Post Office Gram Suraksha Yojana Maturity Benefits Scheme, There is a low risk investment opportunity offered by India Post. In this Post Office Village Security Plan, the Sum Assured, along with bonuses, is paid to the legal heir/nominee at the age of 80 years or in the event of death.
Eligibility for Gram Suraksha Gramin Postal Life Insurance Scheme. Post Office Gram Suraksha Yojana Eligibility Criteria:
This plan can be taken by:
1. Central and State Government employees.
2. Departmental Agent
3. Defense Services
4. Industrial workers
5. Government Aided Educational Institutions and Universities
6. Metropolitan Municipality
7. District Council
9. Nationalized Bank
10. Subsidiaries of RBI or SBI
11. Central and State Government Undertakings, Boards, Corporations, Organizations and Financial Institutions.
|minimum entry age||19 years|
|maximum entry age||55 years|
|maximum age at maturity||55, 58 and 60 years|
Salient Features of Village Security | Post Office Gram Suraksha Yojana Key Features:
The main features of Post Office Gram Suraksha Yojana are as follows:
|plan type||Whole Life Assurance Plan|
|Minimum Sum Assured
Sum Insured Maximum
|Rupee. 10 thousand
Rupee. 10 lakh
|Premium Payment Term Payment of Premium||Can be done on quarterly, half yearly or annual basis|
|benefit death benefit||Death benefit is offered to the nominee in case of death of the life assured during the policy term|
|maturity benefit||On maturity, the life assured received the Sum Assured and the bonuses that were accrued.|
|Bonus||Bonus Higher bonus is offered by the plan|
|medical||Medical If you do not want to undergo medical examination, the maximum sum insured is Rs. 25,000 and the maximum age for entry is 35 years|
|policy revival||Policy Revival The policy can be revived after paying the unpaid premium|
|Nomination||Nomination facility is available.|
|surrender||The policy can be surrendered after paying premiums for 36 months.|
|conversion policy||Conversion policy can be converted into endowment assurance – Gram Santosh|
|free look period||There is no free look period.|
|grace period||A grace period of 30 days is offered to pay the due premium.|
|loan facility||The insured is eligible for the loan after paying premiums for 48 months. The interest rate on the loan is 10%.|
|tax benefit||Tax benefits can be availed under section 80C and section 88 of the Income Tax Act, 1961|
Benefits of Post Office Village Security Scheme | Benefits of Post Office Gram Suraksha Yojana:
Following are the benefits of taking this plan:
1. The plan offers death and maturity benefits.
2. Tax benefits are available under section 80C and section 88 of the Income Tax Act, 1961.
3. The life assured can also take a loan against the policy after paying the premium for 48 months.
4. The policy can be converted into Endowment Assurance.
5. The policy can be surrendered after paying 36 premiums.
6. Policy revival is also allowed.
7. High Bonuses are offered.
8. The policy can be transferred to any post office in any part of India.
How does Gram Suraksha Gramin Postal Life Insurance Scheme work?
Post Office Gram Suraksha Yojana There is a whole life insurance plan. The plan should be applicable for the entire lifetime of the life assured. The life assured can pay premiums throughout his life or till a date preferred by the insured. On survival, the life assured will receive the maturity benefit and if he/she dies during the policy term, the nominee will receive the death benefit. Maximum sum assured is Rs 1 lakh,
Today we will tell you about such a scheme – Gram Suraksha Yojana – under which an investor can get around Rs 35 lakh by investing Rs 1500 every month.
What are the eligibility criteria and installment rules?
An investor of 1.19 years can invest in this scheme for 55 years at a premium of Rs 1,515 per month.
2. After this, the investor will deposit Rs 1,463 every month for 58 years and Rs 1,411 every month for 60 years.
Post Office Gram Suraksha Yojana maturity and return details:
1. Once the deposit is made, the investor will get Rs 31.60 lakh on maturity.
2. If the withdrawal is done after 58 years, the investor will get Rs 33.40 lakh.
3. If the withdrawal is done after 60 years then the investor will get Rs 34.60 lakh.
4. The minimum amount allowed is between Rs 10,000 to Rs 10 lakh.
Premium for Post Office Village Security Scheme:
Post office Gram Suraksha Yojana The premium amount is based on the health and financial condition of the life assured. The premium will be lower if the health condition is good.
Post Office Gram Suraksha Yojana Riders / Riders:
No rider is available in Post Office Gram Suraksha Yojana.
You can also surrender this plan after 3 years of taking it. But in this case you will not get any benefit.
If the customer has any doubt regarding the name of the nominee or other details such as email address or phone number, the customer may call the nearest post office. Customers can get their queries answered by calling toll-free number 1800 180 5232/155232 or visit the official website www.postallifeinsurance.gov.in You can also get it by visiting
Can I take advantage of this scheme for my children?
Yes, this scheme will allow your children to avail the benefits. But there is a condition. Your child must be at least 19 years old.
Can I get loan from this Post Office Village Security Scheme?
Yes, Post Office Gram Suraksha Yojana can provide loan for you. But you have to continue with this plan for at least 48 months. You can apply for the loan after 48 months
What is the essential link for this scheme?
The required link to register for Post Office Village Protection Scheme is https://www.postallifeinsurance.gov.in/.
What is the helpline number of this scheme?
The helpline number is 1800 180 5232/155232. The application process is still not published. As soon as we get the details of the process, we will update this article on priority basis. So keep an eye on our article for more details.