Rural Postal Life Insurance

Gram Santhosh - An Endowment Assurance Scheme

What is Endowment Assurance Scheme ?

Under this scheme the proponent is given an assurance to the extent of the Sum Assured accrued bonus till he/she attains the pre-determined age of maturity. In case of unexpected death of the insurant, the assignee, nominee or the legal heir will get the full Sum Assured together with the accrued bonus.

What is the age limit to open the policy in respect of the Endowment Assurance Scheme (Gram Santosh) under Rural Postal Life Insurance?

* Minimum age at entry is 19 years
* Maximum age at entry is 55 years

Premium ceasing at the age of 35, 40, 45, 50, 55, 58 & 60
(Payment of premia for at least 5 years)

What are the salient features of Endowment Assurance Scheme (Santosh)?

* Maximum Sum Assured of Rs. 1 lac.
* Insurance cover starts from the date of acceptance.
* Eligible for loan after payment of premia for 36 months
* Interest rate @ 10% on loan
* Surrender allowed after payment of premia for 36 months
* Assignment facility available
* Can be converted into Suraksha (Whole Life Assurance)
* No medical examination required if age is 35 years or less and Sum Assured is not more than Rs. 1 lac.
* Nomination facilty is available
* Income tax rebate under section 80-C of Income Tax Act.

Mr. Manik Das Deputy Divisional Manager (PLI) Office of the Chief Postmaster General, Assam Circle Meghdoot Bhawan Guwahati - 781001. Phone: 0361-2547385 email : pli_assam@yahoo.co.in