Post Office Scheme, How to Earn Money: If you also want to get the best return in investment of less money, then this scheme can prove to be absolutely favorite for you.
Sometimes due to lack of information about the schemes, we are not able to take advantage of them. But today we will tell you about such a scheme in which you can earn a lot of profit by investing. Not only this, this is a plan under which a bonus is also available along with the sum assured on maturity. This policy is special for those people who wish to have a bigger maturity later with less money.
These people can take advantage
However, there is a problem with this policy that not everyone can take advantage of it. However, most people can take advantage of it. Government employees, semi government employees, CAs, management consultants, lawyers and bankers can take this policy. Those who are working in educational institutions recognized by the government can also take the Santosh policy. People working in companies listed on NSE or BSE can also take this policy.
Know about what is this Santosh policy
people of at least 19 years can take this policy. The maximum age limit is 55 years. While taking the policy, it has to be decided at what age to take maturity. If you want, you can take the maturity of the policy at the age of 35, 40, 45, 50, 55, 58 and 60 years. It is a regular premium policy in which the premium has to be paid for the number of years the policy is in place.
The minimum sum assured in this policy is Rs 20,000 and the maximum is Rs 50,00,000. That is, a person can take an insurance of Rs 20,000 to Rs 50 lakh under the Santosh policy. Under this policy, you can pay the premium every month, every three months, six months or once in a year. This policy can be understood with an example.
How to invest
Suppose 30 years old Suresh takes the postal insurance plan Santosh. He has chosen Rs 5,00,000 as sum assured. Suresh wants to get the maturity of the policy when he is 60 years old. Accordingly, the term of his policy will be 30 years because at the age of 30 he has bought a Santosh policy. Accordingly, Suresh will have to pay premium for 30 years. If Suresh opts for the monthly premium payment mode, then he will have to pay Rs 1332 in the first year. If Suresh wants to pay the annual premium, then he will have to pay Rs 15,508.
On maturity, you will get 13 lakhs.
Suresh will pay a total of Rs 4,55,51 as premium in 30 years during his policy. When the policy years are completed, Suresh’s policy will be completed and he will get paid on maturity. As maturity, Suresh will get Rs. 5,00,000 of Sum Assured and Rs. 7,80,000 of Bonus. In this way, they will get a total of Rs 12,80,000. The bonus amount gets added to this policy every year which is paid at the end of maturity.
If Suresh dies during the policy then his nominee will get the sum assured amount of Rs 5 lakh as death benefit. Also, according to the number of years the policy has run, the bonus will be added.
