The HDFC Term Insurance calculator is a specifically designed tool, which helps to evaluate the approximate amount of premium one need to pay while purchasing the policy. With the help of HDFC term insurance calculator the policy buyers can make an informed choice and select the plan which offers maximum coverage at lower premium rates. Read further to know in detail about HDFC Term Insurance Calculator.
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The HDFC Term Insurance Premium Calculator is an online tool, which helps to estimate the approximate premium rate of policy for the chosen sum assured amount. The usage of premium calculator is very simple and easy. An individual can use it multiple time to understand how different factors like policy tenure, sum assured amount will affect the premium rate of the policy.
The following are some of the basic details an individual need to mention while calculating the premium amount of the policy with the help of HDFC term plan calculator.
Plan Details |
Personal Details |
Life Cover Required |
Name |
Date of Birth |
Mobile Number |
Premium Payment Term |
Smoking Habit |
Gender |
E-mail ID |
Policy Tenure |
State and City |
To use the premium calculator, one just need to follow the below mentioned simple steps.
There are several benefits of using HDFC term plan calculator. Let’s take a look at it.
HDFC term plan calculator is a user friendly online tool with the helps to evaluate the approximate premium amount by simply entering few details.
With the help of premium calculator, one can compare the quotes of various policies and choose the best suitable plan as per one’s own requirement and suitability.
The estimated premium rates are based on the details entered by the individual and not the suggested standard rates. Based on the coverage amount, policy term and sum assured amount chosen the premium amount of the policy varies from customer to customer. He premium rate of the policy also varies depending on the lifestyle choices and the age of the policy buyers. The premium calculator helps to calculate the closet amount to be paid.
Better Knowledge of Product-wise Coverage
By comparing various products based on the coverage and premium helps to have a proper understanding of the product and the coverage offered by it. By having a better knowledge of the product, the buyers can make an informed choice as per their requirement and suitability.
Term insurance premium rates are the cost that you pay for buying an insurance policy. It is calculated by specialists known as actuaries. These term insurance premium rates should be adequate and equitable to payout the policy benefits and depend on the degree of risk covered by the company. Term insurance premium rates are governed by the following factors: