PLI Surrender Value Calculator Online is a convenient tool that allows policyholders to easily determine the surrender value of their Postal Life Insurance policies. By simply providing some basic information such as policy number, term of the policy, and premium amount, users can get an accurate calculation of their surrender value. Let’s understand how it determines, the postal life insurance table for calculation, etc.
The surrender value of your Postal Life Insurance policy is the amount you'd get if you choose to cancel the policy and receive a cash payout instead. It depends on a few factors like policy term, paid premiums, etc.
Policy Term and Premiums Paid: There's a minimum policy term and premium payment requirement to receive a surrender value. For PLI policies less than 10 years, you need to have paid premiums for at least 2 years, and for policies 10 years or more, at least 3 years of premiums.
Age: Your age at the time of surrender is an important factor to consider.
Surrender Factor: This is a pre-determined value based on the policy term and when you surrender it.
Unfortunately, there isn't an official PLI calculator for surrender value directly available on the Postal Life Insurance (PLI) website. However, you can contact India Post to get an accurate surrender value for your specific policy. They have access to the latest surrender factor tables which determine the exact amount.
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The surrender value of your Postal Life Insurance (PLI) policy is determined by many factors like base amount, policy term, etc.
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Here is the official table for the calculation of surrender value for the Postal Life Insurance Policy which can help you to get an estimate for your surrender value calculation.
|
Age |
EA/30 |
EA/33 |
EA/35 |
EA/40 |
EA/45 |
EA/50 |
EA/55 |
EA/58 |
EA/60 |
WL |
|---|---|---|---|---|---|---|---|---|---|---|
|
20 |
0.616 |
0.533 |
0.485 |
0.383 |
0.303 |
0.242 |
0.196 |
0.174 |
0.162 |
0.101 |
|
21 |
0.646 |
0.599 |
0.508 |
0.401 |
0.318 |
0.254 |
0.205 |
0.182 |
0.169 |
0.105 |
|
22 |
0.678 |
0.587 |
0.533 |
0.42 |
0.333 |
0.266 |
0.214 |
0.19 |
0.176 |
0.109 |
|
23 |
0.712 |
0.616 |
0.559 |
0.441 |
0.349 |
0.278 |
0.224 |
0.199 |
0.184 |
0.113 |
|
24 |
0.747 |
0.646 |
0.587 |
0.462 |
0.366 |
0.291 |
0.234 |
0.208 |
0.192 |
0.118 |
|
25 |
0.784 |
0.678 |
0.616 |
0.485 |
0.383 |
0.305 |
0.245 |
0.217 |
0.201 |
0.123 |
|
26 |
0.823 |
0.712 |
0.646 |
0.508 |
0.402 |
0.319 |
0.257 |
0.227 |
0.21 |
0.128 |
|
27 |
0.864 |
0.747 |
0.678 |
0.533 |
0.421 |
0.335 |
0.269 |
0.238 |
0.22 |
0.133 |
|
28 |
0.907 |
0.784 |
0.712 |
0.56 |
0.441 |
0.351 |
0.281 |
0.249 |
0.23 |
0.139 |
|
29 |
0.952 |
0.823 |
0.747 |
0.587 |
0.463 |
0.367 |
0.295 |
0.26 |
0.241 |
0.145 |
|
30 |
0.864 |
0.784 |
0.616 |
0.485 |
0.385 |
0.309 |
0.272 |
0.252 |
0.151 |
|
|
31 |
0.907 |
0.823 |
0.646 |
0.509 |
0.404 |
0.323 |
0.285 |
0.264 |
0.158 |
|
|
32 |
0.952 |
0.864 |
0.678 |
0.534 |
0.423 |
0.339 |
0.299 |
0.276 |
0.165 |
|
|
33 |
0.907 |
0.712 |
0.56 |
0.443 |
0.355 |
0.313 |
0.289 |
0.172 |
||
|
34 |
0.952 |
0.747 |
0.588 |
0.465 |
0.372 |
0.327 |
0.302 |
0.18 |
||
|
35 |
0.784 |
0.617 |
0.488 |
0.389 |
0.343 |
0.316 |
0.188 |
|||
|
36 |
0.823 |
0.647 |
0.511 |
0.408 |
0.359 |
0.331 |
0.196 |
|||
|
37 |
0.864 |
0.679 |
0.536 |
0.428 |
0.376 |
0.347 |
0.204 |
|||
|
38 |
0.907 |
0.712 |
0.562 |
0.448 |
0.394 |
0.363 |
0.213 |
|||
|
39 |
0.952 |
0.748 |
0.59 |
0.47 |
0.413 |
0.38 |
0.223 |
|||
|
40 |
0.784 |
0.618 |
0.492 |
0.432 |
0.398 |
0.232 |
||||
|
41 |
0.823 |
0.649 |
0.516 |
0.453 |
0.417 |
0.242 |
||||
|
42 |
0.864 |
0.68 |
0.541 |
0.474 |
0.437 |
0.253 |
||||
|
43 |
0.907 |
0.714 |
0.566 |
0.497 |
0.457 |
0.264 |
||||
|
44 |
0.952 |
0.749 |
0.594 |
0.52 |
0.478 |
0.275 |
||||
|
45 |
0.785 |
0.622 |
0.545 |
0.501 |
0.286 |
|||||
|
46 |
0.824 |
0.652 |
0.57 |
0.524 |
0.298 |
|||||
|
47 |
0.864 |
0.683 |
0.597 |
0.548 |
0.31 |
|||||
|
48 |
0.907 |
0.716 |
0.625 |
0.574 |
0.322 |
|||||
|
49 |
0.952 |
0.75 |
0.655 |
0.6 |
0.334 |
|||||
|
50 |
0.787 |
0.686 |
0.628 |
0.347 |
||||||
|
51 |
0.825 |
0.713 |
0.657 |
0.36 |
||||||
|
52 |
0.865 |
0.752 |
0.688 |
0.374 |
||||||
|
53 |
0.907 |
0.788 |
0.72 |
0.387 |
||||||
|
54 |
0.952 |
0.82 |
0.753 |
0.401 |
||||||
|
55 |
0.805 |
0.789 |
0.415 |
|||||||
|
56 |
0.908 |
0.826 |
0.429 |
|||||||
|
57 |
0.952 |
0.866 |
0.443 |
|||||||
|
58 |
0.908 |
0.458 |
||||||||
|
59 |
0.952 |
0.473 |
Disclaimer: We have taken the surrender value table from the official website of India Post which can be changed in the future.
There are many advantages to using an online PLI surrender value calculator like it provides convenience, quick results & to make an informed decision.
Read More:
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In conclusion, the PLI surrender value calculator online provides a convenient and efficient way for policyholders to determine the cash value of their insurance policy to decide if they want to surrender their policy or not. The surrender value table from Indian Post for the calculation of surrender value is a helpful tool that allows policyholders to fill in relevant information and quickly get an accurate estimate of the cash value of their policy. For expert guidance, you can contact “Our Experts”.
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