PLI Calculator: Postal Life Insurance (PLI) Premium Calculator Online 2025

About Postal Life Insurance (PLI) 2025

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.

Like in the case of other term life insurances, PLI also offers death benefit to the nominee of the insured in the event of sudden death of the insured during the term of the policy.

It is interesting to note that in 1894, PLI became the first ever insurance policy to consider insurance coverage for women employees of the then P&T Dept. As it is known, the Postal Life Insurance has seen exceptional growth over the years.

Postal life insurance offers several life insurance plans and a policyholder can determine the premium of PLI plans by using the PLI premium calculator. There are over 6 PLI plans being offered by the Postal Department of India.

Postal Life Insurance (PLI) Types

Here are the 6 popular PLI plans that one can choose from:

Name of Policy	Entry Age in Years	Loan Facility	Sum Assured	Bonus Declared Last
Endowment Assurance (Santosh)	Min – 19 Max – 50	Available after 4 years	Min – INR 20,000 Max – INR 50 lakh	NA
Whole Life Assurance (Suraksha)	Min – 19 Max – 55	Available after 4 years	Min – INR 20,000 Max – INR 50 lakh	INR 85 per INR 1000 sum assured per year
Joint Life Assurance (Yugal Suraksha)	Min – 21 Max – 45 (For spouses)	Available after 3 years	Min – INR 20,000 Max – INR 50 lakh	INR 58 per INR 1000 sum assured per year
Convertible Whole Life Assurance (Suvidha)	Min – 19 Max – 50	Available after 4 years	Min – INR 20,000 Max – INR 50 lakh	INR 85 per INR 1000 sum assured per year
Anticipated Endowment Assurance (Sumangal)	Min – 19 Max -40 yrs for 20-year term plan, 45 yrs for 15 yrs term plan	NA	INR 50 lakh (Max)	INR 53 per INR 1000 sum assured per year
Children Policy (Bal Jeevan Bima)	Min – 05 Max – 20 (For Children)	NA	INR 3 lakh (Max Sum Assured)	NA

 

Postal Life Insurance 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.

Read More: PLI (Postal Life Insurance) Interest Rate on Loans 2022-23

Factors Affecting Postal Life Insurance (PLI) Premium Amount

Below are the factors considered for determining the premium of PLI plans.  The user of the post office PLI premium 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. The older the insured is, the more the premium is charged.
• 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.

Also Read: PLI calculator maturity amount

Who Should Avail Benefits of Postal Life Insurance (PLI) Calculator?

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 Postal Life Insurance Calculator?

Below are the steps to be taken to use Postal Life Insurance (PLI) Premium 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

Why to use the Postal Life Insurance Premium Calculator?

By using the PLI calculator, you can obtain the accurate estimation of the premium you would be paying for the plan. Further, being a free online tool, it can be used several times to try different plans and sum assured and check the premium in each of them.

However, you should remember that the estimate provided by a PLI premium calculator is just indicative. So, you can’t expect the exact amount of premium as shown in the calculator from your insurer. 

Example of Postal Life Insurance Premium Calculation

Here is an example of premium calculation to help you understand how factors like age of insured and chosen sum assured affect the premium rate of postal life insurance policy. 

For instance, let’s consider the Whole Life Assurance (Suraksha) plan to understand it better. The plan comes with various benefits like sum assured together with accrued bonus offered to the insured when the person turns 80 years. However, in the event of the demise of the policyholder, the payment is given to the nominee. Further, the policy also offers a loan facility after 4 years into the plan

Age of Insured (in years)	Sum assured (in INR)	Monthly premium (in INR)	Premium ceasing age (in years)
30	30 lakhs	6,450	60
30	50 lakhs	10,750	60
35	30 lakhs	7,650	60
35	50 lakhs	12,750	60

In the above example, Premium Ceasing Age means the age at which the last premium is paid.

Let’s take another example of Endowment Assurance (Santosh), which offers benefits to nominees like full payment of sum assured with accrued bonus in the event of death of the insured. The plan also comes with a loan facility after 3 years of plan commencement. 

Age of Insured (in years)	Sum assured (in INR)	Monthly premium (in INR)	Premium ceasing age (in years)
30	30 lakhs	8,250	60
30	50 lakhs	13,750	60
35	30 lakhs	10,050	60
35	50 lakhs	16,750	60

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