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

Policy Types Endowment Assurance (Santosh) Whole Life Assurance (Suraksha) Convertible Whole Life Assurance (Suvidha) Select Policy Type Select Policy Type.

Insurant's Date of birth Age as on next birthday must be between 18 years to 50 years for this plan.

Sum Insured Sum insured range ₹10,000 to ₹10,00,000.

60 Premium ceasing age

15 20 Insurant's Age on Maturity Select maturity age.

Insurant's Spouse Date of birth Age must be between 18 years to 55 years on next birthday.

You should check in on some of those input fields above.

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Calculation results for Convertible Whole Life Assurance (Suvidha) Plan

Insurant's Age on next Birthday :

Age on Maturity :

Sum Assured :

Premium Ceasing Age:

Policy Tenure:

Premium

*as on today (i.e. )

First Year Premium (with GST)

Mode	Premium	GST @4.5%	Total
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Next Years Premium (with GST) :

Mode	Premium	GST @2.25%	Total
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Maturity Details

Policy Maturity Date :

Sum Assured :

Bonus :

Maturity Value :

Maturity Value Break-up

Total Installments to be paid

Mode	Total Installments	Last Installment
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Total Amount Paid (without GST/with GST)

Mode	Total Premium	Total GST	Total Amount
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Facilities available in Convertible Whole Life Assurance (Suvidha) Insurance Plan:

• Under this insurance plan of Postal Life Insurance the proponent is given Whole Life Assurance Policy with the added feature of an option to convert to Endowment Assurance Policy at the end of five years.Assurance to the extent of sum assured with accrued bonus till attainment of maturity 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: 50 years
• Minimum sum assured ₹ 20,000 and Maximum ₹ 50 lac in Endowment Assurance Insurance Plan
• Convertible Whole Life Assurance (Suvidha) Insurance policy can be converted into Endowment Assurance Policy after 5 years not later than 6 years of taking policy. If not converted, policy will be treated as Whole Life Assurance
• Loan facility is also availale in Whole Life Assurance (Suvidha) Insurance policy, the insuranct can take loan from the amount deposited after 4 years
• The insurant can also Surrender the Whole Life Assurance (Suvidha) Insurance Policy after 3 years
• but if the Whole Life Assurance (Suvidha) Insurance policy is surrendered before completion of 3 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 ₹ 76/- per ₹ 1000 sum assured per year in Whole Life Assurance (Suvidha) Insurance policy of Postal Life Insurance. The bonus rate Endowment Assurance insurance Plan of PLI will be given in case of convesion of Whole Life Assurance (Suvidha) Insurance policy