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ਸਰਕਾਰੀ ਸਕੀਮਾਂ
Gram Priya (10 years Rural Postal Life Insurance)(Central)
Gram Priya (10 years Rural Postal Life Insurance)(Central) Description : This is an endowment scheme for a term of 10 years for people living in rural areas. The sum assured plus accrued it paid a bonus to the insurer on maturity after ten years. The minimum sum assured is Rs. 10000, and the maximum is Rs.10 lakhs. Eligibility :
- Should be a resident of Karnataka.
- Should belong to Rural area.
- Age should be between 19 and 45 yearsProcess : 1. Visit the nearest post office and apply for the scheme by submitting the required forms and documents.
- Collect the acceptance letter if your application is approved as intimated by the post office official.
- Collect the policy bond (most important document) as directed by the post office official.
- Note from the Policy Bond, the date of commencement of the policy, due date, and mode of payment of premium (i.e. yearly, half-yearly, quarterly, monthly, etc)
- We can pay a premium in cash or cheque whenever it is due in any post office across India without transferring the policy from one circle to another.
- The survival benefits under the Gram Priya policy start accruing every 3 years after 4th year of the policy tenure.
- The amount payable as survival benefit is as follows - 20 percent (At the end of four years), 20 percent (at the end of seven years), 60 percent with bonus(at the end of 10 years).
- Claim cheque will be sent to the customer’s address on or before the due date of maturity.
- GST of 18% is applicable on life insurance effective from the 1st of July, 2017 Benefit : Rs 10,000 to Rs 10 lakhs