Only tidious ( and painful for senior citizens )part of online booking is despite all e docts ,payment LIC still wants the policyholder to submit all docts in physical form .In fact once online policy is booked, LIC should send a copy with policy.
Very clearly explained. A good wise investment too. Govt should stop deducting tax and getting back the amount investmented before the end of the tenure should not be attached to conditions.
Congratulations. You are doing a wonderful service to senior citizens. Hats off to you and take it from me, you will cross 100K mark in this year itself in subscriptions.
If death occurs to policy holder during policy term and he has opted fir yearly pension mode, so in this case nominee will receive only purchase price or purchase price + pension accumulated for the months since he last received yearly pension?
Thanks for your guidance. I would like to know that the interest amount will be directly transfered to saving bank account linked with LIC or they will give cheque ?
This is the first time I watched your video, your analysis, explanation is so good, I was so impressed, I quickly subscribed, you can make a layman understand the subject well, thank you sir, pl continue to educate us
Pl.guide us whether one should commute part of one's pension and invest in schemes viz.PMVVY although no monetary requirement or any liability is there vis-a-vis commutation pros n cons.
When I met a LIC agent for opening of pmvvy scheme of 15 lakhs he told me there is problem for drawing the capital amount after completing the period of pension. I was amazed and asked him why is happening so. He didn't give me further reply. I am planing to meet another agent for checking out the reply. In the meantime please tell me whether such things may happen in future.
Sir, I have a question. If I purchase this product through on line, after completion of ten years how I will get my refund. Please let me know the procedure of getting my refund through on line. i.e. How I make my claim for refund through on line.
Very nice program, Sir can I make fund this scheme in my mother's name who is 79.now. I am 59 ,can join only after attaining 60. In essence can I finance to my mother,as I being the only son , have no siblings.🙏
is NPS better or invest in good mutual fund systamaticlly is better ? I am systematic person and confused should I go with NPS or 3 good mutual funds directly ?
I am late to watch the video. If I invest in Pra hanmnantri Vaya Vadana in April 2021 what is the interest rate ? If the scheme ends in 2023 , is the money still locked up for 10 years?
Sir, Wonderful scheme. Very nicely explained by you. I have a doubt I am 62 years old and I have already invested in a FD in my bank under Govt Scheme for 15 lacs. Am I eligible to invest in the above said scheme now.
Thank you very much. Your pension starts from next mont itself if you opt for monthly pension . Contact your nearest LIC branch. Please subscribe and share videos with your friends,.
Thanks money will be blocked for next 10 years but can this beat the inflation...even in present scenario it cannot beat the inflation. I think government should have a thought process in this point and the interest rate should be minimum 8pc. Lets talk about a single investment of 15lacs the return will be around 9k and at this present scenario is it possible to run a family.... keeping everything in mind like medical expenses , house rent, electricity and gas bills, foods, milk, conveyance exp... honestly it's not possible at all. In my opinion Government should think of all these senior citizens and come forward to do something.
Sir one doubt...in the next April 2021 if the interest rate revised say it increased to 8.3 again..will we get that 8.3 for that year or same 7.4 as we started in 2020. Advance .thanks for clarification
If you are subscribing for PMVVY now, you will get 7.4%. It will not get changed if it moves up or down next year. Please subscribe and keep sharing the videos
beautifully described. Thanks for all the details. I still have one question. if someone has invested 15lakh in Senior Citizen Savings Scheme in a government bank/post office, can the same person invest another 15lakh in the PMVVY scheme with LIC? Or can they only choose only one of them?
Is there any pension schemes with better assured returns? Because right now, I generate a fixed income for my parents through Kerala treasury deposit where I get 8.5% interest.
Thank u very much sir for the clarity in your speech. When all rates of interest on all savings change in accordance of Repo rate how come u say the rate of interest will be consistent throughout the tenure of the policy. Pl clarify
Very good clarification about PMVVY of LIC, but according to my knowledge as LIC employee this plan is restricted to maximum amount is only 15lac unless both husband & wife attains the age 60, unlike in the above it was stating that each 15 lac for each person
The way of explaining the various modes of schemes are found in well understanding manner profoundly is extremely good.
I heard this with 1.5 speed. Thanks for all the good details.
Your videos are good. I personally like your topics to create financial awareness for everyone.
Thanks.
Very clear voice and helping minded tone.
Only tidious ( and painful for senior citizens )part of online booking is despite all e docts ,payment LIC still wants the policyholder to submit all docts in physical form .In fact once online policy is booked, LIC should send a copy with policy.
Very Logical and pratical guidance by Dr. Bhat
Thank you very much for feedback . Please subscribe and keep sharing the videos
Very clearly explained. A good wise investment too. Govt should stop deducting tax and getting back the amount investmented before the end of the tenure should not be attached to conditions.
Very well explained. Its better to go for HDFC scheme where you get 12000 every month on deposit of 15 lakh
Wonderful explanation. Thanks Sir. Dahiya A S.
Thank you so much for your kind words. Please subscribe and keep sharing the videos
Congratulations.
You are doing a wonderful service to senior citizens. Hats off to you and take it from me, you will cross 100K mark in this year itself in subscriptions.
Thank you for your feedback . Please subscribe and keep sharing the videos
I have to invest about 10l.pl adv .i.plan tamilnadu power finance , index fund and corporate bond ..
Pl adv mail.id
@@whoami10000 mi
very clear thanks for this nice presentation
Excellent explanation Dr. Bhat 👌
10 YEARS IS A VERY LONG PERIOD FOR SENIOR CITIZENS..GOVT SHOULD HAVE SOME COMMON SENSE
Very good & useful suggestion for sr.citizens.A certainly good proposition for pensionery benefits.Thank u so much.
Thank you.. pl suggest any other scheme wch gives return to 8% .. Im a Senior Citizen..,
If death occurs to policy holder during policy term and he has opted fir yearly pension mode, so in this case nominee will receive only purchase price or purchase price + pension accumulated for the months since he last received yearly pension?
Only purchase price
@@NRIMoneyClinic thanks
One doubt if interest rate increases can we shift for higher one
No sir
@@NRIMoneyClinic ppppppppp
Thanks for your guidance. I would like to know that the interest amount will be directly transfered to saving bank account linked with LIC or they will give cheque ?
Please check this issue with nearest LIC office . Please subscribe and keep sharing the videos
After starting this scheme if anybody becomes nri what happens?
Which scheme is better?
PMVVY or Senior Citizen Saving Scheme
Both
Superb presentation which is very clear and easily understood to every one.
Keep it up with Good work!
Thank you. Please subscribe and keep sharing the videos
Superb presentation.
This is the first time I watched your video, your analysis, explanation is so good, I was so impressed, I quickly subscribed, you can make a layman understand the subject well, thank you sir, pl continue to educate us
Welcome aboard!Please subscribe and keep sharing the videos
Pl.guide us whether one should commute part of one's pension and invest in schemes viz.PMVVY although no monetary requirement or any liability is there vis-a-vis commutation pros n cons.
Super very nice information , thank you.
Can we do investment in both scs and Pradhan Mantri vaya yogana I.e Rs 30.0lakh in total
Yes you can . Husband + wife total 30 lakhs each = 60 lakhs can be invested
If I am widower how to do.
You can as a single individual . 15 lakhs in each scheme.. total 30 lakhs
Thanks. How the PMVVY through LIC is different from senior citizens savings scheme through India post?
I will soon come out with a video on it . Please subscribe , share and stay connected .
@@NRIMoneyClinic iiipki
A 72 year old person from India but at present Green card ( PR) holder of USA
Very interesting... Very fine....
Sir suppose we want to invest 20,000 ruppies can we apply...
Thank. You very much.
Myne 1/2/22 date 13 lac invest kiya monthly pension ke liye but today 1/3/22 hogaya abhitak monthly pension nahi mile. Please clarify me
Thank you Sir, for giving useful information
Excellent advice and information. Thank you sir
Lic. ಯಲ್ಲಿ. ಬೀಮಬಚತ್. ಪಾಲಿಸಿ ಇದೇ. ಮತ್ತು ಅದನ್ನು ಈಗಿನ. ಬೇರೆಪಾಲಿಸಿಗೇ. ವರ್ಗಾವಣೆ ಮಾಡಬಹುದಾ
Dr Bhat
Thanks for explaining in detail. Thanks
With 1449025 if I opt for annual interest what amount will I get at maturity please clarify.1500000 or 1449025 rupees
The purchase price paid by you is the maturity value . Not 15 lakhs at maturity . Please subscribe and share it with your friends .
Up to the point and Superb presentation
.MV
Thank you so much . Please subscribe and keep sharing the videos
Sir, in the reply to Pragnesh Patel 5 months ago, it is said that his parent withOCI can get PMVVY. So why not us.?
Is this jojona is available now i.e from 1st April 2021. From LIC.@ 7.40 percent.
Can you please help with information on LIC new Saral pension plan. How does it compare?
When I met a LIC agent for opening of pmvvy scheme of 15 lakhs he told me there is problem for drawing the capital amount after completing the period of pension. I was amazed and asked him why is happening so. He didn't give me further reply. I am planing to meet another agent for checking out the reply. In the meantime please tell me whether such things may happen in future.
There is no problem. This guy is trying to misguide you . Dont care a damn for him . Walk into a branch of Lic. You dont need an agent
@@NRIMoneyClinic Thanks Sir for your valuable advice.
Please inform about best immediate annuity plan these days for about 5/10 years with return of purchase money
Sir, I have a question. If I purchase this product through on line, after completion of ten years how I will get my refund. Please let me know the procedure of getting my refund through on line. i.e. How I make my claim for refund through on line.
Very nice program,
Sir can I make fund this scheme in my mother's name who is 79.now.
I am 59 ,can join only after attaining 60.
In essence can I finance to my mother,as I being the only son , have no siblings.🙏
Very informative video.. can you pls guide what’s the rate for this year.
is NPS better or invest in good mutual fund systamaticlly is better ? I am systematic person and confused should I go with NPS or 3 good mutual funds directly ?
are there comnisions for agents of corporations?
Very useful videos, can you pl compare different pension plans from LIC, SBI, PNB or any other which is safe and best returns
Sir pl check. Husband n wife both can maximize deposit Rs.15.00 laks only.
In other words both separately cannot invest Rs.15.00 lakhs.
I am late to watch the video. If I invest in Pra hanmnantri Vaya Vadana in April 2021 what is the interest rate ?
If the scheme ends in 2023 , is the money still locked up for 10 years?
If I want yearly pension than how much I have to invest in pm v v yojana. Kindly clear this. It seems there is some benefit to investors
Sir, Wonderful scheme. Very nicely explained by you. I have a doubt I am 62 years old and I have already invested in a FD in my bank under Govt Scheme for 15 lacs. Am I eligible to invest in the above said scheme now.
Thank you for your feedback . Please subscribe and keep sharing the videos
वरिष्ठ पेन्शन बीमा योजना आता चालू आहे का
Congrats on touching 1k membership. Once I invest money when the pension starts.
Thank you very much. Your pension starts from next mont itself if you opt for monthly pension . Contact your nearest LIC branch. Please subscribe and share videos with your friends,.
Thanks
money will be blocked for next 10 years but can this beat the inflation...even in present scenario it cannot beat the inflation. I think government should have a thought process in this point and the interest rate should be minimum 8pc. Lets talk about a single investment of 15lacs the return will be around 9k and at this present scenario is it possible to run a family.... keeping everything in mind like medical expenses , house rent, electricity and gas bills, foods, milk, conveyance exp... honestly it's not possible at all. In my opinion Government should think of all these senior citizens and come forward to do something.
Very good details thanks G M
You are most welcome. Please subscribe and keep sharing the videos
Very nicely explained.
How does the Jeevan Shanti plan compare? Much appreciate your feedback.
I have answered you on WhatsApp. Kindly subscribe and stay tuned . Thanks for your kind words
Congratulations
Very informative videos
How about indians residing in india. Can they create a cash flow for their parents by investing in pmvvy?
A senior citizen presently a USA Green CARD holder can invest in PMVVY or SCSS ?
No Sir . Not allowed
If an nri invest money on behalf of the aged parents ,after their death can the money be repatriated to the nri
Is there a chance that next financial year rate of interest will be less than 7.4per cent?
We will have to ask Nirmala madam, Shashikant Das .
My father's age is 68 and mother's is 61 and they both are OCI holder. They have Aadhar Card . So, then they can invest in PMVVY ?
Yes that is right . Both of them can invest . Please subscribe and share it with your friends.
Can I INVEST fifteen lakhs in Senior citizen saving scheme and also in PMVVY.
Your videos are very very informative
How safe is this policy
If you can trust Govt Of India, you can invest in this. It is a Government programme implemented through LIC of India
Wonderful topic
Very valuable info...nicely explained.
Who are NRIs? Are people working in the Gulf countries considered nri?
Should nominee is son or daughter ,or can be anybody else
Please tell about how to re invest money received from selling of ancestry land or house covering all aspects of taxes
Sir one doubt...in the next April 2021 if the interest rate revised say it increased to 8.3 again..will we get that 8.3 for that year or same 7.4 as we started in 2020. Advance .thanks for clarification
If you are subscribing for PMVVY now, you will get 7.4%. It will not get changed if it moves up or down next year. Please subscribe and keep sharing the videos
Thanks for clarification
Is TDS applicable to this pension amount?
Congrats to you Sir. First time I saw this You Tube channel. Excellently explained topic. Topic dealt with such clarity. Thank you Sir. Keep it up
Sir if I invest today the rate of interest will be same for ten years ?
Yes . It remains the same. It will not change
Thanks Sir for clarification
We are US citizens with OCI AND ADHAAR CARD,PAN CARD AND FOR 2019-2020 and 2020-2021 will be RNOR Can we apply forPMVVY
No , you cannot invest
If you are US citizen then why have you kept aadhar card, and not surrendered it.
@@tintunbirha OCI card holder must stay in India for six months to get Aadhar card.
Dr. Bhat thank you for your nice explanation. One think I want to know that is there any risk factor in this scheme.
There are no risk factors . It is a government scheme
@@NRIMoneyClinic hope that I shall get entire principle amount after maturity.
Can an individual invest 15 lac each in a bank along with pmvvy?
PMVVY SCHEME OFFERS IN ANY NATIONALISED BANK?
Is TDS also deducted from our pension amount under this plan?
Most likely not . I am not 100% sure on it . Please check with nearest branch office of LIC Please subscribe and keep sharing these videos
Please make LIC SIIP and Nivesh plus plan presentation sir
My mother is more than 75 year old .In her case the interest or pension earned in this scheme will be taxable in this FY.pls clarify.
ये योजना एल आई सी मै अभी अपडेट नहीं हुईं है बतायें कब होंगी
Please subscribe and keep sharing the videos
Please suggest best pension annuity investments for those who are in 50s
Please send WhatsApp message on the number shown on the screen
WhatsApp no# 8073405603
What does this year means for rate of interest?
Very good suggestions sir
pls reply can we invest both schemes
Which two schemes?
@@NRIMoneyClinic pmvvy and senior citizen schem total 30 lacks single person
Yes , you can if you have eligibility as per scheme details .
Husband 15lakh&wife 15lakh .invest kor sakte he?
How the pension is paid whether through bank cash or cheque not mentioned in the Lic website
Please visit nearest LIC branch to get this clarification
beautifully described. Thanks for all the details. I still have one question. if someone has invested 15lakh in Senior Citizen Savings Scheme in a government bank/post office, can the same person invest another 15lakh in the PMVVY scheme with LIC? Or can they only choose only one of them?
You can use both schemes.. 15 lakhs in each
It's very clear brief,thank u sir🙏
You're most welcome. Please subscribe and keep sharing the videos
Very nice information
Sir if I invest 10 lac and want yearly income what amt I will get.
Kindly contact the nearest LIC office .
Ankit Garg ,rs 76600 annual payout.
Is it necessary to produce a medical certificate to surrender the policy
A nice presentation , as usual. Great
If I opted annually with purchase price Rs.1449086/- then after ten years will I get the same.
Yes , you will get original purchase price.. please subscribe to channel and share it with your friends
Can I invest both in this scheme and also in Senior Citizens Deposit Scheme, so that I get 7.4 percent on 15 lakh + 15 lakh,,= 30 lakh
Is there any pension schemes with better assured returns? Because right now, I generate a fixed income for my parents through Kerala treasury deposit where I get 8.5% interest.
No comments . Please consult a nearest financial planner to you with your query. Please subscribe and keep sharing the videos
Very good , nicely explained
Thank you for your feedback . Please subscribe and keep sharing the videos
Thank u very much sir for the clarity in your speech.
When all rates of interest on all savings change in accordance of Repo rate how come u say the rate of interest will be consistent throughout the tenure of the policy. Pl clarify
Please read reference material. Pension products will always have constant rates
Very good clarification about PMVVY of LIC, but according to my knowledge as LIC employee this plan is restricted to maximum amount is only 15lac unless both husband & wife attains the age 60, unlike in the above it was stating that each 15 lac for each person
Very useful sir
If I invest during the 2020, whether I am eligible for 7.40 for next 10 years? Please clarify.
Yes that is correct .
@@NRIMoneyClinic thank you Sir.
Please give me the answer to my question. Thank you.
Pl suggest which one best sbi we care fdr or pmvvy scheme
Choose as per your circumstances . Please subscribe and keep sharing the videos
Good video