Post office
If you are looking for a safe investment without any risk, the Gram Saraksha Yojana of the Indian Postal Department can be a great option for you. This scheme has been especially prepared for those who want to create a big fund for long periods in low income. The biggest feature of this scheme is that a fund of about ₹ 35 lakh can be obtained at maturity at an investment of only ₹ 50 daily, ie ₹ 1500 a month.
What is Village Security Scheme?
The scheme is operated under the Rural Postal Life Insurance (RPLI) of the Indian Postal Department, which has been especially prepared keeping in mind the rural and semi-urban areas. In this, you can take an insurance cover of at least ₹ 10,000 and a maximum of ₹ 10 lakh. Talking about the age limit, any Indian citizen from 19 to 55 years can be involved in this scheme.
Loan facility
In the Gram Suraksha Yojana, investors get many options to fill the premium. You can pay the premium as per your convenience on monthly, quarterly, half -yearly or annual basis. Apart from this, investors can also take loans after four years under this scheme. If needed, this policy can also be surrendered after three years, although if the surrender is done before five years, the benefit of the bonus will not be available.
Death benefits will also be available
Maturity of this scheme can be done till the age of 80 years. That is, the younger the investor will be involved in this, the higher the return. If the policyholder’s death is done before the period of the plan is completed, then his nominated person is provided with the full amount of bonus earned with insurance amount as a death benefit.
How do you get ₹ 35 lakh?
If a person joins this scheme at the age of 19 and fills a premium of ₹ 1500 (ie ₹ 50) every month, then he can get a return of about ₹ 31 lakh to ₹ 35 lakh on completion of the scheme. This difference in the amount depends on the duration of the policy, the assured problem, the age of the investor and the bonus rate.