RPLI Endowment Assurance (Gram Santosh) Insurance Policy Calculator
Calculation Results for RPLI Endowment Assurance (Gram Santosh) Insurance Plan
| Parameter | Value |
|---|---|
| Insurant's Age on Next Birthday | -- |
| Age on Maturity | -- |
| Sum Assured | -- |
| Policy Tenure | -- |
| Bonus Rate at Present | ₹ 48/- per ₹ 1000 sum assured per year |
| Payment Frequency | Premium without GST |
|---|---|
| Monthly | -- |
| Quarterly | -- |
| Half-Yearly | -- |
| Yearly | -- |
| Payment Frequency | Premium with GST |
|---|---|
| Monthly | -- |
| Quarterly | -- |
| Half-Yearly | -- |
| Yearly | -- |
| Payment Frequency | Renewal Premium |
|---|---|
| Monthly | -- |
| Quarterly | -- |
| Half-Yearly | -- |
| Yearly | -- |
| Policy Maturity Date | -- |
| Sum Assured | -- |
| Bonus | -- |
| Maturity Value | -- |
| Payment Frequency | Total Installments |
|---|---|
| Monthly | -- |
| Quarterly | -- |
| Half-Yearly | -- |
| Yearly | -- |
| Payment Frequency | Amount Without GST | Amount With GST |
|---|---|---|
| Monthly | -- | -- |
| Quarterly | -- | -- |
| Half-Yearly | -- | -- |
| Yearly | -- | -- |
Share if you like
Disclaimer: The calculations provided by this PLI calculator are based on the information you enter and are for general guidance only. Premium amounts may vary depending on changing conditions, values, and other factors specific to your situation. We do not guarantee the accuracy of the results, and you should consult with your insurance provider for precise premium rates and policy details before making any financial decisions.
Introduction to RPLI Endowment Assurance (Gram Santosh) Plan
The RPLI Endowment Assurance (Gram Santosh) policy offers life insurance coverage, guaranteeing the policyholder receives the assured sum and accrued bonuses upon reaching the selected maturity age. Maturity options range from 35 to 60 years, including 35, 40, 45, 50, 55, 58, and 60. In the event of the policyholder’s passing, the full assured amount, along with any accumulated bonuses, is paid to the nominee, assignee, or legal heir.
Benefits of RPLI Endowment Assurance (Gram Santosh) Plan
The RPLI Endowment Assurance (Gram Santosh) offers both insurance coverage and a savings component. Here are some key benefits of this plan:
Death Benefit: If the policyholder passes away before the policy’s maturity date, their nominee will receive the death benefit.
Maturity Benefit: If the policyholder lives to the maturity date, they can claim the maturity benefit.
Loan Benefit: Policyholders with RPLI plans can take a loan against the sum assured, but they’re eligible for this option only after the policy has been active for at least three years.
Tax Benefits: You can also enjoy tax deductions under Section 80C of the Income Tax Act for the premiums paid towards this plan.
Key Features of RPLI Endowment Assurance (Gram Santosh) Plan
Here are the key features of this scheme:
- Eligibility: Open to applicants aged 19 to 55 years.
- Sum Assured: Minimum ₹10,000, maximum ₹10 lakh.
- Loan Availability: Loans can be taken after three years of policy activity.
- Surrender Terms: The policy may be surrendered after three years, but no bonus is paid if surrendered before five years. After five years, a proportionate bonus is offered on the reduced sum assured.
- Bonus Rate: The most recent declared bonus is ₹48 per ₹1,000 sum assured annually.
Check the official website of PLI (Postal Life Insurance): link
Eligibility Criteria
The eligibility for the RPLI Endowment Assurance (Gram Santosh) Plan depends on a few key factors:
- Age at Entry: Applicants should be between 19 and 55 years old.
- Minimum Sum Assured: The coverage amount can range from ₹10,000 to ₹10,00,000.
- Age at Maturity: The policy matures at ages 35, 40, 45, 50, 55, 58, or 60.
- Loan Facility: Available after 3 years from the policy’s inception.
- Eligible Employee Groups: The following groups qualify for this plan:
- Central Government employees
- Professionals like doctors, engineers, management consultants, architects, lawyers, and chartered accountants
- Para-military and defense personnel
- Public Sector Undertakings (PSUs) employees
- Employees in financial institutions, nationalized and commercial banks
- Central and State Government employees
- Local government staff, such as those in municipal corporations
- Members of autonomous bodies and government agencies
- Department of Posts employees
- Staff of NAAC, AICTE, and Medical Council of India-recognized universities
- Employees of government-aided educational institutions
- Reserve Bank of India (RBI) staff
- Members of credit cooperative societies
Premium Payment Options
How to use the RPLI Endowment Assurance (Gram Santosh) Premium Calculator?
Our RPLI Endowment Assurance (Gram Santosh) Premium Calculator is designed for all users who want to calculate their premium and maturity benefits for the RPLI Gram Santosh Plan.
First, visit our website then
1) Select Your Policy Type: Start by selecting the RPLI Endowment Assurance (Gram Santosh) policy type
2) Enter Key Details: Next, input important information such as your age, the sum assured, the policy term, and the age at maturity.
3) Calculate Premium Based on Rates: Click the “Calculate” button to view your results. You’ll get a breakdown that includes:
- Age at Maturity
- Policy Tenure
- Bonus Rate
- Premium (excluding GST)
- Payment Frequency (monthly, quarterly, half-yearly, or yearly)
- Detailed Maturity Value