Post Office Scheme: Invest Rs 95 daily to get about Rs 14 lakh on maturity, here’s how
Zee News
Post Office offers several investment opportunities that provide impressive returns with the safety of the principal.
New Delhi: Post Office offers a slew of investment opportunities that provide impressive returns with the safety of the principal. In one such plan, named Gram Sumangal Rural Postal Life Insurance Scheme, offered by the Post Office, you can get about Rs 14 lakh at the time of maturity by investing Rs 95 daily.
As the name suggests, the Gram Sumangal Rural Postal Life Insurance Scheme is best for investors living in rural areas. The scheme is a Money Back Policy with a maximum sum assured of Rs 10 lakhs, according to the Post Office’s website.
According to Post Office, the scheme is best for investors who need periodical returns. Under the policy, survival benefits are also paid to the insurant periodically. Full sum assured with accrued bonus is payable to the assignee, nominee or the legal heir, in case of an unexpected death of the insurant.
