PLI-RPLI Plans – Details, Bonus Rate, Survival Benefits due dates and Premium Tables 2024
Govt. of India
Ministry of Communication & Information Technology
Department of Post, India
Appendix
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Subject
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Details of PLI-RPLI Plans
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Bonus Rate of PLI-RPLI Plans
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Survival Benefits due dates
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Premium Tables
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PLI-AEA (Sumangal) Monthly
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PLI-EA (Santosh ) Monthly
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PLI-EA (Santosh) Quarterly
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PLI-EA (Santosh) Half yearly
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PLI-EA (Santosh) Yearly
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PLI-WLA (Suraksha) Monthly
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PLI-CWLA (Suvidha) Monthly
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PLI-YS (Yugal Suraksha) Monthly
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RPLI-AEA (Gram Sumangal) All Frequency
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RPLI-EA (Gram Santosh) Monthly
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RPLI-EA (Gram Santosh) Quarterly
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RPLI-EA (Gram Santosh) Half-Yearly
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RPLI-EA (Gram Santosh) Yearly
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RPLI-WLA (Gram Suraksha)
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RPLI-CWLA (Gram Suvidha ) Monthly
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RPLI-GY (Gram Priya) All Frequency
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Calculations like premium, surrender, maturity, loan
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Surrender Factor Table
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Income Tax Rebate
- Deposit premium through Cash/Cheque at any post office in India and also online
- PLI limits: Sum assured minimum Rs. 20 thousand Maximum Rs. 50 Lakh
RPLI limits: Sum Assured minimum Rs. 10 thousand & Maximum Rs. 10 Lakh Non standard age proof sum assured maximum limit is Rs. 1 Lakh - Non standard age proof age maximum limit is 45 years.
- Rebate 1% and 2% for advance deposit premium of 6 and 12 months in PLI & RPLI
PLI Plans : –
| S.L.
No. |
Names of Plan | Age at Entry | Loan/ Surrender Facility After | ||
| 1 | Endowment Assurance | EA | Santosh | 19 to 55 | 3 Years |
| 2 | Whole Life Assurance | WLA | Suraksha | 19 to 55 | 4 Years |
| 3 | Convertible Whole Life Assurance | CWL | Suvidha | 19 to 55 | 4 Years |
| 4 | Anticipated Endowment Assurance (Money Back Policy) | AEA | Sumangal
(I) 15 Years (II) 20 Years |
19 to 45 for 15 years plan & 19 to 40 for 20 years Plan | Not allowed |
| 5 | Joint Life Endowment Assurance | YS | Yugal Suraksha | 21 to 45 | 3 Years |
| 6 | Children Policy | Bal Policy | 5 to 20 | Not allowed | |
RPLI Plans : –
| S.L.
No. |
Names of Plan | Age at Entry | Loan/ Surrender Facility After | ||
| 1 | Endowment Assurance | EA | Gram Santosh | 19 to 55 | 3 Years |
| 2 | Whole Life Assurance | WLA | Gram Suraksha | 19 to 55 | 4 Years |
| 3 | Convertible Whole Life Assurance | CWL | Gram Suvidha | 19 to 55 | 4 Years |
| 4 | Anticipated Endowment Assurance (Money Back Policy) | AEA | Gram Sumangal
(I) 15 Years (II) 20 Years |
19 to 45 for
15 years plan & 19 to 40 for 20 years Plan |
Not allowed |
| 5 | Gram Yojna (Money Back Policy) | GY | Gram Priya | 19 to 45 | Not allowed |
| 6 | Children Policy | Bal Policy | 5 to 20 | Not allowed | |
Bonus rate declared for the year 2020-21 are given below :-
| S.L. No. | Names of Plan | Bonus in Rs. per year per lakh |
| 1 | Endowment Assurance/EA/Santosh | 5200 |
| 2 | Whole Life Assurance/WLA/Suraksha | 7600 |
| 3 | Convertible Whole Life Assurance/CWL/Suvidha | 7600 if not converted |
| 4 | Anticipated Endowment Assurance (Money Back Policy)/AEA/Sumangal | 4800 |
| 5 | Joint Life Endowment Assurance/YS/Yugal Suraksha | 5200 |
| 6 | Children Policy/Bal Policy | 5200 |
| S.L. No. | Names of Plan | Bonus in Rs. per year per lakh |
| 1 | Endowment Assurance/EA/Santosh | 4800 |
| 2 | Whole Life Assurance/WLA/Suraksha | 6000 |
| 3 | Convertible Whole Life Assurance/CWL/Gram Suvidha | 6000 if not converted |
| 4 | Anticipated Endowment Assurance (Money Back Policy)/AEA/Sumangal | 4500 |
| 5 | Gram Yojna (Money Back Policy)/GY/Gram Priya | 4500 |
| 6 | Children Policy/Bal Policy | 4800 |
Payment of Survival benefits under AEA/GY Plans if insurant survives
| AEA-15
Years in both PLI and RPLI |
AEA-20
Years in both PLI and RPLI |
GY – 10
Years in RPLI |
| 20% at the end of 6 years | 20% at the end of 8 years | 20% at the end of 4 years |
| 20% at the end of 9 years | 20% at the end of 12 years | 20% at the end of 7 years |
| 20% at the end of 12 years | 20% at the end of 16 years | 60% at the end of 10 years with accrued bonus |
| 40% at the end of 15 years with accrued bonus | 40% at the end of 20 years with accrued bonus |
COMMENTS