RPLI Anticipated Endowment Assurance (Gram Sumangal)

This page provides all the details you need to know about the Anticipated Endowment Assurance (Gram Sumangal) policy.

Before you read this page, please check RPLI Overview to learn about the basics of RPLI.

What is AEA?

AEA stands for Anticipated Endowment Assurance policy. It is also known as Gram Sumangal.

It is an investment cum life insurance policy.

It is a money back insurance policy in which you will get the benefits at periodic intervals. This policy is suitable for those who need benefits and returns at periodic intervals.

In case of your unexpected death during the policy term, the entire sum assured amount and any bonus accumulated till the day of your death will be paid to your nominees or legal heirs.

How does AEA Policy work?

• Decide the Sum Assured amount and purchase the policy at a Post Office

• Choose the policy term. Only two terms are available. They are 15 years and 20 years

• The monthly premium amount will be decided based on your age, sum assured amount and the policy term

• You need to pay the premium amount every month until the end of the policy term

• The bonus amount will be accumulated every year as per the bonus rate during the policy term

• If you choose 15 years term, then you will receive periodic benefits at the end of 6^th year, 9^th year, 12^th year and 15^th year

• If you choose 20 years term, then you will receive periodic benefits at the end of 8^th year, 12^th year, 16^th year and 20^th year

• If you die during the policy term, then your nominees or legal heirs will receive the entire sum assured amount and any bonus accumulated till the day of your death

Entry Age

The minimum and maximum age to purchase this policy are given below. The entry age depends upon the term you choose. 

15 Years Policy:

Minimum Age: 19 years

Maximum Age: 45 years 

20 Years Policy:

Minimum Age: 19 years

Maximum Age: 40 years

Policy Term

This policy offers only two terms. They are

• 15 years

• 20 years

Sum Assured Amount

Minimum amount - Rs. 10,000

Maximum amount - Rs. 10 Lakhs

Bonus Rate

The current bonus rate is Rs. 45 per Rs. 1,000 Sum Assured per year.

The bonus rate is not fixed and it changes from time to time as announced by the Government.

Money Back Benefit Details

The money back benefit details will depend upon the term you choose. 

15 Years Term:

This policy will run for 15 years. In this policy, you will get your money back as per the following schedule.

• 20% of the Sum Assured amount at the end of 6^th year

• 20% of the Sum Assured amount at the end of 9^th year

• 20% of the Sum Assured amount at the end of 12^th year

• 40% of the Sum Assured amount and the accumulated bonus at the end of 15^th year

20 Years Term:

This policy will run for 20 years. In this policy, you will get your money back as per the following schedule.

• 20% of the Sum Assured amount at the end of 8^th year

• 20% of the Sum Assured amount at the end of 12^th year

• 20% of the Sum Assured amount at the end of 16^th year

• 40% of the Sum Assured amount and the accumulated bonus at the end of 20^th year

Death Benefits

In case of your unexpected death during the policy term, your nominees or legal heirs will receive the entire sum assured amount and any bonus amount accumulated till the day of your death.

Any returns you received, as a part of the periodic money back schedule, will not be taken into consideration to calculate the final payment in case of your unexpected death.

Medical Test

To purchase this policy, whether you need to undergo a medical test or not is based on the sum assured amount and your age.

If the sum assured amount is Rs. 25,000 or less and your age is 35 years or less, then you need not undergo any medical test.

If the sum assured amount is more than Rs. 25,000 or you are more than 35 years old, then the medical examination is compulsory to prove that you are healthy.

Loan Facility

There is no loan facility in this policy.

Surrender Policy

There is no surrender facility in this policy.