Post Office Gram Suraksha Yojana Calculator 2024


5 min read

Updated on Feb 16, 2024

Insurance calculators are useful tools available online to compare and search best policies by calculating premiums of different plans. In this post, we are discussing the Post Office Gram Suraksha Yojana Calculator.

The Post Office Gram Suraksha online calculator is an easy-to-use online tool to calculate the premium amount of the Gram Suraksha Yojana offered by the post office. It is a free to access tool that doesn’t levy any charges to the user. The premium is calculated as per the life coverage selected and allows policy seekers to find the best online term insurance coverage as per requirement.

Let us take a look at the details of Post Office Gram Suraksha Yojana Calculator below starting with the policy knowledge.

Post Office Gram Suraksha Scheme Details

The Post Office Gram Suraksha Policy is a life insurance plan with the added benefit of a plan switching facility. The insured under this plan can change it to an endowment policy after completing a period of 5 years into the scheme.

Also Read: Post office RD calculator

Understand the Post Office Gram Suraksha Yojana Calculator

Insurance calculators are tools that are freely available and can be used online to calculate premiums of various plans. The Post Office Gram Suraksha Scheme Calculator is one such tool that can be used to calculate the premium of the Gram Suraksha Yojana post office scheme. Thus, you can estimate the premium to be paid as per the benefits desired and the life coverage you seek.

The Post Office Gram Suraksha Yojana Calculator takes into account a number of factors such as income of the person, age and health condition of the person, smoking and other bad habits and so on. All these factors can be considered in the premium calculator to choose the best plan suiting your needs and goals.

Also Read: Post office scheme for boy child

How to Use the Post Office Gram Suraksha Scheme Calculator Online?

The Post Office Gram Suraksha Yojana Calculator makes it hassle-free and easy to calculate the premium of the policy. Anyone can access this calculator which is easily available on the website of insurer offering the policy.

Here are the steps that you should take after reaching the official website of the insurer.

  • Click on the ‘Buy Policy’ tab
  • Select a Quote
  • Now, enter the details mentioned below:
    • Policy seeker’s name
    • Contact number
    • Policy seeker’s email ID
    • Gender of the policy seeker
    • Date of birth
    • State and pin code
    • Sum Assured
    • Profession
    • Type of Product
  • Now, authenticate the details and tab on ‘get quote’
  • You can see the premium information on the screen

Also Read: PLI calculator

Advantages of Using Online Post Office Gram Suraksha Yojana Calculator

There are many advantages of using a gram suraksha premium calculator to compute the premium of polices as mentioned below:

Saves Time  The  best advantage of the Post Office Gram Suraksha Scheme calculator is that it saves time. You can get all the information to choose an appropriate plan matching your needs within few minutes
Easily Affordable  If you are looking for an reasonable plan, use a Post Office Gram Suraksha Scheme calculator to evaluate the premium amount that suits you best
Allow the policy seeker to choose right insurance cover  By using the Post Office Gram Suraksha policy calculator, you can easily estimate the right coverage amount of your policy. This will help in covering your family financially and to take care of your liabilities.
Assist in Financial Planning   The Post Office Gram Suraksha Scheme calculator will guide you regarding the premium payment that is to be done immediately after buying the plan. Knowing the premium amount to be paid will help in managing your budget for other things accordingly.

Also Read: Post office online payment

Factors Affecting the Post Office Gram Suraksha Scheme Calculator

  • The Term/Tenure of Policy chosen by the policyholder determines the premium payment that is to be made
  • Tenure of premium payment can be chosen by the policyholder as per their comfort on a yearly, half-yearly, quarterly or monthly basis
  • The life coverage selected by the insured also determines the premium rates of Gram Suraksha Scheme
  • Age of the person buying the policy is also a factor that affects the Gram Suraksha Scheme of the post office. The more the age of the policyholder, the more the premium charged
  • Lifestyle habits of policyholders such as smoking are also taken into consideration while calculating the premium amount. A smoker has to pay greater premium rates as compared to a non-smoker
  • There are options of paying a premium. ‘You can either go for single payment, regular payment or limited payment.

Read More: Post Office Fixed Deposit Interest Rates 2024

Best Post Office Plans in India

Plan Name Eligibility Sum Assured/Investment (Min) Sum Assured/Investment (Max) Interest Rate
National Savings Time Deposit Account All Indian Citizens including minors INR 1000 and multiples of100 No Limit 5.5 % to 6.7% per annum
National Savings Monthly Income Account All Indian Citizens including minors INR 1000 INR 4.5 lakh (Single Account)

INR 9 lakh (Joint Account)

6.6 % per annum (paid monthly)
National Savings Recurring Deposit Account All Indian Citizens including minors 100/month (multiples of 10) No Limit 5.8% per annum
Kisan Vikas Patra Account All Indian Citizens including minors INR 1000 No Limit 6.9 per annum
Senior Citizen Savings Scheme Account 60 years and above INR 1000 INR 15 lakh 7.4% per annum

Also Read: Paybima guide and glossary

Summing Up

You can buy the post office Gram Suraksha scheme online or offline. For offline buying, you have to visit the branch of the post office near you to purchase the policy. However, you can avoid such hassles and buy the policy online from the comforts of your home. Further, by using the online premium calculator you can compare and look for the best tenure and life coverage of the policy for accurate and instant results. This way, the tool can aid in allowing you to make an informed decision while choosing the best policy.

Popular General Insurance Companies India, 2024

Further, you can also choose to buy any other post office insurance plan as per your requirement. Post offices of India offer several good life insurance and investment plans to suit the needs of common people.  Here are some of the top post office plans available in India.

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FAQs on Post Office Gram Suraksha Scheme Calculator

What is the eligibility criteria for Gram Suraksha scheme?

The minimum entry age of the plan is 19 years, while the maximum entry age is 45 years. The maximum age of maturity under the plan is 55, 58 and 60 years.

What is meant by the Gram Suraksha policy of the post office?

The Post Office Gram Suraksha Scheme is a policy that is available with impressive returns with low risk. Under this scheme, the investor is required to deposit INR 1500 monthly to receive a corpus of INR 31 -INR 35 lakhs at maturity.

What is gram Suraksha scheme and how can I buy it?

The Gram Suraksha Yojana is a social security scheme where the insured is required to invest INR 1500 per month to earn INR 35 lakh at maturity. The entry age of the plan is 19 years. You can buy this plan online or visit the nearest branch of the post office to avail this plan.

How to calculate postal life insurance premium?

To calculate the postal life insurance premium, you can use a postal life insurance premium calculator.

Which post office insurance policy is best?

Below are 6 Best Postal Life Insurance (PLI) Plans 2024:

Whole Life Assurance (Suraksha)
Endowment Assurance (Santosh)
Convertible Whole Life Assurance (Suvidha)
Anticipated Endowment Assurance (Sumangal)
Joint-Life Insurance (Yugal Suraksha)
Children Policy (Bal Jeevan Bima)

Other Investment Products

Dec 16, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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