Post Office Insurance Plan: After government employees, the Postal Life Insurance of the Indian Postal Department is now available to the general public as well. In this, a large maturity amount is available at low premium rates. Under this, every month …
Insurance Plan: People are looking for safe investment and better life insurance for a secure future. In such a situation, Postal Life Insurance run by the Indian Postal Department can be a reliable option for you. Its biggest feature is that by paying small premiums, a large maturity amount can be obtained in the long term.
The premium is very low.
Varun Kumar, Postal Life Insurance Officer of the main post office in Jhumri Tilaiya, Koderma, told Local 18 in a special conversation that initially the postal department was providing the benefit of this life insurance to government employees. But a few years ago, a change was made in it and now it has been made available to the general public as well. The premium rates in this are lower than private insurance companies and the returns are better.
The deposit amount increases with interest.
He told that the policyholder can choose the policy according to his income. In this, small premiums are deposited every month or year. This deposit amount increases with interest over a long period of time and on maturity, it is received as a lump sum amount. There is also a provision of bonus in this, which increases the amount further.
32 lakhs will be received in lump sum.
He told that for example, if a person of 19 years joins the insurance of 10 lakhs, then he will have to deposit a premium of 1828 rupees every month along with tax till the age of 60 years. In this, the policyholder will also receive 52 thousand annual bonus at the rate of 52 percent. In the entire insurance period of 60 years, the policyholder will receive 21 lakh 32 thousand bonus and premium amount, which will give a total maturity of 31 lakh 32 thousand rupees. In this way, the policyholder will have to deposit 9 lakh 21 thousand 312 premium at the rate of 1828 rupees in 42 years. While he will receive a maturity amount of 31 lakh 32 thousand. Overall, the policyholder will get a profit of 22 lakh 11 thousand rupees on this investment.
