evidence: The Pradhan Mantri Vaya Vandana Yojana is a pension scheme for senior citizens in India, which is primarily aimed at providing financial security to individuals aged 60 and above. The scheme is administered by the Life Insurance Corporation of India and was introduced by the Government of India. It offers a guaranteed regular pension income to senior citizens for a specified period, which can be either 10 years or 15 years, depending on the choice of the policyholder. The PM Vaya Vandana Yojana aims to provide financial security to senior citizens in India by offering them a guaranteed and regular pension income. It encourages savings and financial independence among the elderly population by providing predictability and stable returns. This scheme not only supports the ageing demographic but also fosters financial inclusion, especially in rural areas. PMVVY offers tax benefits on premiums, reducing the tax burden on policyholders. Overall, it helps seniors lead dignified lives during retirement, alleviating their financial concerns and promoting their overall well-being. [...] Financial Security: PMVVY offers peace of mind and financial security to senior citizens, allowing them to lead a dignified life during their retirement years without depending solely on their family or social security benefits.