What is the benefits of RPLI?

Benefits of Rural Postal Life Insurance There is a 100% security offered by the Government of India. The premium payment is low but the bonus offered is high. The insured can take loan against the policy. Policy, if Endowment, then it should complete 3 years and 4 years in the case of Whole Life Assurance.

Which RPLI plan is best?

6 Best Rural Postal Life Insurance (RPLI) policies and with their details.

Whole Life Assurance (Gram Suraksha)
Endowment Assurance (Gram Santosh)
Convertible Whole Life Assurance (Gram Suvidha)
Anticipated Endowment Assurance (Gram Sumangal)
10 Years Rural PLI (Gram Priya)
Children Policy (Bal Jeevan Bima)

What is RPLI insurance?

Rural Postal Life Insurance (RPLI) was introduced in 24.03.1995 for rural people of India. The Malhotra Committee had observed in 1993 that only 22% of the insurable population in this country had been insured; life insurance funds accounted for only 10% of the gross household savings.

Is RPLI or LIC better?

Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently, LIC offers a bonus rate of around 4% to 5%.

Who is eligible for RPLI?

Eligibility Criteria: Minimum entry age is 19 years and maximum entry age is 55 years. Conversion of Policy: Whole Life assurance policy can be converted to endowment policy after completion of 1 year of policy and before policyholder completes 59 years of age. Minimum Sum assured: Rs. 10,000.

What is minimum limit of RPLI?

Individuals between the age of 19 years and 45 years can apply for this RPLI policy. Sum assured offered under the scheme is from minimum INR 10,000 to a maximum of INR 10 lakhs. Policy can be surrendered after completion of three years.25-Oct-2019

How do I check my RPLI balance?

You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.

How many schemes are in RPLI?

6 RPLI schemes

What is difference between PLI and RPLI?

PLI : Sum assured/Aggregate Sum assured limit is more than Rs. 1 lacs or proposer's age is more than 35 years. RPLI : Sum assured/Aggregate Sum assured limit is more than Rs. 25,000/- or proposer's age is more than 35 years.

What is interest rate of PLI?

10% per annum

How do I deposit money online RPLI?

IPPB mobile App – Customers can deposit their PLI/RPLI premium through the IPPB mobile app, from their IPPB Account. III. IPPB Micro ATMs – In addition to other IPPB services, Postman will now be able to facilitate customers to deposit their PLI/RPLI premium using Micro ATM devices, from their IPPB Account.27-May-2022

How can I buy RPLI online?

Here are some of the ways to make RPLI payments online.

Using Postinfo. Postinfo is the official mobile application of the Department of Posts by India Post.
Using India Post's Website. India Post's official website features a host of offerings with regards to rural postal life insurance schemes.
Using POSB Account.

What is better LIC or PPF?

PPF is a Public Provident Fund meant for long-term savings and retirement.PPF VS LIC.

Which policy is best in LIC?

Best LIC Plans List for 2022

Which one is better PPF or PLI?

Tenure: While PPF is a long-term investment plans (minimum 15 years) and cannot be taken for a shorter period, LI can be taken for a shorter duration, starting at five years. LI therefore offers greater flexibility.

How do I turn off RPLI?

Here is the list of documents which you need to keep handy before starting the process of surrendering the PLI policy, according to the India Post tweet on its official Twitter account. Indemnity Bond if duplicate bond not available. Policy Bond . Surrender Request Form.28-Apr-2022

Is PLI for private employees?

It now covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, autonomous bodies, joint ventures having a minimum of 10% Govt./PSU stake, credit co-operative societies etc.

Can I open PLI Online?

You can start the procedure of buying the policy online even if you are not a customer of India Post. You will be able to navigate to Purchase a Policy. Quote to select the suitable product and coverage for you. After this, you will have to fill personal, employment, medical and other information.

When did RPLI started?

RPLI online scheme was introduced in March 1995, especially for the benefit of rural people. RPLI scheme in post offices emphasizes on weaker or women population so that these people can also lead a healthy and wholesome life by opting for various rural postal insurance policies.10-Jan-2022

Can we close PLI before maturity?

19. What will be the surrender value of PLI/RPLI policy? Surrender facility is available after 3 years in case of WLA, EA, CWLA and YS policies. No surrender facility is available in case of AEA and Children policy.

How do I pay my post office RD online?

How to Pay Post Office RD Online?

Transfer funds from your savings bank account to the IPPB account.
From the "DOP Products" section, select the "Recurring Deposit" option.
Enter your post office customer ID and RD account number.
Enter the RD installment amount and its duration.

What is the benefits of RPLI?