Kerala Pension

The Government of Kerala has introduced various schemes under Kerala Pension for the people of Kerala who fall under the poverty line of the state. Kerala Pension is introduced to provide a source of income to people who suffer from almost no income in their lives.

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Disclaimer: ##Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds. Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

However, this scheme doesn't apply to every person without a job in Kerala. To be eligible for getting this scheme, specific requirements and the people willing to benefit from the scheme should belong to a particular category for being eligible.

What is the Kerala Pension Scheme?

Kerala Pension Scheme helps economically backward and psychically disabled people with no other source of income and old age people with no pension.

By providing a certain amount as a monthly pension to these people, the Government takes care of the pensioner's day-to-day expenses like buying necessities, medical expenses, emergency expenses, etc. Various schemes under Kerala Pension are discussed in detail below.

Schemes Under Kerala Pension

Kerala Pension has various schemes under them for providing benefits to people who fall under a particular category. By allotting people under specific pension groups, the Government can easily find out if every one of the pensioners has received their pension or not.

Here is a detailed discussion of these schemes:

Agricultural Labour Pension

Agricultural Labour Pension is provided for labourers of agriculture in Kerala. This scheme provides social support to agriculture workers and gets financial aid in times of need.

Eligibility criteria for this pension and other features and benefits are listed below:

Eligibility
- The agricultural labour must be 60 years or higher
- Must be a permanent resident of Kerala
- Must have been working as an agriculture worker for 10 years
- The family Income of the agricultural worker must be less than Rs.100000/- per annum
- The worker should be destitute
- Must not be a labour of plantations
Features and Benefits
- Under this pension scheme, the agricultural labour gets an amount of Rs. 1600 per month, which will help them to get financial aid and social security in the state.
- This pension acts as a great source of income replacement.
Documents Required
- AADHAR Card
- Land Owner Proof
- Senior Citizen ID Proof
- Bank Statements for 1 year
Indira Gandhi National Old Age Pension

Indira Gandhi National Old Age Pension is provided for senior citizens in Kerala who fall below the poverty line. Senior citizens are people who are 60 years of age and above. To be eligible for getting a pension from this scheme, there are specific requirements from the beneficiary's side.

Eligibility
- Applicants must be 60 years old and above
- The household income must be below Rs. 35,000/- annually
- Applicants should not have any other pension or receive any other benefit from the Government
Documents
- BPL Certificate
- Recommendation from the Village Panchayat
- Aadhar Card
- Copy of Parivar Register
- Bank Account
Features and Benefits
- This pension can provide social security and financial support to the elderly in Kerala.
- The pension amount provided under this scheme is Rs. 1600/-

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Indira Gandhi National Disability Pension Scheme

Indira Gandhi National Disability (Handicapped) Pension is provided for permanent residents of Kerala who are physically challenged or mentally disabled. Eligibilities and other features and benefits of this plan are discussed in brief below.

Eligibility
- Applicants must be 80% or more handicapped
- The applicant should fall under the poverty line of the state
- Should not be a government employee
- There is no age bar for this scheme
Documents
- BPL Certificate
- Recommendation from the Village Panchayat
- Aadhar Card
- Copy of Parivar Register
- Bank Account
Features and Benefits
- The amount allotted under this pension scheme is Rs.1,600/- per month.
- This pension can provide social security and financial support to the disabled in Kerala.
- People with no other source of income can count on this pension for their medical expenses.
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Pension for the Unmarried Women above 50 years

Pension for the Unmarried Women above 50 years is introduced for women who are unmarried and are above the age of 50 years. Few other eligibility, features, and benefits are discussed in brief below.

Eligibility
- Since this plan is strictly created for unmarried women, the applicant must not be married, divorced, widowed, or deserted.
- The annual income of the single woman should be below Rs.35,000/-.
- Permanent residents of Kerala are eligible.
- The single woman must not be an employee of the Government.
Features and Benefits
- The amount provided under this pension scheme is Rs. 1,600/- per month.
- As the pensioner gets monthly payment, this amount can act as an income replacement to the pensioner.
Documents Required
- AADHAR Card
- Bank Passbook
- Bank Statements
- Copy of Parivar Register
- Recommendation letter from the municipal office
Indira Gandhi National Widow Pension Scheme

The Indira Gandhi National Widow Pension Scheme was created to provide a helping hand to widows in Kerala. These widows must belong to an economically backward class in society to get benefits from this plan. Eligibilities, features, and benefits for this plan are discussed in brief below.

Eligibility
- Must be a widow who is above 18 years of age.
- Income must not exceed Rs. 35,000/-.
- Must be a permanent resident in Kerala.
- Should not be a government employee.
Documents
- Aadhar Card
- Bank Account
- Copy of Parivar Register
- Recommendation from the Village Panchayat
Features and Benefits
- The pension can act as a great source of income for widows who have no other source of income in their life.
- The amount provided under this pension scheme is Rs.1,600/-

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Policy Beneficiaries

Kerala Pension scheme benefits for people who fall under the below-mentioned categories:

Women who are widowed at the age of 18 and above with no other assets or source of income
People who are physically challenged with 80% of disability
People who are mentally challenged with 40% of disability
Women who are unmarried and stay single even after they are 50 years old
Labours of Agriculture who earn below minimum wages

FAQ's

Q. What is the difference between deserted women and widowed women? Are they the same?

Ans: No, deserted women and widowed women are not the same. A deserted woman states to a woman whose spouse left the family and the wife without any notice. The man of the family is not providing any financial support to the family and even refused to take any care at all and disappeared for 5 years.
A widowed woman is a woman whose spouse died and the woman hasn’t remarried.
Q. Who is eligible for getting the Indira Gandhi Old Age Pension Scheme?

Ans: As the name states, the Old Age Pension Scheme can be taken by people above the age of 60 and 65. People who are known as senior citizens in a community with low annual income are eligible.
Old Age People whose own sons or daughters refused to take care of them are also eligible for getting benefits under this scheme only if they hadn't received any other pension from the Government or their workplace.
Q. Are mentally challenged people eligible to get Disability Pension?

Ans: Yes. Mentally challenged people are eligible to receive a disability pension. For getting this pension, the person must have an attested medical certificate from their doctors stating that the medical disability of the person is above 40%.
40% in mental disability is considered to be the correct percentage for the Government to provide pension to the person.
Q. What is the eligibility for getting an unmarried women's Pension?

Ans: For receiving benefits under the Unmarried women scheme, the woman must be unmarried in their life until they are 50 years of age. If they have married and then got separated or the husband dies, they fall into different categories.
Deserted women, Divorced Women, and Widowed Women are not eligible for getting pensions under this scheme.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.