RPLI Endowment Assurance Premium Calculator (Gram Santosh)

RPLI Endowment Assurance (Gram Santosh) - RPLI calclator

The RPLI Endowment Assurance scheme is a life insurance product offered by the India Post, which combines both protection and investment. It is an ideal choice for those looking for a reliable and secure investment along with the benefit of life cover. The plan ensures that your loved ones are financially protected in case of an unfortunate event, while you also build up a corpus for your future.

This endowment policy provides life coverage with the added benefit of a lump sum payment at the end of the policy term. The sum assured is paid to the policyholder upon completion of the policy term, along with the bonuses accumulated during the term. This plan helps in securing long-term financial goals and is ideal for individuals who want to ensure financial protection and returns.

Key Features:

• Flexible Premium Payment Frequency: Premiums can be paid monthly, quarterly, half-yearly, or yearly, based on your convenience.
• Life Cover: In case of the policyholder’s demise during the policy term, the nominee receives the sum assured along with any bonuses accumulated.
• Bonus Accumulation: The policyholder can earn bonuses that enhance the value of the sum assured over time.
• Tax Benefits: Premiums paid under this policy are eligible for tax deductions under Section 80C of the Income Tax Act, and the maturity benefits are also tax-free under Section 10(10D).

Benefits of RPLI Endowment Assurance:

• Guaranteed Maturity Benefit: On maturity, the sum assured plus bonuses is paid out to the policyholder.
• Flexibility: The policy allows for flexible premium payment modes and offers various tenure options.
• Security: Provides a risk cover that ensures financial support for the policyholder’s family in case of unforeseen circumstances.