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Cabinet gives ex-post facto approval to Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

News and Press Release - Dated:- 28-9-2016 - Press Information Bureau Government of India Ministry of Finance 28-September-2016 15:00 IST The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its ex-post facto approv .....

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during the period of 2003-04 to 2014-15 for VPBY, 2003 and approval to incur expenditure on VPBY, 2003 and 2014 from the financial year 2015-16 onwards. The Schemes are implemented through Life Insurance Corporation (LIC) of India, and the difference .....

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ased on an assured minimum return on the subscription amount. The pension is envisaged until death from the date of subscription, with payback of the subscription amount on death of the subscriber to the nominee. Both the schemes VPBY - 2003 and VPBY .....

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