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Postal Life Insurance Online Premium Calculator

A PLI Calculator or Postal Life Insurance Premium Calculator is a tool available online to calculate and compare the premiums of different Postal Life Insurance Plans.

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About Postal Life Insurance (PLI)

The postal life insurance (PLI) is regarded as one of the oldest schemes of life insurance in India offered by India Post department. India post with its extensive pan India presence offers a range of different services and products. The Postal life coverage is one of their exclusive products offering a remarkable mix of best features.

The PLI plan was initiated long back in 1884 as a welfare scheme aimed at the employees working in the postal department. Later, in 1888 the plan was extended to the employees of the telegraph department as well.

About Postal Life Insurance (PLI)

Name of Policy


Sum Assured

Endowment Assurance (Santosh)

Min – 19 Max – 50

Min – ₹ 20,000 Max – ₹ 50 lac

Whole Life Assurance (Suraksha)

Min – 19 Max – 55

Min – ₹ 20,000 Max – ₹ 50 lac

Joint Life Assurance (Yugal Suraksha)

Min – 21 Max – 45

Min – ₹ 20,000 Max – ₹ 50 lac

Convertible Whole Life Assurance (Suvidha)

Min – 19 Max – 50

Min – ₹ 20,000 Max – ₹ 50 lac

Anticipated Endowment Assurance (Sumangal)

Min – 19 Max – 50

Min – ₹ 20,000 Max – ₹ 50 lac

Anticipated Endowment Assurance (Sumangal)

Min – 19 Max – 45

Max – ₹ 50 lac

Children Policy (Bal Jeevan Bima)

Min – 05 Max – 20

Max – ₹ 3 lac

PLI Calculator Benefits

Here are some benefits of using a postal life insurance premium calculator:

– Being an online tool, the PLI premium calculator     is easily accessible to people at no cost and can     be accessed anytime and as many times as     required

– You do not need to register in the website to use     the calculator

– The use of calculator saves time as well as it      allows the policy seeker to get accurate      information

– The calculator can be used by anyone anytime      from anywhere in the world

– All you need is to provide the correct information     to get the approximate estimation of PLI premium.

Factors Affecting PLI Premium Amount

Below are the factors considered for determining the premium of PLI plans.  The user of the post office PLI calculator has to offer these details to calculate the premium.

Age of the insured – This is the first thing that a PLI calculator would ask for from the user. This is because age of the insured directly impacts the premium of a policy.

Monthly income of the insured – This is again a very significant detail to know as it impacts the premium. As per the income and the affordability of the insured, the premium is levied on the insured

Sum assured – Sum assured is directly related to the premium levied on an individual. If the coverage is higher, the premium will be greater and vise-versa.

Premium paying duration – The time when the policyholder stops paying policy premium is another determining factor of premium amount. With high ceasing age, the premium paid becomes lower.

Why is the Postal Life Insurance Calculator Needed?

All citizens of India who are working with the below mentioned organizations can purchase the PLI plans conveniently:

Employees of state and central government

People working in NSE and BSE in certain sectors

Employees of autonomous bodies

Employees of RBI

Employees of Financial Institutions

Paramilitary and defense workers

Public sector employees

Employees of educational institutions aided by government of India

Employees of deemed universities

Employees of commercial and nationalized banks

Employees of co-operative society

How to use a PLI Calculator?

Below are the steps to be taken to use PLI Calculator:

Visit Postal Life Insurance portal

Click on the tab of ‘Buy Policy’ on the main page

You will be redirected towards a new page where you have to submit certain details correctly

Now enter the captcha image and click on the tab of ‘Get Quote’

You can see the PLI monthly premium on the screen displayed

What details are required for using the PLI Calculator?

Below are the details required to submit by an individual in the PLI scheme calculator to get approximate results:

– Policy name

– Date of birth

– Contact Number

– Gender

– Email ID

– Pin Code

– Sum assured

– Monthly Income

– Policy end date

Postal Life Insurance Premium Table

You can check the Postal Life Insurance (PLI) premium table from the below links –

– Anticipated Endowment A​ssuarance

– Convertible Whole Life Assurance

– Endowment Assurance

– Whole life Assurance​

– Yugal Surksha

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