Post Office Scheme: Deposit Rs 95 daily in Gram Sumangal Scheme to get 14 lakh

The Gram Sumangal Rural Postal Life Insurance Scheme was introduced by Post Office in 1995.

New Delhi: Post Office offers a slew of safe and secure investment schemes for Indian investors planning for their future. In one such endowment scheme known as Gram Sumangal Rural Postal Life Insurance Scheme, Post Office offers bumper returns along with several other benefits. 

The scheme was introduced by Post Office in 1995. Investors get to select from six different insurance plans. In one such option, investors can get Rs 14 lakh at the time of maturity by investing just Rs 95 daily. 

Investors of the scheme also get a maximum sum assured of Rs 10 lakh. In case, the investor lives till the time of maturity, Post Office also provides a moneyback facility. In case of the death of the investor, the nominee is given the sum assured along with the bonus.