The premium rates of these term insurance plans differ from one another. In order to make it easy for customers to compute the rates of different products, the insurer also offers several financial tools and insurance premium calculators. Read on to know more about ICICI Term Insurance Premium Calculator:
What is ICICI Term Insurance Premium Calculator?
ICICI Term Insurance Premium Calculator is an online freely available tool that helps to calculate the monthly premium amounts to be covered under the ICICI term plan. This premium calculator is helpful and hassle-free when you are purchasing the ICICI Prudential Term policy. ICICI Term Insurance Premium Calculator considers certain factors such as age, gender, marital status, current income, the number of dependents, and any debts/loans to help you select a term plan that best fits your requirements and life objectives.
Why Should You Use ICICI Term Insurance Premium Calculator?
The ICICI Term Insurance Premium Calculator is an operative tool when it comes to assessing the estimated price of a term insurance policy. Since the premium rate of a term insurance plan is affected by certain parameters such as income, age, medical history of the family, sum assured amount, smoking habits, risk factors, and more. These factors are expected to differ from one person to another. So in such cases, it is extremely improbable for an insurance buyer to get premium rates from multiple insurance companies and wait for their response. With ICICI Term Insurance Premium Calculator, insurance buyers can determine the amount of premium and make their buying decision accordingly.
How To Use ICICI Term Insurance Premium Calculator
The ICICI Prudential Life Insurance offers a number of calculators and tools for the benefit of its customers. These tools can be easily assessed by just visiting the official website of the insurer. Following is the step-to-step guide to determine premium rates using ICICI Term Insurance Premium Calculator:
Step 1: Visit the ICICI Prudential Life Insurance’s official website
Step 2: Select the ‘tools & calculators’ option present on the bottom side of the home Web page
Step 3: You will be redirected to all financial calculators obtainable by the insurer
Step 4: Click on tab ‘term insurance premium calculator’ in the financial tools section
Step 5: Then, choose your smoking habits, gender, and date of birth
Step 6: After entering all this information, click on the tab ‘show my quote’ to receive the premium rates.
Step 7: If you want more customized premium rates, you may have to just enter your personal details such as name, email ID, phone number, etc.
Step 8: You can also select add-ons or riders before continuing to the payout part.
Benefits of Using ICICI Term Insurance Premium Calculator
Following are a few key benefits of using the ICICI Term Insurance Premium Calculator are:
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Saves Time!
The ICICI Term Insurance Premium Calculator saves your valuable time. For generating premium rates, you are not required to submit any documents. All you have to do is to enter the required details and the calculator provides you the result in a couple of minutes that fits your needs.
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Gives you an Estimate
The Term Insurance Premium Calculator is generally designed to provide you with a conservative estimate of the premium rates. As long as the input values are correct, the result is also likely to be quite correct as well.
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Helps to make Informed decisions
ICICI Term Insurance Premium Calculator gives you a better idea of the life cover amount that you will require under your term plan. Thus, a premium calculator helps you to make informed decisions.
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Right Premium Amount
The main objective of using a term insurance premium calculator is to get the right premium amount for your term insurance policy. The information about premium amounts under various plans can help you compare and select the best-priced term plan for your appropriate requirements.
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Comparison is Easy
This calculator is very effective when it comes to comparing different products in the insurance industry. One can easily compare features, benefits, premium rates of the different term plans and choose the right plan as per their requirements.
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Cost-effective
The ICICI Term Insurance Premium Calculator is an online tool that is easy and free to use.
