PLI & RPLI Default Premium Payment Calculator
Total Premiums: ₹0
GST on Premiums: ₹0
Default Fee (12% annual): ₹0
GST on Default Fee: ₹0
Final Total: ₹0
HOW TO USE
Calculating the Default Fee for a PLI Policy Is Now at Your Fingertips!
Simply enter some basic information about your policy, and get all the details about your lapsed PLI policy instantly. Recently, the Government of India has introduced an 18% GST on the default amount. This calculator not only calculates the GST but also provides the final amount for your policy.
Steps to Use the Calculator:
- Select the Premium Payment Mode.
- Enter the Premium Amount (excluding GST): This amount is mentioned on your policy bond or in the PLI passbook.
- Enter the Number of Premiums You Have to Pay.
- Click on the Calculate Button.
Calculation Results:
After calculation, you will get the following details:
- Total Premium (excluding GST)
- Total GST
- Default Fee
- 18% GST on the Default Fee
- Final Total Amount
Use the Reset Button to perform a new calculation.