Sumangal Gramin Postal Life Insurance Scheme is one such small savings scheme for the people of rural areas.
Anyone can invest in this scheme and secure their future.
Any Indian citizen between the age of 19 years to 45 years can take advantage of this scheme.
New Delhi. The post office runs many types of savings schemes. It has many such schemes which are quite popular. There is no risk of any kind when investing in post office schemes. The services of the post office have been trusted by the whole of India for years. Being backed by the government, its savings schemes are absolutely risk free. Lakhs of people prefer to invest in post office schemes. Investing in this plan is to secure your future as well as prepare yourself for bad times or emergencies.
Even after this, many people avoid saving. The big reason behind avoiding savings is the high premium. But now there are many schemes in which the premium or investment is very low, in which even the rural population can invest money. In this list, Sumangal Rural Postal Life Insurance Scheme is one such small savings scheme for the people of rural areas. Anyone can invest in this scheme and secure their future.
Also read – By depositing only ₹ 50 daily, you will get ₹ 34 lakh on maturity – know what is this scheme of Post Office
Know what is the plan
Let us tell you that any Indian citizen between the age of 19 years to 45 years can take the benefit of Sumangal Gramin Postal Life Insurance Scheme. In this, insurance of Rs 10 lakh is available. On the other hand, if the policyholder dies, his family gets the premium money. This plan has 2 maturity periods. The account holder can choose the maturity period of 15 years or 20 years. Under a 15-year policy, 20-20 percent of the sum assured is available as money back on completion of 6, 9 and 12 years. At the same time, money-back is available on completion of 8, 12 and 16 years in a 20-year policy. The remaining 40 percent comes with maturity bonus.
14 lakh rupees are available on maturity
Let us tell you, in this plan, if a person of 25 years takes a policy of 20 years with a sum assured of Rs 7 lakh, then he will have to pay a premium of Rs 95 every day. It is Rs 2850 in a month and Rs 17,100 in 6 months. You will get your money back but on maturity this amount will increase to Rs 14 lakh. Apart from returning your invested money in this plan, money is also available from time to time.
You can also take money in the middle
With a sum assured of Rs 7 lakh in a 20 year policy, you get 20 per cent of the amount in the 8th, 12th and 16th years as mentioned above. 20 percent of Rs 7 lakh is Rs 1.4 lakh and hence on three payments, the amount becomes Rs 4.2 lakh. After this, in the 20th year, you will get Rs 2.8 lakh, which will complete the sum assured amount. After this you will get a bonus of Rs 48 per thousand annually. In 20 years, this amount will become Rs 6.72 lakh. This means that on maturity you will get a total of Rs 9.52 lakh. That is, the amount received on money back and maturity together will be a total of Rs 13.72 lakh.
This scheme is very beneficial for these people
This scheme is very beneficial for those who need money or need to withdraw cash at any time i.e. within a few years. This is very beneficial for those who are unable to wait for the maturity period to withdraw money. By investing in this post office scheme, you can fulfill your emergency needs.
Tags: business news in hindi, Investment and return, Investment tips, Post Office
FIRST PUBLISHED : November 05, 2022, 12:22 IST