Calculation results for PLI Endowment Assurance (Santosh) Plan
Insurant's Age on next Birthday :
28 years
Age on Maturity :
58 years
Sum Assured :
₹ 5,00,000
Policy Tenure:
30 years
Bonus Rate at present:
₹ 52/- per ₹ 1000 sum assured per year
Premium without GST
₹ 1,275 Monthly
[1300 - 25(rebate)]
₹ 3,825 Quarterly
[3900 - 75(rebate)]
₹ 7,540 Half-yearly
[7690 - 150(rebate)]
₹ 14,840 Yearly
[15140 - 300(rebate)]
First Year Premium (with GST)
| Mode | Premium | GST @4.5% | Net Premium |
|---|---|---|---|
| Monthly | ₹ 1,275 | ₹ 57 |
₹ 1,332
|
| Quarterly | ₹ 3,825 | ₹ 172 |
₹ 3,997
|
| Half-yearly | ₹ 7,540 | ₹ 339 |
₹ 7,879
|
| Yearly | ₹ 14,840 | ₹ 668 |
₹ 15,508
|
Renewal Premium (with GST)
| Mode | Premium | GST @2.25% | Net Premium |
|---|---|---|---|
| Monthly | ₹ 1,275 | ₹ 29 |
₹ 1,304
|
| Quarterly | ₹ 3,825 | ₹ 86 |
₹ 3,911
|
| Half-yearly | ₹ 7,540 | ₹ 170 |
₹ 7,710
|
| Yearly | ₹ 14,840 | ₹ 334 |
₹ 15,174
|
Maturity Details
Policy Maturity Date :
05/01/2055
Sum Assured :
₹ 5,00,000
Bonus :
₹ 7,80,000
Terminal Bonus :
₹ 1,000
Maturity Value :
₹ 12,81,000
Maturity Value Break-up
Total Installments to be paid
| Mode | Total Installments |
|---|---|
| Monthly | 360 |
| Quarterly | 120 |
| Half-yearly | 60 |
| Yearly | 30 |
Total Amount Paid (without GST/with GST)
| Mode | Total Premium | Total GST | Total Amount |
|---|---|---|---|
| Monthly | ₹ 4,59,000 | ₹ 10,776 | ₹ 4,69,776 |
| Quarterly | ₹ 4,59,000 | ₹ 10,664 | ₹ 4,69,664 |
| Half-yearly | ₹ 4,52,400 | ₹ 10,538 | ₹ 4,62,938 |
| Yearly | ₹ 4,45,200 | ₹ 10,354 | ₹ 4,55,554 |
Facilities available in Endowment Assurance (Santosh) Insurance Plan:
- Under this insurance plan of Postal Life Insurance the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the pre- determined age of maturity. And the pre- determined age of maturity for Endowment Assurance Insurance Policy is 35,40,45,50,55,58 & 60 years of age.
- In case of death of insurant, assignee, nominee or legal heir is paid full amount of sum assured with accrued bonus
- Minimum age at entry for Endowment Assurance Insurance Plan: 19 years Maximum age at entry for Endowment Assurance Insurance Plan: 55 years
- Minimum sum assured ₹ 20,000 and Maximum ₹ 50 lac in Endowment Assurance Insurance Plan
- Loan facility is also availale in Endowment Assurance Insurance Plan, the insuranct can take loan from the amount deposited after 3 years
- The insurant can also Surrender the Endowment Assurance Insurance Policy after 3 years
- but if the Endowment Assurance Insurance Policy is surrendered before completion of 5 years, the insurant will not be eligible for bonus if surrendered
- Proportionate bonus on reduced sum assured is paid if policy is surrendered after 5 years in endowment assurance insurance policy of Postal Life Insurance.
- Present bonus rate is ₹ 52/- per ₹ 1000 sum assured per year in endowment assurance insurance policy of Postal Life Insurance. The bonus rate may sometime treated as interest rate of Postal Life Insurance but the authentice term is bonus rate.
Very nice 👍🏻
ReplyDeleteThank you so much. Please share with others.
DeleteKya LIC ki tarah PLI endowment assurance (Santosh) mai bhi accidental death and disability benefit or term rider option hai..?
ReplyDeleteNo, at present there’s no such option available
DeleteNo, at present there’s no such option available
ReplyDeleteIs PLI endowment assurance (Santosh) cover Suscide death, also tell wcan we cover spouse and children within this scheme.
ReplyDelete1.Suicidal death case is dealt as claim case after one year of policy acceptance. before 1 year 80% of deposited premia or surrender (which ever is higher) value is given.
Delete2. Endowment assurance is or one person only. Spouse is covered in Joint Life Assurance.
Each year bonus kab add hota sir
ReplyDeleteOn the day of policy acceptance.
DeleteWe paid half yearly and discontinued and after 2 years we now done revival but they added interest too payable by us for 22,000/- and our Half yearly premium is only 28,000 What is the benefits after paying half yearly for 9 years. Is this policy number EA/55 good ? what benefits we get after waiting for 9 years.Why did they add interest payable by us ? let Admin explain to me at the earliest.
Deleteonly PLI santosh have yearly half year and quarterly mode
ReplyDeleteYes however policy holder can deposit any policy’s premia as quarterly or for any number of months and avail rebate in premium if applicable.
DeleteYes however policy holder can deposit any policy’s premia as quarterly or for any number of months and avail rebate in premium if applicable.
ReplyDeleteI took PLI from Army Postal Service in 2009. Any documentation I need to do before it gets matured.
ReplyDeletePolicy bond would suffice. For more information please contact near by PO.
Deletepremium 1778,
ReplyDeleteJan 2019 to Jan 2031,
how much total amount will be received in Jan 2031
premium 1185,
ReplyDeleteOctober 2009 to October 2029,
How much total amount will be received till Oct. 2029
How to surrender PLI. Someone told me if I surrender PLI , I wouldn't be getting the amount I Paid.
ReplyDeleteAt least three year old policies may be surrendered as of now
Deletenice
ReplyDeleteThank you. Please share with others.
DeleteHi, mujhe PLI premium table chahiye kya aap de skte hain (santosh, suraksha, aur suvidha plan ke liye.for montlhy, quaterly, half-yearly, yealry. I need to check my premium and validate som data.
ReplyDeletePlease use the calculator to validate the data.
DeleteIf we pli surrender within year in pay national problem what we get amount please give me your answer ❤️
ReplyDeleteAt least three year old policies may be surrendered as of now
DeletePli surrender within one year what happens can we get paid total amount please give solution adimin
ReplyDeleteAt least three year old policies may be surrendered as of now
Delete