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
Your figures travel in the link, never to a server.
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.
Term insurance premium chart by age and cover
Estimated annual premium for a 20-year term, non-smoker. Pick any figure for the full breakdown at that cover and age — including smoker rates and other policy terms.
| Age | ₹25 lakh | ₹50 lakh | ₹75 lakh | ₹1 crore | ₹1.5 crore | ₹2 crore |
|---|---|---|---|---|---|---|
| 25 | ₹2,063 | ₹4,125 | ₹6,188 | ₹8,250 | ₹12,375 | ₹16,500 |
| 30 | ₹2,475 | ₹4,950 | ₹7,425 | ₹9,900 | ₹14,850 | ₹19,800 |
| 35 | ₹2,750 | ₹5,500 | ₹8,250 | ₹11,000 | ₹16,500 | ₹22,000 |
| 40 | ₹3,713 | ₹7,425 | ₹11,138 | ₹14,850 | ₹22,275 | ₹29,700 |
| 45 | ₹5,225 | ₹10,450 | ₹15,675 | ₹20,900 | ₹31,350 | ₹41,800 |
| 50 | ₹7,425 | ₹14,850 | ₹22,275 | ₹29,700 | ₹44,550 | ₹59,400 |
Figures are the annual base premium, before 18% GST.
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.