For this policy, Rajesh will have to pay 1332 rupees every month. This amount annually becomes Rs 15,508. If you look at it every day, the savings are around 44 rupees. If you look at the whole account, Rajesh will have to pay Rs 4,55,551 in the entire policy term i.e. for 30 years.
Today we will talk about postal life insurance which is run by the Government of India. The insurance policy runs on behalf of the government, so people have more faith in it. Even if you do not see advertisements about it outside anywhere, but its reach is very far. Especially people from rural areas take full advantage of this insurance. It is very popular in cities too.
It is said about this insurance policy that if the government promotes it some more, then it will leave good companies behind. The reason is that the post office has more than one and a half lakh branches in the whole country. Therefore, this policy can be easily accessible in any corner of the country. Today, even though many companies are selling insurance in the country, from private to government companies like LIC, this work should be done, but postal life insurance is the oldest service in the country. It was started in 1884. It has been working since then.
For jobs and rural people
Initially this policy was only for post office employees but later it was opened to government and semi-government employees, expanding its scope. However, as of today, this policy has started getting almost all jobs and people living in rural areas. Despite all this, the government has limited postal life insurance and has issued a list of who can take it. According to the list, people living in rural areas, professionals, if anyone works in NSE or BSE Listed Company, can take this policy.
What is Santosh policy
This policy is mainly divided into two parts. First, for those who live in rural areas. Second, for those who are employed. Five types of policies are run under Postal Life Insurance, in which the names of Santosh, Suraksha, Couple Suraksha, Bal Jeevan and Sumangal are named. The post office also has a policy for 5 years and it is special that even at 5 years, the bonus rate is found to be the same as in other policies. The bonus rate is also given very well by the post office.
Policy is not for everyone
There is a lot of mention of the Santosh policy in the postal insurance plan. One is an annuity plan in which bonus is given along with the sum assured. This scheme is run by the central government. People who are government or semi-government employees or professionals can take this policy. You can understand this with an example. 30-year-old Rajesh has taken a Santosh policy whose sum is Rs 5 lakh and has taken a policy for 30 years. This policy will be matured when Rajesh is 60 years old.
How much money do you get on maturity
For this policy, Rajesh will have to pay 1332 rupees every month. This amount annually becomes Rs 15,508. If you look at it every day, the savings are around 44 rupees. If you look at the whole account, Rajesh will have to pay Rs 4,55,551 for the entire policy term i.e. for 30 years. After 30 years, the policy will be matured and Rajesh will get Rs 12,80,000.
In this, the sum assured is Rs. 5 lakhs, bonus is Rs. 7,80,000 and in total it becomes Rs. 12,80,000. That is, by paying Rs 1332 every month or Rs 44 every day, Rajesh will get Rs 12,80,000 when he is 60 years old. In this policy, a bonus of 52 rupees per thousand is available. Every year the amount of bonus is declared by the government.
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