VARISHTHA PENSION BIMA YOJANA recently revived – Any views ?

POSTED BY Anurag Batra ON September 2, 2014 9:17 am ONE COMMENT

The government has recently revived the “VARISHTHA PENSION BIMA YOJANA” for senior citizens. Minimum and maximum payment is Rs. 66,665/- and 6,66,665/- respectively, which gives a pension of Rs. 500/month and Rs.5000/month respectively.

I need to know 2 things.

1. How do you rate this plan and please share its pros and cons.

2. Is the pension amount taxable?

Hoping for your valuable inputs.

Regards, Anurag Batra

One reply on this article “VARISHTHA PENSION BIMA YOJANA recently revived – Any views ?”

  1. Hemanth Chandra says:

    The ROI is 9%…. If you want income every month, it is Ok policy…. the income is taxable.

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