India term life insurance estimator
Free India term life insurance calculator. Estimate your annual premium for cover up to ₹1 crore and beyond from age, sum assured, term, tobacco use and health — instant, private.
How to use
- Enter your age and details. Add your age, sex and tobacco use. Premiums roughly double every 8–10 years of age, and tobacco users pay far more.
- Choose the sum assured. Set the cover you want — for example ₹1 crore. The premium scales with the sum assured.
- Pick a term and health. Choose a term from 10 to 40 years and your health. Longer terms and poorer health raise the premium.
- Review your estimate. See your estimated annual premium, the typical range, and a term-by-term comparison.
Features
- Term-life rating factors. Uses age, sex, tobacco use, sum assured, term and health — the core levers Indian insurers underwrite on.
- High-cover friendly. Handles large sums assured like ₹1 crore and above, which is where term insurance is most cost-effective.
- Term comparison. Compares 10-, 20-, 30- and 40-year terms so you can see how a longer policy changes the cost.
- Annual estimate with a range. Shows a point estimate plus a low–high band for the spread between insurers.
- 100% private. All maths runs in your browser. Your details are never uploaded, stored or shared.
When to use it
- Estimating the premium for a ₹1 crore term plan
- Seeing how a 30-year versus 40-year term changes the cost
- Understanding how much tobacco use adds
- Comparing sums assured before buying
- Budgeting family protection
Is it private?
Every calculation runs in your browser. Your age, health and cover details are never uploaded, stored or shared.
Frequently asked questions
Is this a real term insurance quote?
No. It is an educational estimate for standard term life based on published Indian averages. Real prices depend on medical underwriting and the insurer, so get quotes for exact figures.
Why is term insurance so cheap in India?
Term plans are pure protection with no maturity payout, so premiums are low relative to the sum assured — a healthy young non-smoker can cover ₹1 crore for a modest annual premium.
Are payouts taxable?
Death benefits paid to a nominee from a term plan are generally tax-free under prevailing rules, but tax law changes, so confirm current rules for your situation.
How does the sum assured affect the price?
The premium scales roughly with the sum assured, so doubling your cover roughly doubles the premium, all else equal.
Do the rates stay accurate?
Term pricing is fairly stable, but market averages still shift over time, so each estimate shows its data vintage.
Is my information private?
Yes. Everything runs locally in your browser with no upload, no storage and no sign-up.
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