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Insurance Premium Calculator

Calculate your ideal life insurance coverage and estimate monthly premiums.

Personal Details

Coverage Details

Additional Coverage

Coverage Amount

₹0

Years of Income: 0

Monthly Premium

₹0

Annual: ₹0

Additional Benefits

₹0

Total Premium: ₹0

Premium Breakdown

Base: ₹0

Riders: ₹0

Premium Breakdown

Component Monthly Cost Annual Cost Percentage

Insurance Premium Calculation

Base Premium = Coverage Amount × Rate Factor × Term Factor × Risk Factor

Where:

  • Coverage Amount = Annual Income × Coverage Multiple
  • Rate Factor = Based on age, gender, and health
  • Term Factor = Based on policy duration
  • Risk Factor = Based on lifestyle and health conditions

Insurance Coverage Types

Term Life Insurance

  • Pure life coverage
  • Most affordable option
  • No maturity benefit

Critical Illness Cover

  • Coverage for major illnesses
  • Lump sum payout
  • Additional premium cost

Accidental Death Benefit

  • Extra coverage for accidents
  • Double sum assured
  • Minimal premium addition

Premium Waiver

  • Waives future premiums
  • On disability/critical illness
  • Policy continues in force

Important Considerations

  • Choose adequate coverage based on financial obligations
  • Consider inflation and future expenses
  • Disclose all health conditions accurately
  • Review coverage periodically
  • Compare quotes from multiple insurers