PLI Bal Jeevan Bima Calculator

Selected Policy

Parent Details

Parent's Age (Policy Holder)

Child Details

Child's Date Of Birth

Sum Assured (₹) *Should not exceed Parent's Sum Assured.

Maturity Age (Child's Age)

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Bal Jeevan Bima Calculation Successful
Child Policy Estimate

Payment Frequency	-
Installment Premium	-

Accrued Bonus (Rate: ₹52/1000)	-
Total Maturity Benefit	-
Note: On death of parent (Policy holder), NO further premium is required. Full SA + Bonus paid at maturity.

Frequency	Installment	Maturity Value	Net Profit
Monthly	-	-	-
Quarterly	-	-	-
Half-Yearly	-	-	-
Yearly	-	-	-

● Total Invested -

● Net Gain -

Total Maturity -

The scheme provides life insurance cover to children of policy holders. It acts as a safety net for the child's future.

Eligibility (Child): 5 to 20 years of age. Max 2 children per family.
Eligibility (Parent): Should not be over 45 years of age.
Limits: Max Sum Assured ₹3 Lac or Parent's Sum Assured (whichever is less).
Premium Waiver: In case of parent's unfortunate death, no further premiums are to be paid. Full Sum Assured + Bonus is paid at maturity.
Bonus: Same rate as Endowment Policy (Santosh) i.e., ₹52 per ₹1000 per year.

PLI Children Policy (Bal Jeevan Bima) Calculator