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PLI Surrender Value Calculator

Postal Life Insurance (PLI) is an insurance plan for Indian government and semi-government employees and individuals. These plans not only help provide protection but can also offer financial aid in times of need. People can surrender their PLI to get the needed financial assistance. However, before surrendering your PLI, you should use a PLI surrender value calculator to estimate the applicable surrender value.

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What is the Surrender Value of PLI (Postal Life Insurance)? 

At the time of surrendering your plan, you receive a certain amount of premiums that you paid regularly, which will be returned from the insurer. This payment receipt is known as Surrender value. 

A surrender facility is available after 3 years in case of EA, WLA, YS, and CWLA policies. This value depends on the surrendering type, factor, and term of the plan. Bonus on the reduced sum assured amount is paid only if the plan is surrendered after 5 years. 

Policyholders have the facility to avail of loans against PLI as their interest rates are less and affordable. Let’s say if the policyholder misses three premium payments, the insurer will start the surrendering of the plan. The surrender value will then be utilised to settle the outstanding premium and the remaining loan amount.

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What is PLI Surrender Value Calculator? 

PLI surrender value calculator is an online tool that helps customers calculate the amount they would receive on surrendering their Postal life insurance. This calculator can make long and tedious calculations accurately in just a few minutes. With this PLI Santosh surrender value calculator, you can make quick and simple calculations from the comfort of your home. But before we take a look at how the surrender value is calculated, let us take a look at when PLI attains the surrender value.  

When Does a PLI Attain a Surrender Value? 

A PLI policy acquires a surrender value in the following cases: 

When the plan duration is 10 years or more than that 

In this case, the surrender value of PLI is obtained if the premiums are paid regularly at least for 3 consecutive years. PLI surrender value after 10 years can also be calculated using a calculator. 

When the policy duration is less than 10 years 

In this case, the PLI gets a surrender amount if the premiums are regularly paid for at least 2 consecutive years.

How to Calculate the Surrender Value?

PLI Policyholders who are looking for different ways to calculate the surrender value can opt for the PLI Surrender Value calculator. One can easily calculate the exact surrender value in a few clicks with the help of an effective cloud-based online tool called PLI Surrender Value Calculator. 

  • You need to provide some basic information such as the premium amount paid, policy term, mode of premium payment, number of years the plan has completed, amount of premium installment, etc.

  • After providing all these details, the online PLI surrender value calculator instantly determines the surrender value of your PLI life insurance policy.

  • It also helps to calculate the PLI Surrender value after 3 years, PLI surrender value after 5 years, and PLI Surrender value after 10 years.

And similarly, term insurance calculator can be used to calculate the term insurance premium rates.

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About Postal Life Insurance (PLI) Surrender Value Calculator 

PLI Surrender value calculator is a freely available online tool that helps you calculate the approximate details of the PLI policy surrender. By providing the basic information related to your plan, you can easily calculate your PLI surrender value instantly. 

Postal Life Insurance Surrender Value Calculation Using Surrender Factor Table 

PLI Surrender value calculator uses PLI surrender factor table. This gives an estimate of how much you will receive on surrendering a PLI policy. A PLI calculator works on the basis of the following formula: 

Surrender value = (Paid-up value + Reduced Bonus) X Surrender factor. 

Paid-up value = (Sum assured amount X Number of months/years premium)/Total term of the policy (number of months/years). 

Reduced Bonus = (Paid-up value X Policy Term X existing bonus rate of PLI)/1000

Bonus is added each year in April for the plans that are paid up to March. So, in this way, bonuses will be added for the years for which the premium amount is paid in March. 

The PLI Surrender factor can be calculated from the PLI Surrender factor table. Some details are required to complete the process such as date of surrender application, date of birth of insured, and Age as a factor can be used to compute the PLI factor in terms of days, months, and years. 

PLI Surrender Factor Table 

Below is the illustration of the PLI Surrender Value Calculation sheet that can help you calculate the surrender amount easily: 

Exact Age  EA/30 EA/33 EA/35 EA/40 EA/45 EA/50 EA/55 EA/58 EA/60 WL
20 0.616 0.533 0.485 0.383 0.303 0.242 0.196 0.174 0.162 0.101
22 0.678 0.587 0.533 0.420 0.333 0.266 0.214 0.190 0.176 0.109
24 0.747 0.646 0.587 0.462 0.366 0.291 0.234 0.208 0.192 0.118
26 0.823 0.712 0.646 0.508 0.402 0.319 0.257 0.227 0.210 0.128
28 0.907 0.784 0.712 0.560 0.441 0.351 0.281 0.249 0.230 0.139

Benefits of Using PLI Surrender Value Calculator Online 

A PLI Surrender Value Calculator is a variable tool that helps quick and easy comparison of plans based on a number of parameters. Using a PLI calculator, insurance buyers can evaluate their requirements and make an informed decision about choosing the right plan. Here are some major benefits of using a PLI surrender value calculator online. Similarly, check the major benefits of term insurance

  • It is a user-friendly online tool, accessible anytime and anywhere via your computer, to effortlessly calculate the surrender value of PLI. No financial expert assistance is required. Compare various 

  • PLI policies to identify the best option aligned with your family's financial commitments. 

  • Make informed decisions to manage your financial needs effectively. 

  • Evaluate the factors influencing the premium rates of your PLI policy.

How To Use the PLI Surrender Value Calculator?

Following is the step-by-step guide to using the PLI santosh Surrender value calculator: 

  • Visit the official website of the Postal life insurance 

  • Click on Surrender Value Calculator 

  • Enter the basic details such as name, mobile number, policy term, plan name, premium payment mode, number of premium instalments paid, etc., 

  • After submitting these details, the PLI policy surrender value calculator immediately computes the approximate surrender value.

  • The surrender value will be displayed on the page. 

Wrapping Up!

Understanding how this PLI surrender value is calculated at the policy's inception is crucial for making informed financial decisions down the line. The online PLI surrender value calculator simplifies this process with a few easy steps. It is user-friendly, easy to use and tells the value in a couple of minutes and helps in the comparison of various PLI policies for optimal decision-making.


  • Q: What is Postal Life Insurance (PLI)?

    Ans: Postal life insurance offers life coverage benefits to government, semi-government employees, and other professionals. However, in a financial emergency, when a policyholder decides to surrender the PLI plan, he/she receives a surrender value corresponding to the premiums paid. The policyholder might surrender their policy if they urgently need cash or for any financial emergencies.
  • Q: How can I calculate my surrender value?

    Ans: You can calculate your surrender value using the PLI surrender value calculator. You simply need to enter your basic information like your policy number, premiums paid, completed policy years, and more. The calculator will give you accurate results in just a few minutes.

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