Post Office Good Savings Scheme: Depositing money in post office scheme is considered the safest nowadays. The post office also operates several savings schemes, which are completely safe and guaranteed to get your money back. Investing a fixed amount in Post Office Savings Schemes offers more benefits. One of the many post office schemes is the Gramin Sumangal Dak Yojana. Under this scheme, on a daily investment of Rs 95, Rs 1.4-1.4 lakh will be paid at the rate of 20 percent in the 8th, 12th and 16th years of this policy. Let’s know about this post office scheme and how investors will benefit. Gramin Sumangal has two types of schemes. The first scheme is Postal Life Insurance and the second is Rural Postal Life Insurance.
This scheme is for the benefit of the villagers
Grameen Sumangal Yojana has been brought in keeping in mind the people living in villages. Gramin Sumangal Yojana was started in the year 1995. The objective of the scheme is to provide insurance cover to the people of the village in general. Along with this, the scheme is more beneficial for those who are weaker sections of rural areas or women workers. Grameen Sumangal Yojana also works to spread insurance awareness among the village people. Post Office Good Savings Scheme, 95 by paying Rs. Get 14 lakhs
Grameen Sumangal Yojana is a money back policy
Grameen Sumangal Yojana is a money back policy. This scheme can prove good for villagers who want to get their money back over time. Under the Gramin Sumangal scheme, bonus benefits are paid to the insurer from time to time. Bonus is not paid if the insured dies unexpectedly. In case of death of the investor, the full amount is paid to the nominee. Post Office Good Savings Scheme, 95 by paying Rs. Get 14 lakhs
These are special matters for the policy
The policy tenure for Post Office Rural Sumangal Postal Life Insurance Scheme is 15 years and 20 years and the minimum age for this scheme is fixed at 19 years. The maximum age at entry for taking a 20 year term policy is 40 years. Apart from this, the maximum age for taking a 15 year term policy is 45 years. For a 15 year policy, there is 20% payout on completion of 6 years, 9 years and 12 years and 40% with accrued bonus on maturity. Similarly for a 20 year policy the payout is 20% each on completion of 8 years, 12 years and 16 years and 40% with accrued bonus on maturity. Post Office Good Savings Scheme, 95 by paying Rs. Get 14 lakhs
A premium of Rs 95 per month has to be paid
In the Gramin Sumangal Yojana, if a 25-year-old takes this policy for 20 years with a sum assured of Rs 7 lakh, he will have to pay a premium of Rs 2853 per month, or about Rs 95 per day. The quarterly premium of which will be Rs 8449, semi-annual premium Rs 16715 and annual premium Rs 32735. Post Office Good Savings Scheme
14 lakhs on maturity of the policy
1.4- 1.4 lakhs will be paid on 95% daily investment in the 8th, 12th and 16th years of this policy. In the 20th year, Rs 2.8 lakh will also be available as sum assured money. Rs. 4.2 lakh as advance money back and on maturity Rs. 9.52 lakh will be given together. Post Office Good Savings Scheme
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