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Rural Postal Life Insurance - Gram SanthoshUnder 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.
Minimum Age at entry is 19 years. Maximum Age at entry is 55 years and for policies with sum assured beyond Rs.1 lakh maximum age at entry is 45 years Premium ceasing at the age of 35, 40, 45, 50, 55, 58 & 60(Payment of premia for at least 5 years ) Maximum Sum Assured of Rs. 3 lakhs Insurance Cover starts from the date of acceptance Eligible for loan after payment of premia for 36 months. Interest Rate @ 10% on loan Surrender allowed after payment of premia for 36 months Assignment facility available Can be converted into Suraksha (Whole Life Assurance ) No medical examination required if age is 35 years or less and Sum Assured is not more than Rs.25000/. Nomination facility is available
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