Indian Post Office Post Office Gram Suvidha Scheme has the people of rural and urban areas in its pocket. The scheme has the benefit of a life insurance cover as well as providing the option to avail loans on easy installments later. The scheme seems to offer long-term monetary security while providing immediate loans whenever needed. This is very useful for rural people who want to ensure the future of their family with this scheme and to get immediate help whenever there is any financial crisis.
Know what is the eligiblity of Gram Suvidha Scheme
Gram Suvidha Scheme is the best investment plan wherein people of all sections can expect financial security. The applicant should be aged between 19 to 45 years for whichever the benefits he/she will eventually reap under this scheme. The scheme is quite efficient and helpful especially for long-term investors who will expect ultimate security for the future.
The assured sum under the policy may vary from Rs 10,000 to Rs 10 lakh, thus giving the flexibility of availing an option according to the need or financial scenario within your means. Various modes of premium payment, within the structure of the scheme, are also available: monthly, quarterly, half yearly and yearly.
If you are 19 years when you make this investment, it would be a year premium term of 41 years whereas a 45-year-old would pay premiums for only 15 years. This shows that the scheme has a different investment time and premium amount attached to it. It gives you the opportunity to make sure and build a strong and secure financial future with the Gram Suvidha scheme.
Gram Suvidha Yojana and Its Benefits
Other than providing cash security, Gram Suvidha Yojana has many much more important benefits making this a very good investment option. Such a couple of other ways through which one can benefit is when a policyholder dies during the scheme benefits. The nominee then gets the sum assured along with bonus amounts accumulated till that time.
In other cases, when a policyholder survives for 60 years, he gets the sum assured together with the bonus amount at maturity. Yet another very lucrative benefit of this plan is that it also has been providing the facility for taking a loan.
After four years, the policyholder has the right to avail a loan which can be very handy during any emergency. Moreover, after three years, he is also entitled to surrender the policy.
