With this post office scheme you can become a millionaire
Post Office scheme: If you want to earn big money with small savings, then you can invest money in this wonderful scheme of post office. Today we are telling you about one such scheme of post office scheme where you can earn 14 lakh rupees by applying 95 rupees daily.
Know what is the plan?
This is the endowment plan of the Post Office, in which you are given a lump sum on maturity along with money back. The Rural Postal Life Insurance Scheme was started by the Government of India in 1995. This is also the village Sumangal Scheme. Five more insurance schemes have been offered under this. The village Sumangal scheme is for 15 and 20 years. In this, there is a money back three times before maturity.
The village Sumangal scheme provides a maximum amount of 10 lakh rupees. If a person is alive even after the maturity of the policy, then he also gets the benefit of refund. In case of death of a person, policy holes are given along with the sum assured plus bonus amount.Also read- This government bank is giving more interest on FD to those who have got Kovid vaccine, know everything about it
Who benefits from this?
Any Indian citizen can take advantage of this scheme. The minimum age limit for this policy is 19 years. At the same time, anyone up to 45 years of age can buy the policy. The policy can be taken for 15 years or 20 years. But the maximum age limit for taking the policy for 20 years has been fixed at 40 years. In this, the maximum assured of up to 20 lakh rupees is available.
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How will you get 14 lakhs for 95 rupees a day?
In the example, we are telling you that suppose a 25-year-old person buys a policy with a sum assured of 7 years. So his annual premium will come to Rs 32,735. Monthly premium will be Rs 16,715 and quarterly premium will be Rs 8449. In this way, a person will have to pay Rs 2853 every month. That means around 95 rupees will have to be paid as premium every day. This policy will be for 20 years. You are given Rs 1.4-1.4 lakh in the form of money back for the 8th, 12th and 16th year according to 20-20 percent. As soon as 20 years is complete. Talking about the bonus, this scheme gets a bonus of 48 rupees per thousand every year. The bonus of seven lakh rupees sum assured was Rs 33,600 in a year. For 20 years, this amount has become 6.72 lakh rupees. You will also get the remaining 2.8 lakh rupees for the 20th year. If you add all the money, then in 20 years you get a total of 19.72 lakh rupees.