How to Calculate Paidup Value and Surrender Value in PLI / RPLI – Postal Life Insurance
Surrender value is calculated on reduced sum assured/paid up value. Paid up value = No of premium paid/total number of premium payable x sum assured. Just For Example :- Sum Assured – Rs.500000/- , Premium – Rs.1545/- Age at Entry – 35 Years , Maturity Age at – 60 Years , Premium Paid From…