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Bal Jeevan Bima Rural Postal Life Insurance Plan

Rural Postal Life Insurance (RPLI) is a scheme under Postal Life Insurance and was launched to provide coverage to people living in the rural areas. There are six policies under RPLI and each of them provides their own set of benefits to its customers.
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Postal Life Insurance (PLI) is the oldest life insurance policy in India, which was launched in February 1884. Rural Postal Life Insurance (RPLI) was introduced in 1995 to provide life insurance cover to people in the rural areas. This scheme has been successful, with over 23.51 million policies until March 31, 2015, mainly because of the extensive network of post offices in rural areas.

There are 6 types of policies under the RPLI, similar to the PLI policies. They are:

  1. Whole Life Assurance (Grama Suraksha)
  2. Convertible Whole Life Assurance (Grama Suvidha)
  3. Endowment Assurance (Grama Santosh)
  4. Anticipated Endowment Assurance (Grama Sumangal)
  5. 10-year RPLI (Grama Priya)
  6. Children’s Policy (Bal Jeevan Bima)

Eligibility Criteria for Bal Jeevan Bima RPLI

To get a children’s policy under the RPLI, you need to meet the following criteria:

Minimum age of child 5 years
Maximum age of child 20 years
Location Residing in rural parts of India (i.e. outside the municipality limits)
Maximum children per family 2
Maximum age of the primary policyholder Less than 45 years

Features of Bal Jeevan Bima RPLI

The RPLI schemes are not restricted to government employees like the PLI schemes. The main objective of the Bal Jeevan Bima scheme is to provide insurance cover to children of persons who already have an RPLI policy. The following are the main features of the children’s policy under the RPLI:

Plan type Life Insurance cover
Policy account Dependent on primary policyholder
Premium payment term Monthly, Quarterly, Half-yearly, Annually
Minimum premium Rs. 5.92 for a policy term of 20 years
Maximum premium Rs. 18.88 for a policy term of 5 years
Maximum sum assured Rs. 3 lakh or equivalent to the sum assured of the main policyholder, whichever is less
Loan on policy Not available
Intermediate withdrawal Allowed after 5 years if all premiums are paid up till then.
Bonus payments Same as Endowment Policy
Surrender terms Policy can be surrendered after 60 months (5 years)

Benefits of Bal Jeevan Bima RPLI

The reason why Bal Jeevan Bima (Children Policy) of the RPLI is highly recommended for the rural populace are:

  • Accessibility: The policy is held with the post offices, which makes is easy to access. You can also transfer it from one post office to another easily. The premium can be paid at post offices with cash or cheque.
  • Low premiums: The premium amounts are very low compared to the sum assured, starting from just Rs. 5.92. The premium amounts increases as the policy tenure goes down. For example,
  • Nominee changes: You can change the nominees any time during the policy tenure.
  • Policy renewal: The policy can be renewed for up to 2 times if it lapses. If the policy is less than 3 years old, it lapses after 6 unpaid premiums, and if the policy is more than 3 years old, it lapses after 12 unpaid premiums.
  • Duplicate Policy Bond: If the original policy document is lost, torn, burnt or mutilated, a duplicate policy bond will be issued.

How Bal Jeevan Bima RPLI Works

To insure the life of your child, you can apply for a Bal Jeevan Bima RPLI policy at the post office. The policy will be in the name of a parent – father or mother – even though the primary beneficiary is the child. At the most 2 children of a family can be enrolled under the Bal Jeevan Bima policy. If a parent already has a Whole Life or Endowment Policy for a sum assured that is more than the amount of the Children Policy, then they can add on the Children Policy to their policy. Once the policy is bought, the parent or the primary policyholder is responsible for payment of premiums.

Medical examination of the child is not mandatory to take this policy, but the child should be healthy on the day of application for the policy. If the principal policyholder dies, the premiums do not need to be paid. The child will receive the sum assured along with bonus at the time of maturity. If the child dies before the end of the policy term, the amount shall be paid to the principal policyholder.

If the policyholder is unable to pay premiums due to a natural calamity such as earthquake, flood or drought in their area of residence, they do not have to pay any interest or fine as late payments charges for up to 12 months from the time of the calamity. 

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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Bal Jeevan Bima Rural Postal Life Insurance Plan Reviews

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  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. The policy is for 15 years. I am paying premium in the quarterly package the amount of 6 thousands which is nominal. While getting a policy my agent has given an information about the policy details. It covers myself and children. It is a jeevan anadha policy.
    Was this review helpful? 0
    , kanchipuram
    Reviewed on Oct 15, 2019
  • LIC
    LIC Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken my life insurance policy from LIC. It was a Jeevan Umang. Its almost 150 years old which covers for 95% and the people invested in LIC is higher when i compared to others. This policy has two benefits one its a life insurance policy and other is pension covered policy. After 60 of years of age, i will get the pension.
    Was this review helpful? 0
    , vellore
    Reviewed on Oct 15, 2019
  • LIC Life Insurance
    "Medium"
    0.5 3.0/5 "Satisfactory"
    One month before I have taken a personal loan so they made to take life insurance with LIC company. On one payment need to do fully. In case if we missed to do payment or for some other reason unable to do from insurance they will claim full amount. Myself applicable for 10 lakhs but taken for 5.5 lakhs.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Oct 14, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in LIFE INSURANCE CORPORATION OF INDIA on one year before. I am paying premium in the quarterly package for the amount of 2065 rupees.While getting a policy my agent has given an information about the policy details. It covers my mother only.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Oct 14, 2019
  • LIC Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy through LIC agent.This is a Money back policy and this tenure is for 25 years,I am paying the premium on monthly basis.I am paying Rs.2168 and paying the premium through online only .I have got the policy documents on time .I am really satisfied with the service so far.
    Was this review helpful? 0
    , tirupur
    Reviewed on Oct 14, 2019
  • ICICI Prudential Life Insurance
    "Average"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in ICICI PRUDENTIAL on 6 months before. The policy is for 15 years. Now I am paying premium for 25 thousands rupees. While getting a policy my agent has given an information about the policy details, however there are some charges applicable.
    Was this review helpful? 0
    , saharsa
    Reviewed on Oct 14, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIC on 1 year before. The policy is for 20 years. I am paying premium on monthly package. While getting a policy my agent has given an information about the policy details. It covers myself. The amount will get auto debit from my account. It is jeevan anadha policy.
    Was this review helpful? 0
    , saharsa
    Reviewed on Oct 14, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in LIFE INSURANCE CORPORATION OF INDIA on 8 years before. The policy is for 20 years. It is a jeevan anadha policy. I am paying premium in the yearly package paying for 12 thousands. While getting a policy my agent has given an information about the policy details. It covers up to myself.
    Was this review helpful? 0
    , erode
    Reviewed on Oct 14, 2019
  • SBI Life Life Insurance
    "Fine Policy"
    0.5 5.0/5 "Blown Away!"
    My friend has suggested me a money back from SBI LIFE. I got the policy 2 years before. I have been paying the premium amount of Rs. 7000 for every six months. I make the premium through ECS. Just for the savings purpose, i bought this policy.
    Was this review helpful? 0
    , dindigul
    Reviewed on Oct 14, 2019
  • Bajaj Allianz Life Life Insurance
    "Fine Policy"
    0.5 5.0/5 "Blown Away!"
    One of my asked me to join in a Bajaj allianz life insurance policy. This is also money back policy. I pay the premium amount of Rs. 5000 and i have chosen the quarterly payment mode. I bought the policy 8 years back. Once the amount got credited to my account.
    Was this review helpful? 0
    , dindigul
    Reviewed on Oct 14, 2019
  • LIC Life Insurance
    "Excellent Policy"
    0.5 5.0/5 "Blown Away!"
    There is no reason for choosing the life insurance policy from LIC. I hold a money back policy because every 5 years, i get the full money back to my account. I have been paying the premium amount of Rs. 1500 every month. I have no idea about the sum assured amount and the policy has a term of 15 years.
    Was this review helpful? 0
    , dindigul
    Reviewed on Oct 14, 2019
  • Exide Life Insurance
    "Good term policy"
    0.5 4.0/5 "Great!"
    I have chosen the life insurance policy from Exide because its easy approved term policy which covers Rs. 30 lakhs for any type of death. Its covers for both life and accidental. I have been paying the premium amount of Rs. 10,200 and i have chosen the yearly payment mode. This policy covers upto 52 years of my age.
    Was this review helpful? 0
    , gudivada
    Reviewed on Oct 13, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 3.0/5 "Satisfactory"
    I have Life Insurance policy which was directly taken through LIC agent .This policy tenure is for 15 years and i am paying the premium within 6 months .I have got all the details about the insurance policy very clearly through the agent and paying the premium through agent.I am really satisfied with the service so far.
    Was this review helpful? 0
    , erode
    Reviewed on Oct 13, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I'm getting the complete benefits in LIC. I took the life insurance policy 15 years back. I have been paying the premium amount of Rs.7000 for every six months once. They have offered me a term period of 20 years. I make the premium in their branch by cash.
    Was this review helpful? 0
    , sawai madhopur
    Reviewed on Oct 13, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIFE INSURANCE CORPORATION OF INDIA on 5 months back. The policy is for 16 years and the policy name is Jeevan labh. I am paying premium in yearly package for nearly 30 thousands . While getting a policy my agent has given an information about the policy details. It covers up to myself. I visit directly to office to do the payment.
    Was this review helpful? 0
    , nellore
    Reviewed on Oct 13, 2019
  • LIC Life Insurance
    "Believable policy"
    0.5 4.0/5 "Great!"
    I bought the life insurance policy from LIC because we all believe in LIC and its undertaken by the Government. I bought the jeevan Anand policy. I am paying the premium amount of Rs. 1599 for every quarter. They are providing the sum assured amount of Rs. 2 lakhs. The policy term is 20 years.
    Was this review helpful? 0
    , bikaner
    Reviewed on Oct 13, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 3.0/5 "Satisfactory"
    I had taken a life insurance in LIC on 21 years before. The policy is for 15 years. I was paying premium on monthly package for the amount of 800 rupees. While getting a policy my agent has given an information about the policy details. I closed the policy and settled the amount on time.
    Was this review helpful? 0
    , tirupur
    Reviewed on Oct 13, 2019
  • Shriram Life Life Insurance
    "Need to decrease charges"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in SHRIRAM LIFE on 3 months before. The policy is for 10 years. I am paying premium in the yearly package of 15 thousands. There is some additional charges of 4.5% for GST. While getting a policy my agent has given an information about the policy details. It covers my whole family.
    Was this review helpful? 0
    , dharmapuri
    Reviewed on Oct 12, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIC on 2 years before. The policy is for 20 years. I am paying premium in the quarterly package. While getting a policy my dad is an agent has given an information about the policy details. It is a jeevan anadha policy scheme. It covers up to myself.
    Was this review helpful? 0
    , mangalore
    Reviewed on Oct 12, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    On 7 years before I had taken a life insurance in LIFE INSURANCE CORPORATION OF INDIA. The policy is for 18 years. I am paying premium on yearly basis for the amount of 7 thousands. While getting a policy my agent has given an information about the policy details and provided documents as well. I use to do payment by providing cash to an agent.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Oct 12, 2019
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