People who want to invest their hard-earned money in financial instruments that yield them a guaranteed good amount after retirement. There are plenty of such instruments which the market is flooded with but one of the most reliable financial schemes seem to be the scheme called “Gram Suraksha”, which is offered by Post Office.
Under the “Gram Suraksha” scheme, the guaranteed amount comes with the bonus & is payable after attaining the age of 80 years or in case the receiver is no more (dead), and then their legal heir or the nominee receives the amount.
Who Can Apply For The Scheme?
Anyone between the age of 19 years & 55 years can apply for the “Gram Suraksha” scheme. The minimum amount assured under this scheme is Rs 10,000 that can go up to Rs 10 lakhs.
The best thing about Gram Suraksha Scheme is that an individual can opt to pay a premium according to their convenience. You have an option to pay monthly, quarterly, half-yearly, or annually & the grace of 30 days is granted to pay premiums. In case of lapse, the customer can pay the pending premiums to restart the policy.
And, the other good thing about this scheme is that it grants customers the option of a loan facility, which can be availed after 4 years of the policy purchase. The India post recently declared a bonus of Rs 65 on every Rs 1,000 assured per year.
How to Earn Rs 35 Lakhs?
If an individual buys the policy of Gram Suraksha of Rs 10 lakhs at the age of 19 years, then the monthly premium for 55 years will be Rs 1,515, for 58 years Rs 1,463 & for 60 years Rs 1,411. In the end, the customer will get the maturity benefit of Rs 31.60 lakhs for 55 years, Rs 33.40 lakhs for 58 years & for 60 years the maturity benefit will be Rs 34.60 lakhs.
