How is PLI maturity amount calculated online?
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How is PLI maturity amount calculated online?
For the Endowment Assurance Plan under PLI, one can follow the below-mentioned steps for premium or maturity calculation:
- Enter the sum assured amount.
- Enter the year of purchase of the policy.
- Enter your current age.
- Enter your maturity age.
- Click on the ‘Calculate’ button and the results will be displayed.
How is PLI bonus calculated?
The bonus is declared on every Rs 1000 of the sum assured and is payable on death during the term or on the maturity of the policy. Being Simple Reversionary, there is no effect of compounding in the policy.
What is the maturity amount of RPLI?
Under this scheme the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the pre- determined age of maturity i.e 35,40,45,50,55,58 & 60 years of age. Insurant is given life cover to the extent of Sum Assured for 10 years.
How can I check my PLI balance online?
Click on ‘login’ on the right-hand side of the screen. Enter your customer ID and password. Enter the captcha and click on ‘login’. Once logged in, you can check the status of your Postal Life Insurance policy.
Answer- Yes, Now you can pay your pli policy premium online.
Is PLI maturity amount tax free?
For those who have availed a policy on or after 1st April 2012 will be eligible to avail a tax deduction of 10\% of the sum assured. Thus the policies offered by PLI not only guarantee an assured sum upon maturity or death but also helps the policyholder in claiming tax deductions and improve savings.
What is proposal number?
A. Proposal Number – When you create a proposal, it is auto-assigned a number. This number is generated from this field. So, if you use 2000 for this field, your following proposals would be 2001, 2002, 2003, etc… B.