Free Calculator
Term Insurance Premium Calculator
Calculate your term insurance premium instantly. Get accurate estimates based on age, coverage amount, and policy term.
Enter Your Details
All fields are required to calculate accurate premium
Low Premium Age
18 years65 years
Recommended: 10-15 times your annual income
Recommended: Cover until retirement age (60-65)
Fill in your details and click calculate to see your premium estimate
How Premium is Calculated
- Age: Premium increases with age due to higher mortality risk
- Gender: Women typically pay 10-15% less due to longer life expectancy
- Tobacco: Users pay 40-50% higher premium due to health risks
- Coverage: Higher sum assured may get volume discount
- Term: Longer terms may have slightly higher premium
Important Notes
- This is an estimate. Actual premium depends on medical tests and underwriting.
- Premium shown includes 18% GST as applicable.
- Compare quotes from multiple insurers for best rates.
- Riders will increase the premium accordingly.
- Premium rates may vary by insurer and are subject to change.
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