Term Insurance Premium Calculator
Calculate premium for your term life insurance policy
About Term Insurance
Term insurance is the purest form of life insurance that provides financial protection to your family in case of your untimely demise during the policy term. It offers high coverage at very affordable premiums.
Key Features of Term Insurance:
- Pure risk cover with no maturity benefits
- Highest life coverage at lowest premium
- Flexible policy terms from 5 to 40 years
- Option to add riders like critical illness, accidental death, etc.
- Tax benefits under Section 80C and 10(10D) of Income Tax Act
Factors Affecting Term Insurance Premium:
| Factor | Impact on Premium |
|---|---|
| Age | Higher the age, higher the premium |
| Coverage Amount | Higher coverage means higher premium |
| Policy Term | Longer term means higher premium |
| Health Status | Better health means lower premium |
| Smoking Status | Smokers pay significantly higher premium |
| Occupation | High-risk occupations pay higher premium |
Top Term Insurance Plans in India (2025):
- LIC Tech Term: From Life Insurance Corporation of India
- HDFC Life Click 2 Protect Life: Affordable online term plan
- ICICI Pru iProtect Smart: With multiple coverage options
- SBI Life eShield: Simple and affordable term plan
- Max Life Online Term Plan: With return of premium option
Note: This calculator provides approximate premium estimates. Actual premiums may vary based on the insurance provider and your specific health profile.