India Post offers various schemes to investors who want low risk, guaranteed returns.
In that respect the Grama Suraksha scheme is very important. In this plan, you only need to save Rs.1500 per month at the rate of Rs.50 per day and you will get Rs.31 lakh to Rs.35 lakh at maturity.
Every Indian citizen between 19 years to 55 years can invest in this scheme. Also, the minimum sum assured under this scheme may be between Rs.10,000 to Rs.10 lakh.
Investors can pay the Post Office Gram Suraksha Scheme premiums monthly, quarterly, half-yearly or annually. Investors will also be allowed a grace period of 30 days to pay the premium.
Investors can avail loan under Post Office Gram Suraksha scheme. Also, you can surrender the policy after 3 years of taking the plan. However, in a surrender scenario, the investors will not get any benefit.
In this scheme, if a 19-year-old investor starts investing in the scheme with a minimum sum assured of Rs 10 lakh, investors will have to pay a premium of Rs 1515 per month to get around Rs 31.60 lakh at the age of 55.
Similarly, to get Rs.33.40 lakh at the age of 58, monthly premium of Rs.1463 will be required. Rs.1411 premium amount to get Rs.34.60 lakh at age 60.
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