Post Office: Invest only 50 rupees in this post office scheme and get 35 lakh rupees

Post Office: There was a time in India when people mostly invested in land or gold because the only reason behind it was safe investment. However, now there are many options available in the market for safe investment. Of these, the Post Office Village Security Scheme (Post Office Gram Suraksha Yojana) is an option that
 | 

Post Office: Invest only 50 rupees in this post office scheme and get 35 lakh rupees


Post Office: There was a time in India when people mostly invested in land or gold because the only reason behind it was safe investment.

However, now there are many options available in the market for safe investment. Of these, the Post Office Village Security Scheme (Post Office Gram Suraksha Yojana) is an option that can give good returns with low risk.

Post Office: The post office provides the option to switch from a whole life insurance policy to an endowment insurance policy after five years of taking the Gram Suraksha policy. According to this, the policyholder can get maximum benefit by paying less premium till the age of 55, 58 or 60 years. The sum insured under this scheme is Rs. 10,000 to Rs. up to 10 lakhs.

Post Office: How to invest in Gram Suraksha Yojana

In Post Office Gram Suraksha Yojana, premiums have to be paid on monthly, quarterly, half yearly and yearly basis. If you default on the policy at any point of time, you can revive the discontinued policy by paying the premium.

Customers are given 30 days to waive the premium. Bonus amount is also ensured under Gram Suraksha Yojana. This amount is paid to the nominee on the age of 80 years or on death.

If investors want, they can close the policy after 3 years but they will not get any benefit.

Eligibility, Features and Benefits of Post Office Gram Suraksha Yojana

Let us see the salient features, benefits and eligibility of India Post Gram Suraksha Yojana. The minimum and maximum age at the time of admission is 19 to 55 years. Minimum Sum Assured Rs. 10,000 and maximum Rs. 10 lakh after four years, the policyholder can surrender the loan facility after three years.

If you surrender before 5 years, you are not eligible for Post Office Gram Suraksha Yojana. The bonus policy can be converted into an endowment insurance policy till the insured attains the age of 59 years. Unless the conversion date coincides with the end of premium payment or maturity date of the policy by more than one year. The premium paying age can be selected as 55, 58 or 60 years.

In case of surrender of the Gram Suraksha policy, a proportionate bonus is paid on the reduced Sum Assured. Last declared bonus- Rs. 60 per Rs. 1000 per annum is the sum assured.

what’s the use

If an investor buys a Gram Suraksha policy for Rs 10 lakh at the age of 19, he will have to pay a monthly premium of Rs 1,515 till the age of 55, Rs 1,463 at the age of 58 and Rs 1,411 at the age of 60. ,

The policyholder will get Rs 31.60 lakh at the age of 55 years, Rs 33.40 lakh at the age of 58 and Rs 34.60 lakh at the age of 60 years. That is, if you invest Rs 47 per day in this Post Office Gram Suraksha Yojana, then you can get a benefit of 35 lakhs.

The special feature of this Gram Suraksha Yojana is that you can also take a loan on your investment for 4 years. Apart from this, the post office also provides bonus to the investors. If you look at last year’s bonus, for Rs 1,000 you got a bonus of Rs 65.