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RPLI Gram Bal Jeevan Bima Calculator

Calculate Children Life Insurance Policy premiums, ₹50/1K SA declared annual bonus, and full premium waiver upon parent demise.

GST Rate 0% NIL GST
Declared Bonus ₹50 / 1K SA
Child Eligibility 5 – 20 Years
Parent Demise Premiums Waived

RPLI Gram Bal Jeevan Bima Calculator

Children Life Insurance Policy (RPLIBJB) secures your child's education & aspirations with sovereign guarantee and premium waiver benefit.

Child Age: 8 Yrs

* Children between 5 to 20 years of age are eligible. Maximum 2 children of policyholder.

Max 45 Yrs

* Official RPLI Rule: Policyholder (parent) should not be over 45 years of age.

₹ ₹ 1,00,000
Quick Select:
Min: ₹10,000 Max: ₹ 1,00,000 (1 Lakh or Parent's SA)

* Choose policy term between 5 and 20 years. Child maturity age = Child Age + Term.

Ready to Calculate Your Gram Bal Jeevan Bima Quote

Fill in child's date of birth, parent's age, sum assured (up to ₹1 Lakh), and policy term above, then click "Calculate Premium & Child Maturity Benefits" to view results.

All RPLI Calculators

Explore and calculate instant quotes for all official Rural Postal Life Insurance plans

SANTOSH

ENDOWMENT ASSURANCE

Fixed maturity age with high annual bonus accruals.

Entry Age: 19–55 yrs
Bonus: ₹48 per ₹1,000 SA
CALCULATE NOW
SURAKSHA

WHOLE LIFE ASSURANCE

Lifelong cover up to age 80 with maximum ₹60 bonus.

Entry Age: 19–55 yrs
Bonus: ₹60 per ₹1,000 SA
CALCULATE NOW
SUVIDHA

CONVERTIBLE WHOLE LIFE

Whole life policy with option to convert after 5 years.

Entry Age: 19–45 yrs
Bonus: ₹60 per ₹1,000 SA
CALCULATE NOW
SUMANGAL

ANTICIPATED ENDOWMENT

Money-back plan with survival benefits at regular...

Terms: 15 & 20 yrs
Bonus: ₹45 per ₹1,000 SA
CALCULATE NOW
GRAM PRIYA

10-YEAR MONEY BACK

Short 10-year term with periodic returns at 4th, 7th...

Entry Age: 20–45 yrs
Bonus: ₹45 per ₹1,000 SA
CALCULATE NOW
BAL JEEVAN

CHILDREN POLICY

Life insurance cover for children with premium...

Child Age: 5–20 yrs
Bonus: ₹50 per ₹1,000 SA
CALCULATE NOW
⚖️ Official Comparison Tool

Compare RPLI Schemes Side-by-Side

Not sure which postal policy fits your family's needs? Select any two schemes below to compare bonus rates, maturity payouts, loan rules, and suitability instantly.

Full RPLI Portfolio Reference Matrix

Quick comparison of all 6 schemes side-by-side

Scheme Name Policy Type Bonus Rate Entry Age Loan Facility Action
Gram Santosh Endowment Assurance (EA) ₹ 48 / ₹1k 19 to 55 Years Available after 3 Years Calculate →
Gram Suraksha Whole Life Assurance (WLA) ₹ 60 / ₹1k 19 to 55 Years Available after 4 Years Calculate →
Gram Suvidha Convertible Whole Life (CWLA) ₹ 60 / ₹ 48 / ₹1k 19 to 45 Years Available after 4 Years (3 yrs if converted) Calculate →
Gram Sumangal Anticipated Endowment (Money Back) ₹ 45 / ₹1k 19 to 45 Yrs (15-Yr) / 19 to 40 Yrs (20-Yr) Not Available (Periodic Cashbacks) Calculate →
Gram Priya 10-Year Rural Money Back ₹ 45 / ₹1k 20 to 45 Years Not Available (Periodic Cashbacks) Calculate →
Bal Jeevan Bima Children Life Insurance ₹ 48 / ₹1k Child: 5 to 20 Yrs | Parent: Up to 45 Yrs Not Available Calculate →

Rural Postal Life Insurance - Gram Bal Jeevan Bima RPLIBJB

Gram Bal Jeevan Bima (Children Policy - RPLIBJB) is a dedicated children life insurance scheme introduced under Rural Postal Life Insurance (RPLI). Designed specifically to secure the educational and career aspirations of rural children, it covers children aged 5 to 20 years with life cover up to ₹1 Lakh and includes a complete waiver of future premiums upon the parent's demise.

RPLI Gram Bal Jeevan Bima Children Life Insurance Policy Features and Premium Waiver Rules

100% Sovereign Guarantee

All sum assured policies and accrued bonuses are 100% guaranteed by the Government of India.

Ministry of Communications

Endowment Bonus Rate

Attracts declared bonus rate of ₹50 per ₹1,000 Sum Assured per year (applicable for Endowment).

Declared ₹50 per ₹1,000 SA Annual Rate

Inbuilt Premium Waiver

If policyholder (parent) dies, future premiums are completely waived off with full maturity benefits.

Zero Premium Burden on Demise

No Medical Examination

No medical examination of the child is necessary; risk commences immediately upon proposal acceptance.

Hassle-Free Child Enrollment
5–20 Yrs
Child Entry Age
₹50 / 1K SA
Declared Bonus Rate
Max ₹1 Lakh
Sum Assured Limit
100% Tax Free
Section 10(10D)
Official Actuarial Rate Tables 0% GST Premium Exemption Section 80C & 10(10D) Tax Free Automatic Premium Waiver

How It Works

Calculate your Gram Bal Jeevan Bima premium and maturity benefits in 4 simple steps.

1

Enter Child & Parent Age

Input child DOB (5–20 yrs) and parent age (maximum 45 years).

2

Set Sum Assured

Select coverage sum assured from ₹10,000 up to ₹1,00,000 maximum.

3

Choose Term & Mode

Choose tenure (5–20 yrs) and Monthly, Quarterly, Half-Yearly, or Yearly frequency.

4

View Quote & Protection

Get net premium, ₹50/1K SA annual bonus, and full premium waiver details.

Detailed Overview of RPLI Gram Bal Jeevan Bima Calculator

The RPLI Gram Bal Jeevan Bima Calculator is an official online actuarial utility engineered to compute exact monthly, quarterly, half-yearly, and annual premiums, sum assured rebate discounts, accrued annual bonuses, and guaranteed maturity payouts for the Gram Bal Jeevan Bima (Children Life Insurance Policy - RPLIBJB) scheme administered by India Post (Department of Posts, Ministry of Communications, Government of India).

Gram Bal Jeevan Bima is tailored specifically for children of Rural Postal Life Insurance policyholders. Featuring a declared annual bonus rate of ₹50 per ₹1,000 Sum Assured per year (matching the Endowment Assurance rate), automatic sum assured rebate discounts of ₹1.00 per ₹20,000 SA, and an invaluable Inbuilt Premium Waiver Benefit on parent demise, this policy guarantees that your child's education and aspirations remain completely protected against unforeseen life events.

Salient Features of RPLI Gram Bal Jeevan Bima Scheme

Rural Postal Life Insurance designed the Children Policy with special protections tailored for families in rural India. The salient features of this scheme as officially laid down by the Department of Posts include:

1. Child & Parent Eligibility

Children between 5 and 20 years of age are eligible. The policyholder (parent) must be an active RPLI policyholder and should not be over 45 years of age at policy inception. A maximum of two children per policyholder are eligible.

2. Coverage Sum Assured

Maximum sum assured is ₹ 1,00,000 (1 Lakh) or equal to the sum assured of the parent, whichever is less. The minimum sum assured is ₹ 10,000 with steps of ₹ 5,000.

3. Inbuilt Premium Waiver

No premium to be paid on the Children Policy on the death of the policyholder (parent). Full sum assured and accrued bonus shall be paid to the child upon completion of the policy term.

4. No Medical Examination

No medical examination of the child is necessary. However, the child must be in sound health and risk commences from the date of proposal acceptance.

Declared Bonus Rate & Maturity Calculation Formula

Gram Bal Jeevan Bima attracts the declared annual bonus rate applicable for Endowment policy (Gram Santosh), which is officially ₹50 per ₹1,000 Sum Assured per year.

Bonus & Payout Formula:
• Annual Bonus = (Sum Assured / 1,000) × ₹50
• Total Bonus Accrued = Annual Bonus × Policy Term (in Years)
• Final Maturity Payout = Sum Assured + Total Bonus Accrued
• For example, for ₹1,00,000 Sum Assured over a 10-year term: Annual Bonus = ₹5,000/yr. Total Bonus = ₹50,000. Final Maturity Payout = ₹1,50,000!

Why RPLI Gram Bal Jeevan Bima Stands Out

Unlike commercial private children plans that charge heavy administrative charges, premium allocation deductions, and 18% GST, RPLI Gram Bal Jeevan Bima is a 100% government-backed postal welfare scheme with minimal operational overheads.

GST Burden 0% NIL GST Exempt from Goods & Services Tax
Security 100% Sovereign Ministry of Communications guarantee
Tax Exemption Sec 80C & 10(10D) Completely tax-free maturity

Frequently Asked Questions (FAQs)

Official answers regarding RPLI Gram Bal Jeevan Bima rules, eligibility, bonus rates, and premium waiver.

Gram Bal Jeevan Bima is a life insurance plan for children of Rural Postal Life Insurance policyholders. It provides financial security and maturity benefits for higher education while providing life insurance coverage to the child.
Children between 5 and 20 years of age are eligible. The policyholder (parent) should not be over 45 years of age at the time of purchasing the policy. Up to two children per parent are permitted.
Under the inbuilt Premium Waiver Benefit, no premium needs to be paid on the Children Policy on the death of the policyholder parent. The full Sum Assured and accrued bonuses are paid to the child upon completion of the term.
Gram Bal Jeevan Bima attracts the bonus rate applicable for Endowment policy (Gram Santosh), which is officially ₹50 per ₹1,000 Sum Assured per year.
No medical examination of the child is necessary. However, the child should be healthy and risk shall start from the date of acceptance of the proposal.
The minimum Sum Assured is ₹ 10,000, and the maximum Sum Assured is ₹ 1,00,000 (1 Lakh) or equal to the Sum Assured of the parent, whichever is less.
No loan facility is permitted under the Bal Jeevan Bima policy to preserve the savings exclusively for the child's future needs.
No, RPLI policies enjoy 0% NIL GST exemption on life insurance premiums, resulting in significant savings compared to commercial life insurance.
Premiums paid by the parent qualify for tax deduction under Section 80C of the Income Tax Act up to ₹ 1.5 Lakhs per financial year, and the entire maturity payout is 100% tax-exempt under Section 10(10D).
You can purchase the policy and deposit subsequent renewal premiums at any Department of Posts branch / Branch Post Office (BO) across India, or online via the official India Post customer portal.