Rural Postal Life Insurance

Gram Suvidha - A Convertible Whole Life Assurance Scheme

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

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

(Premia ceasing at the age of 50, 55, 58 & 60. Payment of premia at least 5 years)

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

* Maximum Sum Assured of Rs. 1 lac.
* Insurance cover starts from the date of acceptance
* Gram Suvidha can be converted into Gram Santosh after five years
* Maturity at the age of 50, 55 or 58 years after coversion
* Eligible for loan after payment of premia for 48 months
* Interest on loan @ 10%
* Surrender of policy allowed after payment of premia for 36 months
* Assignment facility available
* 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