What is the RPLI Whole Life Assurance (Gram Suraksha) Plan?
The RPLI Whole Life Assurance Plan, commonly known as Gram Suraksha, is a rural life insurance policy offered by Rural Postal Life Insurance (RPLI). It provides life cover for the entire life of the policyholder (up to 80 years) and guarantees the payment of the sum assured along with accrued bonuses either on reaching age 80 or upon the policyholder’s unfortunate demise—whichever comes first.
This plan is especially designed for individuals living in rural areas who want long-term financial protection for their families. With low premiums and the security of government-backed insurance, Gram Suraksha ensures peace of mind throughout your life while helping you build a financial legacy.
To calculate the premium, bonus, and maturity value of this plan, you can use the RPLI Gram Suraksha Calculator.
Why Choose the Gram Suraksha Policy?
The Gram Suraksha policy is ideal for individuals in villages or small towns who want:
- Lifelong protection: The policy offers life cover up to 80 years of age.
- Guaranteed maturity or death benefit: The sum assured is paid either upon death or on attaining 80 years, whichever is earlier.
- Low premium, high security: Affordable premiums tailored for rural populations.
- Annual bonuses: Accrued every year, increasing the total benefit over time.
- Loan and surrender facilities: Available after a certain period.
It is a perfect policy for those who want to leave behind a financial cushion for their family members.
How to Use the Gram Suraksha Premium Calculator
The RPLI Gram Suraksha Calculator is a free and easy-to-use online tool that helps you estimate your premium and policy benefits. Here’s how you can use it:
- Step 1 – Enter Your Date of Birth: This helps determine your age on your next birthday, which is essential for premium calculation.
- Step 2 – Input Sum Assured: Enter the amount you wish to insure, which can range from ₹10,000 to ₹10 lakh.
- Step 3 – Choose Maturity Age: Although it’s a whole life plan, select an age at which you want to review the maturity value (typically up to 80 years).
- Step 4 – Click "Calculate Premium": After entering all fields, click to get detailed results.
- Step 5 – Review the Output: You’ll see:
- Your age on next birthday
- Premium amounts (monthly, quarterly, half-yearly, yearly)
- Estimated bonus and total maturity value
- Total premiums paid and net gain
This tool helps you make an informed decision before buying the policy and plan your finances efficiently.
Key Features of the RPLI Gram Suraksha Policy
- Entry Age: 19 to 55 years
- Policy Coverage: Life cover up to age 80
- Minimum Sum Assured: ₹10,000
- Maximum Sum Assured: ₹10 lakh (in multiples of ₹1,000)
- Bonus: Last declared bonus was ₹76 per ₹1,000 sum assured per year
- Loan Facility: Available after 4 years of continuous premium payment
- Surrender Value: Available after 3 years
- Conversion: Can be converted to an Endowment Assurance Plan before the policyholder turns 59 years
Who Should Opt for This Plan?
This plan is best suited for:
- Farmers and agricultural laborers
- Self-employed individuals and rural business owners
- Daily wage earners in villages
- Anyone looking for low-cost insurance with guaranteed returns
It’s especially beneficial for people who want to create a long-term financial safety net for their dependents.
Benefits of Rural Postal Life Insurance (RPLI)
- Government-Backed Policy: Full reliability and assurance as it is offered by the Department of Posts.
- Affordable Premiums: Specifically tailored for rural income groups.
- Wide Reach: Available across every village through India Post’s vast network.
- Tax Savings: Premiums are tax deductible under Section 80C and maturity is tax-free under Section 10(10D).
- No Risk of Market Loss: Completely safe with guaranteed returns.
Conclusion
The RPLI Whole Life Assurance (Gram Suraksha) plan offers a solid combination of lifelong protection, government-backed security, and yearly bonuses. It’s a great option for rural individuals looking to safeguard their family’s future with an affordable and flexible policy.
Use our Gram Suraksha Calculator to calculate your premium, bonus, and maturity value in just a few clicks. It's free, easy to use, and helps you plan with confidence.
For more details about other RPLI or PLI schemes, visit our home page or check the official India Post RPLI page.
Frequently Asked Questions (FAQ)
What is RPLI Whole Life Assurance (Gram Suraksha)?
This is a life insurance policy that offers lifelong coverage, providing financial security to the policyholder and their family in case of the policyholder's death or upon reaching the age of 80 years.
How is the bonus paid?
Bonus is calculated annually at ₹60 per ₹1000 sum assured, and it is paid to the policyholder or their legal representatives at the time of claim.
Can I surrender the policy?
Yes, you can surrender the policy after 3 years, but the policy will not be eligible for bonus if surrendered before 5 years.
Can I convert this policy to an Endowment Assurance Policy?
Yes, the policy can be converted into an Endowment Assurance Policy until the age of 59 years, but the conversion cannot be made within one year of the cessation of premium payments or the maturity date.
What is the loan facility for this policy?
You can avail of a loan after 4 years of policy duration.