RPLI Whole Life (Gram Suraksha)

RPLI Whole Life Assurance Premium Calculator (Gram Suraksha)

About RPLI Whole Life Assurance (Gram Suraksha) - Rpli calculator

RPLI Whole Life Assurance (Gram Suraksha) is a unique life insurance scheme provided by the Indian Postal Service. This policy ensures that the sum assured with accrued bonus is paid to the insured when they reach the age of 80 years, or to their legal representatives in case of death, whichever occurs earlier. The policy continues to provide the financial protection to the insured and their family.

Minimum & Maximum Age at Entry: 19-55 years.

Sum Assured: ₹10,000 to ₹10 Lakh.

Loan Facility: Available after 4 years of policy duration.

Surrender Option: Can be surrendered after 3 years. However, if surrendered before 5 years, the policy will not be eligible for bonus.

Conversion Option: The policy can be converted into an Endowment Assurance Policy up to the age of 59 years, provided the date of conversion does not fall within one year of the cessation of premium payment or date of maturity.

Premium Paying Age: The policyholder can opt for premium paying age of 55, 58, or 60 years.

Bonus: Last declared bonus rate is ₹60/- per ₹1000 sum assured per year.

Proportionate Bonus: If the policy is surrendered before maturity, a proportionate bonus on the reduced sum assured is paid.

Frequently Asked Questions (FAQ)

What is RPLI Whole Life Assurance (Gram Suraksha)?

This is a life insurance policy that offers lifelong coverage, providing financial security to the policyholder and their family in case of the policyholder's death or upon reaching the age of 80 years.

How is the bonus paid?

Bonus is calculated annually at ₹60 per ₹1000 sum assured, and it is paid to the policyholder or their legal representatives at the time of claim.

Can I surrender the policy?

Yes, you can surrender the policy after 3 years, but the policy will not be eligible for bonus if surrendered before 5 years.

Can I convert this policy to an Endowment Assurance Policy?

Yes, the policy can be converted into an Endowment Assurance Policy until the age of 59 years, but the conversion cannot be made within one year of the cessation of premium payments or the maturity date.

What is the loan facility for this policy?

You can avail of a loan after 4 years of policy duration.