The basic pension is designed to provide financial security for individuals who had no access to employment-based income prior to retirement age. BP scheme is a lifelong inflation-indexed pension benefit, fully funded by the Government provided to all Maldivian Citizens who have reached the age of 65, subject to meeting the eligibility criteria of the scheme.
Lifetime pension benefit given to senior citizens as provided in Maldives Pension Act
You are eligible if you meet the following conditions
MVR 2300 - if you are not eligible for any other state funded pension If you are eligible for any other state funded pension, 50% of that particular pension amount will be deducted from Basic Pension (2300).
No. Your pension will be deposited to your bank account