This plan was started in 1993 as a recommendation by the Malhotra Committee to improve the insurance scenario in India as only 22% of the total population was insured. Today this plan has extended its coverage to various rural areas in India.
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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
Salaried Professionals
Minimum Entry Age
19 years
Maximum Entry Age
45 years
Key Features of GRAM PRIYA Rural Postal Life Insurance
Commencement of Insurance
The insurance coverage starts from the acceptance date
Minimum Assured Sum
Rs. 10,000
Maximum Assured Sum
Rs. 5,00,000
Nomination Facility
Available
Assignment Facility
Available
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
20 percent
At the end of seven years
20 percent
At the end of ten years
60 percent with bonus
Surrender Value is not payable.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
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Gram Priya Rural Postal Life Insurance Scheme Reviews
15 years back, i bought the life insurance policy from SBI LIFE. Actually my salary account is lying with SBI and they have approached me hence i bought the policy from them. I have paid the premium amount of Rs. 35000 which is a one time payment. This is a 13 years term policy. Sum assured amount is Rs. 1 lakhs.
Purchased my life insurance policy from LIC. One of friend engaged with insurance business since he approached me, i bought the policy from him. This is a tax benefits policy. I am paying the premium amount of Rs. 4000 every month. In the year of 1996, i have bought the plan and i make the premium through online.
I have taken a life insurance in LIC on 5 years before. The policy is for 20 years. I am paying premium in the half yearly package. While getting a policy my agent has given an information about the policy details. I use to do payment through an online.
I have taken LIC policy directly through the agent .The name of this policy was Bhartiya Jeevan Bhima policy .This policy premium os paid on montly mode.I am paying te premium amount of Rs.615.The agent gave all the required information about the policy details very clearly .I am paying the premium through online as well as agent .
I have a life insurance with Kotak General and it was referred by a friend. I don't have customer service experience and never compared the benefits. I have paid almost Rs.3500 for a quarter. The policy coverage is 10 years and the benefits are okay.
My company has provided me a life insurance policy from ICICI Prudential. Its a life insurance policy which gives for the customer who takes the loan. This policy has a coverage value of Rs. 10 lakhs. I'm paying the premium amount of Rs. 5000 and i have chosen the annual payment mode.
I have taken a life insurance in LIC on 13 years. The policy is for 20 years and it is jeevan anadha. I am paying premium in the yearly package for the amount of 5 thousands. While getting a policy my agent has given an information about the policy details.
Before 3 years I took Jeevan Suraksha plan in LIC for my daughter, quarterly I used to pay Rs.2500 it has term of 10 years. Then I get sum assured, bonus interest and they do have life coverage for certain demise. Generally I make the payment through the executive.
The policy is nice from LIC. I have chosen LIC because some of my colleague is working as a LIC agent hence i purchased the policy from him. I'm paying the premium amount of Rs. 10000 for each quarter. Its for 10 years term policy. I'm satisfied with the sum assured amount and this is tax benefits policy.
Purchased the life insurance policy from Bajaj Finserv when i got the Bajaj card, they have given the policy 4 months ago. I have been paying the premium amount of Rs. 1300 and the sum assured amount is Rs. 20 lakhs and i make the premium through online.
I have taken a life insurance in LIC on 10 years. The policy is for more than 15 years and name for the policy is jeevan anadha. I am paying premium in the quarterly package and amount which was paying higher of 3 thousands. While getting a policy my agent has given an information about the policy details.
Claims are better in LIC. Earlier i had a money back policy and its money savings and tax benefits policy. I have chosen the monthly payment mode. When my policy got over but from ECS my money is automatically deducted to LIC account, they themselvves resolves this issue even though i have not given any request to stop the payment.
I have bought a life insurance from Life Insurance Corporation of India. LIC is having a better products. Generally i wont use the customer care and directly i used to visit the branch and the peoples are good. My premium payment has been deducted through ECS. The people are genuine. I'm satisfied with the sum assured amount provided by them. Once the policy is getting matured, directly they will credited the money back to my account.
I pay Rs. 10,000 each per annum for three policies, my parents started from my childhood. LIC is not a right choice to invest the money for long terms but they are providing financial security for the certain demise. The customer care needs lots of improvement interms of professional service.
I have taken Life Insurance policy through LIC agent .This policy is very useful .I have got all the required details about the policy through the agent .This policy tenure is for 15years .This policy is still active and i am paying the premium through online and branch .There was no difficulties faced so far .
I have taken a life insurance in LIC on 10 years before. The policy is for 20 years. I am paying premium in the quarterly package. Before agent given all the details but now days there is no proper update from their end and not sending remainder messages to send so that once I missed to pay so they had charged for 1000 rupees.
I have taken Life Insurance policy through LIC agent .This policy name is Barathi Jeevan Bhima .I have got all the required details about the policy through the agent .This policy tenureis for 20 years .Thispolicy is still active and i am paying the premium through online and branch .
I have taken Life Insurance policy through LIC agent .The policy name is Jeevan Anand and the tenure is for 18 years.I am paying the premium on half yearly basis .I am paying the premium through online and sometime through agent .While submitting the documents the process was smooth .
Recently 2 to 3 policies matured with LIC and am paying premium for one more policy, I think its called JEEVAN ANAND because taken long back. I am not satisfied with the benefits and the sum assured is not upto the mark. The payment mode is auto debit.
I have money back plan with LIC, I activated in 2007 but it get over at 2040. I need to pay monthly premium around Rs. 1027+ gst, there is a waiting period of 20 years then I get the sum assured, they are providing life coverage for the certain demise as well. The agents are helpful interms of resolving the queries.
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