First the announcement, then the cabinet approval and finally a mention in the Budget speech; The Varishtha Pension Bima Yojana 2017 will be spoken about as a wonderful financial solution for senior citizens. It may also make several people get a wrong sense of security and safety. But, finally, it is a product and not a solution for the financial uncertainty and worries of the senior citizens. A similar scheme was launched by the then NDA government in 2003, which was open to people over 55 years old with a monthly 9 per cent returns. Fourteen years later, it is old wine in new bottle.