Not only this, in this scheme, on the survival of the policyholder, the benefit of money back is also available, that is, the amount invested is returned.
The post office scheme is considered better in terms of security. For people living in rural areas, Gram Sumangal Post Office Gram Sumangal can be very useful. If you invest Rs 2850 in this every month, you can get Rs 14 lakh. Rural Postal Life Insurance (RPLI) was started in 1995 with the aim of insuring the rural population on behalf of the post office.
RPLI offers 6 types of insurance policies keeping in mind the different needs of the people. Not only this, in this scheme, the benefit of money back is also available on the survival of the policyholder i.e. the return of the amount invested. In Gram Sumangal Yojana, the beneficiary also gets a bonus on maturity. This scheme is available for two tenures. First 15 years and second 20 years. The minimum age for this scheme is 19 years and the maximum is 45 years. Any Indian citizen can take advantage of the scheme.
Benefits of Gram Sumangal
Money back facility is available under Gram Sumangal Rural Postal Life Insurance. In this, the account holder gets a maximum sum assured of Rs 10 lakh. If a person survives till the maturity of the policy, then he gets the benefit of money back. This happens three times. In a 15-year policy, 20-20 percent money back is available on completion of six years, nine years and 12 years. On maturity, the remaining 40 percent of the money including bonus is given.
Those who take a policy of 20 years, they get money back in the form of 20-20 percent on terms of 8 years, 12 years and 16 years. The remaining 40 percent of the money is given on maturity along with bonus. Apart from this, on the death of the policy holder, the nominee is given the sum assured along with the bonus amount.
How much premium will have to be paid
If a person of 25 years takes this policy for 20 years with a sum assured of Rs 7 lakh, then he will have to deposit a premium of Rs 2853 every month. So the annual premium will be Rs 32735. If you want to give it in six months, then it will become Rs 16715 and in three months it will be Rs 8449.
Millions like this
If someone takes this policy for 20 years, then you will get 1.4-1.4 lakh rupees in the 8th, 12th and 16th years at the rate of 20-20 percent. In the 20th year, you will get the benefit of sum assured of Rs 2.8 lakh. In this, annual bonus of Rs 48 per thousand will be added. So the annual bonus will be Rs 33600. The total bonus in the period 20 was Rs 6.72 lakh. If all the amounts are added, then you will get a benefit of about Rs 13.72 lakh.
