PLI Calculator

Estimate Postal Life Insurance premium, accrued bonus, total premiums and maturity amount for the PLI Endowment Assurance (Santosh) plan.

Choose Policy type

Date of Birth

Maturity Age

Sum Assured (₹)

Premium Frequency

PLI Calculation Formula

Policy Term = Maturity Age − Entry Age Indicative Annual Rate per 1,000: Rate = (1000 / Term × 0.85) + [4 + (Age − 19) × 0.6] × 0.5 Annual Premium = (Sum Assured / 1000) × Rate Periodic Premium = Annual Premium / Payment Frequency Illustrative Bonus = (Sum Assured / 1000) × Bonus Rate × Term Estimated Maturity = Sum Assured + Illustrative Bonus Note: The premium-rate equation is an indicative estimator, not India Post's official pricing engine.

India Post lists Santosh as an Endowment Assurance plan with maturity at predetermined ages and payment of the sum assured with accrued bonus, subject to policy terms. Its online quote system asks for date of birth, product and sum assured to generate an official quote. citeturn0search18turn1search4

How to Use the PLI Calculator

Choose the PLI plan.

Use Santosh for the endowment premium and maturity estimate.

Enter age and sum assured.

Enter the age at entry and desired insurance amount.

Select maturity age.

Santosh documentation lists 35, 40, 45, 50, 55, 58 and 60 years.

Select payment frequency.

View the estimated premium monthly, quarterly, half-yearly or yearly.

Review the estimate.

See premium, total premiums, bonus and projected maturity value.

Example Calculation

Age 30 · 5,00,000 · Maturity at 60

Policy term = 60 − 30 = 30 years.

Using the illustrative PLI bonus rate of 58 per 1,000 per year: Bonus = 500 × 58 × 30 = 8,70,000.

Illustrative maturity = 5,00,000 + 8,70,000 = 13,70,000

58 per 1,000 is a historical published PLI Endowment Assurance bonus rate. Bonus declarations can change; verify the applicable rate for the policy period. citeturn1search12

Understanding the Results

Estimated Premium

An indicative premium calculated from the estimator. The official PLI quote may differ.

Accrued Bonus

Bonus accumulated under the applicable PLI declaration while the policy remains eligible and in force.

Maturity Amount

For Santosh, the basic maturity structure is sum assured plus accrued bonus, subject to policy terms.

Important

Do not treat this result as an official quotation or guaranteed return. Use India Post's official PLI quote before purchasing.

Key Definitions

PLI

Postal Life Insurance, administered by India Post and introduced in 1884.

Santosh

PLI Endowment Assurance plan.

Sum Assured

Basic amount of insurance cover specified by the policy.

Accrued Bonus

Bonus accumulated under the applicable declaration.

Maturity Age

Age at which the Santosh policy is scheduled to mature.

Premium Frequency

How often premium payments are made.

Frequently Asked Questions

PLI stands for Postal Life Insurance. India Post states that PLI was introduced on 1 February 1884. citeturn0search13

It estimates premium, total premium paid, bonus and maturity for the Santosh plan. It is not an official India Post quotation.

India Post documentation lists 35, 40, 45, 50, 55, 58 and 60 years. citeturn1search12

No. India Post provides its own quote workflow requiring policy information and should be used for the exact premium. citeturn1search4turn1search2