Insurance Premium Calculator
Calculate your life insurance premium based on personal factors and coverage needs
How to Use This Calculator
Enter Personal Information
Input your age, gender, and smoking status. These factors significantly impact premium calculations as they affect life expectancy and health risks.
Specify Coverage Details
Enter your desired coverage amount and term length. Higher coverage amounts and longer terms will affect your premium costs.
Select Health and Occupation
Choose your current health status and occupation type. These factors help determine your risk profile and premium rates.
Review Premium Breakdown
Examine the calculated monthly and annual premiums, along with the risk factor breakdown that shows how each element affects your rate.
Insurance Tips
Buy life insurance while you're young and healthy to lock in lower premiums for term policies.
Consider your family's financial needs when determining coverage amount - typically 10-15 times your annual income.
Non-smokers pay significantly lower premiums - quitting smoking can reduce rates after 12 months.
Annual premium payments often cost less than monthly payments due to reduced administrative fees.
Term life insurance is typically more affordable than whole life insurance for pure protection needs.
Regular health checkups and maintaining good health can help you qualify for better premium rates.