Postal Life Insurance (PLI) is India’s oldest government-backed life insurance provider, launched in 1884. Today, PLI offers tailored, secure, and affordable insurance plans for government employees and eligible professionals. To simplify your financial planning, our free PLI premium calculator helps you estimate your premium, bonus, and maturity value across various PLI plans like Santosh, Suraksha, and Suvidha.
What is Postal Life Insurance (PLI)?
Postal Life Insurance is a scheme by the Indian Post Office offering insurance plans to central and state government employees, PSU workers, educational institution staff, and others. With a solid reputation for reliability and simplicity, PLI covers a wide range of insurance needs including endowment, whole life, and convertible policies.
Why Use a PLI Calculator?
Our advanced PLI calculator tool makes it easy to:
- Get accurate premium estimates based on your age, policy type, and sum assured
- Visualize bonuses, maturity value, and total paid
- Compare multiple plans side-by-side before making a decision
- Save time by avoiding manual calculations
Types of PLI Plans Covered
- Endowment Assurance (Santosh): Combines savings and protection, ideal for long-term goals
- Whole Life Assurance (Suraksha): Offers lifelong protection with a lump sum payout to beneficiaries
- Convertible Whole Life (Suvidha): Flexibility to convert to an endowment policy later
How to Use Our Online PLI Calculator
Our website provides separate, easy-to-use calculators for three major PLI plans: Santosh (Endowment Assurance), Suraksha (Whole Life Assurance), and Suvidha (Convertible Whole Life Assurance). Follow the steps below to calculate your premium and maturity amount accurately:
- Select Your Plan: Choose one of the three calculators – Santosh, Suraksha, or Suvidha – based on your insurance needs.
- Enter Policy Details: Input your date of birth, the desired sum assured (₹), and your maturity age.
- Click "Calculate": Instantly view your monthly premium, GST, maturity amount, and total payout.
- Refine Your Results: Adjust values like maturity age or sum assured to explore different scenarios and choose the ideal PLI plan for your goals.
These calculators are designed to give you a transparent and detailed overview, helping you make informed financial decisions without visiting a post office.
Benefits of Using a PLI Calculator
- Quick Results: Instant, accurate outputs
- Mobile-Friendly: Use it on any device, anytime
- Free & Reliable: No sign-up, 100% free tool
- Updated Calculations: Based on the latest PLI bonus and premium rates
Key Factors That Influence Your PLI Premium
- Age at Entry: Lower age = lower premium
- Sum Assured: Higher coverage = higher premiums
- Maturity Age or Policy Term: Longer durations can reduce premiums
- Plan Type: Different plans offer varying rates and bonuses
PLI vs LIC: Which Is Better?
- Premiums: PLI generally offers lower premiums for government employees
- Coverage: LIC offers wider plan variety, including ULIPs and pension plans
- Accessibility: PLI has unmatched rural outreach through post offices
- Claim Process: Both have strong claim settlement records
FAQs About the PLI Premium Calculator
- Q: Is the PLI calculator accurate?
A: Yes, it’s based on the latest PLI tables and bonus rates as per India Post guidelines. - Q: Can I calculate maturity amount too?
A: Yes, our calculator estimates both premiums and final maturity value. - Q: Who can buy a PLI policy?
A: Government employees, PSU staff, and professionals in specified organizations. - Q: Is GST included in the premium?
A: Yes, we show GST-inclusive premium amounts for clarity.