Post Office Scheme: Like the life insurance company, there are many life insurance schemes in the post office, in which consumers get better returns on depositing a certain amount every day or every month, there is one such scheme in which 95% Guaranteed Rs 14 lakh will be available within a given time period on depositing Rs.
Post Office Scheme: Like the life insurance company, there are many life insurance plans in the post office in which consumers get better returns by depositing a certain amount every day or every month,
There is such a scheme, in which depositing Rs 95 will get a guaranteed Rs 14 lakh within a specified time period. The name of this scheme is Gram Sumangal Rural Postal Life Insurance Scheme. This is a great post office scheme.
You can also invest in ‘Gram Sumangal Rural Postal Life Insurance Scheme’ of the post office . It is an endowment scheme, which provides money back as well as insurance cover to the people living in rural areas.
Another advantage of this scheme is that if you deposit only Rs 95 in it every day, then you can get Rs 14 lakh till the end of the scheme.
Money will be available from time to time
This policy is more beneficial for those people who keep needing money from time to time. Money back insurance policy Gram Sumangal Yojana offers a maximum sum assured of Rs 10 lakh. After taking the policy, if the person does not die during the policy term, then he also gets the benefit of returns.
These can be taken
Policy The Sumangal scheme is available for 2 tenures, these include 15 years and 20 years. The minimum age for this policy should be 19 years, while maximum 45 years person can take this scheme for a period of 15 years. A maximum of 40 years old person can take this policy for 20 years.
This is the rule of money back, in a
15-year policy, 20-20% money back is available on completion of 6 years, 9 years and 12 years. At the same time, the remaining 40% money will be given along with bonus on maturity. Similarly, in a 20-year policy, 20-20% of the money is paid on the terms of 8 years, 12 years and 16 years, the remaining 40% will be paid on maturity along with bonus.
You will get Rs 14 lakh like this
Rs 1.4-1.4 lakh will be paid in the policy at the rate of 20-20% in the 8th, 12th and 16th years of the policy on deposit of Rs 95 per day. Finally, in the 20th year, Rs 2.8 lakh will also be available as Sum Assured.
When the annual bonus per thousand is Rs 48, the annual bonus on the sum assured of Rs 7 lakh is Rs 33600, i.e. for the entire policy term i.e. 20 years, the bonus is Rs 6.72 lakh. There will be a total profit of Rs 13.72 lakh in 20 years. Out of this, Rs 4.2 lakh will already be available as money back and Rs 9.52 lakh will be given together on maturity.
