How accurate is this premium estimate?

It is a rough guide based on simplified age-band rates. Real quotes depend on your medical reports, occupation, riders selected, and the insurer.

Does smoking really change the premium?

Yes. Most insurers load smoker premiums by 40 to 60 percent because of higher mortality risk. Declaring honestly is essential — undisclosed smoking is a common reason for claim disputes.

What cover amount should I pick?

A common rule is 10 to 15 times your annual income, plus any large outstanding loans. Use the human life value calculator for a more tailored figure.

Why does premium jump after age 45?

Mortality rates increase non-linearly with age, and insurers price that risk in. Buying earlier locks in a lower rate for the full policy term.

Term insurance premium calculator

Get a quick estimate of what a pure-protection term plan could cost you each month. Adjust the cover amount, your age, smoking status, and policy term to see how the premium shifts before you compare actual quotes.

Term insurance premium calculator

Estimate your premium in seconds. Final price depends on health & insurer.

Your age(years)

Life cover(₹)

1 Cr

Policy term(years)

30 yrs

Profile

Annual

₹7,000

for 30 yrs

Monthly

₹583

approximate

Per day

₹19.18

just one cup of chai

These are indicative numbers based on industry-average rates. Final premium depends on the insurer's underwriting, your medical history, occupation, and chosen riders. Use it to ballpark — not as a quote.

How this is calculated

Inputs you provide: current age, gender, smoking status, cover amount in lakhs, and policy term in years.
A base rate per thousand of cover is picked based on age bands — rates rise steeply after 45.
The base rate is multiplied by smoker, gender, and term factors to get an annual premium.
Monthly cost is the annual figure divided by 12. Daily cost divides by 365.
This is indicative only. Insurers apply their own underwriting based on medical history and income proof.

Common questions

How accurate is this premium estimate?: It is a rough guide based on simplified age-band rates. Real quotes depend on your medical reports, occupation, riders selected, and the insurer.
Does smoking really change the premium?: Yes. Most insurers load smoker premiums by 40 to 60 percent because of higher mortality risk. Declaring honestly is essential — undisclosed smoking is a common reason for claim disputes.
What cover amount should I pick?: A common rule is 10 to 15 times your annual income, plus any large outstanding loans. Use the human life value calculator for a more tailored figure.
Why does premium jump after age 45?: Mortality rates increase non-linearly with age, and insurers price that risk in. Buying earlier locks in a lower rate for the full policy term.