Term Insurance Calculator

Term insurance provides life cover for a fixed period (term). If the policyholder dies during the term, the sum assured is paid to the nominee. It is pure protection with no maturity benefit if you survive.

A common rule of thumb is 10–15 times annual income. Use the calculator to see how premium changes with sum assured and term, then choose a cover you can afford.

No. Riders (e.g. critical illness, accidental death) add to the premium. The result is for basic term cover only.

Risk of death increases with age, so insurers charge more for the same cover. Buying earlier usually means a lower premium for the same term and sum assured.