Anyone between the age of 19 to 55 years can take this insurance plan. Under this, the minimum sum assured can be invested from Rs 10 thousand to Rs 10 lakh. The facility of making its premium payment monthly, quarterly, half-yearly or yearly was given.
There are many investment options open in the market. The return on investment of many of these schemes is also very attractive. However, some of these also have risks. There are many people who consider safe investment schemes with low returns to be good, as they are low in risk. If you are also looking for investment options on low risk schemes, then this post office scheme can be fit for you. Post Office Gram Suraksha Yojana is one such option in which you can get good returns with less risk.
Under the Gram Suraksha Yojana, the Sum Assured along with the bonus will be given to the nominee on attaining the age of 80 years or in the event of the death of his legal heir, Whichever comes first. In this regard, Senior Superintendent of Posts, Department of Posts, KD Singh said that this scheme is very beneficial for the people investing. A large number of people have invested under this scheme. Its publicity is also being spread so that the benefits of this scheme can reach the people.
Anyone from 19 to 55 can take insurance
Anyone between the age of 19 to 55 years can take this insurance plan. The minimum sum insured that can be invested under this scheme is Rs 10 thousand to Rs 10 lakh. Facility to pay its premium monthly, quarterly, half yearly or annually is given.
Waiver of premium payment
A grace period of 30 days has been given to the customer to pay the premium. In case of default during the policy term, the customer can pay the pending premium to revive the policy.
Loan facility after four years
Loan facility is also given in the insurance plan. Under this, the loan can be availed after four years of policy purchase.
This is the rule to surrender the policy
If the polyholder wishes to surrender the policy, then after three years, this option can be opted. However, in that case you will not get any benefit from it. The biggest highlight of the policy is the bonus offered by India Post.
Benefit of maturity
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 the 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.
