People in the age group of 19 years to 55 years can take the Gram Santosh policy of Indian Dock. After the completion of three years of the policy, you can also take a loan against it.
A large population of the country lives in villages. Most financially weak people are unable to make any kind of plan for their future. They are not able to pay the premium for protection insurance. Similarly, India Post Office runs an insurance scheme for rural people. Its main objective is to spread awareness among the families of weaker sections of rural areas, as well as working women under this scheme, why and how important insurance is for anyone. Rural Postal Life Insurance is a policy called ‘Gram Santosh’. There are many benefits of this scheme. Let’s know everything about it.
Postal Life Insurance is a life insurance scheme of the Government of India. Gram Santosh is an endowment plan type of India Post. The main feature of this scheme is that it provides sum insured up to 10 lakhs.
ग्रामीण डाक जीवन बीमा – ग्राम संतोष एक एंडॉवमेंट बीमा योजना है। अधिक जानकारी के लिए, देखें: https://t.co/mqteO1jHq9
Rural Postal Life Insurance – Gram Santosh is an Endowment Insurance Scheme. To know more, visit: https://t.co/mqteO1jHq9#InsuranceHoTohPostalHo pic.twitter.com/RQ8hiUiM1B
— India Post (@IndiaPostOffice) August 17, 2021
What age people can take benefits
People in the age group of 19 years to 55 years can take the Gram Santosh policy of Indian Dock. After the completion of three years of the policy, you can also take a loan against it. This facility is available under this scheme. Under this scheme, the proposer is assured to pay the deposit bonus and the sum assured till the pre-determined maturity. The age of maturity can be up to 35, 40, 45, 50, 55, 58 and 60 years as decided earlier.
What is the amount of joining the scheme
In case of death of the insurer, the nominee or the legal heir is paid the sum assured in full along with the accrued bonus. The initial amount of investment in this scheme is Rs 10,000 and the maximum is 10 lakhs. The scheme is surrendered after three years.
So get bonus
But if you surrender the scheme before five years, you will not get the bonus amount. Proportionate bonus on the reduced Sum Assured is paid if the policy is surrendered after 5 years. According to the Sum Assured per annum, a bonus of Rs.48 is available on 1000.
Post office life insurance is divided into two categories PLI and RPLI. PLI is the oldest government insurance policy. If the customer takes a loan against the policy before the completion of five years, even then the benefit of that bonus will not be available. There is a facility to change the nominee in the policy.
