Welcome To Odisha Postal Circle

                                                     Rural Postal Life Insurance Scheme-(Gram Santosh)
An Endowment Assurance Scheme:-

Under this scheme the proponent is given an assurance to the extent of the Sum Assured and accured bonus till he/she attains the pre-determined age of maturity.
In case of unexpected death of the insurant,the assignee,nominee or the legal heir is paid the full Sum Assured together with the accured bonus.
  • MinimumAge at entry is 19 years.
  • Maximum Age at entry is 55 years.Sum assured,min INR 10,000/- & max INR5,00,000/-(max Age at entry is 45 years).Exceeding Age at entry 45 years one can take policy for INR 1,00,000/- only but the total sum assured must not exceed INR 5 lakhs.
  • Premium ceasing at the age of 35,40,45,50,55,58 & 60 (Payment of premia for at least 5 years)
  • Insurance Cover starts from the date of acceptance.
  • Eligible for loan after payment of premia for 36 months.
  • Interest Rate @ 10% on loan,half yearly compounded.
  • Bonus Payble on surrender value on payment of premium for 5 years and more.
  • Surrender allowed after payment of premia for 36 months.
  • Assignment facility available.
  • EA policy  maturing at a certain age can be converted to EA policy maturing at some other age.
  • No medical examination required if age is 35 years or less and Sum Assured is not more than INR 25000/-
  • Nomination facility is available.