What are Life Insurance Quotes?

Life insurance quotes are the estimated premiums for a particular plan based on your personal and financial info. Life 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 life insurance quote, you will be asked for some of your personal and financial details, including age, medical history, whether you are a smoker or a drinker, job nature, income, amount of sum assured, and length of plan purchased. By comparing different life insurance quotes, you are able to view several plans side by side based on their premiums, features, additional benefits, and claim benefits as well.

53 Partners Insurance Partners

13.2 Crore Registered Consumer

6.29 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth (DD/MM/YYYY)

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

Let’s understand the detailed breakdown of what are life insurance quotes:

Why Should You Compare Life Insurance Quotes?

Here is a list of all the benefits of comparing life insurance policy quotes online:

Paperless Procedure

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

Informed Decision

The comparison allows you to make an informed decision about the features, T&Cs, and benefits of life 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.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Factors Affecting the Life Insurance Policy Quotes

Life insurance quotes depend upon the following factors:

Age, medical history, occupation type, and lifestyle of the life assured: The life insurance policy quotes depend on various factors like your age, pre-existing medical conditions, and your type of occupation. The life 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 life 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 life insurance quote increases with an increase in the policy term as you will be covered under the policy benefits for a longer time.
Type of Life Insurance Plan: The type of coverage you buy also affects the premium rates you need to pay for a specific life insurance policy. Term life insurance is a type of life insurance plan with the most affordable life insurance quotes. ULIP plans are more expensive because a portion of your money goes towards other financial investments that the company makes on your behalf. This, in return, allows your policy to accrue cash value within a certain period.
Sum Assured: Life insurance policy quotes increase with the increase in the sum assured. The higher the life cover, the higher will be your life insurance premium.
Premium Paying Term: A shorter premium payment term will be available at a higher life insurance quote than that of a longer premium payment term.
Premium Payment Frequency: The life 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 life 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 life insurance policy quotes increase with the addition of riders to the base plan.

How to Compare Life Insurance Policy Quotes?

You should compare life insurance quotes on the basis of the following points:

Term and Conditions of the Policy: You go through the policy T&Cs thoroughly, as once you have purchased, the plan will function according to the T&Cs listed on the policy documents.
Life Cover Requirements: You should make sure that the life insurance plan fits in with all your requirements. The sum assured should be large enough to cover your family’s financial needs in case of your unfortunate absence, and the policy term should be long enough to cover you at least until retirement.
Inclusions and Exclusions: Before purchasing the life insurance policy, you must ensure to go through the inclusions and exclusions of the life insurance policy. This can help avoid any confusion at the time of claim registration.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How to Get the Best Life Insurance Quotes Online?

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

Step 1: Visit the life 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 life insurance quotes and select the plan you want to purchase

People also search for

What is Term Life Insurance

FAQs

What are quotes in life insurance?

Quotes for Life Insurance Plans are the estimated fees required by the insured to purchase the required life insurance for the duration of the plan.
How to get the best quotes on life 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 life 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 life 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.
What are the 3 reasons to buy life insurance?

Provides financial security to your loved ones
Helps grow money for future goals and inflation
Offers tax saving benefits as per prevailing laws

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Author's Bio

Varun Agarwal Head - Term Insurance

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

Write to Varun

Explore the popular searches and stay informed

˜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.

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