PLI Sumangal — Anticipated Endowment / Money-Back Guide (FY 2025-26)
Sumangal Payout Schedule (FY 2025-26)
| Sum Assured | Year 6 | Year 9 | Year 12 | Year 15 (final) | Total |
|---|---|---|---|---|---|
| ₹3.0L | ₹60,000 | ₹60,000 | ₹60,000 | ₹2.1L | ₹3.9L |
| ₹5.0L | ₹1.0L | ₹1.0L | ₹1.0L | ₹3.4L | ₹6.4L |
| ₹10.0L | ₹2.0L | ₹2.0L | ₹2.0L | ₹6.9L | ₹12.9L |
| ₹20.0L | ₹4.0L | ₹4.0L | ₹4.0L | ₹13.8L | ₹25.8L |
Frequently Asked Questions
What is PLI Sumangal plan?
PLI Sumangal is an Anticipated Endowment Assurance (AEA) or money-back plan. Payouts: 20% SA at Year 6, 20% at Year 9, 20% at Year 12, then 40% SA + all accrued bonuses at Year 15. Bonus ₹48/₹1,000 SA/year. Entry age 19–40. Useful for planned periodic cash needs.
How is Sumangal bonus calculated?
Sumangal bonus is calculated on the full original Sum Assured throughout the policy. For ₹10L SA: annual bonus = ₹48 × 1,000 = ₹48,000/year. Over 15 years = ₹7.2L total bonus. Final payout = ₹4L (40% SA) + ₹7.2L bonus = ₹11.2L, plus three earlier ₹2L payouts = ~₹17.2L total (approximately).
What is the difference between PLI Sumangal and Santosh?
Santosh gives higher total returns (₹58 bonus vs Sumangal’s ₹48) as a lump sum at maturity. Sumangal gives periodic cash (20% SA every 3 years) — useful for planned expenses like school fees. For maximum total corpus, Santosh wins. For periodic cash flow with cover, Sumangal is designed for exactly that.
What is the entry age for PLI Sumangal?
Entry age for PLI Sumangal is 19–40 years (more restrictive than other PLI plans). This is because the policy runs for 15 years and must mature before age 60. A 40-year-old takes Sumangal maturing at 55. A 30-year-old takes Sumangal maturing at 45.
Are PLI Sumangal periodic payouts taxable?
No — all PLI Sumangal payouts (survival benefits at years 6, 9, 12 and final maturity at year 15) are fully tax-free under Section 10(10D). Premiums also qualify for 80C deduction up to ₹1.5 lakh/year.
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