LIC Varishtha Bima Yojana is a single premium pension policy for senior citizens, with pension starting to flow in immediately. With this policy scheme, all beneficiaries can get the total amount of money by submitting or paying the premium amount once. Log in, LIC Varishtha Pension Bima Yojana Plan Review, Lic varishtha pension bima yojana features, LIC Varishtha Pension Bima Yojana premium calcuator, Example for LIC Varishtha Pension Bima Yojana. LIC Varishtha Pension Bima Yojana is a senior citizen pension scheme as advocated by the Government and incorporated by LIC. LIC Varishtha Pension Bima Scheme 2020 Let’s inform you all that Varishtha Pension Bima Scheme is the type of a LIC Insurance Policy. It starts its annuity after the payment of premium from the date chosen next. Your email address will not be published. LIC Varishtha Pension Bima Yojana Features It is a single premium immediate annuity plan. There is no requirement for medical check-ups Varishtha Pension Bima Yojana (UIN: 512G291V01). LIC Varishtha Pension Bima Yojana plan 828 is a pension plan released by Life Insurance Corporation of India. Government of India in the Union Budget 2014-2015, announced the revival of LIC Varishtha Pension Bima Yojana. The Pension plan provides annuity payouts like an Immediate Annuity plan for senior citizens.