Whenever it is talked about life insurance coverage, typically all individuals consult with LIC, Bajaj (*26*), ICICI Prudential and different insurance coverage corporations. But are you aware that such an exquisite insurance coverage scheme is being run within the put up workplace, beneath which it offers superb returns.
The particular factor is that this insurance coverage scheme has been in operation since 1995, however until date many individuals have no idea about this scheme. Let us inform you about the advantages of this scheme immediately. Actually, the identify of this put up workplace scheme is Gram Sumangal Gramin Dak Jeevan Bima Yojana (Gram Sumangal Gramin Yojna). It is additionally known as POGSRPLIS briefly.
Investment in Gram Sumangal Rural Postal Life Insurance Scheme
If you save 100 rupees for investing in this scheme day-after-day, then this quantity is sufficient for you. It is out there for two intervals 15 years and 20 years. If you need an insurance coverage cowl of Rs 7 lakh in 20 years, then it’s important to pay a month-to-month premium of Rs 2,853 per 30 days. That is, a premium of 95 rupees must be paid each day.
Age restrict for buy of coverage
- One will need to have a minimal age of 19 years to put money into this scheme.
- If you wish to purchase a 15-year coverage, then your most age ought to be 45 years.
- If you wish to purchase the coverage for 20 years, then you definately have to be 40 years outdated.
- Cashback is given in 6, 9 and 12 years beneath a coverage of 5 years period.
- If you are taking a coverage for a interval of 20 years, then cashback is given on the finish of the eighth, twelfth and sixteenth yr.
- If you purchase a canopy of seven lakh rupees for 20 years, then you definately will be given a cashback of 1.4 – 1.4 lakhs on completion of 8, 12 and 16 years.
- In the twentieth yr, out of Rs 7 lakh, you will be given 4.2 lakh rupees, 2.8 lakh rupees.
- 6.74 lakh rupees are given as a bonus.
- That is, on the finish of the twentieth yr, the coverage holder will be paid 9.54 lakh rupees.
For instance, should you purchase a canopy of Rs 7 lakh for 15 years, then cashback of Rs 1.4 lakh will be given when 6, 9 and 12 years are accomplished. Similarly, within the fifteenth yr, out of Rs. 7 lakhs, you will be lowered from Rs. 4.2 lakhs to Rs. 2.8 lakhs. Explain that the bonus will be 5.04 lakh rupees. This signifies that within the fifteenth yr, the coverage holder will be paid a complete quantity of seven.84 lakh rupees.