Current Affairs - National - Discussion

Life Insurance Corporation of India announced the launch of the Pradhan Mantri Vaya Vandana Yojana-PMVVY Scheme for those over and above 60 years. The sale will be available from May 26 for 3 financial years(up to March 31, 2023). This scheme can be purchased offline as well as online from LIC website.The policy has a 10-year tenure and for policies sold in the 1st financial year March 2021, the scheme will offer an assured rate of return of 7.40% per annum, but will be paid monthly for the entire 10 year period.