Postal Life Insurance Convertible Whole Life Assurance (Suvidha) Calculator
Get wholesome insights into premium, maturity, term, taxes, bonus and returns of investment in Suvidha PLI policy.
Policy Conditions & Notes
You can avail loan on your policy after 3 years.
You can surrender your policy after 3 years.
No bonus will be paid if the policy is surrendered before 5 years.
Proportionate bonus will be paid if the policy is surrendered after 5 years.
In case of the death of insurant, sum assured with accrued bonus will be paid to the assignee, nominee or legal heir.
In the first 5 years of term, policy will be treated as Whole Life Assurance. After completion of 5 years, the policy can be converted to Endowment Assurance, but no later than 6 years. If the it is not converted then policy will be treated as Whole Life Assurance with fixed premium ceasing date as 60 years. If the policy is converted then it will be treated as Endowment Assurance for the rest of the term with different premium rates and maturity ages options.
Last declared bonus rate: ₹76 per ₹1000 sum assured per year for the term of Whole Life Assurance and ₹52 per ₹1000 sum assured per year for the term of Endowment Assurance.