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RPLI Calculator 2023: RPLI Premium and Maturity Calculator

The RPLI Calculator is an online tool that can help you calculate the required sum assured at an affordable premium for the RPLI policy to make a knowledgeable financial choice. It is easily accessible online, user-friendly and significantly less time-consuming.
 

The Rural Postal Life Insurance(RPLI), introduced by the Government of India in 2005, is a unique insurance scheme for the people residing in the rural parts of India.  
 

While the RPLI schemes and their benefits are defined, making well-informed financial decisions to ensure adequate coverage at an affordable premium is essential. 
 

The Rural Postal Life Insurance Premium Calculator is an online tool that helps you calculate the affordable premium for the desired sum assured for the RPLI policies. 
 

Before we understand the RPLI calculator, let us know what the Rural Postal Life Insurance (RPLI) is and its schemes.

What Is  Rural Postal Life Insurance (RPLI)?

The Rural Postal Life Insurance is a life insurance scheme introduced to benefit the rural sections of India. The RPLI policies offer a considerable sum assured at a highly affordable premium rate.  
 

Furthermore, the policies can be purchased with an endowment benefit to save funds for accomplishing your future financial goals at definite intervals.
 

The six policies available under this insurance scheme are as follows:

  • Whole Life Assurance Plan (Gram Suraksha)

  • Convertible Whole Life Assurance Plan (Gram Suvidha)

  • Endowment Assurance Plan (Gram Santosh)

  • 10 Years Rural Postal Life Insurance Plan (Gram Priya)

  • Anticipated Endowment Assurance Plan (Gram Sumangal)

  • Children Policy (Bal Jeevan Bima)
     

With an adequate life cover and sufficient funds accumulated in retirement plans, you can ensure a secure life ahead of retirement.

What Is The RPLI Calculator?

 

RPLI Calculator is an online tool that allows you to determine the required sum assured and the affordable premium for the RPLI plans. 
 

Key Features And Benefits

  • Calculate premium - You can utilise the RPLI calculator to determine the premium quote for the sum assured of the life insurance scheme.

  • Online tool - The RPLI calculator is available online, making it convenient and cost-effective for its usage.

  • User-friendly - The RPLI calculator online is a simple and user-friendly tool. You can use it without expert help or advice by providing the required details and getting the premium quote.

  • Flexibility -  You can revise your inputs, for example, providing an increased or decreased sum assured to determine the most affordable premium quote. 

    Furthermore, the RPLI calculator will provide different premium quotes for increased sum assured options for the same age at maturity to revise your decision considering the affordability.

How To Use The RPLI Premium Calculator?

The steps to access and use the RPLI premium calculator are as follows:
 

  1. Visit the official webpage of India Post.

  2. Click on the Postal Life Insurance Option.

  3. Click on OK for the prompt for redirecting to an external website.

  4. From the drop-down menu against ‘Purchase a Policy’, click on ‘Quote’.

  5. Provide the required details such as Name, Date Of Birth, Product Type, Sum Assured, etc., and click on ‘Get Quote’.

  6. You will receive the RPLI premium quote.

  7. If affordable, you can make the RPLI premium payment using any available and convenient digital payment method.

  8. If you are not satisfied, you can revise the inputs and determine the most affordable premium.
     

Example

Consider Kamakshi, a farmer from a rural region in Kerala, seeking a Rural Postal Life Insurance Plan for her family. She wants to purchase Gram Santosh, the Endowment Assurance Plan. 
 

The required sum assured is ₹50,000, and the age at maturity is 40 years. 
 

Upon providing these details in the RPLI calculator online, you will get the premium quote and the options as follows:

  • Monthly Quote - ₹713.00

  • Quarterly Quote - ₹2132.00

  • Half Yearly Quote - ₹4251.00

  • Annual Quote - ₹8454.00

The system will also provide the details of the RPLI premium for the same age at maturity for increased sum assured options. She can change her decision and decide on the most suitable choice.

What Is The RPLI Maturity Calculator?

The sum assured for the RPLI policies is decided during policy inception. You can determine this amount using the RPLI premium calculator as described in the above section. 
 

Furthermore, for the RPLI policies with the endowment benefit, you can utilise the Premium Tables provided for the specific RPLI schemes to determine the maturity payouts. You can access them using the following steps.
 

Steps To Access The Premium Tables

  1. Visit the web portal for India Post Rural Postal Life Insurance.

  2. Choose the ‘Premium Table’ tab.

  3. Click and open the PDF file for the desired RPLI Policy.

  4. The payment of benefits section will detail the maturity benefits, if available.


Example

For the Anticipated Endowment Assurance Plan, the payment benefits for a 15-year policy period, if the life insured survives, are detailed as follows:

Time Interval

Payment Benefit

At the end of 6 years

20%

At the end of 6 years

20%

At the end of 6 years

20%

At the end of 6 years

20% with accrued bonus*


Therefore, you can utilise these details to calculate the maturity benefit. Furthermore, as the accrued RPLI bonus* calculation cannot be predetermined, the exact value of the maturity benefits cannot be calculated.

Wrapping Up

The RPLI calculator is a simple and less time-consuming online tool that helps you determine the required sum assured at an affordable premium for the desired policy tenure under the RPLI policy. It can be easily accessed and used at your comfort for making well-informed financial decisions!

Get complete protection at affordable cost & tax benefits

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Tata AIA Life Insurance

A joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA),  Tata AIA Life Insurance  is one of the leading life insurance providers in India. We post everything you need to know about life insurance, tax savings and a variety of lateral topics such as savings and investments in this space. You can access and read a host of different blogs, articles and pages at the Tata AIA Life Insurance Knowledge Center or get in touch with us with any queries or questions!

View all posts by Tata AIA Life Insurance

Frequently Asked Questions

What are the benefits of a Rural Postal Life Insurance Policy?

  • Affordable premium - The RPLI premium for the policies is extremely affordable. For example, the monthly premium per ₹1000 sum assured is ₹6.55 for 15 years and ₹4.95 for 20 years at an entry age of 19. With the increase in age, the premium can increase to a very slight extent. 

  • Availability of different types of schemes - Six life insurance policies are introduced under this scheme.  

  • Maturity Benefit - When you choose an RPLI with an endowment benefit, you can get a maturity benefit at the end of specific time intervals if you survive the period.

Why should you use the RPLI calculator?

Using an RPLI calculator can be beneficial for the following reasons:

  • Choose a life insurance policy at an affordable premium.

  • Determine the most suitable life insurance coverage.

  • Flexible for revising inputs to make a well-informed financial decision.

  • Simple and less time-consuming to use.

  • Does not allow for any third-party interference

Disclaimers

  • Insurance cover is available under the product.

  •  The products are underwritten by Tata AIA Life Insurance Company Ltd.

  • The plans are not guaranteed issuance plans, and they will be subject to Company’s underwriting and acceptance.

  • For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

  • This blog is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. The information is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

  • Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.

  • Every effort is made to ensure that all information contained in this blog is accurate at the date of publication, however, the Tata AIA Life shall not have any liability for any damages of any kind (including but not limited to errors and omissions) whatsoever relating to this material.

  • *These bonuses are not guaranteed in nature. The Company may declare Cash Bonus rate annually in advance. The Cash Bonuses if declared, will be applicable provided all due premiums have been paid.