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Term Life Insurance Calculator

Calculate your recommended life insurance cover and estimate your annual premium accurately.

Profile Details

Gender

Smoker?

Estimated Annual Premium
₹10,500/ year
Recommended
₹1,50,00,000
15x income
Chosen Cover
₹1,00,00,000
Sum Assured
Tax Saving (80C)
₹3,276
per year
Prem-to-Income
1.05%
Affordable
Your coverage is lower than recommended

Recommended: ₹1,50,00,000 | Your Cover: ₹1,00,00,000

67% Cover
Insurance Breakdown
10 Year Term
Cover1.0Cr

Long-term Comfort

To maintain this ₹1,00,00,000 policy for 10 years, your total premium payments will only represent 1.05% of the payout your loved ones would receive in case of standard mortality.

Income Replacement

This premium represents just 1.05% of your current annual income, instantly creating a cash cover equivalent to 10.0 years of earnings.

Term Life Insurance

Term insurance is a pure protection plan that provides a life cover (sum assured) to your family in case of your untimely demise during the policy tenure. It is one of the most cost-effective ways to secure your dependents' financial future.

How it Works

Premium Estimation

Premium = Standard Base Rate × (Sum Assured / Standard Unit) × Age Factor × Health Multipliers

Gender & Smoking Impact

Female applicants typically receive lower rates (~10% cheaper) due to higher life expectancy. Tobacco usage heavily increases mortality risk, often raising premiums by 40% to 70%.
Frequently Asked Questions

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