Atal Pension Yojana Receives Rs. 5000 cover from the Government

Under Atal PensionYojana, government is willing to guarantee a pension of up to Rs. 5000 a month. It will allow the members of the NPS to migrate to the Atal PensionYojana. The proposed plan will be available in five different options and the subscribers can opt for any one of the available options.

Read more
Best Pension Options
  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

Get the best returns & make the most of your Golden years

+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

When the subscriber completes the age of 60, he will receive guaranteed return from the plan in case his contribution to the period fixed by the contract has been regular.

The Chairman of the pension fund regulatory and development authority (PFRDA) briefly explained. The Atal Pension Yojana will provide a minimum pension of Rs.1,000 per month to a maximum of Rs 5,000. People between the ages of 20 to 40 years are eligible for the plan. The contributions will vary from Rs. 48, for Rs. 1,000 pension and Rs. 248 for Rs 5,000 pension per month.

The finance minister Arun Jaitley announced the plan to launch Atal Pension Yojana in the budget 2015-16, which will provide defined pension according to the contribution and the period. The government is contributing about 50% to the scheme for the beneficiaries. The premium is limited to Rs 1,000 for about five years for the new accounts opened before the end of this year. In the first week of April 2015, the guidelines for the new investment pattern will be declared. This plan would offer a return of 8 % per annum.

It is not essential to hold an operational bank account, as the bank will be the aggregators of the scheme. The government is focusing and lifting the Atal Pension Yojana as one of the primary initiatives along with the private sector. The existing 36 Lakhs subscribers in the NPS Swavalamban will have an option to migrate to the new plan.

The NPS does not offer a guaranteed pension as the Atal PensionYojana. The Swavalamban is focused on the unorganized workforce by the government, providing Rs. 1,000 every year for five years for the account holders from 2010-13.

 

(Source: This article has been adapted from the article "Under Atal Pension Yojana, govt to guarantee up to Rs 5,000 cover" that appeared on March 12, 2015 in financialexpress.com)

Best Endowment Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Retirement Plans
Monthly Pension Plans
Higher Returns Than Fixed Deposit
Retirement Calculator
Retirement Calculator
How much do you need to save for retirement?
₹ 20,000
₹ 25,000
₹ 30,000
Monthly Expenses in 2022
Edit Done
Your expense go up every year by
Today 2022 Your expenses today in 2022, at the age of 34 Yrs
Your expenses in 2043, at the age of 55 Yrs
For a monthly pension of ₹77,300
you need to invest
₹14,300/month
Calculated as per past performance of 15%
View Plan Recalculate?

Pension plans articles

Recent Articles
Popular Articles
18 से 40 वर्ष पेंशन योजना

23 Jun 2022

दोस्तों जैसा की हम जानते...
Read more
Best Pension Plans in Hindi - पेंशन योजनाएं

21 Jun 2022

पेंशन प्लान्स को...
Read more
Retirement के बाद 50000 रुपये मासिक पेंशन कैसे प्राप्त करें!

21 Jun 2022

हर व्यक्ति रिटायरमेंट...
Read more
अटल पेंशन योजना क्या है ?

17 Jun 2022

अटल पेंशन योजना भारत...
Read more
How to Get a 50K Pension Per Month?

15 Jun 2022

Retirement planning should form an essential part of your...
Read more
National Pension Scheme (NPS) – Govt Approved Pension Scheme
National Pension Scheme (NPS) is an investment cum pension plan launched by the Indian Government. This scheme is...
Read more
NPS Calculator - National Pension Scheme Calculator Online
National Pension Scheme Calculator is an online tool, which allows the individual to calculate the estimated...
Read more
Post Office NPS Calculator 2022
National Pension System is a scheme launched by the Government of India that offers stability to all Indian...
Read more
Top Pension Plans in India
Pension plans are one of the most sought-after investment options that have gained huge popularity over the...
Read more
LIC Senior Citizen Pension Scheme
Post demonetization the banks are cutting down the interest rates on fixed deposits. Hence, to safeguard the...
Read more
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL