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Term Insurance Calculator
Estimated term insurance premium for your age and cover.
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Frequently asked questions
Why is term insurance so cheap?
Pure risk product, no investment bundling. Insurer pays only if you die within tenure. 99% of policies never pay out, keeping premiums affordable.
Should I buy early?
Yes — premium is locked at purchase age. Age 25 vs 35 = 50–70% cheaper for same cover. Buy as early as you have dependants or plan to.
Term till 60 or 75?
Beyond retirement, usually unnecessary if you have no dependants financially reliant on your income. ₹1Cr cover till 60 covers work-life risk.
Return of Premium plans?
Usually bad math. You pay 3x the pure-term premium to get your money back at maturity. Instead, take pure term + invest the difference in PPF/ELSS — larger corpus.