Post Office Scheme Gram Sumangal Rural Postal Life Insurance. This policy is very beneficial for those people who need money from time to time.
New Delhi. If you also want to make big amount through small earnings, then the post office is giving you a special opportunity. By investing Rs 95 in this scheme daily, you can earn Rs 14 lakh. The post office brings many types of schemes to the customers, in which you can make a big fund in a short time. The name of this scheme is Post Office Scheme, Gram Sumangal Rural Postal Life Insurance. This policy is very beneficial for those people who need money from time to time. So let’s know about this scheme-
Know what is the post office plan?
This is an endowment plan of the Post Office, in which you are given money back as well as lump sum money on maturity. Rural Postal Life Insurance Scheme was started by the Government of India in 1995. Under this also comes the Gram Sumangal Scheme. Five more insurance schemes have been offered under this.
Let us tell you that the Gram Sumangal scheme is for 15 and 20 years. In this, money back is available three times before maturity. Gram Sumangal Yojana provides a maximum amount of Rs.10 lakhs. If a person is still alive after the maturity of the policy, then he also gets the benefit of money back. In case of death of an individual, the policy holders are given the Sum Assured as well as the Bonus Sum Assured.
Who gets the benefit?
>> Any Indian citizen can take advantage of this scheme.
>> The minimum age limit for this policy is 19 years. At the same time, any person up to a maximum of 45 years can buy the policy.
>> The policy can be taken for 15 years or 20 years.
>> Let us tell you that the maximum age limit for taking the policy for 20 years has been fixed at 40 years.
>> In this, the maximum sum assured is available up to Rs 20 lakh.
How to get 14 lakh rupees?
Suppose a 25 year old person buys a policy with 7 years sum assured. So his annual premium will come to Rs 32,735. The quarterly premium will come to Rs 16,715 and the quarterly premium will be Rs 8449. In this way, the person will have to pay Rs 2853 every month. That means about Rs 95 will have to be paid every day as premium. This policy will be for 20 years. You are given Rs 1.4-1.4 lakh as money back in 8th, 12th and 16th year at the rate of 20-20 percent. As soon as 20 years are completed.
Talking about bonus, in this scheme, a bonus of Rs 48 per thousand is available every year. The bonus of the sum assured of Rs 7 lakh was Rs 33,600 in a year. For 20 years, this amount became Rs 6.72 lakh. In the 20th year, you will also get the remaining 2.8 lakh rupees. Adding up all the money, you get a total of Rs 19.72 lakh in 20 years.
