[Apply] Varishtha Pension Bima Yojana Details

Varishtha Pension Bima Yojana Details 2018-19 80C [Application Form, Eligibility Criteria] LIC

The development of senior citizens has always been a concern for the central government. During 2003, the BJP government designed and developed a new scheme that aimed at offering a monthly pension to the senior citizens. But the scheme was not implemented due to several reasons. In 2017, this scheme was launched for the second time, with some changes in the original eligibility criteria and guidelines. With this scheme, senior citizens will get a significant figure as a pension.

Varishtha Pension Bima Yojana

Name of the scheme Varishtha Pension Bima Yojana
Launched in India
Launched by Late. Atal Bihari Vajpayee
Year of launch 2003
Re-launched by Arun Jaitley
Year of re-launch 2017
Target beneficiaries Senior Citizens
Implemented by LIC of India
Supervised by Department of Financial Services

Key features of the scheme