Gram Priya Rural Postal Life Insurance Scheme
The RPLI or Rural Postal Life Insurance was started as an upshot to recommendations of the Malhotra Committee. In the year 1993, it was observed by the Committee that 22 percent of the total insurable population are insured in this country. The recommendations of the Malhotra Committee were accepted by the Government and Postal Life Insurance was allowed to extend their coverage to the different rural sectors.
Eligibility Conditions for GRAM PRIYA Rural Postal Life Insurance
|Employees who are eligible
|Minimum Entry Age
|Maximum Entry Age
Key Features of GRAM PRIYA Rural Postal Life Insurance
|Commencement of Insurance
||The insurance coverage starts from the acceptance date
|Minimum Assured Sum
|Maximum Assured Sum
Benefits / Advantages of GRAM PRIYA Rural Postal Life Insurance
- In case of natural calamities like flood, earthquake, cyclone, drought, etc. no interest will be charges till 1 year arrear of premia.
- The amount payable as survival benefit is given below
|At the end of four years
|At the end of seven years
|At the end of ten years
||60 percent with bonus
- Surrender Value is not payable.