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State Insurance (SI) Loan Interest Calculator

Estimate the premium and interest paying term on your Rajasthan State Insurance policy loan.

Enter Your Details

Defaults to the current rate (7.50% since 17-Apr-2020) – see the rate history below.

Good to Know

  • You can avail up to 90% of total premiums paid plus accumulated bonus under your SI policy.
  • The maximum repayment term for an SI loan is 60 months.
  • Premiums paid are eligible for deduction under Section 80C of the Income Tax Act, 1961.

SI Loan Interest Rate History

PeriodRate of Interest
Up to 18-Sep-19856.0%
From 19-Sep-198510.0%
From 01-Apr-199812.0%
From 01-Apr-20029.5%
From 10-May-20048.5%
From 17-Apr-20207.50%

How to Use

  1. Enter details as required:
    • Your name (optional)
    • Month of first deduction
    • Drawn loan amount
    • Proposed monthly premium
    • Rate of interest (use the history table for reference)
  2. Click Calculate to view your premium and interest paying terms.

FAQs

You can avail up to 90% of the total premiums paid, along with the earned bonus accumulated under your state insurance policy. For exact calculations, please refer to your policy details or contact the SIPF department.

Yes, you can repay your SI loan amount earlier. However, the maximum repayment term for the SI loan is 60 months.

The current interest rate for State Insurance (SI) loans has been fixed at 7.50% effective from 17th April 2020 onwards.
Based on Rajasthan State Insurance rules. This is an estimate – actual amounts may vary. Please verify with your SIPF department.