Prices Increasing soon Prices Increasing Soon

Credit Life Insurance Calculator

Understanding the basics of credit life insurance is essential in the intricate web of financial planning. A valuable tool in this domain is the Credit Life Insurance Calculator, a resource that empowers individuals to make informed decisions about protecting their financial commitments. Read on to learn more about the significance of credit life insurance and how leveraging a calculator can enhance your financial preparedness. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What is Credit Life Insurance?

Before understanding credit life insurance calculators, let's discuss the basics of credit life insurance. This specialized insurance product is specifically linked to specific debts, such as mortgages, personal loans, or credit cards. Its primary role is to settle outstanding debts in the event of the policyholder's demise, ensuring that financial burdens do not create difficulties for their loved ones.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

What is The Role of Credit Life Insurance Calculator?

A Credit Life Insurance Calculator serves as a dynamic tool to demystify the complexities of coverage. Here's how it can be a game-changer:

  1. Precision in Coverage

    The calculator precisely estimates the coverage needed by inputting key details such as outstanding debt, interest rates, and loan terms. This ensures that your policy aligns with your specific financial obligations.

  2. Customization for Your Needs

    Every individual's financial situation is unique. The calculator allows for customization, enabling you to tailor the coverage to match your specific loans and their respective amounts.

  3. Understanding Premiums

    Credit life insurance comes with premiums, and the calculator can shed light on these costs. It helps you understand the financial implications of the insurance, allowing you to make decisions aligned with your budget.

one crore term plan

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

How to Use the Credit Life Insurance Calculator?

  • Input Loan Details: Enter details about your loans – outstanding balances, interest rates, and remaining terms.

  • Personal Information: Provide essential personal information, such as age, to factor in life expectancy calculations.

  • Review Coverage Options: The calculator will generate coverage options based on the information entered. This empowers you to assess different scenarios and choose the coverage that best suits your needs.

What are the Benefits of Using the Credit Life Insurance Calculator?

  • Informed Decision-Making: The calculator equips you with information to make informed decisions about the coverage you need, ensuring that your loved ones are adequately protected.

  • Budgetary Considerations: Gain insights into the associated premiums, allowing you to factor insurance costs into your overall budget.

  • Peace of Mind: Knowing that your credit life insurance aligns with your financial obligations provides peace of mind, allowing you to face the future confidently.


A Credit Life Insurance Calculator is valuable in the financial planning journey. This tool empowers individuals to precisely navigate their credit life insurance needs, bringing clarity and confidence to an otherwise complex landscape. As you secure your financial future, consider leveraging a Credit Life Insurance Calculator to make well-informed and tailored decisions that protect your legacy and your loved ones.

Premium By Age

Life-insurance articles

  • Recent Article
  • Popular Articles
13 Jun 2024


Kotak T.U.L.I.P (Term with Unit Linked Insurance Plan) is a

Read more
10 Jun 2024

Sukanya Samriddhi Yojana Online Payment

The Sukanya Samriddhi Yojana (SSY) is a government-backed

Read more
07 Jun 2024

Sukanya Samriddhi Yojana Passbook Online

The Sukanya Samriddhi Yojana (SSY) is a government scheme in

Read more
06 Jun 2024

Pradhan Mantri Matru Vandana Yojana

The Pradhan Mantri Matru Vandana Yojana (PMMVY), launched in

Read more
05 Jun 2024

Best Long-Term Investment Plans in 2024

In today's dynamic financial landscape, choosing the right

Read more
08 Oct 2018

ULIP Calculator

A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount

Read more
29 Apr 2022

Top 12 Government Schemes for Girl Child

Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare

Read more
28 Jan 2022

Best NRE Savings Accounts for NRIs in 2024

India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in

Read more
04 Apr 2014

20 Best Investment Options in India in 2024

Investing in the best investment options in India helps to maximize your returns and fulfill your immediate and

Read more
10 Feb 2014

Short Term Investments Options

Short-term investments are financial assets that can be easily converted to cash within a short period, ranging

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.