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Union Budget: 2017-18: Here Are Quick Benefits For Senior Citizens


Inflation and poor health are the biggest troubles during retirement. The new budget also had a look at the dangers of the health of senior citizens. The introduction of Aadhaar-based smart cards with health details are the main announcement in Union Budget for senior citizens. What is Varishtha Pension Bima Yojana 2017? What Is The Return Offered?


Senior citizens in India will soon get Aadhar-based health cards, Finance Minister Arun Jaitley announced on Wednesday. These cards would feature their health and other information.

Union Budget: 2017-18: Here Are Quick Benefits For Senior Citizens

Unveiling Union Budget 2017 in the parliament, Jaitley said, that senior citizens are set to earn 8 per cent interest on savings through LIC. A beginning will be made through a pilot in 15 districts during 2017-18, with a guaranteed return of 8 per cent per annum for 10 years. Aadhaar Can Be Accepted As DOB Proof: Get Passport Easily

Aadhaar is a biometrics-backed national ID system that the government is positioning as a solution to bring its 1.3 billion people to the digital age. Over one billion people and 99% of the country's adult population are already enrolled in the Aadhaar system.

Read more about: union budget senior citizen
Story first published: Thursday, February 2, 2017, 12:24 [IST]
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