Just deposit Rs 1500 every month and will get Rs 35 lakh directly for people above 19 years

In this era of inflation, it has become very difficult for the common man to save. But even today, the post office runs many such schemes, through which even low income earners can make a big amount by saving small amounts. Today we are going to tell you about a similar scheme of post office in which you have to deposit 1500 rupees every month. After that, when the policy matures, you will get the full Rs 35 lakh.

This is the post office scheme

The 'Gram Suraksha Yojana' offered by India Post is one such option in which you can get good returns with low risk. Under the Gram Suraksha Yojana, the sum assured along with bonus is given to the nominee on attaining the age of 80 years or in the event of death, his legal heir, whichever is earlier. That is, the policy holder will get this amount on completion of 80 years of age. If the policy holder dies before the age of 80 years, then this amount will be given to his nominee.

Here are the terms and conditions of the policy-

To take this policy, the age of the person should be minimum 19 years and maximum 55 years. Candidate must be Indian for this policy. Whereas the minimum sum insured under this scheme can be invested from Rs 10,000 to Rs 10 lakh. The premium payment of this 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. Along with this, a loan facility is also available in this insurance plan, which can be availed after four years of buying the policy.

There is also an option to surrender the policy

Apart from this, customers can also surrender this policy, for this the option of surrendering the policy after 3 years is open. However, in that case you will not get any benefit with it. The biggest highlight of the policy is the bonus offered by India Post and the last announced bonus was assured of Rs 65 per Rs 1,000 per annum.

Here are the maturity benefits

If a person buys a Gram Suraksha policy of 10 lakhs at the age of 19 years. So 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.

This is how post office scheme information will be available

In case of any update in the name or other details like email id and mobile number of the nominee, if any person wants to take this policy, the customer can contact the nearest post office for the same. For other information, customers can get complete information by visiting the given toll-free helpline 1800 180 5232/155232 or the official website i.e. www.postallifeinsurance.gov.in.