Convertible Whole Life Assurance
Gram Suvidha
A rural whole-life plan with the option to convert to an endowment policy at the end of 5 years. Whole-life cover now, flexibility later.
Suitable for
Younger rural buyers wanting whole-life cover with the option of a fixed-date maturity later.
Key features
- Whole-life cover with a one-time conversion option at 5 years
- Sum assured + accrued bonus
- Loan and surrender
Important conditions
- Conversion exercisable at the end of 5 years
- Post-conversion maturity ages — Verify current terms with India Post
Documents required
- Completed proposal form (in capital letters)
- Identity proof (Aadhaar / PAN / Voter ID / Passport)
- Age proof & address proof
- Proof of eligibility (PLI) / rural residence (RPLI)
- Recent passport-size photographs
- Medical examination report where required by age / sum assured
FAQs
What makes it convertible?
You can convert it to an endowment policy at the end of 5 years.
Maximum entry age?
45 years — lower than Gram Suraksha / Gram Santosh.