Good returns with less risk can be obtained from Gram Suraksha Yojana.
New Delhi: If you are looking for low risk and high returns in your investment plan, then here is a great plan for you. There are many such investment options in the market in which good profits can be earned without risk. In this new savings scheme of the post office, you can earn more profit with less risk.
Good returns can be obtained with less risk from India Post Gram Suraksha Yojana (Scheme). In this Post Office Gram Suraksha Yojana, the sum insured along with the bonus goes to the legal heir/nominee either at the age of 80 years or in the event of death.
Terms and conditions
Any Indian citizen between the age of 19 to 55 years can open an account for the Post Office Gram Suraksha Yojana. You can invest a minimum of Rs 10,000 to Rs 10 lakh in this scheme. The premium payment of the plan can be done monthly, quarterly, half yearly or annually. The customer is given a grace period of 30 days to pay the premium. In case of default during the policy term, the customer can pay the pending premium to revive the policy.
It is to be noted that the Post Office Gram Suraksha Yojana comes with a loan facility, which can be availed after four years of purchasing the policy. The customer can choose to surrender the policy after 3 years. However, in that case it will be of no use. The biggest highlight of the policy is the bonus offered by India Post and the last declared bonus of Rs 65 per 1,000 per annum.
Profit on maturity
If a person buys a Post Office Gram Suraksha Yojana for 10 lakhs at the age of 19 years, 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 policy buyer will get a maturity benefit of Rs 31.60 lakh for 55 years, Rs 33.40 lakh for 58 years. The maturity benefit for 60 years will be Rs 34.60 lakh.
In case of any doubt in the name of the nominee or other details such as email id and mobile number, the customer can contact the nearest post office. Customers can also contact the given toll-free helpline 1800 180 5232/155232 or the official website www.postallifeinsurance.gov.in for redressal of queries.