Post Office Life Insurance: Many benefits of a single scheme
The largest population of the country lives in villages. Most of the financially weak people cannot plan for the future. They may not be able to pay premiums for security insurance. Similarly, India Post Office runs an insurance scheme for rural people. Its main objective is to spread awareness among the working class under this scheme for the working class as well as the weaker sections of the rural areas as to why and how much insurance is required for an individual. Rural Post Life Insurance is a policy of 'Rural Satisfaction'. There are many benefits to this scheme. Let us know all about it.
Postal Life Insurance is a life insurance scheme of the Government of India. Gram Santosh is an endowment plan type of Indian Post. The main feature of this scheme is that it provides sum assured up to Rs 10 lakh.
People of any age can take advantage
The Indian Post's Village Satisfaction Policy is available to people between the ages of 19 and 55. You can also take a loan based on the three years of the policy. This facility is available under this scheme. Under this scheme, the proposal is guaranteed to give deposit bonus and assured amount till the pre-determined maturity. The pre-determined maturity ages are up to 35, 40, 45, 50, 55, 58 and 60 years.
What is the amount to join the scheme
In case of death of the insurer, the sum insured along with the accrued bonus is paid in full to the nominee or legal heir. The initial investment in the scheme is Rs 10,000 and the maximum is Rs 10 lakh. The scheme is surrendered after three years.
That's a bonus
But if you surrender the scheme five years ago, you will not get the bonus amount. If the policy is surrendered after 5 years, a proportional bonus is paid on the reduced sum insured. As per the sum insured, a bonus of Rs.48 is available on Rs.1000 per annum.
ગુજરાતીમાં વાંચવા માટે અહી ક્લિક કરો
Post Office Life Insurance is divided into two categories PLI and RPLI. PLI is the oldest government insurance policy. Even if the customer takes a loan against the policy before the completion of five years, he will not get the benefit of the bonus. The policy has the facility to change the nominee.
0 Comments