If you're looking for a low-risk, high-return investment strategy, there's one great option for you. There are numerous investment opportunities available on the market where good earnings can be produced without risk. You may make more money with less risk in this new Post Office saving scheme.
Gram Suraksha Yojana is a low-risk investment opportunity offered by Indian Post. The sum assured, along with the bonus, is paid to the legal heir/nominee at the age of 80, or in the event of death, in this Post Office Gram Suraksha Yojana.
Post Office Gram Suraksha Yojana: Characteristics and conditions
• Anyone in India between the ages of 19 and 55 can open a Post Office Gram Suraksha Yojana account.
• You can invest between Rs.10,000 and Rs.10 lakh in this scheme.
• Monthly, quarterly, half-yearly, or annual premium payments are available for the plan.
• A 30-day grace period is granted to the customer to pay the premium.
• In the situation of a policy default during the policy term, the customer can revive the insurance by paying the pending premium.
Availability of Loan:
It's worth noting that the Post Office Gram Suraksha Yojana has a loan option that can be used after four years of insurance ownership. After three years, the customer might choose to cancel the plan. However, there will be no gain in that situation. The bonus granted by India Post, with the most recent proclaimed bonus assured of Rs.65 per 1,000 per annum, is the policy's most notable feature.
Benefits of Post Office Gram Suraksha Yojana
If a 19-year-old buys a Post Office Gram Suraksha Yojana for ten lakhs, 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 maturity benefit for 55-year insurance is Rs.31.60 lakh, while for a 58-year policy, it is Rs.33.40 lakh. The 60-year maturity benefit will be Rs.34.60 lakh.
The customer can call the nearest post office if he or she has any doubts about the nominee's name or other details such as email address or phone number. Customers can also get answers to their questions by calling the toll-free number 1800 180 5232/155232 or visiting the official website www.postallifeinsurance.gov.in.
