Post office investment plan: Investing is the best way to secure one’s future in the most organised way. Making sound decisions early in life can ensure a safe and secure future. If you intend to move forward and begin your investment journey, this scheme may be the best one to start with.

Enroll in the small savings plan. Sumangal Rural Postal Life Insurance Scheme is a rural postal life insurance scheme in Sumangal. Indian citizens between the ages of 19 and 45 are eligible for the scheme. This plan also includes a 10 lakh rupee insurance policy. After the policyholder’s untimely death, the insurance payout will be credited to a family member, nominee, or legal heir.

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The account has two maturity periods: 15 and 20 years. After 6, 9, and 12 years, 20% of the sum guaranteed will be available as a cash refund under a 15-year policy. A 20-year policy also includes money-back options after eight, twelve, and sixteen years. The remaining 40% are eligible for a bonus when they reach maturity.

Estimator of Return:

When you are 20 years old and buy a 20-year policy with a sum assured of Rs 7 lakh, you must pay a daily premium of Rs 95. The monthly fee is Rs. 2850, and the annual fee is Rs. 17,100. You will receive your money back, but it will be worth Rs. 14 lakh when it matures. You get money on a regular basis and then repay it.

In the aforementioned 8th, 12th, and 16th years of a 20-year policy with a value assured of Rs. 7 lakh, you receive 20% of the sum promised. After three payments, the total cost will be Rs 4.2 lakh (20 per cent of Rs 7 lakh is Rs 1.4 lakh). In the 20th year, you will receive Rs 2.8 lakh, completing the promised total.

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Following that, you would receive an annual bonus of Rs. 48 for every Rs. 1000 you earned. This sum will be equivalent to 6.72 lakh rupees in 20 years. As a result, when the loan matures, you will receive Rs. 9.52 lakh in total. The amount of Rs. 13.72 lakh is due upon maturity and will be refunded.

Those who are unable to wait until they are fully mature will benefit the most from this strategy. people who will need to withdraw cash soon This strategy could be beneficial to them.

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