How is PLI premium calculated?

How is PLI premium calculated?

For the Endowment Assurance Plan under PLI, one can follow the below-mentioned steps for premium or maturity calculation:

1. Enter the sum assured amount.
2. Enter the year of purchase of the policy.
3. Enter your current age.
4. Enter your maturity age.
5. Click on the ‘Calculate’ button and the results will be displayed.

How do I check my post office life insurance balance?

There are other ways that you can use to check the status of your policy: In case you have any query related to your policy, you can send a mail to the email ID [email protected]. You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.

How is surrender value of postal life insurance calculated?

The paid-up value is calculated as original sum assured multiplied by the quotient of the number of paid premiums and number of payable premiums. On discontinuing a policy, you get special surrender value, which is calculated as the sum of paid-up value and total bonus multiplied by surrender value factor.

What is interest rate of PLI?

10% per annum
The interest on loan availed against the PLI policy is 10% per annum. This is calculated based on a 6 month period.

What is interest rate in Pli?

What is the rate of interest in PLI?

What is the interest on loan availed against the policy? The interest on loan availed against the PLI policy is 10% per annum. This is calculated based on a 6 month period.

What is proposal number?

A. Proposal Number – When you create a proposal, it is auto-assigned a number. This number is generated from this field. So, if you use 2000 for this field, your following proposals would be 2001, 2002, 2003, etc… B.

What is the interest rate of PLI?

Is postal life insurance maturity amount taxable?

As per Section 10(10D) of the Income Tax Act, 1961 the amount of sum assured plus any bonus (i.e. the policy proceeds) paid on maturity or surrender of policy or on death of the insured are completely tax free for the receiver subject to certain conditions.

How is maturity amount calculated in PLI?

Calculated maturity is based on past bonus rates. Postal Life Insurance Premium and maturity calculator lets you to calculate premium and maturity of PLI endowment plan Santosh. The calculator provides complete yearly, half yearly, quarterly, and monthly premium as per sum assured, age and term.