Post Office Scheme: Any person in the age group of 19 to 45 years can take advantage of the Sumangal Gramin Postal Life Insurance Scheme. Insurance up to Rs 10 lakh is also available in this scheme.
Sumangal Rural Postal Life Insurance: If you want to get good returns by investing less money. So you can get better returns by investing Rs 95 every day in Post Office Saving Schemes. Because everyone wants to secure their future financially. That’s why people invest in different types of Saving Schemes . Post office also runs many types of saving schemes. Crores of people of the country have invested in post office schemes. Because it is believed that the amount invested in it remains safe.
There are many popular post office schemes, one of them is Sumangal Rural Postal Life Insurance Scheme . This scheme is specially designed for rural areas. Anyone in the age group of 19 to 45 years can take advantage of Sumangal Gramin Dak Jeevan Bima Yojana. Insurance up to Rs 10 lakh is also available in this scheme. There are two maturity periods in this scheme. The policyholder can choose the maturity period of 15 years or 20 years.
Money back facility will be available
If you invest in this scheme for 15 years. So under the maturity period of 15 years, 20-20 percent of the sum assured will be received as money back on completion of 6,9 and 12 years. On the other hand, if you invest for 20 years, then on maturity of 20 years, the insured person gets money back on completion of 8, 12, 16 years. The remaining 40 percent amount is available with bonus on maturity.
If a 25-year-old person takes a 20-year policy with a sum assured of Rs 7 lakh, he will have to pay a premium of Rs 95 per day. It will have to pay Rs 2850 in one month and Rs 17,100 in 6 months. After 20 years, this amount will become Rs 14 lakh on maturity.
This is how you will get 14 lakh rupees
With a sum assured of Rs 7 lakh in a 20-year policy, 20% of the sum assured is available as cashback in the 8th, 12th and 16th years. 20% of Rs 7 lakh is Rs 1.4 lakh. After paying three times, it will be a total of Rs 4.2 lakh. After this, in the 20th year, you will get Rs 2.8 lakh. With this, the time assured amount will be completed. After this, you will get a bonus of Rs 48 per thousand annually. In 20 years, this amount will become Rs 6.72 lakh. In this way, you will get a total of Rs 9.52 lakh on maturity. The amount received on money back and maturity together will be Rs 13.72 lakh.