🛡️ Insurance Calculators Hub
Calculate premiums, coverage needs, returns and more with our comprehensive insurance calculator suite
Term Insurance Premium Calculator
Calculate the premium for your term life insurance policy.
Results
Annual Premium
₹9,500
Monthly Premium
₹792
Total Premium
₹2,37,500
Coverage Multiple
21x
Term Insurance Benefits
• Pure life insurance coverage at affordable rates
• Tax benefits under Section 80C of the Income Tax Act
• Riders available: Critical illness, Accidental death, Disability
• Option for lump sum payout or monthly income to nominees
Formula Used
Term Insurance Premium = (Sum Assured × Base Rate × Age Factor × Gender Factor × Policy Term Factor × Health Risk Factor)
Based on actuarial tables where:
• Base Rate: Varies by insurer (typically 0.05% to 0.2% of sum assured)
• Age Factor: Increases with age
• Gender Factor: Generally higher for males
• Policy Term Factor: Longer terms have higher factors
• Health Risk Factor: Depends on medical history and lifestyle
Life Insurance Needs Calculator
Calculate how much life insurance coverage you need based on your financial situation.
Results
Total Needs
₹1,55,00,000
Total Available Resources
₹35,00,000
Recommended Coverage
₹1,20,00,000
Coverage Multiple (of Annual Income)
10x
Formula Used
Sum Assured = (Annual Expense × No. of Years) + Liabilities + Education Fund – Existing Assets – Existing Coverage
This formula accounts for:
• Family's income replacement needs
• Outstanding debts and liabilities
• Future education expenses for children
• Existing insurance coverage and assets
Health Insurance Premium Calculator
Calculate your health insurance premium based on your age, coverage, and other factors.
Results
Base Premium
Loading for Age
₹1,250
Family Floater Discount
-₹2,000
Annual Premium
₹15,000
Monthly Premium
₹1,250
Health Insurance Benefits
• Cashless treatment at network hospitals
• Coverage for hospitalization expenses
• Tax benefits under Section 80D (up to ₹25,000 for self & family, additional ₹25,000 for parents)
• No Claim Bonus for claim-free years
• Pre and post hospitalization expense coverage
Formula Used
Health Insurance Premium = Base Premium + Age Loading + Medical History Loading - Discounts
Where:
• Base Premium: Depends on sum insured, city tier, and family composition
• Age Loading: Increases with age of the eldest member
• Medical History Loading: Additional premium for pre-existing conditions
• Discounts: Family floater discount, online purchase discount, etc.
Motor Insurance Premium Calculator
Calculate premium for your vehicle insurance based on vehicle type and value.
Results
Own Damage Premium
Third Party Premium
Add-on Cost
₹1,500
NCB Discount
-₹3,600
Total Premium
Formula Used
Motor Insurance Premium = (IDV × Rate + Add-ons – NCB) + Third Party Premium
Where:
• IDV (Insured Declared Value): Current market value of vehicle
• Rate: Percentage of IDV based on vehicle age and type
• Add-ons: Additional coverage options selected
• NCB (No Claim Bonus): Discount for claim-free years
• Third Party Premium: Fixed by IRDAI based on vehicle type and engine capacity
Travel Insurance Calculator
Calculate premium for your travel insurance based on destination, duration, age and coverage.
Results
Base Premium
Destination Loading
₹700
Age Loading
₹0
Multi-Traveler Discount
-₹200
Total Premium
Per Person
₹1,300
Travel Insurance Benefits
• Medical expenses and hospitalization abroad
• Loss of checked-in baggage
• Trip cancellation and delay
• Passport loss
• Personal accident coverage
• Emergency evacuation and repatriation
Formula Used
Travel Insurance Premium = Base Rate × Duration Factor × Age Factor × Destination Factor × Coverage Factor × Trip Type Factor
Where factors are influenced by:
• Destination: Higher premium for USA/Canada, lower for Asian countries
• Duration: Longer trips have higher premiums
• Age: Higher premiums for senior travelers
• Coverage: Higher sum insured means higher premium
• Trip Type: Annual multi-trip policies have higher initial cost but better value for frequent travelers
ULIP Return Calculator
Calculate potential returns from Unit Linked Insurance Plans (ULIPs).
Results
Total Investment
₹15,00,000
Total Charges
₹3,16,500
Maturity Amount
₹25,46,624
Effective Annual Return
8.65%
Death Benefit
₹25,46,624
Formula Used
ULIP Returns = Units held × Latest NAV
The calculation accounts for:
• Annual Premium (adjusted by allocation charges)
• Number of units purchased each year
• NAV growth based on expected return rate
• Impact of fund management charges
• Mortality charges and administration fees
Note: ULIP returns are subject to market risks and actual returns may vary from estimated values. This calculator provides an approximate estimate based on constant growth rate assumption.
Child Education Insurance Calculator
Calculate the future education corpus needed and insurance coverage for your child's education.
Results
Future Education Cost
₹27,90,847
Years to Accumulate
13 years
Monthly SIP Required
₹8,512
Total Investment
₹13,29,840
Wealth Gained
₹14,61,007
Recommended Insurance Cover
₹30,00,000
Child Education Planning Benefits
• Systematic savings for future education needs
• Life insurance cover for parent/guardian
• Waiver of premium benefit if parent is unable to pay
• Tax benefits under Section 80C
• Option for partial withdrawals at key education milestones
Formula Used
Future Education Cost = Current Cost × (1 + Inflation Rate)^Years
For SIP calculation:
Monthly SIP = Future Value / [((1 + r)^n - 1) / r × (1 + r)]
Where:
• r = Monthly rate of return (Annual rate/12)
• n = Total number of months
• Future Value = Future education cost calculated above
Recommended insurance cover typically includes the future education cost plus additional funds for living expenses.
