Tuesday 30 June 2015
ATAL PENSION YOJANA – BENEFITS AND FEATURES BY PFRDA
Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
ATAL PENSION YOJANA – BENEFITS AND FEATURES
1. Anybody in the age group of 18-40 years can join !!
2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.
3. Your contribution depends on your age and the pension plan you choose!
4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!
5. You can be an Income tax payer and still join APY.
6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!
7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.
The monthly contribution chart for different age groups and pension amounts is given below:
Joining Age
|
Years of Contribution
|
Indicative Monthly Contribution under APY (Rs.)
| ||||
Monthly pension of Rs. 1000.Indicative return of corpus Rs 1.70 lacs
|
Monthly pension of Rs. 2000.Indicative return of corpus Rs3.40 lacs
|
Monthly pension of Rs. 3000.Indicative return of corpus Rs 5.10 lacs
|
Monthly pension of Rs. 4000.Indicative return of corpus Rs6.80 lacs
|
Monthly pension of Rs. 5000.Indicative return of corpus Rs 8.50 lacs
| ||
18
|
42
|
42
|
84
|
126
|
168
|
210
|
19
|
41
|
46
|
92
|
138
|
183
|
228
|
20
|
40
|
50
|
100
|
150
|
198
|
248
|
21
|
39
|
54
|
108
|
162
|
215
|
269
|
22
|
38
|
59
|
117
|
177
|
234
|
292
|
23
|
37
|
64
|
127
|
192
|
254
|
318
|
24
|
36
|
70
|
139
|
208
|
277
|
346
|
25
|
35
|
76
|
151
|
226
|
301
|
376
|
26
|
34
|
82
|
164
|
246
|
327
|
409
|
27
|
33
|
90
|
178
|
268
|
356
|
446
|
28
|
32
|
97
|
194
|
292
|
388
|
485
|
29
|
31
|
106
|
212
|
318
|
423
|
529
|
30
|
30
|
116
|
231
|
347
|
462
|
577
|
31
|
29
|
126
|
252
|
379
|
504
|
630
|
32
|
28
|
138
|
276
|
414
|
551
|
689
|
33
|
27
|
151
|
302
|
453
|
602
|
752
|
34
|
26
|
165
|
330
|
495
|
659
|
824
|
35
|
25
|
181
|
362
|
543
|
722
|
902
|
36
|
24
|
198
|
396
|
594
|
792
|
990
|
37
|
23
|
218
|
436
|
654
|
870
|
1,087
|
38
|
22
|
240
|
480
|
720
|
957
|
1,196
|
39
|
21
|
264
|
528
|
792
|
1,054
|
1,318
|
40
|
20
|
291
|
582
|
873
|
1164
|
1454
|
SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH
For more information, Please call on our APY Toll free No. 1800110069
For more information, Please call on our APY Toll free No. 1800110069
Source: PFRDA
LOAN CONDITION ON PLI
- Loan is admissible on Whole Life Assurance (WLA), Endowment Assurance (EA) and Convertible Whole Life Assurance (CWLA) policies.
- Currency of policy should be minimum of 3 years in case of EA and CWLA.
- Currency of policy should be minimum of four years in case of WLA.
- Policy should be unencumbered/ unassigned.
Loan Limit:
(a) Whole Life Assurance
Currency of Policy Percentage of surrender value on which loan is admissible
More than 4 years to 7 years 60% More than 7 years to 12 years 80%
More than 12 years 90%
(b) Endowment Assurance and Convertible Whole Life Assurance
Currency of Policy Percentage of surrender value on which loan is admissible
More than 3 years to 5 years 60%
More than 5 years to 10 years 80%
More than 10 years 90%
- Insurant should apply on LI-35 (loan application) and send to nearest CPC (at any HPO) along with policy document and premium receipt book or PDOC. Second and subsequent loan is admissible. (can be availed any time after repayment of previous loan)
- Second and subsequent loan is admissible after a year if the first loan is fully repaid.
- Loan interest @ 10% p.a is calculated on six monthly basis.
Direct PA / SA through Staff Selection Commission- pattern
The scheme of the examination is detailed below:
General Intelligence (Reasoning)
|
50 marks
|
General English
|
50 marks
|
Mathematics
|
50 marks
|
General Knowledge and Current Affairs
|
50 marks
|
Total
|
200 marks
|
Negative marks for each wrong answer
|
0.25 mark
|
English Tpye: Speed 35 words per minute
| |
Wednesday 17 June 2015
Monday 15 June 2015
Postal Assistant Exam now through of SSC CHSL (Staff Selection Commission Combined Higher Secondary Level Exam)
Friends..Good News. From this year onwards Postal/Sorting Assistant Exam (PA/SA Exam) will be part of Staff Selection Commission Combined Higher Secondary Level Exam. Department of Post has decided to conduct the exam through SSC and Gazette Notification in this regard was issued on 21 May 2015. Till now, for the last 02 years exam was conducted through a private company called CMC Limited and there were lot of complaints regarding the conduct of examination. Malpractices were detected at many Circles and Re-Exams are now being held in those Circles. In view of candidates it’s a welcome move because now onwards you have to prepare for one less exam every year. SSC CHSL + Postal Assistant Exam Preparation now onwards at one go.
Notification for SSC CHSL 2015 is expected today (12 June 2015) or tomorrow (13 June 2015). It is expected that Postal Assistant Exam 2015 will also be part of this year's notification. Let's wait and See. More details in this regard will be posted soon.
Anyway Check the Postal/Sorting Assistant Recruitment Rules 2015 in Official Gazette.
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