Rural Postal Life Insurance Scheme(Gram Suvidha)

This is a convertible whole life insurance scheme.

• Insurance cover starts from the date of acceptance.
• Minimum age at entry is 19 years.
• Maximum age at entry is 45 years.
• Premia ceasing at the age of 55,58 & 60 (Payment of premia for at least 5 years)
• Maximum sum assured INR 5 lakh.
• Eligible for loan after payment for 48 months .
• Interest on loan @ 10 %.,half yearly compounded.
• Surrender of policy allowed after payment of premia for 36 months.
• Bonus is payble on surrender valueon payment of premium for 5 years and more.
• Assignment facility available.
• Can be converted into Gram Santosh (Endowment Assurance after 5 years with premia ceasing at the age applocable to that scheme)
• Nomination facility available.