Postal Life Insurance (PLI) Surrender Value Calculator

Surrender Value

Surrender Factor Used:

Paid up Value:

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Disclaimer: The calculations provided by this PLI surrender value calculator are based on the data you input and are intended for general guidance only. Actual surrender values may vary depending on changing conditions, policy terms, and other factors. We do not guarantee the accuracy of the results, and you should consult with your insurance provider for precise surrender values and terms before making any decisions.

What is the Surrender Value of Postal Life Insurance?

When you decide to surrender your postal life insurance policy, you’ll receive a certain amount based on the premiums you’ve paid so far. This amount is known as the surrender value and is given back to you by the insurance company. The surrender value depends on factors like the type of policy, how long you’ve held it, and other related details.

This option is available for Endowment Assurance, Whole Life Assurance, Convertible Whole Life Assurance, and Joint Life Assurance plans after you’ve held the policy for at least three years. However, it doesn’t apply to Anticipated Endowment Assurance and Children’s policies. If you surrender your policy after five years, you might also receive a bonus based on the reduced sum assured.

What is PLI Surrender Value Calculator?

Our Postal Life Insurance (PLI) Surrender Value Calculator is designed for users seeking to calculate the surrender value of their PLI policies, specifically for the PLI Endowment Assurance (Santosh) and PLI Whole Life Assurance (Suraksha) plans.

Our online PLI surrender value calculator is a free tool that quickly calculates the surrender value of your policy after 3, 5, or 10 years. All you need to do is enter some basic details about your policy, and the system will instantly show the value. To use it:

1) Visit our PLI Surrender Value Calculator Page (current page).

2) Enter basic information like Date of birth, policy surrender date, bonus amount, policy term, and the number of premiums you’ve paid.

3) After submitting the details, the system will automatically calculate and display the surrender value for you.

3) How Does the PLI Surrender Calculator Work?

The PLI surrender value calculator uses a simple formula to determine the surrender value:

PLI Surrender Value = (Paid-up value + Reduced Bonus) x Surrender Factor

Where:

Paid-up value = (Sum assured x Number of premiums paid) / Total policy term
Reduced bonus = Reduced bonus amount (this amount varies based on the policy)
The surrender factor is a pre-set value and can be found in the PLI Surrender Factor Table available online.

Check the official website of PLI (Postal Life Insurance): link