Rural Postal Life Insurance Scheme(Gram Priya)

It is an Anticipated Endowment Scheme for 10 years.

• Insurance cover start from the date of acceptance.
• Proponent is given an assurance to the extent of Sum Assured with accrued bonus payable till completion of 10 years.
• Minimum age entry is 20 years.
• Maximum Age entry is 45 years.
• No Interest charged upto one year arrear of premia in case of natural calamities like flood,drought,earthquake,cyclone etc.
• Survival banafit is payable as under:
  1. At the end of 4 years - 20 %.
  2. At the end of 7 years - 20 %.
  3. At the end of 10 years - 60 % with accrued bonus.
• Nomination facility is available.
  • No loan facility.
  • No surrender value is payable.
  • Assignment facility is available
  • Sum assured minimum Rs10,000/- & maximum Rs5,00,000/-.

Children Policy:

The salient features of this policy are same as that of PLI-children policy except the following

Sum assured : Minimum:Rs 10,000/- and Maximum Rs 1,00,000/-