Endowment Assurance (Santosh) - PLI Calculator

PLI Endowment Assurance (santosh) Premium Calculator

About PLI Endowment Assurance Plan

Postal Life Insurance (PLI) offers an attractive Endowment Assurance Plan that provides life coverage along with an investment opportunity. Under this plan, the policyholder is assured of a sum assured plus accrued bonus at the time of maturity, provided they survive the policy tenure.

In case of the unfortunate demise of the policyholder during the policy tenure, the nominee will receive the sum assured along with the accumulated bonus. The available maturity ages for this policy range from 35 to 60 years, with different premium rates depending on the age at entry.

Additionally, policyholders can avail loan facilities after 3 years of policy completion. If the policy is surrendered before the 5th year, they won't be eligible for any bonuses. However, if the policy is surrendered after 5 years, the policyholder is entitled to a proportionate bonus.

Frequently Asked Questions (FAQ)

1. What is the minimum and maximum sum assured in the PLI Endowment Assurance Plan?
The minimum sum assured is ₹20,000 and the maximum sum assured is ₹50,00,000 in the PLI Endowment Assurance Plan.
2. Can I take a loan against my policy?
Yes, you can avail a loan against your policy after it completes 3 years. The loan amount will depend on the value of the premium paid.
3. Is there any penalty for surrendering the policy before the 5th year?
If you surrender the policy before completing 5 years, you will not be eligible for the bonus. However, if the policy is surrendered after 5 years, you will receive a proportionate bonus on the reduced sum assured.
4. How is the bonus calculated in the PLI Endowment Assurance Plan?
The bonus is calculated at a rate of ₹52/- per ₹1000 sum assured per year, as per current norms. This can vary based on the financial performance of the Postal Life Insurance.

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