Term Insurance Quotes

Term insurance quotes are the estimated premiums for a particular plan based on your personal and financial info. Term insurance quotes are useful in helping you understand what benefits come with what cover, all before making a purchase. In order to get a fair estimate of a term insurance quote, you will be asked for some of your personal and financial details, including age, policy term, whether you are a smoker or a drinker, job nature, income, amount of sum assured, and policy term purchased. By comparing different term insurance quotes, you are able to view several plans side by side based on their premiums, features, additional benefits, and claim benefits as well.

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Why Should You Compare Term Insurance Quotes?

Here is a list of all the benefits of comparing term Insurance policy quotes online:

  • Paperless Procedure

You can purchase a term Insurance policy online with reduced paperwork by comparing term insurance quotes.

  • Informed Decision

The comparison allows you to make an informed decision about the features, T&Cs, and benefits of term Insurance policy you want to buy.

  • Quick and Convenient Buying Process

The easier process makes the policy buying process very convenient as you can purchase a policy in just a few minutes from the comfort of your home.

  • Check out the features and riders

Each policy has its own set of benefits. You can choose useful riders like critical illness cover or premium waiver without paying for extras you don't need when you look at them side by side.

  • Find the right price

Different insurance companies use different methods to decide how much to charge for the same coverage. By comparing quotes, you can avoid paying too much for the same level of protection.

Factors Affecting the Term Insurance Policy Quotes

Term insurance quotes depend upon the following factors:

  • Age, policy term, occupation type, and lifestyle of the life assured: The term Insurance policy quotes depend on various factors like your age, pre-existing medical conditions, and your type of occupation. The term Insurance premium rates increase with age and if you have any pre-existing health conditions. The insurance company will also evaluate your risks depending on the nature of your profession. If you are a healthy, young non-smoker and you have a dangerous job, your term insurance quote may be higher regardless of your physical condition. Professional divers, pilots, oil rig workers, and members of other jobs with a high risk of fatal injuries may have higher rates than individuals in occupations where the risk of injury or death is low.

  • Policy Term: The term insurance quote increases with an increase in the policy term as you will be covered under the policy benefits for a longer time.

  • Sum Assured: Term insurance policy quotes increase with the increase in the sum assured. The higher the life cover, the higher will be your term insurance premium.

  • Premium Paying Term: A shorter premium payment term will be available at a higher term insurance quote than that of a longer premium payment term.

  • Premium Payment Frequency: The term insurance quotes for modal premiums such as half-yearly, quarterly, and monthly cumulatively turn out costlier than that of annual mode as the cost of administration and operational costs of a term insurance company increases for administering a policy in modes other than annual.

  • Add-on Riders: Additional riders provide enhanced life coverage at a nominal extra cost. Therefore your term insurance policy quotes increase with the addition of riders to the base plan.

How to Get the Best Term Insurance Quotes Online?

You can request term insurance quotes online in just a few simple steps:

  • Step 1: Visit the term insurance plans page 

  • Step 2: Fill in the essential information like name, gender, contact number, and date of birth

  • Step 3: Answer questions regarding your occupation type, annual income, educational background, and smoking habits

  • Step 4: Go through the term insurance quotes and select the plan you want to purchase

FAQs

  • What are quotes in term insurance?

    Quotes for term Insurance Plans are the estimated fees required by the insured to purchase the required term insurance for the duration of the plan.
  • How to get the best quotes on term insurance?

    Buy early, compare quotes from multiple insurers, and share accurate health and lifestyle details. Choose a cover that matches your actual needs instead of overestimating. A clean medical profile and the right policy term usually lead to lower premiums.
  • How to read a term insurance quote?

    Emphasis is placed on sum assured, term of insurance, and premium to be paid. Take note of what period you must pay your premium for, if additional benefits will be included, whether taxes are to be charged, along with important exclusion clauses.
  • What are the factors affecting term insurance quotes?

    Age, health condition, lifestyle habits, and occupation play a major role. The sum assured, policy duration, and add-on riders also affect the final premium. Younger and healthier individuals generally get better quotes.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

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