Written By: varun saxena

varun saxena

Term & Life Insurance

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.

|
Reviewed By: Priya Singh

Priya Singh

Health, Life & Term Insurance

Priya has been in the content writing industry for over 9 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.

Updated on Dec 02, 2024 3 min read

Himanshu Kumar

Term Insurance, Content Writer

Content Manager with heart, mind, and soul dedicated to creating impactful content that exceeds the market standard, delivers and reaches the readers conveniently. Besides producing high-ranking content, my focus lies in creating content that solves user queries and adds value.

Written By: Himanshu Kumar

Updated on Jan 15, 2025

Anchita Bhattacharyya

Term Insurance, Content Manager

Content Manager with heart, mind, and soul dedicated to creating impactful content that exceeds the market standard, delivers and reaches the readers conveniently. Besides producing high-ranking content, my focus lies in creating content that solves user queries and adds value.

Reviewed By: Anchita Bhattacharyya

15 min read

Written By: Rhishabh Garg

Rhishabh Garg Term Insurance Head

Rhishabh Garg is the Business Unit Head of Term Insurance at Policybazaar.com. He has over 10 years of experience and currently plays a crucial role in shaping the future of term insurance in the company. Rhishabh also has experience in customer services and crafts new strategies for organizational success, one of which is Policybazaar’s claim assistance program.

Reviewed By: Santosh Agrawal

Santosh AgrawalChief Business Officer

Santosh Agarwal is the Chief Business Officer of life Insurance at Policybazaar.com and has over a decade of experience in the insurance domain. She has helped shape Policybazaar's life insurance vertical and ensures the effective execution of the company's overall strategy. Santosh is also responsible for the Term Insurance for Women domain at Policybazaar.com and educates the masses about its importance and benefits.

Tata AIA Life Insurance Calculator

Tata AIA Life Insurance Calculator is an online free-to-access tool. It offers to calculate the premium amount of different plans. This tool helps potential policyholders estimate the premium amounts based on their details, such as:

• Age

• Income

• Desired sum assured

• Desired policy term

• Contact number

• Educational Qualification

• Smoking habits

How to use the Tata AIA life insurance premium calculator?

Step 1: Visit the official website of Tata AIA Life Insurance.

Step 2: Click the ’calculator’ option from the top menu.

Step 3: Choose the plan category for which you wish to calculate the premium.

Step 4: Enter your details, such as name, e-mail ID, and mobile number, and click the submit button.

Step 5: Enter your date of birth and lifestyle habits on the next page.

Step 6: On the last page, enter details such as annual income, educational qualifications, and occupation mode.

What are the benefits of using the Tata AIA life insurance premium calculator?

The life insurance premium calculator is an easy-to-use online tool that helps potential insurance buyers understand the cost of premiums and the factors that affect them.

Below are some advantages of using Tata AIA life insurance premium calculator:

Free tool:
The online life insurance calculator is a free tool that does not charge any cost. You can easily compare and access the premium cost before purchasing and see its additional benefits.

Convenient to use:
Tata AIA life insurance premium calculator, a readily accessible tool, is highly efficient and easy to use. It provides crucial details about your plan, which agents often overlook. The tool is available 24/7, ensuring convenience at all times.

A better comparison of plans:
You can also use the premium calculator tool to plan better and compare the various life insurance plans. Through this, you can make the right decision before purchasing.

What are the different factors that affect the rate of premiums?

1. Age: Age plays a significant role in calculating premium cost; generally, the lower the age, the lower the premium cost.

2. Gender: Females tend to pay lower premiums compared to males.

3. Smoking: If you are a smoker, then your premium amount will be slightly higher.

4. Lifestyle: A healthy lifestyle will help you pay less premium than an unhealthy lifestyle. 

5. Coverage amount: Your coverage amount will affect your premium cost; the higher it is, the higher the premium cost.

6. Medical history: If you have any medical history, then your premium amount will be higher.

7. Coverage type: The coverage type you choose, such as spouse cover or only for yourself, will affect your premium cost.

8. Occupation: The riskier the occupation the more higher will be premium cost.

9. Riders: Riders enhance protection, but simultaneously, they increase premium costs. So, choose your rider wisely.

10. Discounts: Some insurers offer 5 to 10% of online discounts, depending on plan to plan.

Need verbal support from a verified advisor? 

If you are still confused about calculating your life insurance premium cost or need any verbal support regarding the premium calculation. You can get in touch with Policyx.com. 

Below are the steps for getting in touch with Policyx.com

Step 1: Visit policyx.com

Step 2: Go to the life insurance section.

Step 3: Enter your details, such as Gender, age, and city, and click on proceed.

Step 4: Fill in your annual income and choose the right coverage according to your preference.

Step 5: Click submit.