Any Indian citizen between the age of 19 to 55 years can take this scheme. Under this scheme, customers can invest a minimum of Rs 10,000 to Rs 10 lakh.
New Delhi. There are many such options in the investment market, in which good profits can be made without risk. However, if you want more profit then you have to take more risk. Many investors prefer less profitable but safe investment schemes. If you are also looking for low-risk profits or investment options, then we are telling you about the special plans of the post office. In this you can earn more profit with less risk.
Indian Post’s Gram Suraksha Yojana is one such option, in which good returns can be achieved with low risk. Under the Gram Suraksha Yojana, the sum assured along with the bonus goes to the legal heir/nominee either at the age of 80 years or in the event of death.
What are the Terms and Conditions?
Any Indian citizen between the age of 19 to 55 years can take the Gram Suraksha Yojana. Under this scheme, you can invest at least Rs 10,000 to Rs 10 lakh. The premium payment of the plan can be made monthly, quarterly, half-yearly or annually. The customer is given a grace period of 30 days to pay the premium. In case of default during the policy term, the customer can pay the pending premium to revive the policy.
Is the loan also available?
The Gram Suraksha Bima Yojana comes with a loan facility, which can be availed after four years of purchasing the policy. The customer can choose to surrender the policy after 3 years. However, in that case there will be no benefit with it. The biggest highlight of the policy is the bonus offered by India Post and the last declared bonus assured of Rs 65 per 1,000 per annum.
Benefit on maturity?
If one buys Gram Suraksha Bima Yojana for 10 lakhs at the age of 19 years, then the monthly premium for 55 years will be Rs 1,515, for 58 years Rs 1,463 and for 60 years Rs 1,411. The policy buyer will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years. The maturity benefit for 60 years will be Rs 34.60 lakh.
Where to get information?
In case of any update in the nominee’s name or other details such as email id and mobile number, the customer can contact the nearest post office. Customers can also contact the given toll-free helpline 1800 180 5232/155232 or the official website www.postallifeinsurance.gov.in for resolution.
