Priyanka Poojary
India Post has started a scheme named Gram Suraksha Yojana/ Gram Suraksha Scheme. This scheme is started under the Rural Postal Life Insurance Schemes programme of India Post which provide an insurance cover to the public. Under this scheme an investor can get a return of up to Rs 35 lakhs on depositing Rs 1500 per month. Any Indian national in the age group of 19-55 years is eligible under this scheme. Minimum sum assured under this scheme is Rs 10000 and maximum is Rs 10 lakhs. This insurance programmes allow investors to pay premiums monthly, quarterly, half yearly or annually. This scheme is started for benefitting the general public in the country.
Overview:
| Scheme | Gram Suraksha Yojana |
| Scheme by | India Post |
| Scheme type | Insurance scheme |
| End beneficiaries | Indian nationals in the age group of 19-55 years |
| Benefit | Insurance cover |
| Main objective | To provide an insurance cover and ensure welfare of the general public in the country. |
Objectives and Benefits:
- This scheme aims at providing insurance cover to the general public.
- It intends to imbibe investment habits in the public.
- It will ensure the investors to earn returns with small monthly investments.
- Under this scheme the investor can earn upto Rs 35 lakhs on depositing Rs 1500 per month.
- Any Indian national between the age group of 19-55 years is eligible under the scheme.
- This scheme intends to benefit the general public in the country.
Scheme Details:
- Gram Suraksha Yojana/ Gram Suraksha Scheme is started by India Post for the Indian citizens of the country.
- This scheme is started under the Rural Postal Life Insurance Schemes programme of India Post which provide an insurance cover to the public.
- This scheme is applicable to any Indian national between 19-55 years of age group.
- Under this scheme an investor can get a return of up to Rs 35 lakhs on depositing Rs 1500 per month.
- Minimum sum assured under this scheme is Rs 10000/- and maximum sum assure is Rs 10 lakhs.
- Premium can be paid by the investor monthly, quarterly, half yearly and annually.
- If a 19 year old individual invest in the policy of Rs 10 lakhs the monthly premium for 55 years will be Rs 1515, for 58 years will be Rs 1463 and for 60 years will be Rs 1411 per month.
- On maturity the benefit earned will be Rs 31.60 lakhs for 55 years, Rs 33.40 lakhs for 58 years and 34.60 for 60 years.
- Investor will also be provided a grace period of 30 days in case of emergency under this scheme.
- The sum assured and bonus will be provided to the investor at 80 years of his age/ to the legal heir or nominee in the event of death whichever is earlier.
- Investor can surrender the policy after three years; however, the investor will not get any benefit of this scheme in such a case.
- This scheme intends to provide insurance coverage and benefit the general public in the country.
