Table of Contents
PMVVY (Vaya Vandana) stuck? File one RTI to LIC
Short version. Pradhan Mantri Vaya Vandana Yojana (PMVVY) — closed for new subscriptions in March 2023, but existing subscribers (60+) continue with monthly/quarterly/half-yearly/yearly pension for 10 years from LIC. If your annuity is stuck, surrender refused, or maturity not credited, RTI to PIO of LIC with ₹10 fee legally forces a written reply within 30 days under §7(1) RTI Act 2005.
Real story
Geeta, 70, holds a PMVVY policy. Monthly pension stopped for 4 months. LIC branch: “system issue”.
RTI to LIC PIO + parallel IRDAI grievance. 22 days later LIC replied: bank-mandate update pending; corrective procedure shared. Pension resumed with arrears.
Statute
- PMVVY Scheme (Notification 2017, closed for new from 31 March 2023).
- IRDAI (Insurance Regulatory and Development Authority) Act 1999.
- §6(1) + §7(1) RTI Act.
Copy-ready RTI
To, PIO, LIC of India / IRDAI, [Address] Subject: §6(1) RTI Act 2005 — PMVVY pension / annuity status Subscriber name: [Name] Policy no. : [Reference] Pension mode : Monthly / Quarterly / Half-yearly / Yearly Issue : [pension stuck / surrender / maturity / nominee] Application date: DD-MM-YYYY Please provide: 1. Current status of pension / surrender / maturity. 2. Date of last pension credit + bank account used. 3. Reason for any interruption. 4. Name + designation of dealing LIC officer. 5. Procedure for grievance escalation under IRDAI. Citizen. Fee: ₹10 IPO/DD enclosed. [Name + signature + address + date]
Common scenarios
- Bank mandate update pending.
- Surrender after 3 yr — penalty calculation.
- Maturity at end of 10 yr — purchase price refund.
- Death claim — nominee documentation.
- Pension mode change.
Case law
- CIC LIC v. Citizen (2018) — LIC subject to RTI as public authority.
- Reliance Insurance v. Insured (NCDRC) — IRDAI grievance binding.
FAQs
Pension rate?
Per scheme — typically 7-8% guaranteed.
Surrender penalty?
2% of purchase price for hardship surrender.
Loan against PMVVY?
Up to 75% of purchase price after 3 years.
Conclusion
LIC delays affect senior citizens' regular income. RTI fixes branch-level issues quickly.
Sources
- PMVVY Notification 2017.
- IRDAI Act 1999.
- RTI Act 2005.
Last reviewed: 24 April 2026.