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Postal Life Insurance Calculator

Postal Life Insurance Calculator is an online tool that allows individuals to check and compare the premiums for different plans and policies available under Postal Life Insurance (PLI). This PLI calculator provides an approximate estimation of the premium amount that helps in choosing a life insurance plan that aligns with one’s requirements and budget. 

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What is Postal Life Insurance?

Postal life insurance is the oldest insurance scheme available in India by the India Post, and it offers a total of six protection plans. Similar to term life insurance, PLI plans offer a death benefit amount on the death of the policyholder within the policy term. In case the PLI policy offers maturity or bonus benefits, the accrued bonus will be payable along with the applicable maturity benefit at the maturity of the policy.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

What are the Details Required to Use the PLI Calculator?

Here is a list of details you might need to fill in while using the PLI calculator:

  • Policy Name

  • Gender

  • Birth Date

  • Email Id

  • Contact Number

  • Pin Code

  • Sum Assured

  • Policy Cease Date

  • Monthly Income

How to Use the Postal Life Insurance Calculator?

Follow the steps listed below to use the postal life insurance calculator:

  • Visit the website of postal life insurance.

  • Then click on the ‘Buy Policy’ tab that is placed on the page at the right side.

  • Here one will be taken to a new page wherein the subtleties need to be entered correctly.

  • Once the subtleties are provided, to authenticate enter the captcha image and then click on the ‘Get Quote’ tab.

  • Now, the postal life insurance monthly premium will be on the screen.

one crore term plan

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Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What are the Benefits of Using the PLI Calculator?

The following are the key advantages of using the PLI calculator:

  • Free of Cost: The Postal Life Insurance calculator is an online tool, which is accessible to everyone easily and free of cost.

  • No Registration Needed: To use the PLI calculator, one need not register on the website and easily avail of the benefits.

  • Time-efficient and Accurate: Using the PLI calculator helps save time and the chances of any discrepancy in the calculation are almost negligible as there is no manual calculation involved.

  • Ease of Access: Anyone can use the PLI calculator from anywhere across the globe. All they need to do is provide the information correctly and get an estimate of the postal life insurance premium amount.

What are the Types of Postal Life Insurance Plans?

Now that we have understood the basics of the postal life insurance calculator let us take a look at the types of life insurance plans offered by postal life insurance. 

Postal life insurance Entry Age Loan Facility Sum Assured Last Declared Bonus
Whole Life Assurance (Suraksha) Minimum- 19 years Maximum- 55 years After 4 years Minimum- Rs 20,000 Maximum- Rs 50 lakh Rs 76 per Rs 1000 sum assured each year
Convertible Whole Life Assurance (Suvidha) Minimum- 19 years Maximum- 55 years After 4 years Minimum- Rs 20,000 Maximum- Rs 50 lakh Rs 76 per Rs 1000 sum assured each year for the WLA policy
Joint Life Assurance (Yugal Suraksha) Minimum- 21 years Maximum- 45 years (For Spouses) After 3 years Minimum- Rs 20,000 Maximum- Rs 50 lakh Rs 52 per Rs 1000 sum assured each year
Endowment Assurance (Santosh) Minimum- 19 years Maximum- 55 years After 4 years Minimum- Rs 20,000 Maximum- Rs 50 lakh Rs 52 per Rs 1000 sum assured each year
Anticipated Endowment Assurance (Sumangal) Minimum- 19 years Maximum- For 20 years term plan 40 years For 15 years term plan 45 years NA Maximum- Rs 50 lakh Rs 48 per Rs 1000 sum assured each year
Children Policy (Bal Jeewan Bima) Minimum- 05 years Maximum- 20 years (For Children) NA Maximum Rs 3 lakh or equivalent to the sum assured of the parent Rs 52 per Rs 1000 sum assured each year

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Factors that Affect the Postal Life Insurance Premium Amount

Here is a list of factors that affect the postal life insurance premiums:

  • Age: When it comes to using the postal life insurance calculator, the initial thing that will be asked is the age. It should be understood that age has an impact directly on the premium sum. The older you are, the higher the premiums will be and vice-versa. Someone who is 30 years old will pay less premium to someone who is 40 years of age.

  • Monthly Income: Another important factor while using the PLI calculator is the monthly income. This plays a key role in deciding the premium amount. This is important as it will depict the affordability one’s pocket allows to pay a specified premium amount. In case an individual is unable to pay the life insurance premium on time, the policy may lapse. Therefore, be careful while disclosing the income and provide correct information.

  • Sum Assured: The premium is directly proportional to the sum assured. That means, the more the sum assured, the more the premiums will be.

  • Premium Ceasing Age: This is the time when an individual stops paying the premium amount. It implies that the higher the ceasing age lower will be the premium sum. In case an individual is 55 years of age the premium will be high and if 60 years of age it will be on a lower side.

Points to Keep in Mind When Using the PLI Calculator

Here is a list of points to remember when using the PLI scheme calculator:

  • Provide Correct Information: When using the PLI calculator, make sure that all the information is correct so that one obtains an accurate estimate in regard to the premium. 

  • Compare premiums for different cover: When using the PLI scheme calculator, try checking the premiums for various sum assured as it will help to get the best premium depending upon the budget, and the choice can be made accordingly.

  • Premiums are estimated: Moreover, it is important to understand that the value you get as a premium in the calculator is only indicative. Using the postal life insurance calculator does not mean that one would get a replica of the actual PLI premium figure. 

Wrapping it Up!

The postal life insurance calculator can help the policyholders calculate the premiums they need to pay for their desired PLI policy and make and informed decision. You can easily make all the calculations by entering your basic information and get accurate results in minutes.


  • What is the minimum and maximum sum assured amount within the postal life insurance schemes?

    Ans: Apart from the Bal Jeewan Bima plan, the PLI schemes provide minimum sum assured of Rs 20,000 and Rs 50 lakh to the maximum. The maximum sum assured for the Bal Jeewan Plan is Rs 3 lakh.
  • Is any medical history required when using the postal life insurance premium calculator?

    Ans: When calculating the PLI premium, the personal details such as gender, age, and so forth will be asked and no medical history shall be asked.
  • How is postal life insurance different from any other insurance?

    Ans: Postal life insurance can be accessed by semi-government and government employees. Moreover, PLI is the only provider, that offers high bonuses to the policyholders at cost-effective premiums.
  • What would be the interest rate on the loan taken against the plan?

    Ans: The interest rate on the loan accessed against the PLI plan is 10 per cent every year, which is calculated on the premise of 6 months period.
  • How is the PLI premium calculated?

    Ans: To calculate the PLI premium when using the PLI calculator one needs to provide certain details such as policy number, mobile number, the sum assured, gender, date of birth, and so forth.
  • Is PLI better than LIC?

    Ans: When compared to any of the private insurers or the LIC, PLI offers comparatively affordable premiums. However, it is better to decide on the premise of what fulfils and satisfies an individual’s criteria.

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