PLI Convertible Whole Life (Suvidha) Calculator

PLI Convertible Whole Life (Suvidha) Premium Calculator

Select Policy

Choose your preferred PLI policy type

Age (Years)

Age should be between 19 and 50 years

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

Policy Term (Years) Policy term should be between 5 and 40 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
                            

Conversion Benefits

Conversion Age: 58 years Policy converts to Endowment at age 58

Post-Conversion Sum Assured: ₹0 Sum assured after conversion

Total Amount Paid

Monthly Mode: ₹0

Quarterly Mode: ₹0

Half-Yearly Mode: ₹0

Yearly Mode: ₹0

Available Facilities

Conversion Option

Convert to Endowment at age 58

Tax Benefits

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

Loan Facility

Available after 3 years up to 90% of surrender value

Optional Riders

Additional coverage options available

Detailed Information: Convertible Whole Life (Suvidha)

The Postal Life Convertible Whole Life (Suvidha) plan offers a wonderful combination of whole life protection and the chance to convert to an Endowment policy later. When you turn 58, it seamlessly changes to Endowment Assurance, so you can enjoy the perks of both coverage options.

Age Eligibility: 19-50 years

Sum Assured Range: ₹20,000 - ₹50,00,000

Policy Term: 5-40 years

Current Bonus Rate: ₹72 per ₹1,000 sum assured per year

Additional Benefits

Automatic Conversion: Policy automatically converts to Endowment Assurance at age 58
Post-Conversion Benefits: After conversion, you receive guaranteed additions in addition to bonuses
Loan Availability: Available after completing 3 years up to 90% of surrender value
Surrender Option: Policy may be surrendered after 3 years with accumulated bonuses (conditions apply)
Premium Payment Modes: Monthly, Quarterly, Half-yearly, or Yearly as per your convenience
Tax Benefits: The premiums you pay can help you get a tax deduction under Section 80C, and any maturity benefits you receive won’t be taxed under Section 10(10D) of the Income Tax Act.

Key Features of PLI Convertible Whole Life

Age range: 19-50 years

Policy term: 5-40 years

Sum assured range: ₹20,000 - ₹50,00,000

Automatic conversion: Converts to Endowment at age 58

Current bonus rate: ₹72 per ₹1,000 sum assured

Post-conversion: Additional guaranteed benefits

Policy Details

Features & Benefits

Automatic conversion to Endowment
Bonus additions throughout term
Guaranteed additions post conversion
Loan facility available
Tax benefits under Section 80C
Optional riders available

Eligibility

Age: 19-50 years
Minimum Sum Assured: ₹20,000
Policy Term: 5-40 years
Premium Payment Modes: Monthly, Quarterly, Half-Yearly, Yearly

Documents Required

Age Proof
Identity Proof
Address Proof
Income Proof
Recent Photographs
Medical Reports (if required)