What is Term Insurance Calculator?
Term insurance is the simplest and most common life insurance product available in the market. While purchasing the term plan, the policyholder needs to pay the premium in exchange for the life cover offered by the policy. Various factors determine the premium rate of the policy and they vary from plan to plan. Thus, to help the individuals to calculate the premium rate of the policy, the Term Insurance Calculator comes to the rescue.
Term insurance Premium Calculator is a specifically designed tool that helps you determine the actual premium amount that you are required to pay to the insurer for a term life coverage. With the availability of so many insurance companies offering policies in India, a term insurance calculator facilitates easy comparison of various plans and thus, allows you to choose the best insurance as per your needs.
The Term Plan calculator can be used online free of cost in a simple and hassle-free way. Moreover, an individual can also customize the calculator as per their convenience. By having a proper understanding of the premium amount, one can analyze the amount of coverage they will need to pay to ensure the financial security of the family. But do you have any idea what are the benefits of the Term Insurance Calculator and how to use it? Let’s study in detail:
Aditya Birla Sun Life Term Insurance Plans
Aviva Term Insurance Plans
Bajaj Allianz Term Insurance Plans
Bharti AXA Term Insurance Plans
Canara HSBC Term Insurance Plans
Edelweiss Tokio Term Insurance Plans
Exide Life Term Insurance Plans
Future Generali Term Insurance Plans
HDFC Life Term Insurance Plans
ICICI Prudential Term Insurance Plans
IDBI Federal Term Insurance Plans
IndiaFirst Term Insurance Plans
Kotak Life Term Insurance Plans
Max Life Term Plans
PNB MetLife Term Plans
Pramerica Life Term Insurance Plans
Sahara Life Term Plans
SBI Life Term Plans
Shriram Life Term Plans
Star Union Term Plans
Tata AIA Term Plans
Types of Term Insurance Calculator
To cater to the requirements of the insurance seekers, there are different types of premium calculators available in the market. Let us take a look:
The Term Plan Premium Calculator helps you compute the premium that you are required to pay at a specific age for a specific term life coverage. Choose the term life coverage as per your needs and future goals.
Investment Plan Premium Calculator helps to analyze your investments in an insurance policy and gives you growth estimates.
This term insurance premium calculator helps you compute how much you need to invest today to earn the desired amount of steady pension in your retirement years.
A child plan premium calculator helps you to analyze and compute how much money (premium amount) you have to pay to get adequate funding for your child’s education, marriage, and other miscellaneous expenses.