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Sumangal Grameen Postal Life Insurance Scheme is 26 years old, this scheme will save 14 lakh rupees for saving 95 rupees

Whenever it is talked about life insurance, often all people refer to LIC, Bajaj Allianz, ICICI Prudential and other insurance companies. But do you know that such a wonderful insurance scheme is being run in the post office, under which it gives very good returns.




The special thing is that this insurance scheme has been in operation since 1995, but till date many people do not know about this scheme. Let us tell you about the benefits of this scheme today. Actually, the name of this post office scheme is Gram Sumangal Gramin Dak Jeevan Bima Yojana (Gram Sumangal Gramin Yojna). It is also called POGSRPLIS in short.

Investment in Gram Sumangal Rural Postal Life Insurance Scheme
If you save 100 rupees for investing in this scheme every day, then this amount is enough for you. It is available for two periods 15 years and 20 years. If you want an insurance cover of Rs 7 lakh in 20 years, then you have to pay a monthly premium of Rs 2,853 per month. That is, a premium of 95 rupees has to be paid daily.

Age limit for purchase of policy

  • One must have a minimum age of 19 years to invest in this scheme.
  • If you want to buy a 15-year policy, then your maximum age should be 45 years.
  • If you want to buy the policy for 20 years, then you must be 40 years old.

Cashback facility

  • Cashback is given in 6, 9 and 12 years under a policy of 5 years duration.
  • If you take a policy for a period of 20 years, then cashback is given at the end of the 8th, 12th and 16th year.
  • If you buy a cover of 7 lakh rupees for 20 years, then you will be given a cashback of 1.4 – 1.4 lakhs on completion of 8, 12 and 16 years.
  • In the 20th year, 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, at the end of the 20th year, the policy holder will be paid 9.54 lakh rupees.

For example, if you buy a cover of Rs 7 lakh for 15 years, then cashback of Rs 1.4 lakh will be given when 6, 9 and 12 years are completed. Similarly, in the 15th year, out of Rs. 7 lakhs, you will be reduced from Rs. 4.2 lakhs to Rs. 2.8 lakhs. Explain that the bonus will be 5.04 lakh rupees. This means that in the 15th year, the policy holder will be paid a total amount of 7.84 lakh rupees.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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