Post Office Scheme: There are investment options in the financial market in which the returns are also very good. However, some of these also involve risk. If you are also looking for low-risk returns or investment options, then this post office scheme can come in handy for you. This Gram Suraksha Yojana offered by Indian Post is one such option in which you can get good returns with low risk. Guaranteed returns are available in this scheme of the Government of India.
These benefits are available on this government scheme
If one buys a Gram Suraksha policy for 10 lakhs at the age of 19 years, the monthly premium will be Rs 1,515 for 55 years, Rs 1,463 for 58 years and Rs 1,411 for 60 years. The policy buyer will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years. The maturity benefit for 60 years will be Rs 34.60 lakh.
Full information will be found here
In case of any update in the nominee’s name or other details like email id and mobile number, the customer can approach the nearest post office for the same. For other queries, customers can contact the given toll-free helpline 1800 180 5232/155232 or for resolution on the official website i.e. www.postallifeinsurance.gov.in.
Here are the Terms and Conditions
Any Indian citizen between the age of 19 to 55 years can take this insurance scheme. The minimum sum assured one can invest under this scheme is Rs 10,000 to Rs 10 lakh. The premium payment of this plan can be done monthly, quarterly, half-yearly or annually. The customer is given a grace period of 30 days to pay the premium. In case of default during the policy term, the customer can pay the pending premiums to revive the policy.
get loan
The insurance plan comes with a loan facility which can be availed after four years of policy purchase.
can surrender policy
Customers can choose to surrender the policy after 3 years. However, in that case you will not get any benefit with it. The biggest highlight of the policy is the bonus offered by India Post and the last announced bonus was assured of Rs 65 per 1,000 per annum.
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