RPLI Gram Santosh Policy

The Gram Santosh policy as postal insurance was introduced as part of the six Rural Postal Life Insurance Schemes. This plan was designed keeping in mind the insurance needs of the rural population of the country. It is an endowment-based scheme that offers risk cover to the insured up to the maturity age.

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About Gram Santosh Postal Insurance

Gram Santosh is an endowment assurance scheme that covers the life of the policyholder till the pre-determined age of maturity. In the event that the life assured dies before reaching the age of maturity, the policy pays assured death benefits along with accrued bonuses to the surviving members of the family. 

RPLI Gram Santosh Policy Details

Key features of the Gram Santosh endowment assurance scheme are:

  • Death Benefit - Assigned nominees can claim the death benefit amount if the death of the policyholder occurs before attaining the pre-determined maturity age. The benefit amount is paid along with accrued bonuses.

  • Maturity Benefit - If the policyholder survives the pre-specified age of maturity, he/she can claim maturity benefit up to the sum assured, payable along with the bonus amount. 

  • Eligibility Criteria - Should you wish to purchase the Gram Santosh postal insurance cover for yourself, the following criteria have to be met:

    Criteria Minimum Maximum
    Entry Age 19 years 55 years
    Maturity Age 35, 40, 45, 50, 55, 58, or 60 years
    Sum Assured Rs. 10,000 Rs. 10 Lakhs
    Bonus Rate Rs. 48 per Rs. 1,000 Sum Assured
  • Loan Benefit - This rural postal life insurance scheme also offers the benefit of availing loans against the sum assured to finance any liquidity needs of the life assured. This facility can only be availed of after completing a minimum of 3 years of the policy term. 

  • Surrender Benefit - If the policyholder chooses to terminate the policy, a reduced sum shall be payable to him/her. However, the reduced sum assured is only payable if the policy is surrendered after completing 3 policy years. 

  • Accrued Bonuses - The bonus under RPLI Gram Santosh accrues at a rate of Rs. 48 per Rs. 1000 sum assured. In the case that the policy is surrendered before completing 5 policy years, the policyholder shall not be entitled to the bonus amount. 

  • Policy Conversion - The maturity age decided at the time of policy inception can be extended further at the time of maturity. 

  • Medical Examination - No medical examinations will ply if the policyholder is aged 35 or less. Further, medical tests are also eliminated if the sum assured under the cover is less than or equal to Rs. 25,000. 

  • Premium Payment - Premium payments shall cease once the policyholder attains the age of 35, 40, 45, 50, 55, 58, or 60 years, as opted for by the life assured at the time of policy inception. Premiums can be paid monthly, quarterly, half-yearly, yearly, or through salary deductions. 

Gram Santosh Policy Calculator

A key benefit offered by this endowment assurance postal policy is the premium and maturity benefit calculation available at the official platform of India Post. Policyholders, prior to purchase, can make use of the RPLI Gram Santosh maturity calculator to estimate the premiums payable against the sum assured chosen. The calculator also displays other relevant options that may also be suitable for the life assured based on the inputs provided. 

The Gram Santosh policy premium calculator is free of charge and can be accessed from the comfort of your home. Based on the calculation and results generated, the user can make endless alterations to different aspects to arrive at the desired coverage at affordable premiums. Therefore, this online Gram Santosh premium and maturity calculator also acts as the basis for comparison between different policy features and schemes available. 

Steps To Use Gram Santosh Policy Calculator

  • Visit the website of India Post and click on Postal Life Insurance

  • You shall be redirected to an external page; click on OK to proceed. 

  • Scroll to ‘Purchase a Policy’ and click on ‘Quote’ from the available functions.

  • Enter the requested fields, including contact details, date of birth, gender, residence, sum assured, etc. 

  • Under Product Type, select RPLI. 

  • Under Product Name, select Gram Santosh. 

  • Select the Age at Maturity from the options per your convenience. This is the age at which the policy will mature.

  • Enter the letters as shown in the captcha below. 

  • This will give you the monthly, quarterly, half-yearly, and yearly premium quotes against the sum assured opted for. 

  • If you are comfortable with the premiums, you can proceed to buy the cover by clicking on Select. 

  • If not, you can scroll down and click on Recalculate to calculate and compare quotes of other policies or change the features, sum assured, etc. 

How To Buy Gram Santosh Postal Insurance Online?

The policy can be bought by directly visiting your nearest post office and submitting the requisite documents. However, if you have the means to purchase it online, follow the steps below:

  • Follow the above-mentioned steps from 1 through 10. 

  • If you have arrived at a reasonable premium quote, choose the ‘Select’ option against it. 

  • This takes you to a form wherein you will have to fill in more details about the Insurer and the Proposer. 

  • Click on Next to fill in the correspondence information about where you live and ways to reach you. 

  • The subsequent forms are related to your employment details, nominee assignment, history of insurance, medical history (if any), and base coverage. 

  • Sign the Declaration to proceed to the payment details. 

  • Pay the initial premium installment to start coverage. 

The policy will be issued 10 days from the date of submission of the requisite documents. 

Documents Required To Purchase Gram Santosh RPLI Policy

  • Age proof

  • Address Proof

  • Identity Proof

  • Declaration of Medical Examiner

  • Declaration in case the proposer is illiterate

  • Certificate by DO/FO(PLI)/Agent

  • Certificate by SDI/ASP


  • The maturity age under Gram Santosh can be extended furthest till the age of 60. Post that, the policyholder has to buy a new life cover. 
  • The documents required are
    • Age proof
    • Address Proof
    • Identity Proof
    • Declaration of Medical Examiner
    • Declaration in case the proposer is illiterate
    • Certificate by DO/FO(PLI)/Agent
    • Certificate by SDI/ASP
  • Yes, the premium calculator for all RPLI policies is completely free of cost. 
  • Yes, you can purchase Gram Santosh endowment assurance for your parents. However, note that it is an individual cover and therefore, only one person can be insured under the policy. If you are buying Gram Santosh for your parents, you will have to file it as the proposer and your parent as the insured.
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