PLI Endowment Assurance (Santosh) Calculator

What is PLI Endowment Assurance (Santosh)?

PLI Santosh is an Endowment Assurance policy where the Sum Assured and accrued Bonus is paid to the insurant on attaining a pre-determined age (Maturity Age) or to the nominee/legal heir in case of unfortunate death of the insurant.

• Maturity: You receive the money at age 35, 40, 45, 50, 55, 58, or 60 as per your choice.
• Bonus: Bonus is added every year and paid at maturity. Current rate is ₹52 per ₹1,000 Sum Assured per year.
• Loan: Loan facility is available after 3 years.

Eligibility Criteria for PLI Santosh

To purchase this policy, you must meet the following age and sum assured requirements set by the department.

PLI Santosh Bonus Rates

The bonus is the extra profit added to your policy every year by the government. At maturity, you receive the Sum Assured plus all accumulated bonuses.

Key Features of PLI Santosh

This policy offers a flexible way to save for a specific future goal with guaranteed returns.

• Fixed Maturity: You choose the exact age at which you want your money back (35 to 60).
• Loan Facility: Take a loan against your policy after completing 3 years.
• Surrender Value: Paid-up value available after 3 years of premium payment.
• Death Benefit: Full Sum Assured + accrued bonus is paid to nominee on death during the policy term.
• Tax Benefit: Premium paid is eligible for tax deduction under Section 80C.

Documents Required for PLI Santosh

To apply for this scheme, you need to submit the following official documents.

• 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).

PLI Santosh Premium Table (Estimated)

Below is an estimated yearly premium for a ₹5 Lakh policy maturing at age 55 for general reference.