New Delhi: Investing in today’s times requires careful financial planning. Are you also want to know about investment plan? Undoubtedly, you are looking for a plan that allows you to be safe, secure and get maximum returns. Here is the right destination for your curiosity.
Here you are going to know the details about the post office money back scheme scheme. The name of the policy is Gram Sumangal which is also known as Anticipated Endowment Insurance Scheme. It comes under RPLI i.e. Rural Postal Life Insurance Category. The maximum sum insured for Gram Sumangal Yojana is Rs 10 lakh. ,Also read: Tips & Tricks: Follow This Formula To Get Strong Returns In Mutual Funds,
Under this plan, the insured gets the money back in the form of survival benefit. When the Life Assured dies, the nominee will get the benefit of Sum Assured and Bonus.
Age Range
Minimum age limit is 19 years and maximum age is 40 years.
Policy Term Term
The policy term of this plan is 15 years 20 years.
benefit to the policyholder
If the policyholder pays the premium for 15 years, he gets 20-20 percent of the sum assured in the 6th, 9th and 12th year. On the maturity of the policy, 40% of the Sum Assured and Total Bonus are available together.
How to take advantage of money back
If a person has opted for the policy term for 20 years, then he/she will get 20-20 percent of the Sum Assured in the 8th, 12th and 16th year. On completion of 20 years, 40 percent of the sum assured will be given along with the total bonus. The policy term and premium paying term are same for this plan.
Presently, an annual bonus of Rs 45 per thousand sum assured is issued by India Post. Accordingly, the annual bonus on the sum assured of 1 lakh will be Rs 4500.
Policy term for 20 years
If you buy a policy at the age of 25 years. Buy yourself a sum assured of 10 lakhs. If you keep the policy term for 15 years, the net monthly premium will be Rs 6793. If the policy term is kept for 20 years then the monthly premium will be Rs 5121.
maturity amount
The bonus amount will be Rs 6.75 lakh for the premium term of 15 years. If the premium term is 20 years, the bonus amount will be Rs 9 lakh. Since the sum insured is Rs 10 lakh, the total profit after 15 years will be Rs 16.75 lakh. The total maturity amount after 20 years will be Rs 19 lakh.