Term Insurance Premium Calculator
Find out what term insurance actually costs at your age. Three inputs, instant estimate — no email or phone number needed.
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How Term Insurance Premiums Work
Term insurance is the most affordable type of life insurance because it provides pure protection with no savings or investment component. You pay a fixed annual premium, and your family receives the full sum assured if something happens to you during the policy term.
The three biggest factors that determine your premium are:
- Your age — The younger you buy, the lower your premium. A 25-year-old pays roughly half of what a 35-year-old pays for the same coverage.
- Coverage amount — Higher coverage costs more, but the rate per lakh often drops at larger amounts (volume discount).
- Tobacco use — Smokers and tobacco users pay 50-80% more than non-smokers.
Not sure how much coverage you need? Use our Coverage Calculator to find the right amount based on your income, expenses, and family situation. Or check your overall preparedness with the Insurance Readiness Quiz.