PLI Whole Life Assurance (Suraksha) Premium Calculator

What is PLI Whole Life Assurance (Suraksha) Scheme?

This is a scheme where the assured amount with accrued bonus is payable to the insured either on attaining the age of 80 years, or to his/her legal representatives or assignees on death of the insured, whichever occurs earlier, provided the policy is in force on the date of claim.

• Maturity Benefit: The full Sum Assured plus the accumulated bonus is paid to you when you reach the age of 80.
• Death Benefit: If the insured person dies before turning 80, the full amount is immediately paid to their legal nominees or heirs.

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Eligibility Criteria of PLI Whole Life Assurance Scheme

To purchase this policy, you must meet specific age requirements set by the government. You also have the flexibility to choose an insurance coverage amount that fits within the minimum and maximum limits.

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PLI Suraksha Scheme Bonus Rates

The bonus is the extra profit the government adds to your policy every year, which significantly increases your final payout. This specific scheme is known for offering one of the highest bonus rates among all insurance plans.

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Key Features of PLI Whole Life Assurance (PLI Suraksha)

This policy provides several flexible options to help you manage your finances during the policy term. It allows you to take loans during emergencies, stop the policy if needed, or adjust how long you pay premiums.

• Loan Facility: You can take a loan against your policy after completing 4 years.
• Surrender: You can surrender (stop) the policy after 3 years.
• Premium Payment Age: You can choose to pay premiums until the age of 55, 58, or 60 years.
• Conversion: You can convert this into an Endowment Assurance Policy (shorter term) up to age 59.

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Document Required for PLI Suraksha Scheme

To apply for this scheme, you need to submit official paperwork to verify your personal details and employment status. Since PLI is for specific groups (like government employees and professionals), proof of employment is mandatory.

• Proposal Form: The official application form, filled and signed.
• Age Proof: Birth Certificate, 10th Marksheet, or Passport.
• Identity & Address Proof: Aadhaar Card, Voter ID, or Driving License.
• Employment Proof: Office ID card or an Employment Certificate.
• Income Proof: Your latest Salary Slip or Income Tax Return (ITR).

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PLI Suraksha Premium Table (Estimated)

The premium amount depends on your age and the age at which you want to stop paying premiums (55, 58, or 60 years). Below is an estimated monthly premium for a ₹5 Lakh Policy to give you a general idea.

Age of Entry	Premium (Approx)
20 Years	₹650 - ₹700
30 Years	₹900 - ₹1,000
40 Years	₹1,400 - ₹1,550
50 Years	₹2,500 - ₹2,700

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