Prices Increasing soon Prices Increasing Soon

Calculate Your Fund with Term Insurance Calculator

The job of purchasing a term life insurance policy can be baffling, as a potential policyholder needs to weigh considerable number of factors like return of premium and rates for the insurance policy.

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.

Depending on your exact financial condition, it is challenging to determine exactly how much coverage should be sufficient for your requirements. For a majority of the population this is something beyond their personal capabilities and that is precisely the reason that a Term insurance calculator is made available to the consumers by the insurance companies, with an aim of making it easier to call it a deal.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Prior to purchasing a term insurance policy from any of the carriers, it is of utmost importance that you understand what the policy actually implicates in terms of term insurance rates and also the steps that must be necessarily take to ensure that you get a fair deal. All these factors are the result of the cumulative analysis of your actual coverage requirement and also the amount you can spend to pay for your term life insurance premiums. While calculating term life insurance with the help of your insurance agent or through an online insurance calculator you need to take into account that you need to pay the premiums for a long period of time, say 15 to 20 years and ensure that you can afford it for that entire duration.

An online insurance calculator is perhaps the best way of getting an accurate estimation of the coverage you require and also the exact return of premium, so that you can benefit the most from it. For the purpose of calculating the cost of insurance policy and the rate of premium a Term insurance calculator base its calculations upon the following factors:

  • Your credit card and mortgage debt along with the loans your are still paying back
  • Fund required for school and college education for your children
  • Your average monthly living cost that includes utility bills and also inflation amount
  • Expected monthly income of your spouse after tax deduction
  • Valuation of the assets that you currently have and also
  • The age of you and your spouse.

It is not the fact that you can use an insurance calculator only for term insurance rates only. But these tools are equally effective in calculating insurance rates and premium amounts for whole life insurance and health insurance policies too. Proper and accurate calculation is of foremost importance for finding good term insurance policies because these plans generate no cash value and are considered as pure insurance in their character. In addition to this they offer a cover for a limited duration of time only and on maturity these can either be completely dropped without any monitory return or can also be renewed against new term life rates and premiums.

For making the right calculation on the required coverage and rate of premium, most people are dependent on their insurance agents who are often biased towards the insurance carrier and are also prone to human errors. An online insurance calculator always makes a much better choice for you always expect the most accurate results and they are also little prone to committing errors. Moreover, using insurance calculators from different insurance companies gives you a better chance of understanding your exact requirements.  

Different types of Plans

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
22 Feb 2024

Tata AIA 50 Lakh Term Insurance

Ensuring the financial well-being of your family requires

Read more
22 Feb 2024

SBI Life 75 Lakh Term Insurance

SBI Life Insurance Company offers a variety of sum assured to

Read more
22 Feb 2024

Kotak 50 Lakh Term Insurance

Securing your family's financial future involves detailed

Read more
22 Feb 2024

SBI Life 70 Lakh Term Insurance

Many people are confused about the ideal life cover amount and

Read more
22 Feb 2024

PNB 50 Lakh Term Insurance

Securing your family's financial stability involves thoughtful

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
12 Jun 2018

Claim Settlement Ratio of Term Insurance Plan Providers

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
View Plans
Download the Policybazaar app
to manage all your insurance needs.