Post Office Scheme ૯૫ Deposit and get Rs 14 lakh
The post office has several insurance policies, one of which is the Gram Sumangal Gramin Dak Jeevan Bima Yojana. It is an endowment scheme, which provides insurance cover with moneyback to people living in rural areas. There are two types of schemes under this scheme.
Another advantage of this scheme is that if you invest just Rs 95 per day in it, you can get Rs 14 lakh by the end of the plan. The Rural Postal Life Insurance Scheme was launched in 1995. The post office offers 6 different insurance schemes under this scheme. One of them is village Sumangal.
What is Village Sumangal Scheme
This policy is very beneficial for those who need money from time to time. Money back insurance policy Gram Sumangal Yojana provides a maximum amount of Rs 10 lakhs. If a person does not die during the policy period after taking the policy, he also gets the benefit of refund. The nominee is given a sum assured along with a bonus amount on the death of the person.
Who can take the policy
The Policy Sumangal Scheme is available for two periods. It consists of 15 years and 20 years. The minimum age for this policy should be 19 years. Maximum 45 years can be availed of this scheme for a period of 15 years. This policy can be taken by a person of maximum 40 years for 20 years.
Money back rules
The 15-year policy gives 20-20% money back on completion of 6 years, 9 years and 12 years. At the same time, the remaining 40 percent will be paid at maturity along with the bonus. Similarly, a 20-year policy earns 20–20 per cent over a period of 8 years, 12 years and 16 years. The remaining 40 percent will be paid at maturity along with the bonus.
Daily premium of only Rs 95
Talking about the premium, if a 25-year-old takes this policy for 20 years with an amount of Rs 7 lakh, then he will get a premium of Rs 2,853 per month, which is about Rs 95 per day. The quarterly premium would be Rs 8449, the half-yearly premium would be Rs 16715 and the annual premium would be Rs 32735.
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In this way you will get 14 lakh rupees
1.4-1.4 lakhs will be paid at the rate of 20-20% in the 8th, 12th and 16th year of the policy. Finally, in the 20th year, Rs 2.8 lakh will also be received as an insured amount. While the annual bonus is Rs 48 per thousand, the annual bonus of the sum insured is Rs 7 lakh to Rs 33,600. That is, in the entire policy term i.e. 20 years, the bonus was Rs 6.72 lakh. The total profit in 20 years will be Rs 13.72 lakh. Of this, Rs 4.2 lakh will be given as money back and Rs 9.52 lakh on maturity.