Gram Priya Policy PDF available for download, check 10 Years Rural PLI plan term, age limit, contribution chart and other details. Gram Priya Yojana, also known as the 10 Years Rural Postal Life Insurance (RPLI), is a short-term, money-back insurance scheme for people living in rural areas. It is a combination of life insurance and investing that provides life cover for 10 years. Read this article till the end to know gram priya plan term, age limit, contribution amount and other aspects regarding the scheme.
Gram Priya Policy Details – Download PDF
Gram Priya Yojana is a short term money back scheme for Rural populace only. In Gram Priya Policy, the policyholder receives benefits at regular intervals, including: 4 years: 20% of the sum assured, 7 years: 20% of the sum assured, 10 years: 60% of the sum assured, plus any accrued bonus. If the policyholder dies unexpectedly during the policy term, their legal heirs or nominees receive the entire sum assured and any bonus collected up to the date of death. Link to check policy details – Gram Priya Policy PDF Download
Gram Priya Plan Term
Gram Priya Plan Term is 10 years as the scheme is only applicable for ten years duration. The Gram Priya plan, also known as the 10 Years Rural Postal Life Insurance (RPLI) plan, is a short-term money back scheme for rural populations in India. The plan provides life coverage for 10 years, with survival benefits paid after 4, 7, and 10 years:-
4 years: 20%
7 years: 20%
10 years: 60% with accrued bonus
The plan also offers an assurance to the policyholder up to the sum assured and accrued bonus until they reach a predetermined maturity age of 35, 40, 45, 50, 55, 58, or 60 years. In the event of natural disasters like floods, droughts, earthquakes, or cyclones, the policyholder is not charged interest on arrears of premiums for up to one year.
RPLI Gram Priya Contribution Chart
Age at Entry
Annual (Rs.)
Half Yearly (Rs.)
Quarterly (Rs.)
Monthly (Rs.)
20
114.45
57.7
29
9.7
21
114.55
57.75
29
9.7
22
114.6
57.8
29.05
9.7
23
114.65
57.8
29.05
9.7
24
114.7
57.85
29.05
9.7
25
114.8
57.9
29.1
9.7
26
114.85
57.9
29.1
9.7
27
114.95
57.95
29.1
9.75
28
115.05
58
29.15
9.75
29
115.2
58.1
29.2
9.75
30
115.3
58.15
29.2
9.75
31
115.45
58.2
29.25
9.75
32
115.6
58.3
29.3
9.8
33
115.75
58.35
29.3
9.8
34
115.9
58.45
29.35
9.8
35
116
58.5
29.4
9.8
36
116.15
58.55
29.4
9.85
37
116.3
58.65
29.45
9.85
38
116.4
58.7
29.5
9.85
39
116.5
58.75
29.5
9.85
40
116.55
58.75
29.5
9.85
41
117.1
59.05
29.65
9.95
42
117.75
59.35
29.8
9.95
43
118.4
59.7
30
10
44
119.1
60.05
30.15
10.05
45
119.8
60.4
30.35
10.15
Gram Priya Age Limit (Eligibility Criteria)
The eligibility criteria for Gram Priya Policy includes:-
Minimum entry age of 19 years
Maximum entry age of 45 years
Minimum sum assured of Rs. 10,000
Maximum sum assured of Rs. 10 lakhs
How to Apply for Gram Priya Yojana
You can apply for RPLI at your nearest post office.
Salient Features of Gram Priya Scheme
Insurant is given life cover to the extent of sum assured for 10 years.
Survival benefits are paid after 4 years – 20%, after 7 years – 20%, and after 10 years – 60% with accrued bonus
Minimum age at entry is 20 years, Maximum age at entry is 45 years.
Minimum sum assured is Rs. 10,000, Maximum sum assured is Rs. 10,00,000.
No interest is charged upto one year as arrears of premia in case of natural calamities like flood, drought, earthquake, cyclone etc.
Last declared Bonus – Rs. 45 per Rs. 1000 sum assured per year.
Note:- a) For the purpose of all tables “age at entry” Means the age next birthday following the date of payment of the first premium. b) For a policy of Rs. 20,000/- and above a rebate of Rs. 1 shall be allowed except for (Joint Life Assurance) Yugal Suraksha for which rates of rebates are mentioned separately below the relevant table.
