Gram Suraksha Yojana Post Office Scheme Details & Benefits

Gram Suraksha Rural Post Life Insurance Scheme which is also known as RPLI Scheme which offers good returns with low risk. This scheme is initiated by the Indian Post for the persons who are looking for a safe investment for their money. Under the Gram Suraksha Yojana Post Office, the sum assured and the bonus is provided according to Post office Gram Suraksha Scheme Calculator to the nominee at reaching the age of 80, or in the event of death, his lawful heir, whichever comes first.

Gram Suraksha Yojana Post Office
Gram Suraksha Yojana Post Office

In this article, we are going to discuss Post Office Gram Suraksha Scheme details, Eligibility, Post Office Gram Suraksha Yojana Calculator, Benefits, Key highlights, and other related details of Gram Suraksha Yojana Post office. There is also an option to convert your policy into Endowment Assurance – Gram Santosh Policy.

Post Office Gram Suraksha Scheme Details

The Postal Life Insurance Scheme in Post Office is a low-risk scheme which covers a whole life and provides a maximum sum assured of Rs. 1 Lakh. The Post Office Suraksha Scheme also offers the insured person for loans, surrenders, and conversion. The Postal Life insurance scheme-Suraksha is the one scheme that provides bonuses but charges a low premium. We have also provided Post Office Gram Suraksha Scheme Calculator in the below section.

The main aim of Gram Suraksha Yojana Post Office is to encourage people in rural areas to invest in life insurance schemes. The Post office gram sumangal rural postal life insurance scheme is a whole life assurance plan which assured the maximum sum of Rs 1 Lakh. The best part of the Gram Suraksha Rural Post Life Insurance scheme is that it can be transferred anywhere in India to any of the post offices. This scheme also includes tax benefits.

Important Facts about Gram Suraksha Rural Postal Life Insurance Scheme

Insurance TypeWhole Life Assurance Plan
Amount AssuredRs 1 Lakh
Premium Payment TermMonthly, Quarterly, Half Yearly, Annually
Benefits1. The nominee is entitled to receive death benefits in case the insured dies during the policy term
2. The insured will receive the sum assured plus bonuses on the maturity of the scheme.
Policy revivalYou can restart your policy by paying all the unpaid premiums.
MedicalIf you do not want to undergo a medical examination, the highest sum promised is Rs 25000 and the maximum age for entry is 35.
SurrenderYou can surrender your policy after years. and there should be no due premium.
ConversionThere is also an option to convert your policy into Endowment Assurance – Gram Santosh Policy.
LoanThe insured person can also apply for a loan provided after paying premiums for 48 months. The interest on the loan will be charged 10%.
Tax BenefitsThe insured person is entitled to claim Tax Benefit under section 80C and Section 88 under the Income Tax Act, 1961.

Gram Suraksha Yojana Post Office Eligibility Criteria

The following are the criteria norms fixed by the Indian post to apply for Gram Suraksha Rural Postal Life Insurance Scheme:

  • The Employees of Central and State Govrnement can apply for this scheme.
  • The Departmental agents can take this insurance scheme.
  • The employees of Defence service and Governemnt aided educational institution and Universities.
  • Industrial workers
  • The employees of Mahanagar Palika, Zila Parisad, Municipalities.
  • The employees of Nationalized banks and RBI or SBI Subsidiaries.
  • Central and State Governemnt undertakins, borads, corporations, organizationa nad financial institutions.
  • The Minimum entry age is 19 years and the maximum entry age is 45 years.
  • The maximum age at Maturity is 55, 58 and 60 years.

Post Office Gram Suraksha Scheme Calculator

Most people ask about the Post office Gram Suraksha Yojana Calculator to calculate the exact amount of scheme benefits. For Example: If a person purchases a Rs 1000000 insurance coverage under the Gram Suraksha Yojana at the age of 19, he will have to pay Rs. 1515 for 55 years, 1463 for 58 years, and 1411rupees for 60 years. This type of insured person will receive a maturity benefit of 31.60 lakh rupees for 55 years, 33.40 lakh rupees for 58 years, and 34.60 rupees for 60 years.

Key Highlights and benefits of Gram Suraksha Yojana Post Office

  • The person must be a citizen of India.
  • The minimum and maximum range of insurance is Rs.10,000 to Rs. 1,00,000.
  • Quarterly, half year or annually premium options are availble in Gram Suraksha Rural Life Insurance Scheme.
  • The discount of up to 30 days are also provided on availing insurance under Gram Suraksha Yojana to pay its premium.
  • In case the Gram suraksha Yojana stops in the middle, you can start it again by paying all the outstanding amount of premium.
  • The insured person can also apply for loan after 4 years of getting the insurance.
  • You can also discountinue the policy after 3 years but then you will be no longer able to claim any further benefits.
  • The bonus rate, which is paid under Post Office Gram Suraksha scheme, is Rs 65/- per Rs. 1000.
  • There is also an option to convert your policy into Endowment insurance Gram Santosh Policy.

Contact Details of Gram Suraksha Yojana Post Office

Toll Free Number – 1800 180 5232/ 155232

Official website- www.pli.indiapost.gov.in.

Is PLI better than LIC?

PLI schemes offer a bonus that is comparatively high than LIC schemes. also, PLI schemes have a low rate of premium compared to LIC schemes.

Which plan is best in PLI?

Here is the list of the best 6 Postal Life Insurance (PLI ) Plans for government employees.
1. Whole Life Assurance (Suraksha)
2. Endowment Assurance (Santosh)
3. Convertible Whole Life Assurance (Suvidha)
4. Anticipated Endowment Assurance (Sumangal)
5. Joint-Life Insurance (Yugal Suraksha)
6. Children Policy (Bal Jeevan Bima)

What is the interest rate of PLI?

The interest rate of PLI is 10% per annum.

Can we pay PLI Online?

Yes, you can pay your premium amount on PLI Customer portal.

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