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Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Closed for new subscribers after 31 March 2023. Existing policies keep paying pension for their 10-year term. A 10-year pension plan for senior citizens aged 60 and above with an assured return, sold by LIC. Investment was capped at ₹15 lakh.

Latest status: Closed for new subscribers after 31 March 2023. Existing policies keep paying pension for their 10-year term.

Last updated: Reviewed by IndiaDigital editorsSources

You getSee benefit below
WhereAll India (central government)
Run byDepartment of Financial Services (run by LIC)
Last checked1 November 2026

What do you get under PM Vaya Vandana?

A 10-year pension plan for senior citizens aged 60 and above with an assured return, sold by LIC. Investment was capped at ₹15 lakh.

Who is eligible for PM Vaya Vandana?

  • Senior citizens aged 60 or more. No new policies now.

Documents needed for PM Vaya Vandana

0 of 3 ready

Offices may ask for more. Check the official list before you go.

How to apply for PM Vaya Vandana

  1. No new policies. For an existing policy, contact the LIC branch that issued it.
  2. For a new safe option, see the Senior Citizens Savings Scheme.

Go to the official site ↗

Common questions

Who is eligible for PM Vaya Vandana?

Senior citizens aged 60 or more. No new policies now.

How much do I get under PM Vaya Vandana?

A 10-year pension plan for senior citizens aged 60 and above with an assured return, sold by LIC. Investment was capped at ₹15 lakh.

What documents do I need for PM Vaya Vandana?

Aadhaar card (linked to your mobile number); PAN card; Bank passbook or account details (Aadhaar-seeded account).

How do I apply for PM Vaya Vandana?

No new policies. For an existing policy, contact the LIC branch that issued it. For a new safe option, see the Senior Citizens Savings Scheme. Official site: https://licindia.in/

Do I have to pay anyone to apply for PM Vaya Vandana?

No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.

Official sources

Last checked 1 November 2026; next review by 1 May 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.

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