PLI Children Policy (Bal Jeevan Bima) Calculator

Premium Calculator

Select Policy

Choose your preferred PLI policy type

Child's Age (Years)

Child's age should be between 5 and 20 years

Parent's Age (Years)

Parent's age should be between 21 and 50 years

Sum Assured (₹) Minimum sum assured is ₹20,000

Policy Term (Years) Policy term should be between 5 and 25 years

Premium Payment Mode

Complete Calculation Results

Monthly Premium: ₹0

Quarterly Premium: ₹0

Half-Yearly Premium: ₹0

Yearly Premium: ₹0

First Year Premium Details

                                First Year Premium:
                                ₹0
                                Includes taxes and charges
                            

GST (4.5%): ₹0

Total Installments

Maturity Details

                                Sum Assured:
                                ₹0
                            

Expected Bonus: ₹0

                                Total Maturity Amount:
                                ₹0
                            

Educational Benefits

Money Back at Age 18: ₹0

Money Back at Age 20: ₹0

Money Back at Age 22: ₹0

Total Amount Paid

Monthly Mode: ₹0

Quarterly Mode: ₹0

Half-Yearly Mode: ₹0

Yearly Mode: ₹0

Available Facilities

Educational Benefits

Money back at key educational milestones

Tax Benefits

Under Section 80C and 10(10D) of Income Tax Act

Premium Waiver

Future premiums waived on death of parent

Optional Riders

Additional coverage options available

Key Features of PLI Children Policy

Child's age: 5-20 years

Parent's age: 21-50 years

Sum assured: ₹20,000 and above

Money back: At ages 18, 20, and 22

Premium waiver: On death of parent/policyholder

Maturity benefit: Final payout with bonus

Policy Details

Features & Benefits

Educational milestone benefits
Premium waiver benefit
Money back at key ages
Death benefit with bonus
Tax benefits under Section 80C
Optional riders available

Eligibility

Child's Age: 5-20 years
Parent's Age: 21-50 years
Minimum Sum Assured: ₹20,000
Policy Term: 5-25 years
Premium Payment Modes: Monthly, Quarterly, Half-Yearly, Yearly

Documents Required

Child's Birth Certificate
Parent's Age Proof
Identity Proof
Address Proof
Recent Photographs
Medical Reports (if required)