Investments
PLI Calculator
Postal Life Insurance (PLI) + Rural PLI (RPLI) maturity and premium calculator — all 14 plan variants, FY 2024-25 declared bonus rates, government-backed. Built for vibefeed.in.
Plan & inputs
FY 2024-25 declared bonus · last valuation by Dept. of Posts
*Approximate annual premium based on standard PLI rate cards. Actual premium varies by exact age (years + months), payment mode (monthly / quarterly / half-yearly / yearly) and medical loading. For exact quote, use the official PLI premium calculator or visit your post office.
Policy value growth
Sum assured + bonus accrued per year (death benefit at year y)
Tax treatment
- • Premium: Section 80C deduction up to ₹1.5L (old regime)
- • Maturity proceeds + bonus: tax-free under Section 10(10D) if annual premium ≤ 10% of SA
- • Death claim: always tax-free
- • Loan against policy: available after 3 years
All PLI / RPLI plans — bonus rates (FY 2024-25)
Bonus rates are declared annually by the Department of Posts. The figures below are the latest valuation. All plans qualify for Section 80C on premium and Section 10(10D) tax-free maturity.
| Plan | Type | Bonus / ₹1,000 SA p.a. | Max SA | Entry age |
|---|---|---|---|---|
| Suraksha | Whole Life | ₹76 | ₹50 L | 19 – 55 |
| Santosh | Endowment | ₹52 | ₹50 L | 19 – 55 |
| Suvidha | Convertible WL | ₹52 | ₹50 L | 19 – 45 |
| Sumangal | Anticipated EA (15/20Y) | ₹48 | ₹50 L | 19 – 40 / 45 |
| Yugal Suraksha | Joint Life EA | ₹47 | ₹50 L | 21 – 45 (both) |
| Bal Jeevan Bima | Children | ₹52 | ₹3 L per child | 5 – 20 (child) |
| Gram Suraksha | Rural Whole Life | ₹65 | ₹10 L | 19 – 55 |
| Gram Santosh | Rural Endowment | ₹50 | ₹10 L | 19 – 55 |
| Gram Suvidha | Rural Convertible WL | ₹50 | ₹10 L | 19 – 45 |
| Gram Sumangal | Rural AEA (15/20Y) | ₹47 | ₹10 L | 19 – 40 / 45 |
| Gram Priya | Rural AEA (10Y) | ₹47 | ₹10 L | 20 – 55 |
| Gram Bal Jeevan | Rural Children | ₹50 | ₹1 L per child | 5 – 20 (child) |
Source: pli.indiapost.gov.in. Bonus rates declared annually post valuation; subject to change at next declaration.
FAQs
What is Postal Life Insurance (PLI)?
PLI is India's oldest life insurance scheme (since 1884), operated by the Department of Posts. It offers six plan families — whole life, endowment, convertible whole life, anticipated endowment (money-back), joint life, and children's policy — backed by the Government of India. Bonus rates (₹47–₹76 per ₹1,000 SA per year) are among the highest in the industry.
Who is eligible to buy PLI?
Central and State Government employees, defence and paramilitary forces, PSUs, nationalised banks, listed company employees, professionals (doctors, engineers, CAs, lawyers, MBAs), educational institutions, autonomous bodies, and NRIs (subject to eligibility checks). RPLI (Rural PLI) is open to any resident of a notified rural area.
How is the maturity benefit calculated?
Maturity = Sum Assured + (Bonus rate per ₹1,000 SA × Sum Assured / 1000 × Policy term in years). Example: ₹10 lakh Santosh (EA) at ₹52 bonus for 20 years = ₹10L + (52 × 1000 × 20) = ₹20.4 lakh.
What are the bonus rates for 2026?
Latest declared (FY 2024-25 valuation): Suraksha (WLA) ₹76, Santosh/Suvidha/Bal Jeevan ₹52, Sumangal ₹48, Yugal Suraksha ₹47 per ₹1,000 SA p.a. RPLI: Gram Suraksha ₹65, Gram Santosh/Suvidha/Bal Jeevan ₹50, Gram Sumangal/Priya ₹47. Bonus is declared annually; rates can change at next valuation.
Is PLI maturity tax-free?
Yes, under Section 10(10D), if the annual premium does not exceed 10% of the sum assured. Premium qualifies for Section 80C deduction up to ₹1.5L (old regime). Death claim is always tax-free.
PLI vs LIC vs private term insurance — which is better?
PLI has lower premiums (20–40% cheaper for the same SA) and higher bonus rates than LIC and private endowment plans. However, PLI is endowment / whole life — not pure term. For pure life cover, a private term plan is cheaper. PLI works best for combined savings + cover, especially for eligible categories.
Can I take a loan against my PLI policy?
Yes, after 3 years from policy commencement. Up to 90% of surrender value can be taken as a loan at competitive interest. Policy remains in force while loan is outstanding.
What is the difference between PLI and RPLI?
RPLI (Rural PLI) is open only to residents of notified rural areas (per Census). Maximum sum assured is ₹10 lakh (vs ₹50 lakh for PLI). Bonus rates are slightly lower. Otherwise the plan structures are identical.
How accurate is the premium estimate in this calculator?
Premiums are approximated using simplified actuarial formulas tuned to published PLI rate cards. Actual premium varies by exact age (years + months), medical loading, and payment mode (monthly/quarterly/half-yearly/yearly). For exact quotes, use the official PLI portal (pli.indiapost.gov.in) or visit a post office.