PLI Whole Life Assurance (Suraksha)- Calculator

Are you considering securing your financial future and providing long-term protection for your loved ones? Look no further than the Whole Life Assurance (Suraksha) Plan offered by Postal Life Insurance (PLI).

This unique plan provides a safety net throughout your life, guaranteeing a payout either upon reaching 80 years of age or in the unfortunate event of your passing.

With PLI’s Whole Life Assurance plan, you’ll benefit from a combination of guaranteed coverage and potential bonus payouts. The plan offers flexibility too, allowing you to choose a sum assured amount that aligns with your financial goals. Intrigued but unsure how much the premiums might cost?

PLI Whole Life Assurance (Suraksha)- Calculator is a helpful tool that can estimate your personalized premium based on your age, desired sum assured, and chosen premium payment term.

How to use PLI Whole Life Assurance (Suraksha)- Calculator

Step-1 – Please Select your Date of birth Day, Month, and Year from the drop-down

Step-2 Now Select the desired Sum Assured, the minimum SA is Rs. 20,000 and the maximum SA is Rs. 50 lakh.

Step-3 Now Select the Premium ceasing age, the premium paid age is 55,58 & 60 years and maturity will be at the age of 80 years.

Step-4 Now the calculator will show the summary of the selected plan. You can change the details to get the fresh quote.

In WLA only a monthly premium payment mode is available, however, you can be paid a 6-month advance premium to get a 1% rebate and 12 months advance to get a 2% rebate on the paid premium.

PLI Whole Life Assurance (Suraksha)- Calculator

(Best work on desktop mode)

Whole Life Assurance (Suraksha) Insurance Plan: Detailed Features

Here are the key features of the Whole Life Assurance (Suraksha) Insurance Plan:

Benefits:

• You (the insured) will receive the sum assured amount (the amount you choose to be insured for) along with any accumulated bonuses (additional payouts declared by the insurer) under two circumstances:
  • Upon reaching 80 years of age, whichever comes first.
  • In case of your death, provided the policy is still active at the time of claim.
• The payout will be made to your beneficiary, legal representative, or assignee.

Eligibility:

• Minimum entry age: 19 years old.
• Maximum entry age: 55 years old.

Sum Assured:

• You can choose a sum assured amount between a minimum of ₹20,000 and a maximum of ₹50 lakh.

Loan Facility:

• You can avail a loan against your policy after 4 years from the policy start date.

Surrender:

• You can surrender (terminate) the policy after 3 years.
• However, you will not be eligible for any bonus if you surrender before 5 years.
• If you surrender the policy, you will receive a proportionate bonus on the reduced sum assured amount.

Policy Conversion:

• You can convert your Whole Life Assurance policy into an Endowment Assurance Policy until you reach 59 years old.
• There’s a restriction on conversion timing: it cannot be done within one year of stopping premium payments or the policy’s maturity date.

Premium Payment:

• You can choose to pay premiums until you reach 55, 58, or 60 years old.

Bonus:

• The current bonus rate is ₹76 per ₹1,000 sum assured per year. This means for every ₹1,000 you are insured for, you’ll get a bonus of ₹76 each year (subject to change by the insurer).

This is a summary of the plan’s features. It’s important to carefully read the policy document to understand all the terms and conditions before making a decision. The above calculator is for your reference and estimation of the premium table available on Indiapost, maturity value, etc.. only.