Rural Postal Life Insurance

Gram Suraksha - It is a Whole Life Assurance Scheme

What is the age limit to open the policy in respect of the Whole Life Assurance Scheme (Gram Suraksha) 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  55, 58 & 60
(Payment of premia for at least 5 years)

What are the salient features of Whole Life Assurance Scheme (Gram Suraksha)?

* Maximum Sum Assured of Rs. 1 lac.
* Insurance cover starts from the date of acceptance of proposal to the exten of Sum assured with accrued bonus
* Maturity amount is payable only to the assignee, nominee or the legal heir after death of the insurant
* Higher bonus and lower premia than the endowment policy
* Eligible for loan after payment of premia for 48 months
* Interest rate @ 10% on loan
* Surrender allowed after payment of premia for 36 months
* Assignment facility available
* Can be converted into Endowment Assurance Policy (Gram Santosh)
* 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