Gram Suraksha Rural Postal Life Insurance Scheme: Deposit Rs. 50 and You will Get Rs. 35 Lakhs
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When emergencies strike, they don’t warn you before striking. Emergencies do not have any concern for whether you are prepared for them or not. But, at the same time, emergencies don’t care whether you can afford the measures needed to prepare for unforeseen situations. Sure, an average Indian household can afford to secure themselves by subscribing to insurance schemes. But what about the households that fall below the poverty line? For this post office brings Gram Suraksha Rural Postal Life Insurance Scheme. This policy not only provides insurance coverage throughout the life of the policyholder but also secures your future by providing good returns on investment. One can invest Rs. 50 and get great benefits of this scheme.
What is Gram Suraksha Rural Postal Life Insurance Scheme?
Post Office Gram Suraksha Scheme is a unique scheme run by the Government of India for rural citizens. This is a whole life assurance policy which provides insurance coverage throughout the life of the policyholder. On the death of the policyholder within the policy term, the nominees of the policy claim the death benefit amount.This plan not only provides life insurance coverage but also secures your future by providing good returns on investment.
How to Invest in Gram Suraksha Rural Postal Life Insurance Scheme?
Investing in Post Office Gram Suraksha Scheme is very easy and safe. This scheme is available only to Indian citizens aged 19 to 59 years. If you invest Rs 50 per day, you can get funds of Rs 35 lakhs at maturity. The policy tenure can range from 10 to 55 years. The policyholder can pay installments on monthly, quarterly, half-yearly or yearly basis. The special feature of this plan is that if the policyholder dies prematurely, the entire sum assured is paid to the nominee.
The minimum sum assured in this scheme is Rs.10,000 and the maximum is Rs. 10 lakhs. According to this plan, if you invest 50 per day, it will be 1500 in a month. Similarly, by investing regularly, you will get a lump sum of 34.40 lakhs by the age of 60. This scheme is an effective way to build a large fund by investing small amounts.
Eligibility Criteria for Gram Suraksha Rural Postal Life Insurance Scheme
- The minimum and maximum age limit to apply for this Scheme is 19 years and 55 years, respectively.
- The Premium Ceasing Age is 55 years/ 58 years/ 60 years.
- The minimum sum assured in this scheme is Rs.10,000 and the maximum is Rs. 10 lakhs.
Application Procedure and Required Documents:
- Aadhar Card
- PAN card
- Address proof
- Income certificate
- Mobile No
- Bank account
- Passport size photo
One can easily apply for the scheme by going to the post office and submitting these documents.
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