November 30, 2022

Post Office Best Insurance Policy Village Satisfaction Check Eligibility Maturity and Life Insurance | This post office scheme offers robust returns, along with guaranteed security

An insurance plan can be taken from Rs 10,000 to Rs 10,00,000 in Gram Santosh Policy. The policy premium can be paid on monthly, quarterly, half-yearly and yearly basis. Individuals between 19 years to 55 years can take this policy. The policy tenure ranges from 5 years to 41 years.

Post Office Gram Santosh Scheme offers the best returns

There are many post office schemes where you can get strong returns even by investing less money. Along with returns you also get full security guarantee. There is a scheme called Rural Postal Life Insurance which is known as satisfaction. In this scheme, a monthly deposit of Rs 261 is required, while a maturity of Rs 2.44 lakh is available. In addition to this, there is also a guarantee of safety. This is the plan village satisfaction Also known as this is a plan that offers a guaranteed amount on maturity along with a bonus. this is Government projects So there is complete security of the deposited money.

People living in rural areas can take this policy. To avail this policy, your residential certificate address must be in a rural area. Individuals between 19 years to 55 years can take this policy. The policy tenure ranges from 5 years to 41 years. What the policy tenure will be for you will depend on your age at the time of taking the policy. Now know about our premium payment term. For as many years as your policy, Gram Santhosh policy premium is payable for that year.

How many insurance plans?

An insurance plan can be taken from Rs 10,000 to Rs 10,00,000 in Gram Santosh Policy. The policy premium can be paid on monthly, quarterly, half-yearly and yearly basis. Let’s understand the benefits of maturity with an example. Rohit, 30 years old, has taken a Gram Santosh policy for Rs 1,00,000. Rohit wants to get a maturity amount of Rs.1,00,000 at the age of 60 Thus Rohit has planned for a policy tenure of 30 years.

Understand from this example

Rohit has to pay premium for 30 years. If Rohit opts for monthly premium, he will have to deposit Rs 267 per month. Thus Rohit will pay Rs 94,020 as premium over 30 years. When Rohit’s policy turns 30, he will get Rs 1,00,000 as sum assured and Rs 1,44,000 as bonus. Thus Rohit will get a total maturity amount of Rs.2,44,000 after 30 years Here we see that Rohit has deposited Rs 267 per month, but after 30 years he has matured around Rs 2.5 lakh.

Life insurance benefits

Death benefit is also available in this policy. If something untoward happens to Rohit during the policy and he is not with his family, the nominee will get the insurance benefits under the Gram Santhosh policy. No matter how many years after taking the policy, the policyholder dies, his nominee is guaranteed to get Rs.1 lakh. You will also get bonus. The amount of bonus will depend on the number of years the policy is in force.

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English News Headlines: Post Office Best Insurance Policy Village Satisfaction Check Eligibility Maturity and Life Insurance

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