Today we are sharing with you about one such investment plan of post office. This is the most profitable investment plan of Post Office.
In this scheme, you have to invest only Rs 170 and on maturity you can get a fund of Rs 19 lakh. If you have not got this policy done then you can still do it. Let us know about this scheme.
The benefit of money back is available in the policy
This post office scheme is for the people living in rural areas. Its name is ‘Gram Sumangal Rural Postal Life Insurance Scheme’. In this scheme, you can save Rs 170 per day and get up to Rs 19 lakh. In this scheme, on the survival of the policy holder (Post Office Life Insurance Scheme), the benefit of money back is also available, that is, the amount you invested will be fully refunded.
Age limit for taking policy
In Gram Sumangal Yojana, the policyholder also gets bonus on maturity. This scheme can be taken for 15 years and 20 years. The age limit for taking the policy of Gram Sumangal Yojana is from 19 years to 45 years. The special thing is that any Indian citizen can take advantage of this.
Premium for 20 years will be Rs 5121
Let us try to understand the Gram Sumangal scheme with an example. Let’s say you are 25 years old. You buy a sum assured of 10 lakhs for yourself. If he keeps the policy term for 15 years, then the net monthly premium will be Rs 6793. If the policy term is kept for 20 years then the monthly premium will be Rs 5121 i.e. Rs 170 per day.
Benefit of money back after 20 years
Those who take a policy of 20 years, they get money back at the rate of 20-20% on the terms of 8 years, 12 years and 16 years. The remaining 40 percent of the money is given on maturity along with the bonus. On the death of the policy holder, the nominee is given the sum assured along with the bonus amount.
Will get 19 lakhs
Talking about the bonus benefit, the bonus amount for the premium term of 15 years will be Rs 15X4500X10 = 6.75 lakhs. If the premium term is 20 years, then the bonus amount will be 20X4500X10 = Rs.9 lakh. Since the sum assured is Rs 10 lakh, the total benefit after 15 years will be Rs 16.75 lakh. After 20 years, the total maturity amount will be Rs 19 lakh.
