HDFC Term Life Insurance For NRI Premium Calculator

HDFC Term Insurance for NRI premium calculator is a freely accessible online tool that helps calculate the premium that you are required to pay for the desired plan benefits and insurance coverage.

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Note: Know more about what is term insurance first before reading this article.

This term insurance premium calculator considers different factor such as current income, age, marital status, debts, number of dependents, and medical conditions to help you select an insurance policy that best fit your requirements and life objectives. Read on to learn more about HDFC Term Insurance for NRI Premium Calculator:

What is HDFC Term Insurance for NRI Premium Calculator?

The HDFC term life insurance for NRI premium calculator is an online tool that helps calculate the approximate amount NRIswould have to pay as premiums for their desired pure risk cover and policy term. This term insurance for NRI premium calculator makes lengthy calculations easy and time efficient by providing accurate answers within seconds. Using this calculator, NRIs can compare and buy the most suitable protection plan to get their required protection for expats at affordable premiums.

Why Should You Use HDFC Term Insurance For NRI Premium Calculator?

Many NRIs prefer using the HDFC term insurance for NRI premium calculator to ensure they know the approximate amount of premium they would have to pay for their profile. This is because this term insurance premium calculator provides the lowest premium applicable for each individual depending on their specific age, gender, and pure risk cover requirements. This way, the NRI can easily know the amount they would need to put aside for the premiums and the return they can expect if they buy term plan with return of premium option.

NRIs can also use this term insurance premium calculator to calculate their annual premium for their desired plan and estimate the amount they would save on their annual premium discount of 5%.

How To Use an HDFC Term Insurance For NRI Premium Calculator?

Step 1: Visit the term insurance premium calculator page

Step 2: Select your age, gender and tobacco consumption habits

Step 3: Choose your required life cover and cover till age

Step 4: The lowest premium for your profile will be displayed below

Step 5: Click on ‘Check your Premium’ to see the available plans

Step 6: Select the most suitable plan and proceed to pay

Benefits of Using an HDFC Term Insurance For NRI Premium Calculator

The following are the benefits of using HDFC Term Insurance for the NRI Premium Calculator:

  1. Choose the right cover amount

    This NRI Premium calculator from HDFC Term insurance provides you with an estimate of the amount of life cover that helps cover your family’s financial requirements and liabilities and the premium amount payable under the term insurance plan. The selection of cover depends upon different parameters such as existing liabilities, annual income, number of dependents, marital status, and other factors.

  2. Cost-Saving

    With the HDFC term insurance for NRI premium calculator, you can calculate the different premiums offered by different companies and purchase the protection plan from the insurer that fits your budget. Not only that but by opting for the annual premium payment mode, NRIs can also estimate the amount they would save using the GST waiver and 5% annual discount.

  3. Informed Decision

    By giving you the right estimate of the life cover that you will require under your term insurance plan, an HDFC Term Insurance for NRI Premium calculator helps you make an informed decision.

  4. Compare different NRI Term Plans

    The HDFC term insurance for NRI premium calculator helps you compare the available term plans in your country of residence and find the most suitable to buy. With this calculator, you can compare level term life insurance rates on the basis of the company’s CSR, policy term, sum assured, premium payment term, and the other offered benefits.

  5. Helps in Financial Planning

    The term plan calculator also helps you know the premium amount to be paid immediately. Once you get to know the premium that you have to pay on a regular basis as premiums, you can then accordingly plan your budget. Having a good financial plan for your HDFC term plan will help you avoid cases such as missed premium payments.

  6. Coverage Details

    The HDFC Term insurance for NRI premium calculator can help you determine whether the policy provides sufficient financial coverage to your family members in case of an unforeseen event. In case the coverage is not adequate, then you have the option to adjust the premium payment term and increase the coverage of your life term insurance policy.

Factors Affecting the HDFC Term Insurance for NRI Premium Rates

The following parameters play an important role in determining HDFC Term insurance premium rates:

  • Age: The older you are, the higher your term insurance premium rate will be. This is because, with a young person, there is a lesser chance of falling ill because of lifestyle diseases that occur with age or premature death.

  • Gender: The average life expectancy of a woman is higher than that of men. This means that women can avail of lower premiums in comparison to men of the same age.

  • Smoking Habits: Smokers are most likely to develop certain ailments such as heart diseases and lung cancer than non-smokers. This is why the term insurance premium rates for smokers are more in comparison to non-smokers.

  • Lifestyle Habits: Your way of living impacts the term insurance premium rate. For example, if you consume alcohol on a regular basis or frequently participate in dangerous activities, then the premiums may be increased for you. Individuals having poor lifestyle habits are generally charged a higher premium price than individuals of the same age and gender who have good lifestyle habits.

  • Medical History: The family’s medical history will impact the level term life insurance rates as the premiums will increase for individuals with increased medical risks.

  • Premium Payment Term: The longer the premium payment term, the lower the premium will be.

  • Sum Assured: The larger the sum assured, the more the premiums will be. This is because the company is providing you with a pure risk cover for a large amount and, thus, covers the risk on your life.


FAQ's

  • How can a term life insurance for NRI from HDFC Life insurance help me?

    Ans: A term or life insurance for NRI from HDFC life insurance can help you secure the life of your family in the event of your unfortunate absence. These plans are available at low cost and offer long term coverage. You can check out the different plans available from HDFC life insurance and purchase the one that fits your needs.
  • How should I use the HDFC term insurance for NRI calculator?

    Ans: You can use the HDFC term life insurance for NRI premium calculator in the following way:
    Step 1: Visit the term insurance calculator page
    Step 2: Fill in your age, gender, tobacco habits, required life cover, and cover till age
    Step 3: See the lowest premium applicable for your profile
    Step 4: Click on ‘Check your premiums’ to see the available plans
    Step 5: Select the most suitable plan and proceed to pay
  • What are the benefits of using the HDFC term insurance for NRI premium calculator?

    The benefits of using the HDFC term insurance for NRI premium calculator are as follows:

    • Time-efficient
    • Easy to understand
    • Accurate results each time
    • Compare term plan premiums
    • Financial planning
  • What are the benefits of term life insurance?

    Ans: Here are 4 common term insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage
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