Rural Postal Life Insurance (RPLI) has launched Post Office Gram Priya Scheme 2024. In 10 Years Rural PLI Policy, rural population will get short term money back assurance. Check minimum / max. age at entry, bonus amount, sum assured and complete details regarding 10 years Rural PLI scheme.
About Rural PLI Gram Priya Scheme 2024
RPLI Gram Priya scheme is a short term money back policy for rural populace. Check out the features of 10 years Rural PLI policy.Salient Features of RPLI ग्राम प्रिया योजना
- Insurant is given life cover to the extent of Sum Assured for 10 years.
- Survival benefits are paid after 4 years- 20% after 7 years- 20%, and after 10 years – 60% with accrued bonus
- Minimum & maximum age at entry 20 - 45 years
- Minimum sum assured ₹ 10,000, maximum 10 lacs
- No interest is charged upto one year as arrears of premia in case of natural calamities like flood, drought, earthquake, cyclone etc.
- Last declared Bonus- ₹ 45/- per ₹ 1000 sum assured per year
Minimum / Maximum Age at Entry in Post Office Gram Priya Yojana
- The minimum age for entry in PO gram priya scheme is 20 years.
- The maximum age for entry in PO gram priya scheme is 45 years.
Premium Amount in 10 Years Rural PLI Policy
If you want to check monthly, half yearly and annual premium amount, then you can click https://www.indiapost.gov.in/Financial/DOP_PDFFiles/PLI/GRAM%20YOJANA_RPLI.pdfAbout Rural Postal Life Insurance (RPLI)
Rural Postal Life Insurance (RPLI) was introduced in 24.03.1995 for rural people of India. The Malhotra Committee had observed in 1993 that only 22% of the insurable population in this country had been insured; life insurance funds accounted for only 10% of the gross household savings.
Central government accepted the recommendations of Malhotra Committee and allowed Postal Life Insurance to extend its coverage to the rural areas to transact life insurance business, mainly because of the vast network of Post Offices in the rural areas and low cost of operations.
The prime objective of the RPLI scheme is to provide insurance cover to the rural public in general and to benefit weaker sections and women workers of rural areas in particular and also to spread insurance awareness among the rural population.
Other RPLI Schemes
- Rural PLI Gram Suraksha Scheme
- Rural PLI Gram Suvidha Scheme
- Rural PLI Gram Santosh Scheme
- Rural PLI Gram Sumangal Scheme
- Rural PLI Bal Jeevan Bima Scheme
Data is taken from https://www.indiapost.gov.in/Financial/Pages/Content/rpli.aspx
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Central Government