What is the RPLI Endowment Assurance (Gram Santosh) Plan?
The RPLI Endowment Assurance Plan, also known as Gram Santosh, is a life insurance policy under the Rural Postal Life Insurance (RPLI) scheme. It offers a combination of life protection and savings for individuals living in rural areas of India. This policy provides a lump sum amount on maturity or in case of unfortunate death, whichever occurs earlier.
Gram Santosh is designed especially for rural citizens who want to secure their family's financial future while building a savings corpus. Whether you’re a farmer, self-employed, or a small business owner in a village or small town, this policy gives you affordable and reliable life cover with maturity benefits.
Use our RPLI Gram Santosh Calculator to check your premium, bonus, and maturity value instantly before you invest.
Why Choose the Gram Santosh Policy?
The Gram Santosh plan is ideal for people living in rural India who are looking for:
- Life protection with savings: It gives financial coverage along with a maturity benefit.
- Guaranteed returns: You receive the sum assured plus accrued bonuses on maturity.
- Low and flexible premium options: Premiums can be paid monthly, quarterly, half-yearly, or yearly.
- Government assurance: The policy is backed by the Government of India through India Post.
- Tax benefits: Premiums qualify under Section 80C, and maturity amount is tax-free under Section 10(10D).
This plan is a great alternative to bank savings or recurring deposits — with the added benefit of insurance coverage.
How to Use the Gram Santosh Calculator
To calculate your premium and benefits easily, use our Gram Santosh Premium Calculator. Here’s how:
- Step 1 – Enter Your Date of Birth: This helps the tool calculate your age on your next birthday, which determines the premium amount.
- Step 2 – Enter Sum Assured: Enter the amount you want to insure. It can be between ₹10,000 and ₹10 lakh (depending on eligibility).
- Step 3 – Choose Maturity Age: Select the age at which you want the policy to mature. This usually ranges from 35 to 60 years.
- Step 4 – Click "Calculate Premium": Once all values are entered, click the button to get your premium breakdown.
- Step 5 – Review the Results: The calculator will show:
- Your next birthday age
- Premiums for different frequencies (monthly to yearly)
- Estimated bonus and total maturity value
- Total amount paid and total benefit received
The calculator gives you clarity on cost vs return before you buy the policy — saving you time and effort.
Key Features of the RPLI Gram Santosh Plan
- Entry Age: 19 to 55 years
- Maturity Age: Maximum 60 years
- Sum Assured: ₹10,000 to ₹10 lakh
- Policy Term: Minimum 10 years
- Loan Facility: Available after 3 years of policy
- Surrender: Allowed after 3 years (no bonus if surrendered early)
- Bonus: Last declared bonus was ₹52 per ₹1,000 sum assured annually
- Premium Payment: Available in monthly, quarterly, half-yearly, or annual modes
Who Should Consider This Plan?
The Gram Santosh policy is suitable for:
- Farmers and agricultural workers
- Self-employed villagers and rural traders
- Small business owners in rural and semi-urban areas
- Women and homemakers looking for safe investment options
If you want affordable insurance with guaranteed maturity benefits and bonus — backed by the Government of India — this plan is for you.
Benefits of Choosing RPLI
- Government-Backed Trust: RPLI is operated by India Post and guaranteed by the Indian government.
- Low Premiums: Especially designed for rural India with affordable costs.
- Tax Benefits: Enjoy tax savings on premiums and returns.
- Wide Accessibility: Available in every village through the postal network.
- Safe & Risk-Free: There’s no market risk involved like mutual funds or stocks.
Conclusion
The RPLI Endowment Assurance (Gram Santosh) policy is a simple and secure way to protect your family while also saving for the future. It combines life insurance with maturity benefits, offers annual bonuses, and gives peace of mind to rural policyholders.
Use our Gram Santosh Premium Calculator to estimate your premiums and maturity value today. It’s fast, free, and designed to help you make informed decisions.
To explore more RPLI plans and benefits, visit our home page or check out the official India Post RPLI website.
Frequently Asked Questions (FAQ)
What is the RPLI Endowment Assurance (Gram Santosh) Plan?
This is a life insurance policy that offers both protection and savings benefits. It provides financial security to your family in case of unfortunate events while helping you build a corpus for future goals.
How is the bonus calculated?
Bonus is calculated annually at ₹48 per ₹1000 sum assured. The bonus amount is added to your policy and paid at the time of maturity or claim settlement.
Can I surrender the policy?
Yes, you can surrender the policy after 3 years. The surrender value will be paid based on the premiums paid and the policy duration.
What are the tax benefits under this policy?
Premiums paid under this policy are eligible for tax deduction under Section 80C of the Income Tax Act. The maturity benefits are also tax-exempt under Section 10(10D).
Can I take a loan against this policy?
Yes, you can avail of a loan after 4 years of policy duration. The loan amount is up to 90% of the surrender value.