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.
PMVVY (Vaya Vandana) stuck? File one RTI to LIC — Geeta, 70, holds a PMVVY policy. Monthly pension stopped for 4 months. LIC branch: “system issue”.
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.
2026 context
PMVVY is closed for new subscriptions, but existing policies can still raise live 2026 issues such as missed pension credits, bank mandate corrections, surrender requests, maturity payment, nominee claims and arrears. Keep the LIC policy number, pension mode, last credit date and bank proof ready before filing RTI or an IRDAI grievance.
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.