Rural Postal Life Insurance

About Rural Postal Life Insurance (RPLI)

Rural Postal Life Insurance was introduced in the Indian rural landscape to extend comprehensive insurance coverage for people living in these areas. It was easy for the government to implement these plans in the rural parts of the country owing to the extensive network of Post Offices in these areas. The low cost of operations in such parts also made the distribution of rural postal life insurance coverage quicker. The life insurance plans can be bought from any of the nearby Post Office branches or online. 

Rural Postal Life Insurance Online Availability

Rural Postal Life Insurance online can be accessed through the website of India Post under its ‘Postal Life Insurance’ category. One can use this online portal to buy these policies, estimate premium quotes through the featured rural postal life insurance calculator, and pay premiums. 

Further, the Department of Posts also launched digital versions of the policy bonds for rural postal life insurance schemes. The electronic form of the policy bond is now treated as a valid document for any kind of policy-related transaction. Policyholders of RPLI schemes can access these e-PLI bonds online on the Digilocker application. This was aimed to facilitate smoother claim settlements and easier access to insurance in the digital era. 

Rural Postal Life Insurance Statistics

Rural Postal Life Insurance Schemes

There are currently 6 different types of rural postal life insurance schemes designed for people specifically living outside the municipal boundaries of a city or a town. 

Rural Postal Life Insurance Policy Details

1. Gram Suraksha

   Key Features of Gram Suraksha

   • The loan facility can be availed of after 4 years into the policy. 

   • The policy can be surrendered after 3 years of the policy being in force. 

   • Bonuses are applicable at a rate of Rs. 60 per Rs. 1000 sum assured. 

   • The life assured can convert Gram Suraksha whole life plan into an endowment-based policy till (s)he reached 59 years of age. 

   Eligibility Criteria of Gram Suraksha

   Criteria	Minimum	Maximum
   Entry Age	19 years	55 years
   Sum Assured	Rs. 10,000	Rs. 10 Lakhs
   Premium Paying Age	55 years / 58 years / 60 years

2. Gram Suvidha

   Key Features of Gram Suvidha

   • The policy cannot be converted to an endowment assurance policy after 6 years of policy issuance. 

   • Loan facilities can be availed after 4 years. 

   • The Gram Suvidha policy can be surrendered only after 3 years. 

   • Bonus (if the policy has not been converted) shall accrue at Rs. 60 per 1000 sum assured. 

   Eligibility Criteria of Gram Suvidha

   Criteria	Minimum	Maximum
   Entry Age	19 years	50 years
   Sum Assured	Rs. 10,000	Rs. 10 Lakhs

3. Gram Santosh

   Key Features of Gram Santosh

   • Policyholders can avail of loans after 3 years into the life cover. 

   • The policy acquires surrender value after 3 years of policy inception. 

   • The bonus amount shall not be payable if the policy is surrendered before completing 5 years. 

   • The bonus rate of gram santosh accrues at Rs. 48 per 1000 sum assured, as per latest figures. 

   Eligibility Criteria of Gram Santosh

   Criteria	Minimum	Maximum
   Entry Age	19 years	55 years
   Maturity Age	35 years	60 years
   Sum Assured	Rs. 10,000	Rs. 10 Lakhs

4. Gram Priya - 10 Years Rural Postal Life Insurance

   Key Features of Gram Priya

   • Survival benefits are equal to 20% of the sum assured payable at the end of the 4th and the 7th policy year each. At the end of the 10th year, 60% of the sum assured is payable. 

   • Benefits are paid along with bonuses that accrue at a rate of Rs. 45 per 1000 sum assured.

   • In the case of floods, earthquakes, droughts, cyclones, etc., interest in arrears of premiums won’t be charged for up to 1 year. 

   Eligibility Criteria of Gram Priya

   Criteria	Minimum	Maximum
   Entry Age	20 years	45 years
   Survival Benefits	4th Year - 20% of the Sum Assured 7th Year - 20% of the Sum Assured 10th Year - 60% of the Sum Assured
   Sum Assured	Rs. 10,000	Rs. 10 Lakhs

5. Gram Sumangal (Anticipated Endowment Assurance)

   Key Features of Gram Sumangal

   • The policy pays out a percentage of the sum assured on periodic intervals. 

   • The death benefit is payable in full on the death of the life assured within the policy term. 

   • The bonus rate, as per the latest figures, stands at Rs. 45 per 1000 sum assured. 

   Eligibility Criteria of Gram Sumangal

   Policy Term	15 years	20 years
   Entry Age	Minimum: 19 years Maximum: 45 years	Minimum: 19 years Maximum: 40 years
   Survival Benefits	6th Year - 20% of the Sum Assured 9th Year - 20% of the Sum Assured 12th Year - 20% of the Sum Assured 15th Year - 40% of the Sum Assured	8th Year - 20% of the Sum Assured 12th Year - 20% of the Sum Assured 16th Year - 20% of the Sum Assured 20th Year - 40% of the Sum Assured
   Sum Assured	NA	Rs. 10 Lakhs

6. Bal Jeevan Bima

   Key Features of Bal Jeevan Bima

   • A maximum of 2 children belonging to the parent policyholder can be covered. 

   • Premiums for the life cover of the children are waived off on the death of the parent policyholder. 

   • The policy acquires a paid-up value on continuous premium payment for 5 years. 

   • The bonus rate for the policy accrues bonus at the rate of Rs. 48 per Rs. 1000 basic sum assured. 

   Eligibility Criteria of Bal Jeevan Bima

   Criteria	Minimum	Maximum
   Entry Age of Children	5 years	20 years
   Entry Age of Policyholder (Parent)	NA	45 years
   Maximum Sum Assured	Rs. 1 Lakh or equal to the sum assured for the parent’s cover (whichever is less)

Rural Postal Life Insurance Calculator

If you are planning to buy any of the above-mentioned plans, you should make use of the online Rural Postal Life Insurance Calculator available in India Post’s website. The tool allows you to compare premiums against the sum assured, your age, etc. You have the option to make changes and see the results in real-time. 

With premium estimation, you shall be in a better position to identify the affordability of the cover. The rural postal life insurance calculator is free of cost and factors in various aspects to arrive at the most accurate figure. However, note that bonus rates are subject to change, and therefore, the results are only indicative and should not be construed as definite. 

How To Use Rural Postal Life Insurance Calculator?

You can calculate rural postal life insurance online through the website of India Post. Follow the guide below if you are looking to purchase any of the 6 RPLI schemes discussed above.

• On India Post’s website, scroll down to Postal Life Insurance and click on it. 

• You shall be redirected to an external website after clicking on OK. 

• Under the tab Purchase a Policy, click on Quote. 

• Fill in the required contact details, DOB, product type (RPLI in this case), sum assured, occupation, gender, state of residence, and the name of the insurance scheme. 

• Fill in the image captcha and click on Get Quote. 

• The resulting page offers monthly, quarterly, half-yearly, and yearly premium quotes. 

How To Buy Rural Postal Life Insurance?

• Once you get the desired premium quote (using the above steps) against the sum assured, click on Select. 

• Choose the Nearest H.O. and click on OK. 

• At this stage, you will be asked to fill up personal information. Once done, click on Next. 

• Following this, there are additional forms to filled including details of correspondence, employment details, nominee’s details, history of insurance, and medical history. 

• Now you will be required to insert the Base Coverage required. This page will display monthly, quarterly, half-yearly, and yearly premium rates (inclusive of taxes). 

• Pick the best option for yourself and click on Next. 

• Fill in the Declaration and agree to the terms and conditions. 

• Confirm the payment details and click on Submit. 

Document Required For Rural Postal Life Insurance Policy Issuance

• Proposal Form

• Self-attested or thumb impressed age proof such as:

• Birth Certificate

• School Certificate/Mark sheet

• PAN Card / PRAN Card

• Passport

• Driving Licence 

• Aadhar Card

• Voter-id

• Elder’s declaration

• Approximate age certificate from the Medical Examiner

• Declaration by the life assured, and then signed by a Panchayat Member

• Self-attested or thumb impressed address proof and identity proof such as:

• Aadhar Card

• Voter-id

• Passport

• Driving License

• Ration Card

• Electricity Bill or Water Bill

• Medical Report

• Declaration of Medical Examiner

• Declaration in cases wherein the proposer is illiterate

• Certificate by DO/FO(PLI)/AGENT

• Confidential report - Certificate by SDI/ASP

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