Gram Sumangal Rural Postal Life Insurance: The post office bank has come up with a scheme for all those who are looking for an opportunity to earn a big amount of money by investing a small part of their income.
By investing Rs 95 in this scheme daily, you can earn Rs 14 lakh. The post office brings many types of schemes to the customers, in which you can make a big fund in a short time. The name of this scheme is Post Office Scheme, Gram Sumangal Rural Postal Life Insurance. This policy is very beneficial for those people who need money from time to time. So let’s know about this scheme.
For an insurance cover of Rs 7 lakh over 20 years, an individual has to pay a monthly premium of Rs 2,853 per month, which works out to Rs 95 per day.
The scheme is available for two periods — 15 years and 20 years.
What is Gram Sumangal Scheme?
This policy is very beneficial for people who need money from time to time. The Gram Sumangal Yojana offers a maximum sum assured of Rs 10 lakh. If a person is alive even after the maturity of the policy, he also gets the benefit of moneyback. In the case of the death of a person, the nominee is given the sum assured as well as a bonus amount.
Who can avail Gram Sumangal Policy of Post Office?
Post office’s Gram Sumangal Policy can be taken for two tenures. One is 15 years and another 20 years.
The minimum age for availing the Post Office’s Gram Sumangal Policy is 19 years.
The maximum age for availing the 15-year tenure is 45 years and the 20-year policy is 40 years.
Who gets the benefit?
> Any Indian citizen can take advantage of this scheme.
>> The minimum age limit for this policy is 19 years. At the same time, any person up to a maximum of 45 years can buy the policy.
>> The policy can be taken for 15 years or 20 years.
>> Let us tell you that the maximum age limit for taking the policy for 20 years has been fixed at 40 years.
>> In this, the maximum sum assured is available up to Rs 20 lakh.
Gram Sumangal Policy of Post Office – moneyback criteria
If you are buying a 15-year-old tenure Gram Sumangal Policy, you will get 20-20 per cent moneyback on 6 years, 9 years, and 12 years. Remaining 40 per cent of the money, which will include bonus, will be paid to policyholder on the maturity.
If you are buying a 20-year Gram Sumangal policy, you will receive 20-20 per cent of moneyback over completion of 8 years, 12 years and 16 years. The remaining 40 per cent will be paid on maturity with a bonus.
How to get 14 lakh rupees by investing 95 Rupees daily in this post office RPLI scheme?
Suppose a 25-year-old person buys a policy with 7 years sum assured. So his annual premium will come to Rs 32,735. The Half Monthly Premium will come to Rs 16,715 and the quarterly premium will be Rs 8449. In this way, the person will have to pay Rs 2853 every month. That means about Rs 95 will have to be paid every day as a premium. This policy will be for 20 years. You are given Rs 1.4-1.4 lakh as money back in the 8th, 12th, and 16th year at the rate of 20-20 percent. As soon as 20 years are completed.
Talking about bonus, in this scheme, a bonus of Rs 48 per thousand is available every year. The bonus of the sum assured of Rs 7 lakh was Rs 33,600 in a year. For 20 years, this amount became Rs 6.72 lakh. In the 20th year, you will also get the remaining 2.8 lakh rupees. Adding up all the money, you get a total of Rs 19.72 lakh in 20 years.
