The post office’s Gramsmangal Regional Postal Life Insurance System is a donation system that provides repayment and insurance coverage to people living in rural areas. There are two types of plans for this scheme.
Another advantage is when investing solely in Rs. You can get 95 rupees per day. 140,000 rupees by the end of the plan. The local postal life insurance system was launched in 1995. Under this system, the post office offers six different insurance systems. One of these is the Gram Sumangal Rural Postal Life Insurance Scheme.
What is the Gramsmangal scheme?
This policy is very beneficial to those who sometimes need money. Gram Sumangal Yojana offers a guarantee of up to 10 rupees. Those who are still alive after the policy expires will also benefit from a refund. If a person dies, the nominated person will be provided with a guarantee and a bonus.
Who can take that policy?
The Sumangal scheme is available for two periods, 15 years and 20 years. The minimum age to take advantage of this policy must be 19 years. Those who choose the 15-year policy should be up to 45 years, and those who choose the 20-year policy should be up to 40 years.
Money back rules
The 15-year policy will generate 20 to 20 percent revenue upon completion of 6, 9, and 12 years. The remaining 40%, including bonuses, will be paid at maturity. Similarly, 20-year insurance receives 20 to 20 percent of the money over a period of 8, 12, and 16 years. The remaining 40% will be offered with a bonus at maturity.
Premium of only 95 rupees per day
If a 25-year-old takes out this insurance for 20 years and the total is 7 rupees, the monthly premium is 2,853 rupees, or about 95 rupees per day. The quarterly premium is 8,449 rupees, the semi-annual premium is 16,715 rupees and the annual premium is 32,735 rupees.
Get 14 rupees
The policy will pay Rs 14,000 to 14,000 at 20 to 20 percent in the 8th, 12th and 16th years. Finally, in the 20th year, a guaranteed rupee of 28,000 will be paid. If the annual bonus per 1000 rupees is 48 rupees, the guaranteed annual bonus of 7 rupees has risen to 33600 rupees. In other words, the bonus for the entire insurance period, or 20 years, was Rs 6.72. In 20 years you will get a total profit of 13.72 rupees. Of this, 4.2 rupees have already been received as a refund and 9.52 rupees will be given at the same time at maturity.
Invest Rs 95 and earn Rs 14 lakh. Method is as follows.
Source link Invest Rs 95 and earn Rs 14 lakh. Method is as follows.