Which policy is best in RPLI?

List of 6 Best Rural Postal Life Insurance (RPLI) Plans in India 2021

• 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 the maturity amount of RPLI?

Under this scheme the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the pre- determined age of maturity i.e 35,40,45,50,55,58 & 60 years of age. Insurant is given life cover to the extent of Sum Assured for 10 years.

What is the 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.

Which policy is best in PLI?

6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022

• Whole Life Assurance (Suraksha)
• Endowment Assurance (Santosh)
• Convertible Whole Life Assurance (Suvidha)
• Anticipated Endowment Assurance (Sumangal)
• Joint-Life Insurance (Yugal Suraksha)
• Children Policy (Bal Jeevan Bima)

What is the benefit of RPLI?

The benefits of RPLI are as follows: 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.

Is RPLI better than LIC?

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%.

What is the maximum limit of RPLI?

What is the maximum amount that can be availed under the insurance schemes of RPLI? The maximum sum assured for insurance schemes under RPLI is Rs. 5 lakhs.

Which is better PPF or RPLI?

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.

Is RPLI or LIC better?

In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.

Is RPLI tax free?

Tax benefits available on Rural Postal Life Insurance The maximum limit for such policies is 20% of the sum assured. Life insurance policies that were issued on or before 01.04. 2012 qualify for tax deduction under section 80C of the Income Tax Act, 1961. The maximum limit for such policies is 10% of the sum assured.

Who can apply for RPLI policy?

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

Can I revive a lapsed RPLI policy?

The lapsed RPLI policy can be revived. It’s important to note that if the policy is in force for less than three years, the policy will lapse after six unpaid premiums. If the policy is in force for more than three years, the policy will lapse after twelve unpaid premiums

What is the amount of premium chargeable for RPLI policies?

Let’s learn more about these RPLI policies. Amount of premium chargeable for all RPLI policies may vary depending on the age, time period chosen and many other factors. There is flexibility offered on the mode of premium payment. It can be, yearly/half-yearly/quarterly/monthly depending on the specifications of each policy.

What does RPLI stand for?

Pay your PLI Premium Forms Term of Contract Page Content Rural ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Postal Life Insurance​ Rural Postal Life Insurance (RPLI)  is introduced in 24.03.1995 for rural people of India.