation transcript:

Varishta Pension Bima Yojana Table No. 828 Plan available for sale for a limited period only from 16th Aug 2014 to 14th August, 2015

BASIC CONDITIONS Minimum Age at Entry60 Years Maximum Age at EntryNo limit Minimum Pension Rs. 500 per month Rs. 1,500 per quarter Rs. 3,000 per half year Rs. 6,000 per year Maximum Pension Rs. 5,000 per month Rs. 15,000 per quarter Rs. 30,000 per half year Rs. 60,000 per year

Mode of PensionMinimum Purchase Price Maximum Purchase Price YlyRs.63,960/-Rs. 6,39,610/- HlyRs. 65,430/-Rs.6,54,275/- QlyRs. 66,170/-Rs.6,61,690 MlyRs. 66,665/-Rs.6,66,665 BASIC CONDITIONS

BENEFIT Pension Payable during lifetime of the pensioner as per chosen mode Refund of purchase price to nominee/legal heirs on death of pensioner

REBATE No rebate is available under this plan

LOAN OPTION Available after payment of 3 full years premiums Maximum amount of loan shall be 75% of the purchase price

SURRENDER OPTION Policy can be surrendered after 15 years Surrender value shall be equal to purchase price Under exceptional circumstances like requirement of money for the treatment of any critical/terminal illness of self or spouse then the policy can be surrendered before the completion of 15 years and the Surrender Value payable shall be 98% of Purchase Price

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