Welcome To Odisha Postal Circle

                           Rural Postal Life Insurance Scheme:-Gram Suraksha
It is awhole life insurance scheme.

Under this scheme,the proponent is given an assurance to the extent of sum assured and accured bonus which is paid to the assignee,nominee or legal heir after the death of the insurant.
  • Insurance cover atarts from the date of acceptance.
  • Minimum age at entry is 19 years.
  • Maximum Age entry is 55 years.Sum assured min Rs 10,000/- & max Rs 5,00,000/-(max. Age at entry 45).Exceeding age ate entry 45 years one can take policy forRs 1,00,000/- only but the total sum assured must not exceed Rs 5 lakh.
  • Premium ceasing at the age of 55,58 & 60.
  • Maximum sum assured is INR 5 lakh.
  • Eligible for loan after payment for 48 months.
  • Interest rate @ 10% on loan,half yearly compounded.
  • Surrender of policy allowed after payment of premia for 36 months.
  • Bonus payble on surrender value on payment of premium for 5 yeas and more.
  • Assignment facility available.
  • Can be converted into Gram Santosh(Endowment Assurance) 
  • Nomination facility available.