Postal Life Insurance (PLI) Calculator

The Anticipated Endowment Assurance Policy under Postal Life Insurance (PLI) — also known as the Sumangal Policy — is a unique money-back endowment based life insurance plan that provides periodic survival payouts with maturity benefits and life cover with death benefits.

It is designed to offer financial returns at regular intervals during the policy term, while still providing the full sum assured plus accrued bonus as a death benefit, regardless of any survival benefits already paid.

Term of Sumangal policy comes in two options, 15 years and 20 years.

The Sumangal policy distributes the maturity benefit in the form of periodic survival payouts and a final lump sum maturity payout, depending on the policy term:

For the 15-Year Policy Term: As survival benefit, 20% of the sum assured is paid on the completion of 6th, 9th, and 12th year of the term. And as maturity benefit, the remaining 40% of sum assured with accrued bonus is paid on the completion of full term at the end of 15 years.

For the 20-Year Policy Term: As survival benefit, 20% of the sum assured is paid on the completion of 8th, 12th, and 15th year of the term. And as maturity benefit, the remaining 40% of sum assured with accrued bonus is paid on the completion of full term at the end of 20 years.

If the policyholder passes away during the policy term, the full sum assured along with the accrued bonus is paid to the assignee, nominee or legal heir — without taking into account any survival payments already made. i.e. The survival payouts are not deducted from the death benefit.

Periodic return in Sumangal (Anticipated Endowment Assurance) policy makes it the most affordable plan among all Postal Life Insurance policies.

These payouts help support the policyholder financially during the premium-paying years and can be reused to cover future premiums — making it a self-sustaining savings-linked insurance plan.

The PLI Sumangal policy (Anticipated Endowment Assurance) in Postal Life Insurance is insurance-cum-investment plan designed to serve as both a life insurance and long-term investment solution with periodic returns. Its core objectives are to:

• Ensure financial protection for the policyholder’s family by offering life cover with death benefit in case insured person passes away during the policy term.
• Provide financial support to the policyholder during the policy term through assured periodic survival benefits, helping with liquidity needs for the survival and premium payments.
• Provide a maturity payout at the end of the term for retirement financial stability — if the policyholder survives the full duration.

The Anticipated Endowment Assurance (Sumangal) policy under Postal Life Insurance (PLI) is a unique money-back life insurance plan that offers periodic survival benefits along with full life cover. One of its standout features is that survival payouts do not reduce the death benefit. If the policyholder passes away during the term, the full sum assured and accrued bonus are paid, regardless of any previous payouts.

• Survival Benefits (Money-Back Returns): The policy offers three periodic payouts, each equal to 20% of the sum assured:
  • For a 15-year term: payouts occur at the end of 6, 9, and 12 years.
  • For a 20-year term: payouts occur at the end of 8, 12, and 16 years.
• Maturity Benefit: Upon surviving the full term, the remaining 40% of the sum assured is paid out along with the total accrued bonus as a lump-sum maturity amount.
• Death Benefit: In case of death during the policy term, the full sum assured plus accrued bonuses are paid to the nominee, assignee, or legal heir. Any previously paid survival benefits are not deducted.
• Policy Term Options: The policy is available in two term durations — 15 years and 20 years.
• Entry Age Limits:
  • Minimum entry age: 19 years (next birthday)
  • Maximum entry age: 45 years for 15-year term; 40 years for 20-year term
  • Policy maturity must not exceed the age of 60
• Sum Assured: Between ₹20,000 and ₹50,00,000, in multiples of ₹10,000.
• Bonus Accumulation: Annual bonus of ₹48 per ₹1,000 sum assured, as declared by India Post under current PLI guidelines.
• Premium Rebates:
  • ₹1/month rebate for every ₹20,000 sum assured
  • 1% rebate for 6-month advance payment
  • 2% rebate for 12-month advance payment
• Premium Frequency: Premiums are payable on a monthly basis only.
• Medical Examination: Medical examination is required if the sum assured exceeds ₹5 lakh or proposer exceeeding the age of 40 years.
• Policy Surrender: Surrender is not allowed. However, if premiums are discontinued after paying for at least 3 years, a reduced paid-up value is applicable at maturity or in case of death. No survival benefits are paid post premium discontinuation.
• Loan Facility: Not available under this policy.

You can easily use the PLI Sumangal Calculator to estimate your premium payments, survival benefits, and maturity value. Just follow the simple steps below:

1. Select Policy Option: Choose Anticipated Endowment Assurance (Sumangal) from the list of PLI policy types.
2. Enter Date of Birth: Input your date of birth in DD/MM/YYYY format. This helps determine your entry age.
3. Select Policy Term: Choose your preferred term — either 15 years or 20 years.
4. Enter Sum Assured (₹): Enter the sum assured amount, a guaranteed amount of insurance for the death benefit and maturity benefit (excluding bonus amount). This is the base insurance amount that will also be used to calculate premiums, survival payouts, and maturity benefits.
5. Premium Frequency: Premiums for the Sumangal policy are payable on a monthly basis only.
6. Click “Calculate”: After filling in all required fields, click the “Calculate” button to view your personalized policy performance report.

In calculation results, you’ll see a complete breakdown of Sumangal policy details:

• Entry Age – Applicant's age on next birthday.
• Maturity Age – Applicant's age when Sumangal policy ends and last maturity payout is released.
• Policy Term (in years) – Policy tenure between entry age and maturity age, for which life insurance policy provides insurance coverage to the policyholder.
• Sum Assured – The guaranteed amount of insurance in maturity value, excluding bonuses.
• Maturity Date – The date on which life insurance policy matures and last maturity payout is released.

• Total Premium Installments: Number of monthly payments over the policy term.
• Monthly Base Premium: The base premium before applying rebates and GST.

• Rebate per installment – The monthly discounted amount based on sum assured applying on each premium payment.
• Total rebate amount – Total amount of rebate applied on total premium payment.
• Premium after rebate – Premium amount of each instalment after applying rebate.

• Year 1: GST @ 4.5% per premium installment (CGST @ 2.25% + SGST @ 2.25%).
• From Year 2 Onward: GST @ 2.25% per premium installment (CGST @ 1.125% + SGST @ 1.125%).
• Total GST: Cumulative GST amount on premium over the full term.

• Premium per installment (For Year 1)
• Premium per installment (from Year 2 onward)
• Total premium payable over full term

• Regular Bonus: ₹48 per ₹1,000 sum assured/year

• Three payouts of 20% of the sum assured: At 6th, 9th and 12th year of the term for policy with 15 years term and at 8th, 12th and 16th year of the term for policy with 20 years term.
• Total amount of survival benefits: Total of three survival benefit payouts accounting for 60% of sum assured.
• Final Maturity Payout: Remaining 40% of sum assured + full accrued bonus.

• Total Maturity Amount as Full Sum Assured + Accrued Bonus OR Survival benefits + Maturity payout.

• Returns on Investment as Net gain as difference between receivable Total Maturity Value and Total Premium Paid.

• Sum Assured + Bonus Chart - Visualizes guaranteed value and bonus portion.
• Total Premium vs. Net Gain Chart - Highlights the net financial gain.

• Click "Copy Summary" to copy the policy projection results.
• Click "Download PDF" to save the full policy projection details for future use or sharing.

You can change policy term and sum assured to instantly check how that impact premiums, survival benefits, bonus amount, maturity value and total returns. This helps you make data-driven decisions to choose the best policy configuration considering affordability and long-term benefit.

If Ravi starts investing in Sumangal policy (Anticipated Endowment Assurance) at the age of 25 years by purchasing the policy of Rs. 10 lakhs with 15 years term then his monthly premium payment will be Rs. 6,600/- (ex. GST), he will receive the survival benefit of Rs. 2,00,000/- each on completing 6th year, 9th year and 12th year of term and at the end of 15 year term he will receive remaining Rs. 11,20,000/- with accrued bonus as maturity benefit. Total returns come to Rs. 5,13,000/- at ROI of 43%.

If Ravi starts investing in Sumangal policy (Anticipated Endowment Assurance) at the age of 25 years by purchasing the policy of Rs. 10 lakhs with 20 years term then his monthly premium payment will be Rs. 5,000/- (ex. GST), he will receive the survival benefit of Rs. 2,00,000/- each on completing 8th year, 12th year and 16th year of term and at the end of 20 year term he will receive remaining Rs. 13,60,000/- with accrued bonus as maturity benefit. Total returns come to Rs. 7,44,000/- at ROI of 61%.

Below is the table with figures illustrating the above scenario with investment starting at the age of 25, 35, 40 and 45 years of age in PLI Sumangal policy.

The PLI Anticipated Endowment Assurance (Sumangal) policy offers a rare combination of life insurance protection, periodic money-back returns, and a government-backed savings plan — all in one.

Affordable premiums and scheduled payouts make it especially suitable for those seeking short-term liquidity along with long-term financial stability.

The policy provides:

• Life Cover: Death benfit protects the family of policyholder in case of death during the policy term.
• Survival Benefits: Periodic money-back payouts help meet survival needs — and can support future premium payments if managed wisely.
• Maturity Benefits: The maturity payout at the end of the term, ensures financial security in older age.
• Bonus Accumulation: Annual bonuses enhances the policy’s maturity value year on year.
• Tax Savings: Tax exemptions are available on premium payments under Section 80C, and maturity benefits under Section 10(10D) of the Income Tax Act.

Guaranteed returns with scheduled payouts backed by government assurance makes the PLI Sumangal (Anticipated Endowment Assurance) policy ideal for those looking for a reliable and affordable life insurance plan that also supports mid-term and long-term financial security.

The following individuals are eligible to purchase the Sumangal policy:

• Employees of the Central Government and State Governments
• Employees of Public Sector Undertakings (PSUs)
• Staff in Railways, Telecom, Defence, and Para-Military Forces
• Personnel in local bodies and autonomous government institutions
• Employees of Nationalized Banks, State Bank of India and its subsidiaries
• Staff in government-notified financial institutions
• Employees of government-aided or recognized private educational institutions
• Teaching and non-teaching staff of schools/colleges affiliated to CBSE, ICSE, State Boards, Open Schools or Accredited institutions (NAAC, AICTE, MCI, etc.)
• Staff of autonomous bodies, research councils, and recognized universities
• Professionals such as Doctors, Engineers, Chartered Accountants, Company Secretaries, MBAs, Lawyers, Management Consultants, Bankers, Architects, etc
• Employees of companies listed on the NSE or BSE
• Contract-based employees (where contract is renewable)
• Members and employees of government-registered cooperatives
• Members and employees of registered cooperative societies funded partly or fully by Central/State Governments, RBI, NABARD, Nationalized Banks
• Employees of recognized research institutions, deemed universities, and autonomous bodies

Apart from this regarding educational qualification, there is no minimum educational qualification required to purchase the PLI Sumangal policy. Eligibility is primarily based on your employment type.

During the online or offline application process, you will be asked to select your occupation and educational qualification based on standard categories used by India Post.

• Central Government
• State Government
• PSU
• Bank
• Defence
• Para-Military Force
• Railway
• Telecom
• Professionals
• BSE/NSE Listed Companies
• Other

• Illiterate
• Primary Education
• Middle Class
• High School
• Senior Secondary Education
• Diploma
• Graduate
• Post Graduate
• Other

The following documents are required to issue a PLI Anticipated Endowment Assurance (Sumangal) policy. These help establish the applicant’s identity, eligibility, health status, and official verification.

1. Proof of Age – Any valid government-issued document showing date of birth (e.g., Aadhaar card, birth certificate, school leaving certificate)
2. Proof of Address – Valid address proof such as Aadhaar card, voter ID, utility bill, or passport
3. Identity Proof – PAN card, Aadhaar card, voter ID, driving license, or any government-recognized photo ID
4. Declaration of Medical Examiner – Medical report or fitness certificate issued by a government-authorized medical examiner (especially required for high sum assured or older age groups)
5. Certificate by Immediate Supervisor – For salaried individuals in eligible organizations, this certificate confirms employment details and designation
6. Certificate by DO/FO (PLI) or Authorized Agent – Signed verification by Departmental Officer (DO), Field Officer (FO), or registered PLI agent
7. Declaration by Proponent – A self-declaration by the applicant regarding their health, lifestyle habits, and policy understanding
8. Declaration by Spouse (if applicable) – In certain cases (like financial declarations), the spouse’s consent or declaration may be required

The PLI Anticipated Endowment Assurance (Sumangal) calculator uses official POLI rules to compute key policy outcomes based on your input values: date of birth, policy term, and sum assured.

Here’s a simplified breakdown of the core calculation logic:

• Maturity age = Entry Age + Term

(Maturity age is the time when policy term ends.)

• Total Installments = Policy Term × 12 (Installments per Year)
• Base Premium (per installment) = Sumangal Premium Rate × Sum Assured

(Calculated using premium rate slabs defined in POLI rules for Sumangal policy, based on policy term and entry age.)

• Rebate per premium = (Sum Assured ÷ 20,000)
• Total Rebate = Rebate per premium × term × 12 (months)

(Rebate of ₹1 per month is given for every ₹20,000/- of sum assured across the policy duration. All rates of rebate are applied automatically in the calculator as per official Postal Life Insurance (POLI) rules for Sumangal policy.)

• GST on each premium payment = Premium After Rebate × GST Rate

(On each premium payment, first year GST rate = 4.5% & from second year onward renewal GST Rate = 2.25%.)

• Total GST = GST per Premium installment × Total Installments

(The GST for the first year and rest of the term are calculated separately. Total GST amount includes GST on premiums for the first year and for the rest of the term. All GST rates are applied automatically in the calculator as per official Postal Life Insurance (POLI) rules.)

• Total Premium = (Base Premium × Total Installments) – Total Rebate + Total GST

(The total amount of premium payable for the full policy term with deducted rebates and added GST.)

• Bonus = (Sum Assured × Bonus Rate × Policy Term) / 1000

(Bonus rate = ₹48 per ₹1,000 sum assured per year. In bonus calculation, if policyholder passes away then policy term will be calculated up to the date of death from entry age otherwise bonus calculation counts full policy term till maturity of policy.)

• Survival benefit payment = Sum assured * (20 / 100)

(Each survival benefit payout consists of 20% of sum assured amount. These payout comes in 3 periodic parts during the term. So the total survival benefit accounts for 60% of sum assured.)

• Maturity payment = Sum assured * (40 / 100) + Bonus OR Sum assured – Total survival benefit + Bonus

(Maturity benefit payment is paid at the end of term consists of remaining 40% of sum assured with accumulated bonus amount of the full term.)

• Death benefit = Full Sum Assured + Bonus accrued till the date of death

(Death benefit is the total amount of full sum assured (100%) and bonus accumulated till date of death, without counting any survival benefits if paid any.)

• Total Maturity Value = Survival benefit + Maturity payment

(This is the total amount policyholder receives in parts, as the total of survival benefit which is 60% of sum assured and last maturity payout of 40% of sum assured with accumulated bonus at the end of term.)

• Net Gain = Total Maturity Value – Total Premium Paid

(Net gain Indicates the return on investment in the Sumangal policy.)