Which organisation is operating the Pradhan Mantri Vaya Vandana Yojana of the Government of India?

Options

A. Unit Trust of India
B. Post Office
C. LIC of India
D. State Bank of India

Answer

C

Explanation

Pradhan Mantri Vaya Vandana Yojana (PMWY) is a pension scheme available for senior citizens.. The scheme offers a guaranteed payout of pension at a specified rate for 10 years.. It also offers a death benefit in the form of return of purchase price to the nominee. LIC has been given sole privilege to operate this scheme.