The policy term is of 10 years and for policies sold during the first financial year i.e. up to 31st March 2021, the Scheme will provide an assured rate of return of 7.40 per cent annually, payable monthly (i.e. equivalent to 7.66 per cent.p.a.) for the entire duration of 10 years .For the policies sold during the next two financial years, the applicable assured rate of interest, at which the pension payment shall be made, will be reviewed and decided at the beginning of each financial year by Ministry of Finance, Government of India.