Tuesday, January 24, 2017

Government Clears Pension Scheme For Seniors With 8% Return

New Delhi: Cabinet on Tuesday approved a pension scheme for senior citizens under which insurance behemoth LIC will provide a guaranteed return of 8 per cent for 10 years, as part of government's social security and financial inclusion programme.

The Union Cabinet chaired by Prime Minister Narendra Modi gave its post-facto approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017), an official statement said. Read More