Post Office Gram Suraksha Scheme:- Terms and conditions:- Any Indian citizen whose age is between 19 to 55 years can invest in this scheme (Post Office Saving Scheme). The minimum sum assured under the Gram Suraksha Yojana can range from Rs 10,000 to Rs 10 lakh.Â
Investors can pay the premium of this plan monthly, quarterly, half yearly or annually. The customer is given a grace period of 30 days for premium payment. In case of default during the policy term, the customer can pay the pending premium to revive the policy.
Surrender Policy:-
If a customer wishes, he can choose to surrender the policy after 3 years. No benefit will be given to the customer after doing this. The biggest highlight of the policy is the bonus offered by India Post and the last announced bonus was assured of Rs 65 per Rs 1,000 per annum.
Maturity Benefit:-
If a person buys a Gram Suraksha policy for Rs 10 lakh at the age of 19 years, his monthly premium will be Rs 1,515 for 55 years, Rs 1,463 for 58 years and Rs 1,411 for 60 years. In this plan, the policy buyer will get a maturity benefit of Rs 31.60 lakh after 55 years, Rs 33.40 lakh after 58 years and Rs 34.60 lakh after 60 years. If a customer wants to get updated in other details like name of nominee, email id and mobile number then he can get it done by visiting his nearest post office.
loan facility:-
Let us tell you that the insurance plan comes with a loan facility which you can avail after 4 years of buying the policy. The guaranteed amount under this plan comes with a bonus and is payable after attaining the age of 80 years or if the recipient dies then the amount is given to their legal heir or nominee.
