Rural Postal Life Insurance (RPLI) Premium Calculator – Check RPLI Premium Calculator Advantages and Benefits

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If you want to calculate the maturity benefits of a Rural Postal Life Insurance (RPLI) policy before purchasing it, you can do that using the Rural Postal Life Insurance Premium calculator.  Let us learn more about it, in this post!

The RPLI calculator lets investors evaluate the premium amount against maturity benefit to help them purchase the most comprehensive insurance plan as per their budget.

India Post, the postal department of Govt. of India introduced the RPLI schemes in the year 1995 to benefit the rural population of the country with insurance coverage. The RPLI insurance schemes at present comprises six plans catering to varied needs of people residing in rural areas.

Below are the six RPLI plans available:

Gram Surakska  Whole Life Assurance Policy
Gram Suvidha  Convertible Whole Life Assurance Policy
Gram Santosh Endowment Assurance Policy
Gram Priya RPLI for 10 years
Gram Sumangal Anticipated Endowment Assurance Policy
Bal Jeevan Bima Life Insurance Policy Catering to Children

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Rural Postal Life Insurance (RPLI) – Premium and Maturity Calculator

Buying an insurance or investment plan is an important decision as it ensures that you save enough to secure your future. Hence, it is important to consider this before buying a policy. So, if you are planning to invest in RPLI policies, you must use the RPLI premium and maturity calculator to have an idea of how much premium you should pay as compared to how much benefit you could earn at maturity.

This way you will know if the calculated amount is as per your need or if you must increase the cover to add to your benefits. Further, you can also modify other things like premium payment frequency, premium ceasing age, etc. to accordingly reach your desired coverage or the most accurate premium estimation with the best RPLI.

Rural Postal Life Insurance (RPLI) – About the Schemes

What is RPLI Premium Calculator?

Like all other insurance calculators, the Rural Postal Life Insurance premium calculator evaluates the premium amount of a RPLI plan that an investor has to pay against maturity. The RPLI calculator can be used as many times as you want to recalculate premiums to suit your requirement by modifying the features, policy tenure, premiums, and maturity benefits etc. This way the investor can have the best plan fitting his/her needs. You can access the RPLI calculator online at the official portal of India Post as well as other insurance and investment websites.

What is RPLI Maturity Calculator?

Similar to the maturity amount received for surviving a life/term insurance plan, the investor of a RPLI plan can avail the maturity benefit at the end of the policy term. The investor decides the sum assured received at maturity at the time of buying the plan depending on the particular requirement of the policyholder.

One thing that investors or policyholders must keep a track of is the bonus rate of an RPLI plan, which keeps changing. Since the maturity of a RPLI scheme depends on the bonuses also, it is important to check the bonus rate so that the policyholder can calculate the final maturity amount to be earned. The bonus paid under RPLI is generally calculated in terms of per 1000 rupees of the sum assured.

Besides calculating the premium and maturity benefits, an investor can also calculate the RPLI surrender value as per the RPLI policy terms and conditions. However, you may like to note that RPLIs do not provide bonus to the investor if the policy is surrendered before the 5 year term.

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Rural Postal Life Insurance (RPLI) Calculator – Factors to Consider

Below are the factors that are considered to use a RPLI calculator:

  • Policyholder’s Age
  • Policy Name
  • Term of Policy
  • Policy Sum-Assured
  • Premium Ceasing Age

How to Use Rural Postal Life Insurance (RPLI) Calculator?

The Rural Postal Life Insurance Scheme calculator can be used online through the India Post website. Below guide can help interested individuals in purchasing any of the RPLI plans:

  • Go to India Post website and look for Postal life insurance tab
  • Now, on the new page go to ‘Purchase a Policy’ tab and press the ‘Get Quote’ button
  • Submit details like contact, DOB, RPLI product chosen, sum insured, gender, occupation, location etc.
  • Submit the captcha code and get quote
  • You can see the quote on the next page that appears with annual, quarterly, monthly etc. quotes

You can also install the India Post app on your mobile and use your Rural Postal Life Insurance customer login to access the calculator.

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Advantages and Benefits of Using RPLI Calculator

Here are some Rural Postal Life Insurance calculator benefits

  • The calculator supports the investor in making better financial decisions in terms of investments
  • The calculator helps the investor to modify the coverage as per requirement and budget
  • It calculated the premium instantly
  • It is a free tool that can be used as many times as the investor wants
  • It allows the investor to check premiums on yearly, quarterly, monthly etc. basis
  • The calculator disregards the involvement of a third-party and lowers risks of misleading customers

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FAQs on Rural Postal Life Insurance Premium Calculator

What are the key points of difference between RPLI and PLI schemes?

The maximum sum assured in RPLI is INR 25,000, while in case of PLI, the limit of sum assured is INR 1 lakh and beyond.

What is the least and the highest sum assured amounts under PLI plans?

The least or minimum amount of sum assured under PLI plans can be INR 20,000, while the maximum amount of sum assured under PLI is INR 50 lakhs. But, under Bal Jeewan Bima, the maximum sum assured is INR 3 lakhs.

Can someone residing in cities avail the schemes of RPLI?

No, RPLI schemes can be availed by individuals residing in rural areas only.

What is the maximum amount that I can avail as maturity under the RPLI schemes?

The maximum amount obtained under RPLI schemes is INR 5.5 lakhs.

What rate of interest levied under PLI schemes for loans against sum assured?

Usually, a 10 percent interest rate is charged at an interval of 6 months against the loans taken under PLI schemes.

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Jan 27, 2023
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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