In the Gram Sumangal Rural Postal Life Insurance scheme of the post office, there is a sum assured of Rs 10 lakh. That is, if the policyholder dies, his family will get Rs 10 lakh plus bonus amount.
Post Office: Even today a large section of the country trusts a lot on the Post Office Scheme. The post office runs various schemes for its customers. There are many such small saving schemes for the common people in the post office. In which you can get great returns. One such post office has Sumangal Rural Postal Life Insurance Scheme. If you deposit Rs 95 daily under this scheme. Then on its maturity you can get Rs 14 lakh.
This scheme has been specially designed keeping in mind the people of rural areas. Along with this scheme, the benefit of Money Back Scheme is also available on the survival of the insured. Money bank means that whoever has invested will get all the money back. Insurance cover is also available.
Get bonus
Sumangal Rural Postal Life Insurance Scheme insurance scheme can meet your financial needs. It is an endowment scheme. It was started in the year 1995. Six different insurance plans are offered under this scheme. This scheme is very good for those people. Those who need money from time to time. Under this, there is a sum assured of Rs 10 lakh. That is, if the policy holder dies, his family will get Rs 10 lakh plus bonus amount.
Know the benefits
This policy has a tenure of 15 and 20 years. You must be at least 19 years of age to take the policy. Under a 15-year policy, 20-20 per cent of the sum assured will be given as money-back on completion of six, nine and 12 years. The remaining 40 percent amount will be received on maturity along with bonus. Similarly, under a 20-year policy, 20-20 percent of the amount will be available as money back at eight, 12 and 16 years. The remaining 40 percent amount will be available with bonus on maturity.
Installment will have to be paid
If a person has taken this policy for 20 years with a sum insured of 7 lakhs at the age of 25 years. Then in such a situation, Rs 95 per day i.e. Rs 2850 per month will have to be paid in the form of installment. On paying installments for three months, you will have to pay Rs 8,850 and for 6 months you will have to pay Rs 17,100. After this, you will get around Rs 14 lakh on maturity.
