This calculator compares LIC Plan 714 (New Endowment Plan) with RPLI Gram Santosh to help you make an informed decision based on real numbers, not marketing promises.
LIC vs. RPLI Endowment Calculator
Endowment Policy Premium & Maturity Comparison (Gram Santosh vs. Plan 714)
1. Premium Comparison (GST Exempt)
| Mode | LIC (Plan 714) | RPLI (Gram Santosh) |
|---|---|---|
| Monthly | - | - |
| Quarterly | - | - |
| Half-Yearly | - | - |
| Yearly | - | - |
2. Returns & Profit Analysis
| Parameter | LIC (New Endowment) | RPLI (Gram Santosh) |
|---|---|---|
| Sum Assured | 0 | 0 |
| Policy Term | 0 Years | 0 Years |
| Total Premium Paid (15Y Approx) | 0 | 0 |
| Bonus Rate (per 1000) | ₹38 (Est) + FAB | ₹48 (Current) |
| Maturity Amount | 0 | 0 |
| NET PROFIT | 0 | 0 |
🏆 The Final Verdict
Please calculate to see the result.
How to Use the LIC vs RPLI Calculator
Using our calculator is simple and takes less than 2 minutes:
- Select Your Current Age (19-55 years)
- Choose Your Maturity Age (Based on available RPLI terms)
- Enter Your Desired Sum Assured (Minimum ₹50,000)
- Click “Compare Policies” to see instant results
The calculator shows:
- Premium comparison across all payment modes (Monthly, Quarterly, Half-Yearly, Yearly)
- Total premium paid over the policy term
- Expected maturity amount for both policies
- Net profit difference between LIC and RPLI
How RPLI Premium is Calculated
RPLI uses a transparent formula:
Monthly Premium = (Table Rate × Sum Assured ÷ 1,000) – Rebate
Rebate: ₹1 per ₹20,000 sum assured
Mode Discounts:
- Yearly: 2% discount
- Half-Yearly: 1% discount
- Quarterly & Monthly: No discount
Example Calculation:
- Age: 25, Maturity: 45 (20 years), Sum Assured: ₹5,00,000
- Table Rate: 5.45
- Base Monthly: (5.45 × 500) – 25 = ₹2,700
- Yearly Premium: 2,700 × 12 × 0.98 = ₹31,752
LIC vs PLI Maturity Calculator: Understanding Returns
What Affects Your Maturity Amount?
For RPLI Gram Santosh:
- Sum Assured (guaranteed)
- Accumulated bonuses (₹48 per ₹1,000 per year)
- Policy term length
- No Final Additional Bonus (simpler calculation)
For LIC Plan 714:
- Sum Assured (guaranteed)
- Accumulated bonuses (₹38 per ₹1,000 per year, estimated)
- Final Additional Bonus (for terms 15+ years)
- Bonus rates may vary year to year
Real Example: 25-Year-Old, ₹10 Lakh Cover, 20 Years
RPLI Maturity:
- Sum Assured: ₹10,00,000
- Bonuses: ₹48 × 1,000 × 20 = ₹9,60,000
- Total: ₹19,60,000
LIC Maturity:
- Sum Assured: ₹10,00,000
- Bonuses: ₹38 × 1,000 × 20 = ₹7,60,000
- Final Bonus: ~₹20,000
- Total: ₹17,80,000
Difference: RPLI pays ₹1,80,000 more