Post Office Scheme: People have always been interested in post office schemes in terms of security. Most of the people like to invest their money here. The post office has nothing to do with the stock market, due to which your money is always safe here.
Recently, the post office has launched many schemes under the deposit scheme. In which a person can make a big fund with regular investment of small amount. One such scheme is Gram Sumangal Rural Postal Life Insurance Scheme. If you deposit Rs 95 daily under this scheme, then you can get Rs 14 lakh on its maturity.
Bonus with Sum Assured of 10 lakhs
Sumangal Rural Postal Life Insurance Scheme can prove to be very beneficial for your future. This is an endowment scheme. This scheme provides money back policy to the people living in rural areas. In this plan, you are given money back after some time and apart from this the facility of insurance cover is also given. This Rural Postal Life Insurance Scheme was started in 1995. Under this scheme, different insurance plans are offered to the people. This scheme is very useful for those people who need money from time to time. Under this, there is a sum assured of 10 lakhs, that is, if a policy holder dies, then his family members will be provided with a bonus amount of Rs 10 lakh.
Benefits of money back policy:-
The minimum age should be 19 years to take this policy. The term of this policy is 15 and 20 years. Under a 15-year policy, 20-20% of the sum assured will be given as money back on completion of 6, 9 and 12 years. The remaining 40 percent amount will be received on maturity along with bonus. If we talk about 20 years policy, then 20-20 percent amount will be given as money back on 8, 12 and 16 years and the remaining 40 percent amount will be given with bonus on maturity.
Full account of Rs 14 lakh:-
If a person who attains the age of 25 years takes a policy for 20 years, if the sum assured is 7 lakhs, then he will have to deposit a premium of Rs 2,583 every month. If he calculates for 1 day, then he will have to pay Rs 95. The quarterly premium will be Rs 8,449. The same half yearly premium is Rs 16,715 and annual premium is Rs 32,735. You will be given money back at the rate of 20-20% in 8th, 12th and 16th year under the policy. You will get Rs 2.8 lakh as money back in the 20th year.
The annual bonus per thousand rupees is Rs 48. Accordingly, the full bonus on the sum assured of 7 lakhs will be Rs 33,600. If we look at the bonus of the entire policy, then it comes to Rs 6.72 lakh. This policy offers you a sum assured of Rs 13.72 lakh in 20 years. Under this policy, you have already got a money back of Rs 4.2 lakh while on maturity you are given Rs 9.52 lakh.
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