RPLI CALCULATORS


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How to Use Rural Postal Life Insurance Calculator

Rplicalculator.com is an online tool used for premium calculation for an RPLI policy. Learn how to use this calculator by following the steps mentioned below. You can also use it as an RPLI maturity calculator.

  1. Visit our site rplicalculator.com and select the calculator as per your need.
  2. Enter the sum assured.
  3. Enter the date of birth.
  4. Select the maturity age.
  5. Click on the “Calculate” button.

Once you hit the calculate button, you will see the premium tables with premium payment terms, years of the policy term, policy tenure, etc. This calculator can calculate the maturity benefits, total premium paid, premium rates, and premium amounts for monthly, quarterly, half-yearly, and yearly payment modes.

The best part of Postal Life Insurance plans is that the rural public can now buy an RPLI policy online. To buy online, visit the official website pli.indiapost.gov.in.


What is RPLI Policy?

Rural Postal Life Insurance (RPLI) was introduced on March 24, 1995, based on the Malhotra Committee’s recommendations. this committee wants to Reform the Insurance Sector by extending the coverage of postal life insurance to the rural areas through the branch postmasters after getting approved by the government India Rural Postal Life Insurance (RPLI) is a life insurance scheme launched on March 24, 1995, to provide affordable life insurance solutions to people living in rural areas. The Department of Posts offers two insurance schemes: PLI and RPLI.

  • PLI: For specific professional groups like the central govt. employees, state government employees, doctors etc.
  • RPLI: Target the rural regions of India to provide insurance coverage for the rural populations.

Rural postal life insurance benefits women and people from weaker sections of society, people who are not eligible for a term life insurance or any other saving plan, RPLI can fill all the requirements for this section of people. not only that anyone who lives in rural regions of India is eligible to take an RPLI policy.


Eligibility Criteria

  • Who lives in rural areas in India.
  • Minimum & Maximum Age at Entry: 19–55 years
  • Minimum Sum Assured: ₹10,000
  • Maximum Sum Assured: ₹10 lakh

How Many Plans Are Available in RPLI?

RPLI schemes are divided in six different plans:

  1. Whole Life Assurance (Gram Suraksha)
  2. Convertible Whole Life Assurance (Gram Suvidha)
  3. Endowment Assurance (Gram Santosh)
  4. 10-Year Rural PLI (Gram Priya)
  5. Anticipated Endowment Assurance (Gram Sumangal)
  6. Children Policy (Bal Jeevan Bima)

Minimum and Maximum Sum Assured in RPLI

  • Minimum Sum Assured: ₹10,000
  • Maximum Sum Assured: ₹10 lakh (₹1 lakh for the Children Policy)

Documents Required for RPLI

  • ID Proof: Aadhaar Card, PAN Card, Voter ID, Driving License, Passport, etc.
  • Address Proof: Aadhaar Card, Voter ID, Driving License.
  • Photo: One passport-size photograph.

Minimum Tenure of RPLI Policies

The minimum policy term depends on the chosen plan and the age of the policyholder. Most policies start at a term of 5 years. The 10-Years Rural PLI (Gram Priya) plan has a fixed term of 10 years.


Interest Rate for RPLI

RPLI does not pay interest like a bank. Instead, it offers bonuses on the sum insured. Bonus rates range between ₹45 and ₹60 per ₹1,000 of the sum assured per year, depending on the policy.


RPLI Online Premium Payment

RPLI premiums can be paid in three ways:

  1. Offline: Visit your nearest post office.
  2. Online: Register as a policyholder on the official website pli.indiapost.gov.in.
  3. AutoPay: Submit a standing instruction (SI) form at your nearest post office to activate the auto-debit function it will be deducted from your savings account as per your premium payment mode.

RPLI offers flexibility with payment modes, including monthly, quarterly, half-yearly, and yearly. Choose the payment mode when purchasing the policy.


Benefits of RPLI

Here are some key benefits of Postal Life Insurance policies:

  • Low Premiums: Affordable for rural populations.
  • Loan Facility: Loans can be availed after 3–4 years, depending on the policy.
  • Maturity Benefits: An accrued bonus is paid upon policy maturity.
  • Policy Conversion: Whole Life policies can be converted to Endowment policies.
  • Money back benefits: Plans like Gram Sumangal provide money-back benefits during the policy term.
  • Income Tax Benefits: Premiums are eligible for income tax deductions.
  • Death Benefits: The full sum assured with bonuses is paid to the nominee upon the policyholder’s demise.

RPLI is a great option for people in rural areas looking for affordable life insurance with savings benefits.


FAQs

What does RPLI stand for?
RPLI stands for Rural Postal Life Insurance, introduced by the Postal Department of India to provide life insurance coverage to rural populations.

When can an RPLI policy be surrendered?
An RPLI policy can be surrendered after completing 3 years. If surrendered before 5 years, no bonus is paid. After 5 years, proportionate bonuses on a reduced sum assured are paid.

What is the maximum sum assured for a non-medical RPLI policy?
Initially, the maximum sum assured for non-medical policies was ₹25,000. After increasing the overall sum assured limit to ₹10 lakh, the non-medical limit was raised to ₹1 lakh, provided the proposer is under 35 years of age.


Conclusion


Rural Postal Life Insurance (RPLI) is an excellent savings plan designed to provide financial security for individuals in rural regions, with the flexibility of paying a monthly premium and the added benefits received at the maturity of the policy.

RPLI is the best choice for those looking to secure their future. Whether you’re planning for the time of maturity or building your retirement plans, RPLI provides savings benefits and life coverage with affordable premium rates. For personalized guidance, contact an RPLI agent or get expert help to select the plan best suited to your needs and enjoy the dual benefits of savings and insurance.


Other Popular Postal Savings Schemes

  1. Monthly Income Scheme (MIS)
  2. National Savings Certificate (NSC)
  3. Time Deposit
  4. Kisan Vikas Patra (KVP)
  5. Sukanya Samriddhi Account