Prices Increasing soon Prices Increasing Soon

Post Office Gram Priya Scheme

Post office Gram Priya Scheme is a short-term money-back plan for the rural population only that provides insurance cover to the weaker sections of the rural area.

Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

RPLI Scheme – 10-year Rural PLI Scheme 

Rural Post Life Insurance, RPLI online schemes were introduced in March 1995, especially for the benefit of rural people. In 1993, this plan was started by the recommendation of the Malhotra committee which observed that only 22% of the insurable population in India has been insured and life insurance funds are accounted for only 10% of the gross household savings.

The government of India accepted the recommendations of the committee and allowed PLI to enhance its coverage to the rural areas to implement life insurance business. Post office Gram Priya Yojana (10-year Rural PLI Scheme) was introduced under the RPLI. The main objective of this plan is to provide life insurance coverage to the rural public and to benefit the weaker parts of rural areas. This scheme can also help in spreading insurance awareness among the rural population. Read on to know further about the 10-year RPLI Gram Priya scheme in detail: 

What is 10 Year RPLI Scheme? 

10-year RPLI is a money-back short tenure insurance scheme in which the policyholder will receive the benefits at periodic time intervals. This scheme is suitable for those individuals who need returns and benefits at periodic time periods. In case of an unforeseen demise during the policy tenure, the entire sum assured (SA) amount and accrued bonus till the death date will be paid to the legal heir or nominees. 

How Does Post Office Gram Priya Scheme Work? 

Post Office Gram Priya Yojana works by following the below points: 

  • Select the sum assured and buy the scheme at the post office 

  • This scheme is only for 10 years. 

  • The monthly amount of premium will be decided on the basis of your age and sum assured 

  • The policyholder is required to pay the premium every month for 10 years. The policyholder can use RPLI Gram Priya Premium Calculator to calculate the premium amount required to pay for the next 10 years.  

  • The bonus will be accrued every year as per the rate of bonus during the policy tenure of 10 years

  • Assured will get the benefits periodically i.e., at the end of 4, 7, and 10 years of policy 

  • In case of the unfortunate death of the policyholder during the plan period of 10 years, the full SA and any other bonus accumulated (till the date of death) will be paid to the nominees or legal heirs. 

Eligibility Criteria of Post Office Gram Priya Scheme

Minimum Entry Age  20 years 
Maximum Entry Age  45 years 
Who are eligible?  Salaried professionals 
Policy Term  10 years 

Key Features of Post Office Gram Priya Scheme 

Commencement of Scheme  The insurance cover starts from the acceptance date of the plan 
Minimum sum assured Rs. 10,000
Maximum Sum assured Rs, 10 lakh
Assignment facility  Yes 
Nomination Facility  Yes 

Illustration of Post Office Gram Priya Scheme Premium Rates 

The below table illustrates the premium amounts required to pay on annual, half-yearly, quarterly, and monthly modes at different ages under Gram Priya Scheme Post office: 

Entry Age (Years) Annual (in Rs.) Half-yearly (Rs.) Quarterly (in Rs.) Monthly (in Rs.)
20  114.45 57.70 29.00 9.70
25 114.80 57.90 29.10 9.70
30  115.30 58.15 29.20 9.75
35 116.00 58.50 29.40 9.80
40 116.55 58.75 29.50 9.85
45 119.80 60.40 30.35 10.15

Benefits of Post Office Gram Priya Scheme 

  • The policyholder is provided life cover to the extent of sum assured amount for 10 years 

  • Survival benefit will be paid under 10-year RPLI if the policyholder survives the policy term. The amount payable as survival benefit are given below: 

After 4 years  20%
After 7 years  20%
After 10 years  60% along with accumulated bonus 

For Rs. 20,000 and above policy, a rebate of Rs. 1 shall be allowed. 

  • In case of natural calamities like drought, flood, cyclone, earthquake, etc. no rate of interest is charged up to 1 year as arrears of premium. 

  • The surrender amount is not payable under this scheme 

  • The last bonus declared for the 10-year rural scheme is Rs. 45/- per Rs. 1000 SA per year. 

Note: Bonus rate is not fixed. It changes as announced by the Indian Government 

  • Medical Test: In order to buy this scheme, the policyholder is required to undergo a medical examination or not depending on the SA and age. 

    • If your age is 35 years or less and the SA amount is Rs. 25000 or less, then you are not required to undergo a medical test 

    • If your age is more than 35 years and the SA amount is more than Rs. 25,000, then the medical test is important.


  • Q: Should I buy term insurance or life insurance?

    Ans: Whether you should buy term insurance or life insurance depends on your individual needs. If you are looking to secure your loved ones at affordable premiums, then term life insurance might be the right option for you. Whereas, if you are looking to buy a plan that offers financial security for the family as well as wealth creation, then life insurance might be a better fit for you. However, you should always take a thorough look at the policy details for a better understanding of the benefits offered.
Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
13 Jun 2024


Kotak T.U.L.I.P (Term with Unit Linked Insurance Plan) is a

Read more
05 Jun 2024

Why Should You Consider Inflation When Buying a...

The retail inflation of India rose to 5.69% in December 2023

Read more
29 May 2024

Term Insurance for Individuals with 25K Salary

Securing your family's future is essential, especially when

Read more
28 May 2024

'Har Family Hogi Insured' Policybazaar's Vision...

Empowering Every Household: policybazaar's Commitment to

Read more
23 May 2024

Term Insurance for Individuals with a 35K Salary

Securing your financial future is essential, especially when

Read more
28 May 2024

'Har Family Hogi Insured' Policybazaar's Vision...

Empowering Every Household: policybazaar's Commitment to Nationwide Coverage In a visionary move towards a

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
13 Apr 2021

2 Crore Term Insurance Plan

2 Crore term insurance provides cover amount of 2 Crore as death benefit to your family in the event of your

Read more
07 Mar 2023

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.