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LIC's Pradhan Mantri Vaya Vandana Yojana provides immediate pension for senior citizens of 60 years and above.

The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.

The decisions taken by the Union Cabinet on Wednesday were focused on welfare of migrant workers, senior citizens, easier availability of credit and harnessing opportunities in the fisheries sector, Prime Minister Narendra Modi has said.

The government has made Aadhaar mandatory for subscribers of the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme for senior citizens.

Life Insurance Corporation (LIC) of India, the country's largest life insurer, apart from insurance products like term insurance, endowment plans and money back plans is also offering pension plans.

Life Insurance Corporation of India (LIC), the country's largest life insurance company, apart from insurance products also offers pension plans for senior citizens. LIC's Pradhan Mantri Vaya Vandana Yojana among other annuity or pension plans like LIC Jeevan Shanti and LIC Jeevan Akshay 6 is one of their pension plans offering for senior citizens....

Financial planners say PMVVY offers more avenues to senior citizens to earn a steady regular income at a time when fixed deposit interest rates are not that attractive.

One should take an LIC pension plan depending on the financial needs and the disposable money available

Retirement planning leads to a steady flow of income during post-retirement years, say financial planners. Here's a comparison of National Pension System (NPS), Public Provident Fund (PPF), Pradhan Mantri Vaya Vandana Yojana (PMVVY) and Senior Citizen Savings Scheme (SCSS).

Bank fixed deposits, post Office Monthly Income Scheme, Senior Citizen Savings Scheme, Pradhan Mantri Vaya Vandana Yojana (PMVVY) and systematic withdrawal options in mutual funds are some of the investment options.

Pradhan Mantri Vaya Vandana (PMVVY) : The investment limit is proposed to be increased to Rs 15 lakh.

Senior Citizen Savings Scheme, PMVVY and Post Office MIS are popular investment schemes for earning regular income.

For generating a monthly income, experts recommend a mix of different investments such as bank fixed deposits, mutual funds, Senior Citizen Savings Scheme and Pradhan Mantri Vaya Vandana Yojana.

Under PMVVY (Pradhan Mantri Vaya Vandana Yojana), pension is payable as per the frequency chosen by the subscriber - monthly, quarterly, half-yearly or yearly - during the policy tenure of 10 years.

PMVVY offers more avenues to senior citizens to earn steady regular income at a time of falling interest rates.

LIC's Pradhan Mantri Vaya Vandana Yojana provides immediate pension for senior citizens of 60 years and above.

The government allowed "initially an assured rate of return of 7.40 per cent per annum for the year 2020-21 per annum and thereafter to be reset every year", according to an official release.

The decisions taken by the Union Cabinet on Wednesday were focused on welfare of migrant workers, senior citizens, easier availability of credit and harnessing opportunities in the fisheries sector, Prime Minister Narendra Modi has said.

The government has made Aadhaar mandatory for subscribers of the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme for senior citizens.

Life Insurance Corporation (LIC) of India, the country's largest life insurer, apart from insurance products like term insurance, endowment plans and money back plans is also offering pension plans.

Life Insurance Corporation of India (LIC), the country's largest life insurance company, apart from insurance products also offers pension plans for senior citizens. LIC's Pradhan Mantri Vaya Vandana Yojana among other annuity or pension plans like LIC Jeevan Shanti and LIC Jeevan Akshay 6 is one of their pension plans offering for senior citizens....

Financial planners say PMVVY offers more avenues to senior citizens to earn a steady regular income at a time when fixed deposit interest rates are not that attractive.

One should take an LIC pension plan depending on the financial needs and the disposable money available

Retirement planning leads to a steady flow of income during post-retirement years, say financial planners. Here's a comparison of National Pension System (NPS), Public Provident Fund (PPF), Pradhan Mantri Vaya Vandana Yojana (PMVVY) and Senior Citizen Savings Scheme (SCSS).

Bank fixed deposits, post Office Monthly Income Scheme, Senior Citizen Savings Scheme, Pradhan Mantri Vaya Vandana Yojana (PMVVY) and systematic withdrawal options in mutual funds are some of the investment options.

Pradhan Mantri Vaya Vandana (PMVVY) : The investment limit is proposed to be increased to Rs 15 lakh.

Senior Citizen Savings Scheme, PMVVY and Post Office MIS are popular investment schemes for earning regular income.

For generating a monthly income, experts recommend a mix of different investments such as bank fixed deposits, mutual funds, Senior Citizen Savings Scheme and Pradhan Mantri Vaya Vandana Yojana.

Under PMVVY (Pradhan Mantri Vaya Vandana Yojana), pension is payable as per the frequency chosen by the subscriber - monthly, quarterly, half-yearly or yearly - during the policy tenure of 10 years.

PMVVY offers more avenues to senior citizens to earn steady regular income at a time of falling interest rates.