PLI Anticipated Endowment (Sumangal) Calculator
Calculate premium and survival benefits for PLI Sumangal — the Money Back Policy available for 15 or 20 Year terms.
Calculate Sumangal Premium
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What is PLI Anticipated Endowment (Sumangal)?
PLI Sumangal is a Money Back Policy best suited for those needing periodic returns during the policy term. Survival benefits are paid at regular intervals, while the death benefit remains the full Sum Assured plus accrued bonus — regardless of survival payouts already received.
- Policy Term: 15 Years or 20 Years.
- 15 Years Policy: 20% back at Year 6, 9, 12 — then 40% + Bonus at maturity. (Max Entry Age: 45)
- 20 Years Policy: 20% back at Year 8, 12, 16 — then 40% + Bonus at maturity. (Max Entry Age: 40)
- Bonus Rate: ₹48 per ₹1,000 Sum Assured per year.
Eligibility Criteria for PLI Sumangal
| Entry Age (Next BD) | Between 19 and 45 years (15 yr) / 40 years (20 yr) |
| Policy Term Options | 15 Years or 20 Years |
| Minimum Sum Assured | ₹20,000 |
| Maximum Sum Assured | ₹50 Lakh |
| Survival Benefit | 20% of Sum Assured at each milestone |
Money Back Schedule
Survival benefits are paid as a percentage of Sum Assured at the following policy years:
| Policy Term | 1st Payout | 2nd Payout | 3rd Payout | Maturity Payout |
|---|---|---|---|---|
| 15 Years | Year 6 (20%) | Year 9 (20%) | Year 12 (20%) | Year 15 (40% + Bonus) |
| 20 Years | Year 8 (20%) | Year 12 (20%) | Year 16 (20%) | Year 20 (40% + Bonus) |
Key Features of PLI Sumangal
- Periodic Returns: Receive 20% of Sum Assured at regular intervals — great for planned expenses.
- Death Benefit: Full Sum Assured + accrued bonus paid to nominee — survival benefits are NOT deducted.
- Loan Facility: Available after 3 years of continuous premium payment.
- Surrender Value: Paid-up value available after 3 years.
- Tax Benefit: Premium eligible for deduction under Section 80C of Income Tax Act.
Documents Required for PLI Sumangal
- Proposal Form: 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 Employment Certificate.
- Income Proof: Latest Salary Slip or Income Tax Return (ITR).