Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Term Insurance Premium Calculator

Term Insurance Premium Calculator is an easy and effective way to calculate premiums. This online tool also helps you compare similar term insurance plans offered by different insurance companies. With the help of a term insurance premium calculator you can compare several term insurance policies that fit in your budget.

dot
Get Term Plan Coverage of 1 Crore Starting From Just ₹16/Day*
Get Term Plan Coverage of 1 Crore Starting From Just ₹16/Day*
  • Tax Benefit
    Tax Benefit
    Up to 1,50,000**
  • Claim Support
    Claim Support
    Everyday 10AM-7PM
  • 45 Lacs+
    45 Lacs+
    Happy Customers

*Standard Terms and Conditions Apply.

**Tax benefits are subject to changes in Income Tax Act.

Find the right insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.

Term Insurance Calculator

Term insurance premium calculator is an online tool using which a potential term insurance buyer can get an estimate of the premium that he/she will be required to pay for that particular plan. It helps the potential buyer to not only calculate the term insurance premium but also to compare and analyze various term insurance plans offered by popular term insurance companies online.

An applicant can compare different term insurance plans on the basis of certain characteristics that include age, gender, medical records, profession, etc. They can see how the premium for a term insurance plan changes on changing the variables. Term insurance premium calculator keeps you informed thereby helping you make better buying decisions.

Human Life Value/Coverage Calculator

My Age

My Annual Income

My Monthly Spend

Term Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

How to Calculate Term Insurance Premium Online?

There are many insurance companies competing with each other and each one of them has a different procedure of calculating the term insurance premium. Using InsuranceDekho’s term insurance premium calculator, you can calculate the term insurance premium in a few seconds.

At InsuranceDekho, you need to follow these simple steps to calculate the premium for the term insurance plan instantly:

Step 1: To use this online tool you need to visit InsuranceDekho and click on the ‘Life Insurance’ option.

Step 2: Click on the ‘Term Insurance’ option in the life insurance section of the website.

Step 3: Fill in your personal details as required in the displayed form which includes Gender, Age, Cover-up, and Life cover.

Step 4: Select ‘Yes’ if you consume tobacco/alcohol.

The online premium calculator will display term insurance policies that are suitable according to your requirements, information and sum assured. The premium can be changed when you change the information filled by you.

Benefits of Term Insurance Premium Calculator

Following are the benefits of using the term insurance premium calculator:

1. Better Decision Making: You can simply compare, examine, choose, and go through all the benefits, terms and conditions of several insurance policies with the help of the InsuranceDekho term insurance premium calculator. You can compare term insurance policies according to your requirements and budget. Term insurance premium calculators offer the flexibility to make decisions without the influence of an agent that generally affects your choice. This helps you make the best purchasing decision.

2. Helps You Choose Additional Coverage: Additional coverage refers to riders that enhance the life insurance cover provided by a term insurance plan. You can choose to add the additional riders available under the selected term insurance policy to increase the coverage while calculating the premium.With the help of a premium calculator, you can opt for the highest possible life cover amount that suits your budget and you can also opt for Additional Benefits at the best possible rate of premium offered by the insurance companies.

3. Time-Saving and Hassle-Free: When you compare the term insurance plans displayed by using a premium calculator, you don’t need to submit any documents. You get a quote within a short time and then you can make a decision whether to buy or not.

Factors Which Determine the Term Insurance Premium

Here are some of the factors which help in determining the premium for term insurance:

1. Age: As the age increases the premiums of the term insurance plan are bound to increase as elderly people are more prone to illness and require health care services. Young people, on the other hand, are active and less prone to illness. To avoid high rates of premium, it is advised to purchase term insurance as early as possible.

2. Gender: Generally many insurance companies offer different premiums for men and women. A scientific fact states that women visit doctors more often than males which leads the insurance company to offer a high premium amount for women because they require extra coverage.

3. Body Mass Index (BMI): Body mass index is considered to be an indicator of body fatness. High BMI can cause many health problems. People with high BMI are prone to heart disease, diabetes, obesity, etc. If a person has a high BMI they are offered a rather high amount of premium.

4. Pre-Existing Diseases: People who already have a pre-existing medical condition require extra coverage. The premium for term insurance plans increases for people who have a pre-existing illness.

5. Personal Habits: Personal habits like consuming tobacco or alcohol also affect the calculation of premiums. People who have habits such as smoking or drinking alcohol are considered to be at high risk because these habits are highly harmful and cause many health problems.

6. Insurance Requirements: According to your lifestyle you must understand your insurance requirements. Additional coverage, such as accidental death, accidental total and permanent disability cover or critical illness cover, which may add a little premium to the term insurance plan. You may require a high sum assured which helps your family members to fulfill their expenses in your absence, which can also result in an increase in the premium of your term insurance policy.

7. Lifestyle: The premium calculation is mostly influenced by your current lifestyle, as your current expenses, annual income, liabilities, debts, and the financial expenses of your dependents, play an important role. Your hobbies also affect the premium calculation, if you are fond of participating in adventurous activities such as skydiving, mountain climbing, car racing, sea diving etc. then the premium charged by the insurance company will increase.

8. Profession: The premium calculation can affect the nature of your work or profession. The amount of risk that you are exposed to while working affects the premium calculation. If you are a school teacher, the premium charged will be affordable and if you work at a construction site/transport/gas etc. then the premium charged will be higher because of the high amount of risk that you are exposed to at your work.

9. Policy Tenure: Obviously, policy tenure of your term insurance policy will affect the premium calculation. When calculating premiums, the term insurance policy itself plays an important role. The longer the policy tenure, the higher sum assured and increased premium for the policy. Long-term insurance policies are more expensive than short-term insurance policies.

10. Premium Payment Mode: Premium payment mode is the premium payment frequency of the policy, you can choose to pay premiums annually, semi-annually, quarterly or monthly. Often insurance companies charge high premiums for monthly or quarterly premium payments, i.e. collection, administrative, processing etc. for such premium payments are much higher as compared to annually and semi-annual premium payments because insurance companies will have the premium for entire/half of the year which makes collection, administrative, processing costs etc will be lower for such premium payments.

11. Height and Weight: As mentioned earlier Body Mass Index (BMI) is essential for premium calculation. Height and weight plays a crucial role in Body Mass Index. The height of the life assured should match the weight and vice versa. A person who is overweight for their height may be at a higher risk of illnesses such as high blood pressure, diabetes, and heart problems, which will result in an increase in the premium of the term insurance policy.

12. Current Health Status: Before you purchase a term insurance policy, the insurance company may ask you to undergo a medical exam to determine your current health status.In case of the medical conditions being diagnosed while undergoing medical examinations the insurance company may charge high premiums for the term insurance policy.

Are Online Term Insurance Premium Calculators Reliable?

There are many insurance companies competing with each other and each one of them has a different procedure of calculating the term insurance premium. Using InsuranceDekho’s term insurance premium calculator, you can calculate the term insurance premium in a few seconds.

At InsuranceDekho, you need to follow these simple steps to calculate the premium for the term insurance plan instantly:

Step 1: To use this online tool you need to visit InsuranceDekho and click on the ‘Life Insurance’ option.

Step 2: Click on the ‘Term Insurance’ option in the life insurance section of the website.

Step 3: Fill in your personal details as required in the displayed form which includes Gender, Age, Cover-up, and Life cover.

Step 4: Select ‘Yes’ if you consume tobacco/alcohol.

The online premium calculator will display term insurance policies that are suitable according to your requirements, information and sum assured. The premium can be changed when you change the information filled by you.

Benefits of Term Insurance Premium Calculator

Following are the benefits of using the term insurance premium calculator:

1. Better Decision Making: You can simply compare, examine, choose, and go through all the benefits, terms and conditions of several insurance policies with the help of the InsuranceDekho term insurance premium calculator. You can compare term insurance policies according to your requirements and budget. Term insurance premium calculators offer the flexibility to make decisions without the influence of an agent that generally affects your choice. This helps you make the best purchasing decision.

2. Helps You Choose Additional Coverage: Additional coverage refers to riders that enhance the life insurance cover provided by a term insurance plan. You can choose to add the additional riders available under the selected term insurance policy to increase the coverage while calculating the premium.With the help of a premium calculator, you can opt for the highest possible life cover amount that suits your budget and you can also opt for Additional Benefits at the best possible rate of premium offered by the insurance companies.

3. Time-Saving and Hassle-Free: When you compare the term insurance plans displayed by using a premium calculator, you don’t need to submit any documents. You get a quote within a short time and then you can make a decision whether to buy or not.

Factors Which Determine the Term Insurance Premium

Here are some of the factors which help in determining the premium for term insurance:

1. Age: As the age increases the premiums of the term insurance plan are bound to increase as elderly people are more prone to illness and require health care services. Young people, on the other hand, are active and less prone to illness. To avoid high rates of premium, it is advised to purchase term insurance as early as possible.

2. Gender: Generally many insurance companies offer different premiums for men and women. A scientific fact states that women visit doctors more often than males which leads the insurance company to offer a high premium amount for women because they require extra coverage.

3. Body Mass Index (BMI): Body mass index is considered to be an indicator of body fatness. High BMI can cause many health problems. People with high BMI are prone to heart disease, diabetes, obesity, etc. If a person has a high BMI they are offered a rather high amount of premium.

4. Pre-Existing Diseases: People who already have a pre-existing medical condition require extra coverage. The premium for term insurance plans increases for people who have a pre-existing illness.

5. Personal Habits: Personal habits like consuming tobacco or alcohol also affect the calculation of premiums. People who have habits such as smoking or drinking alcohol are considered to be at high risk because these habits are highly harmful and cause many health problems.

6. Insurance Requirements: According to your lifestyle you must understand your insurance requirements. Additional coverage, such as accidental death, accidental total and permanent disability cover or critical illness cover, which may add a little premium to the term insurance plan. You may require a high sum assured which helps your family members to fulfill their expenses in your absence, which can also result in an increase in the premium of your term insurance policy.

7. Lifestyle: The premium calculation is mostly influenced by your current lifestyle, as your current expenses, annual income, liabilities, debts, and the financial expenses of your dependents, play an important role. Your hobbies also affect the premium calculation, if you are fond of participating in adventurous activities such as skydiving, mountain climbing, car racing, sea diving etc. then the premium charged by the insurance company will increase.

8. Profession: The premium calculation can affect the nature of your work or profession. The amount of risk that you are exposed to while working affects the premium calculation. If you are a school teacher, the premium charged will be affordable and if you work at a construction site/transport/gas etc. then the premium charged will be higher because of the high amount of risk that you are exposed to at your work.

9. Policy Tenure: Obviously, policy tenure of your term insurance policy will affect the premium calculation. When calculating premiums, the term insurance policy itself plays an important role. The longer the policy tenure, the higher sum assured and increased premium for the policy. Long-term insurance policies are more expensive than short-term insurance policies.

10. Premium Payment Mode: Premium payment mode is the premium payment frequency of the policy, you can choose to pay premiums annually, semi-annually, quarterly or monthly. Often insurance companies charge high premiums for monthly or quarterly premium payments, i.e. collection, administrative, processing etc. for such premium payments are much higher as compared to annually and semi-annual premium payments because insurance companies will have the premium for entire/half of the year which makes collection, administrative, processing costs etc will be lower for such premium payments.

11. Height and Weight: As mentioned earlier Body Mass Index (BMI) is essential for premium calculation. Height and weight plays a crucial role in Body Mass Index. The height of the life assured should match the weight and vice versa. A person who is overweight for their height may be at a higher risk of illnesses such as high blood pressure, diabetes, and heart problems, which will result in an increase in the premium of the term insurance policy.

12. Current Health Status: Before you purchase a term insurance policy, the insurance company may ask you to undergo a medical exam to determine your current health status.In case of the medical conditions being diagnosed while undergoing medical examinations the insurance company may charge high premiums for the term insurance policy.

Are Online Term Insurance Premium Calculators Reliable?

Online premium calculators are precise, time-saving, and hassle-free tools which can help you estimate the amount of premium that you would pay for your term insurance policy before you purchase it. These premium calculators are extremely convenient as they make comparison easy.We can say that the premium calculated using this online tool is precise but the premium calculated is without applying GST. It is safe to say that online term insurance premium calculators are reliable. This convenient tool displays term insurance policies that fit in your budget and accurately estimate the amount of premium based on the information you provide. Now you don’t have to spend your time looking for a term insurance policy that fits in your budget. Online premium calculator tool is definitely very user-friendly.

Online premium calculators are precise, time-saving, and hassle-free tools which can help you estimate the amount of premium that you would pay for your term insurance policy before you purchase it. These premium calculators are extremely convenient as they make comparison easy.We can say that the premium calculated using this online tool is precise but the premium calculated is without applying GST. It is safe to say that online term insurance premium calculators are reliable. This convenient tool displays term insurance policies that fit in your budget and accurately estimate the amount of premium based on the information you provide. Now you don’t have to spend your time looking for a term insurance policy that fits in your budget. Online premium calculator tool is definitely very user-friendly.

Term Insurance Premium Calculator

Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

Types of Term Insurance Plans

Popularly Opted Term Insurance Sum Assured

FAQ About Term Insurance Premium Calculator

  • What is a term insurance premium calculator?

    A term insurance premium calculator is a digital instrument that enables you to check, compute and compare the term insurance policy premium quotes. It helps you to choose an ideal term insurance plan based on your budget and needs. 

  • What type of details will I have to enter on the premium calculator?

    To calculate the premium on the term insurance premium calculator, you will have to enter details such as gender, age, coverage, tobacco or alcohol consumption, pre-existing diseases, and so on.

  • What are the benefits of using the term insurance premium calculator?

    The term insurance premium calculator offers you several benefits which are as follow:

    • It helps you in making better decisions for term insurance plans
    • It provides you assistance in selecting an additional coverage
    • It is a time-efficient and hassle-free approach to get a policy quote.
  • Will I have to pay any charges to avail the premium calculator?

    No, you do not have to pay anything to use the term insurance premium calculator. All you need to enter the required and relevant details. 

  • Where can I find the best term insurance premium calculator?

    You can get the best term insurance premium calculator at InsuranceDekho. 

Term Insurance Companies User Reviews

What users are saying
  • Good claim settlement ratio

    A good claim settlement ratio is essential in choosing any term plan. So, I checked the claim settlement ratio...

    Read More
    G
    Bharti AXA
    By Gaurav Nautiyal
    On: July 01, 2022
  • Was guided by experts

    I genuinely thank the team at InsuranceDekho who were there with me throughout the process of buying IndiaFirs...

    Read More
    B
    IndiaFirst
    By Bulbul
    On: July 01, 2022
  • Detailed explanation on the we...

    The website of InsuranceDekho contained detailed information about a range of term plans. It was after going t...

    Read More
    R
    Aviva
    By Rakshit Kumar
    On: July 01, 2022
  • Must-buy term plan

    A few years ago, my friend recommended me to buy the Ageas Federal Mylife Protection Term Insurance plan from ...

    Read More
    A
    Ageas Federal
    By Arjun Lal
    On: July 01, 2022
  • Best online platform

    The website of InsuranceDekho is designed in such a way that I can easily call it the best online platform. So...

    Read More
    A
    Canara HSBC OBC
    By Amulya
    On: June 30, 2022

Term Insurance News

  • Latest News
  • Popular News

Insurance Dekho Contact Details

Reach us for help anytime

Partner Term Insurance Companies

Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

Find the right insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.