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    Question

    Which of the following schemes is administered by Life

    Insurance Corporation?
    A PM Ujjwala Yojna Correct Answer Incorrect Answer
    B PM Samarth Correct Answer Incorrect Answer
    C PM Vaya Vandana Yojana Correct Answer Incorrect Answer
    D PM Gram Adarsh Yojna Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Pradhan Mantri Vaya Vandana Yojana (PMVVY) is implemented through Life Insurance Corporation (LIC) of India. As per the scheme, on payment of an initial lump sum amount ranging from a minimum purchase price of Rs. 1, 50,000/- for a minimum pension of Rs 1000/- per month to a maximum purchase price of Rs. 7, 50,000/- for maximum pension of Rs. 5,000/- per month, subscribers will get an assured pension based on a guaranteed rate of return of 8% per annum, payable monthly.

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