India Post Alert: Revive your lapsed insurance policy by 30 June; this is what you can do

Great opportunity to revive your Rural Postal Life Insurance (RPLI) scheme in case it has lapsed. India Post office is offering its customers a chance to revive their policies. The India Post Office has opened a window till 30 June 2020 to get it done, so hurry in case you have still not done it.

For more details you can contact the nearest post office or call on its Toll Free number 18001805232.  

RPLI was introduced in 1995 to bring people in the rural parts of India under the coverage of insurance. The scheme is being extended to the people living in rural areas with special emphasis on weaker sections and women workers.

Policies under RPLI:  RPLI offer the following six types of policies:

1) Whole Life Assurance (Gram Suraksha) – Under this scheme an assured amount with accrued bonus is given to the insured either on attaining the age of 80 years or to legal assignees on death.

2) Convertible Whole Life Assurance (Gram Suvidha) - A Whole Life Assurance Policy is with an assurance to the extent of sum assured with accrued bonus till attainment of maturity age.

3) Anticipated Endowment Assurance (Gram Sumangal) - It is a Money Back Policy with maximum sum assured of ₹ 10 lacs, best suited to those who need periodical returns.

4) 10 Year RPLI (Gram Priya) - It is a short term money back scheme for Rural populace only. Insurant is given life cover to the extent of Sum Assured for 10 years.

5) Children Policy (Bal Jeevan Bima) - The scheme provides life insurance cover to children of policy holders. Maximum two children of policy holder (parent) are eligible.

6) Endowment Assurance (Gram Santosh) - Under this scheme the proponent is given a sum assured with accrued bonus till he/she attains the pre-determined age of maturity i.e 35,40,45,50,55,58 & 60 years of age.