Convertible Whole Life Assurance (Suvidha) Plan - Postal Life Insurance (PLI) - Premium Calculator

Policy Type

select policy PLI Endowment Assurance PLI Whole Life Assurance PLI Convertible Whole Life Assurance

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Date of Birth

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Sum Assured

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Premium Ceasing Age

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Calculation results for Convertible Whole Life Assurance (Suvidha) Plan

Insurant's Age on next Birthday :

28 years

Age on Maturity :

80 years

Sum Assured :

Rs. 5,00,000

Premium Ceasing Age:

60 years

Policy Tenure:

32 years

Premium

Rs. 875 Monthly

Rs. 2,625 Quarterly

Rs. 5,250 Half-yearly

Rs. 10,500 Yearly

First Year Premium (with GST)

Mode	Premium	GST @4.5%	Total
Monthly	Rs. 875	Rs. 39	Rs. 914
Quarterly	Rs. 2,625	Rs. 118	Rs. 2,743
Half-yearly	Rs. 5,250	Rs. 236	Rs. 5,486
Yearly	Rs. 10,500	Rs. 473	Rs. 10,973

Next Years Premium (with GST) :

Mode	Premium	GST @2.25%	Total
Monthly	Rs. 875	Rs. 20	Rs. 895
Quarterly	Rs. 2,625	Rs. 59	Rs. 2,684
Half-yearly	Rs. 5,250	Rs. 118	Rs. 5,368
Yearly	Rs. 10,500	Rs. 236	Rs. 10,736

Maturity Details

Policy Maturity Date :

05/01/2077

Sum Assured :

Rs. 5,00,000

Bonus :

Rs. 12,16,000

Maturity Value :

Rs. 17,16,000

Maturity Value Break-up

Topping	Slices
Sum Assured	500,000
Bonus	1,216,000

Bonus

Total Installments to be paid

Mode	Total Installments
Monthly	384
Quarterly	128
Half-yearly	64
Yearly	32

Total Amount Paid (without GST/with GST)

Mode	Total Premium	Total GST	Total Amount
Monthly	Rs. 3,36,000	Rs. 7,908	Rs. 3,43,908
Quarterly	Rs. 3,36,000	Rs. 7,788	Rs. 3,43,788
Half-yearly	Rs. 3,36,000	Rs. 7,788	Rs. 3,43,788
Yearly	Rs. 3,36,000	Rs. 7,789	Rs. 3,43,789