Term life insurance premium calculator
Estimate the yearly and monthly premium for a pure term cover in rupees. Move the sliders to see how age, sum assured, and term change the number — and exactly which factor drives it.
₹13,750 / year
₹1 Cr sum assured
32 years old
30-year term
Non-smoker
Illustrative estimate only, based on generic industry rating factors — not a quote from any insurer. Read the full disclaimer.
Trust & methodology
Last reviewed: July 23, 2026
This tool provides an illustrative term life premium estimate for India using generic rating factors — not a quote or a substitute for an IRDAI-registered advisor.
Frequently asked questions
Mainly by your age, the sum assured, the policy term, and whether you use tobacco. Younger, non-smoking buyers lock in far lower rates, and premiums stay level for the whole term on most plans. Occupation, income, and medical history also matter with real insurers.
A common rule of thumb is 10–15× your annual income, plus any outstanding loans (home, car) and future goals like children's education. This calculator estimates the cost of a chosen sum assured; it doesn't recommend a figure.
No. It's an illustrative estimate using generic rating factors, not a quote. Actual premiums depend on the insurer, riders, medical underwriting, and current IRDAI-approved rates.