Rural Postal Life Insurance RPLI Plans & Scheme Details

The Rural Postal Life Insurance Scheme (RPLI) was started in 1993 to cover up the rural areas of the country. This scheme is a big reform in the insurance sector of country as in 1993 there were only 22% insured population under this scheme. But now there are 23.52 million people who are insured under RPLI scheme. Rural Postal Life Insurance is a wide network which provide insurance to the rural people who are economically weak and to the rural women workers. A similar scheme called Postal Life Insurance for employees also.

Benefits and Features of Rural Postal Life Insurance (RPLI)

It is one of the beneficial schemes for the people of rural areas. Here are some features and benefits of the Rural Postal Life Insurance (RPLI).

  • RPLI scheme  is offering the lowest premium in the insurance market and highest cover up for the premium for the rural public.
  • The insured people under this scheme can also take the benefit of loan against the insurance.
  • Under this scheme the rural people can also assign their policy to any financial institution for the loan facility.
  • The Rural Postal Life Insurance (RPLI) offers the benefits for the tax rates under the section 80C of Income Tax Act (ITA)
  • The policy holders under this scheme can change the name of the nominees of the insurance.
  • Minimum amount of Rs 10000 and the maximum amount of Rs 10 lakh can be invested

Eligible persons for Rural Postal Life Insurance (RPLI)

  • The people who are living outside the boundaries of the municipal of any city or town means The people who are living in the rural areas are eligible for the Rural Postal Life Insurance (RPLI)

Plans in Rural Postal Life Insurance (RPLI)

There are six plans which are offered by Rural Postal Life Insurance (RPLI)

  • Whole Life Insurance (Grama Suraksha)
  • Convertible Whole Life Insurance (Grama Suvidha)
  • Endowment Insurance (Grama Santosh)
  • Anticipated Endowment Insurance ( Grama Sumangal)
  • 10 year Rural Postal Life Insurance (Grama Priya)
  • Children Policy (Bal Jeevan Beema)

The government has approved the recommendation of Malhotra committee that there must be the increase in the coverage of  postal life insurance in the rural areas. Generally the main objective of this scheme is to provide the insurance cover to the rural public and to the weaker sections of the rural areas. In rural area this is spread with its main aim to make awareness among the people of the rural areas.

For more information visit Indian post website

Toll Free No 1800-180-5232/155232

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