By Admin 
- Gram Suraksha Yojana of Post Office is a medium of rural savings.
- This government insurance policy covers ₹ 10 thousand to ₹ 10 lakh.
- By saving ₹50 per day, a fund of up to ₹35 lakh will be created.
Post Office Scheme: No matter how much the salary or wages are at the end of the month, it is important to save so that in future there is no need to lend a helping hand to anyone in case of need.
However, in this era of inflation, it is not always possible to save while bearing the expenses of various things in everyday life. Keeping this problem in mind, today we are going to tell you about such a scheme of the post office, through which you can create a huge fund of up to Rs 35 lakh by saving only Rs 50 daily. Here we are talking about ‘Gram Suraksha Yojana’, which has been specially designed for the people of rural areas.
What is the specialty of the scheme?
Post Office Gram Suraksha Yojana is a government whole life insurance policy under Rural Postal Life Insurance (RPLI). You can see it as a combination of insurance and long-term savings, which gives good returns on low investment.
Talking about investment limits, this scheme has been designed in such a way that more and more people can take advantage of it. The minimum sum assured has been fixed at only Rs 10,000, making it easy for low-income families to adopt it. At the same time, under this plan, subscribers can choose life insurance cover up to a maximum of Rs 10 lakh, which provides them with good financial security and convenience.
What is the calculation?
The returns received in Post Office Gram Suraksha Yojana completely depend on the government bonus rates. The post office itself adds a bonus of Rs 60 instead of Rs 1000 every year on your chosen sum insured. Suppose you are 19 years old and you have chosen to pay the premium till 60 years, then your total investment period will be 41 years. Since under the scheme, a bonus of Rs 60 is available on the sum assured of Rs 1000, then the bonus received every year on your Rs 10 lakh will be something like this:-
1 Year Bonus (1000000)÷1000)×60= Rs 60000
Total bonus for 41 years – Rs 60000×41= Rs 2,460,000 (Rs 24.60 lakh)
Since it is a Whole Life Insurance plan, on its maturity the money is received as per the following formula:-
(Sum Assured) + 41
Rs 10,000.00 + Rs 2,460,000 = Rs 3,460,000 i.e. total Rs 34.60 (approximately Rs 35 lakh)
How to apply?
Go to your nearest post office and ask for the application form from the counter to apply for Rural Postal Life Insurance (RPLI) or Gram Suraksha Yojana. During this period, do not forget to keep Aadhar Card, PAN Card or Voter ID with you. You can also carry electricity bill or ration card as address proof. Keep 10th mark sheet as age proof (since the age limit is 19 to 55 years). Also carry two password size photographs.
While filling the form, you can choose the sum assured between Rs 10,000 to Rs 10 lakh as per your convenience.
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