Life Insurance Calculator
- Life Insurance Calculator
- How Does It Work?
- Benefits of the Calculator
Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.
Naval Goel, the founder of PolicyX is a well-recognised name in the Indian insurance and finance industry. His global overview has revolutionised the way insurance is perceived and bought by commoners in India.
Updated on Apr 08, 2025 4 min read
There are various types of life insurance calculators, each with unique features are available. Let's understand each type of life insurance calculator in detail to understand their purpose.
| Types of Life Insurance Calculator | Overview |
| Term Insurance Calculator | A term insurance calculator helps you calculate the premiums of your term insurance plan based on provided inputs such as age, gender, income, education, coverage, etc. |
| Human Life Value (HLV) Calculator | It estimates the life coverage amount required to fulfil your financial responsibilities based on various factors, including age, income, expenses, etc. |
| ULIP Calculator | It helps individuals calculate the premium amount of their ULIPs, along with the return they can expect by investing in that plan. |
| Pension Calculator | A pension calculator provides the corpus you can accumulate by investing in a pension plan. Moreover, it also helps you choose the right pension plan. |
| Child Plan Calculator | A child plan calculator is a financial tool that helps you calculate the amount you require to fulfil your child's goals, such as education, marriage, etc. |
We have provided a step-by-step guide on how you can use various types of life insurance calculators. By following some simple steps, you can calculate the premiums of your desired plan.
To use the term insurance calculator, you have to follow the steps below:
You can use the ULIP calculator by following the steps mentioned below:
You can use the pension calculator by following the steps mentioned below:
To use the child plan calculator, you have to follow the steps mentioned below:
Using a life insurance calculator offers a range of benefits. Let's understand these benefits in detail:
A life insurance premium is the amount paid by the policyholders to the insurance companies for providing them coverage for a certain policy tenure. The premium amount is paid either as a lump sum, monthly, quarterly, half-yearly, or yearly. Buying a life insurance plan when you are young results in affordable premiums.
Life insurance companies determine the premium amount based on various parameters such as age, health conditions, occupation, lifestyle habits, etc. For example, a smoker has to pay higher premiums as compared to a non-smoker.
The premium calculation is an easy, few-step process that gives you results in seconds. To calculate the premiums, you have to follow the steps mentioned below:
Step 1: To calculate the life insurance calculator online, one has to visit the official website of the life insurance company from which they want to buy the policy.
Step 2: There, you will find an option to 'Calculate Premium'. Enter the essential details such as age, gender, desired coverage, riders, and personal habits like smoking or consumption of alcohol.
Step 3: Click on 'Calculate'. By clicking on this option, the calculator will display the premiums.
A life insurance calculator is an online tool that calculates life insurance premiums based on the provided information, including age, gender, coverage, policy tenure, etc. Moreover, it also helps you compare various life insurance plans and choose the one that suits your financial requirements. Life insurance calculator empowers individuals to make informed decisions about their financial future and ensures their loved ones' long-term security.
If you are still confused about choosing the right life insurance plan, you can contact us at PolicyX.com. We offer No Spam, No Gimmicks, and Only Expert Insurance Advice.
You can calculate the life insurance premiums using the PolicyX Life Insurance Premium Calculator.
To calculate the life cover, you can use the PolicyX Human Life Value (HLV) Calculator.
Investing in a life insurance policy offers financial security to your loved ones in your absence. Moreover, certain life insurance plans also offer returns on your invested amount.
To use the life insurance calculator, you just have to provide some basic information, including your age, gender, annual income, education, coverage, policy tenure, etc.
The working of a life insurance premium calculator is simple. You just have to provide basic details, including your age, gender, annual income, policy tenure, etc, and the calculator will show you the premiums.
The premium amount for a Rs 50 lakh life insurance ranges between Rs 8,000 to Rs 15000 annually, depending upon the plan chosen.
No, a life insurance premium calculator is a free tool that calculates your life insurance premiums based on inputs provided, such as age, gender, coverage, policy term, etc.
Yes, life insurance premium calculators provide accurate results based on the provided inputs.
Yes, a life insurance calculator allows you to compare various life insurance plans based on premiums, coverage, policy tenure, etc.
There are various benefits of using a life insurance calculator, including easy premium calculation, comparison of various plans, error-free results, etc.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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October 9, 2024
I want to thank Shubham Sharma for his exceptional help with my term insurance query. He went above and beyond to assist me. I’m very grateful to Policyx.com and Shubham Sharma.
May 20, 2024
SUD Life term plan truly stands out my expectations as I got SUD Life term plan along with additional riders at very affordable premiums.
May 20, 2024
I am impresses with the hassle free and quick claim settlement process of SUD Life. Thanks to PolicyX who guided me to get my claim settled.
May 20, 2024
Bought SUD Life Family Income Benefit Rider plan to secure the future of my plan financially even in my absence.
May 20, 2024
I was looking for a term plan to secure the future of my family. So I contacted PolicyX and one of their representatives Mr. Vaibhav helped me choose SUD Life term plan.
May 17, 2024
I recently purchased a Pramerica term insurance policy from Policyx.com. The customer service team was very helpful in answering all my queries and guiding me through the application process. I...
May 17, 2024
PolicyX’s dedicated support made renewing my Bandhan Life Insurance policy easy. I’m absolutely delighted with the service offered by PolicyX Insurance Advisor.
May 17, 2024
I bought a Bandhan Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.
Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
