Term Insurance Calculator

Estimate your term insurance premium based on age, cover amount, and other factors.

Your Age

Cover Amount (₹)

Policy Term (years)

Gender

Smoker

Monthly Premium

₹46

Annual Premium

₹550

Total Premium (30 yrs)

₹16,500

* Premiums are indicative estimates. Actual premiums vary by insurer, health conditions, and other factors.

About Term Insurance

Term insurance is pure life cover — it pays the sum assured to nominees if the policyholder passes away during the policy term. It offers the highest coverage at the lowest premium.

Key Points

Recommended cover: 10–15x of annual income
Lower premiums when you buy young and are a non-smoker
Premium is tax-deductible under Section 80C
Death benefit is tax-free under Section 10(10D)
Riders like critical illness, accidental death can be added

* Premiums shown are indicative estimates. Actual premiums depend on the insurer, medical history, lifestyle, and other underwriting factors.