LIC Varishtha Pension Bima Yojana plan 828 is a pension plan released by Life Insurance Corporation of India. The Pension plan provides annuity payouts like an Immediate Annuity plan for senior citizens. 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. Your email address will not be published. Varishtha Pension Bima Yojana (UIN: 512G291V01). Government of India in the Union Budget 2014-2015, announced the revival of LIC Varishtha Pension Bima Yojana. 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. There is no requirement for medical check-ups LIC Varishtha Pension Bima Yojana is a senior citizen pension scheme as advocated by the Government and incorporated by LIC. LIC Varishtha Pension Bima Yojana Features It is a single premium immediate annuity plan. With this policy scheme, all beneficiaries can get the total amount of money by submitting or paying the premium amount once. LIC Varishtha Bima Yojana is a single premium pension policy for senior citizens, with pension starting to flow in immediately.