Gram Suraksha Yojana Calculator

In today’s world, securing the future for yourself and your loved ones has become essential, especially in rural areas where financial security might not be as accessible. The Gram Suraksha Rural Postal Life Insurance Scheme provides a robust solution for those who live outside cities, offering life insurance with attractive bonuses. It’s designed to protect families in the unfortunate event of the policyholder’s death and offer maturity benefits if they survive the policy term. This makes the scheme a highly beneficial option for rural residents, ensuring lifelong security and support.

Whether you’re seeking to secure your family’s future, or looking for a plan with flexibility in premium payments, this scheme has something to offer. From death benefits to surrender benefits, the policy ensures that your hard-earned investments are not lost. Moreover, the Government of India has made it easy to access and manage the policy through various payment terms, bonuses, and online calculators. Let’s take a deeper dive into how this scheme works, its key features, and the benefits it offers to rural citizens.

What is the Gram Suraksha Rural Postal Life Insurance Scheme?

The Gram Suraksha Rural Postal Life Insurance Scheme is a whole life assurance policy that provides insurance coverage for the entire life of the policyholder. In case the policyholder dies during the policy term, the death benefit is paid to the nominees. The scheme also offers a bonus component, making it highly attractive for people living in rural areas.

This policy is part of India’s initiative to provide financial security for those living in rural areas, ensuring that families are not left in financial trouble due to unforeseen circumstances.

Eligibility Criteria for Gram Suraksha Rural Postal Life Insurance Scheme

To apply for this scheme, there are a few important eligibility criteria that applicants need to meet:

• Age Limits: The minimum age to apply is 19 years, and the maximum age is 55 years.
• Premium Ceasing Age: Policyholders can choose from the premium ceasing ages of 55, 58, or 60 years.
• Sum Assured: The minimum sum assured is Rs.10,000, while the maximum sum assured can go up to Rs.10 lakhs.

Key Features of Gram Suraksha Rural Postal Life Insurance Scheme

The scheme comes with several unique features that make it an ideal choice for rural residents:

1. Whole Life Assurance: It is a single-plan, whole-life assurance policy, meaning it provides coverage throughout the life of the insured.
2. Premium Payment Flexibility: Policyholders can pay premiums monthly, quarterly, half-yearly, or annually based on their convenience.
3. Bonus Component: This scheme offers attractive bonuses, making it a favorable choice for those seeking long-term benefits.
4. Medical Requirements: For policyholders who do not wish to undergo a medical check-up, the maximum sum assured is Rs.25,000, and the entry age is capped at 35 years.
5. Nomination: The policyholder can nominate a person who will receive the death benefit if they pass away during the term of the policy.

Benefits of the Gram Suraksha Rural Postal Life Insurance Scheme

The scheme provides several benefits, making it an excellent choice for rural citizens:

• Maturity Benefit: If the policyholder survives the policy term, they will receive the full maturity benefit along with applicable bonuses.
• Death Benefit: If the policyholder passes away during the policy term, their nominees will receive the full sum assured along with bonuses.
• Surrender Benefit: The policyholder can surrender the policy after paying premiums for 36 months. If surrendered after five years, the bonuses will also be paid.

How Does the Gram Suraksha Rural Postal Life Insurance Scheme Work?

The scheme operates as a whole life assurance plan. The policyholder pays the premiums either throughout their life or until a predetermined age. On maturity, the policyholder receives the maturity benefit. In case of death, the nominee receives the death benefit along with the applicable bonuses.

Premium Payment Options for the Scheme

The premium payment depends on the health and financial situation of the policyholder. If the health conditions are good, the premiums will be lower. The policyholder can choose from multiple payment options including monthly, quarterly, half-yearly, and yearly payments, depending on what suits them best.

How to Calculate Premiums for Gram Suraksha Policy?

The India Post’s online PLI premium calculator allows users to calculate the premium for their selected sum assured. Follow these steps to calculate your premium online:

1. Visit the official website of India Post.
2. Click on ‘Postal Life Insurance’ and proceed to ‘Purchase a Policy’.
3. Enter your personal details, sum assured, and choose ‘Gram Suraksha’ under the product name.
4. View the premium amounts for monthly, quarterly, half-yearly, and yearly payments.

How to Apply for the Gram Suraksha Rural Postal Life Insurance Scheme

You can purchase this policy both online and offline. Follow these steps to apply online:

1. Visit the official Indian Post website.
2. Navigate to the “Postal Life Insurance” section and select “Gram Suraksha”.
3. Fill out the necessary details including personal information, employment status, and medical history.
4. Sign the declaration form and make the first premium payment.

Gram Suraksha Yojana PDF Download

GRAM YOJANA(GRAM PRIYA) 10 YEARS. RURAL POSTAL LIFE INSURANCE PDF – Download PDF

Required Documents

To apply for this scheme, you will need the following documents:

• Proof of Age
• Proof of Address
• Proof of Identity
• Medical Declaration
• Certificate from an Authorized Officer

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