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Updated on Apr 08, 2025 4 min read
What is the HDFC Term Insurance Calculator?
HDFC Term Insurance Premium Calculator is a specially built tool that helps you determine the estimated amount of premium to be paid to keep the policy active.
With the help of the HDFC term plan calculator, policyholders can make an informed decision and choose the plan that provides the maximum coverage at the lowest prices.
To make sure that you don’t face any financial hardship with your insurance policy in the future, it is important that you carefully consider your premium amount at the time of selecting a term plan. Buying a term policy with expensive premiums that you can not afford can make it difficult for you to pay the premiums regularly.
A premium calculator helps you to have a look at the premiums of all the plans at once and then decide the one that fits your pocket. It is essential to use a calculator as it can be an excellent way to compare plans and understand if their coverage fits their cost.
What Information is Required by the HDFC Premium Calculator to Calculate Premiums?
To calculate your premiums using HDFC Term Plan Calculator you have to provide the following details:
Policyholder’s Age
Policyholder’s Income
Smoking Habits
Educational Qualifications
policyholder’s Gender
Sum Assured of Your Choice
Policy Tenure
How to Use HDFC Term Insurance Premium Calculator?
Using an HDFC Term Life Insurance Calculator is an easy task. You have to just follow some simple steps to use an HDFC Term Insurance Calculator.
Enter your age, income, city, and other required details.
Step 3:
Select the sum assured amount, policy tenure, and riders (if needed).
Step 4:
Within a few minutes, the calculator will display premium details of different term plans offered by term insurance companies.
Step 5:
You can compare different plans and choose the right one based on your financial needs.
What are the Benefits of Using the HDFC Term Insurance Premium Calculator
There are various benefits to using an HDFC Life Insurance Policy Calculator:
Comparison made easier Insurance companies sell a variety of term plans to cater to the demands of various customers. Using an HDFC Term insurance plan premium calculator simplifies the process by allowing consumers to compare the features, costs, and coverage of several term plans and make an informed selection.
No overspending Because no broker is involved, buying HDFC term plans online is less expensive than buying them offline. In addition, having all the plans and their premiums in one place makes it easier to understand which plan is cost-effective.
Add riders and add-ons easilyJust like having all plans at once, premium calculators display all the add-ons and riders available at one place making it easier for you to check which benefits you can buy and which riders are available to add to your policy.
Better Financial PlanningHDFC term insurance plan premium calculator also aids in financial planning by estimating the amount of premium to be paid immediately. Once you know how much you’ll have to pay in premiums regularly, you can organize your budget appropriately.
AccuracyHDFC Term Life Insurance Premium Calculator is a well-designed tool that is known and established for its accuracy. The details that you fill in are used to provide you with accurately estimated information that can be relied upon without any doubts.
Term Insurance Premium Rates
It helps you evaluate the cost of the term insurance policy and make an informed decision regarding your coverage. Here are the points explaining the factors that govern term insurance premium rates:
Expenses The term expenses means the net premium + loading amount. This includes all the operation costs of the insurance company.
Rate of Mortality It is data in which the insurance company estimates the death within the specific bracket of insured individuals. The company checks the statics and actuarial tables and then determines the risk, and then sets the premium rates.
AgeThis criteria plays a significant role in determining the premium rates, for example, a younger person has to pay a lesser premium compared to an older person because the risk is much less.
Health ConditionInsurance companies may ask for medical examinations to assess the health risk, and individuals with pre-existing conditions will have to pay a higher premium.
Lifestyle ChoicesSmoking, and engaging in hazardous activities increase the level of risk, this may result in paying higher premiums
Coverage AmountIt is a very important factor, as the insurer has to pay a higher premium if he goes for a higher coverage amount and vice versa.
Policy TermThe duration of the premium rates as longer policy terms often result in higher premiums since the risk exposure extends over a longer period. This factor impacts the premium rates as, the longer the duration of the policy, the higher the premium.
GenderLife expectancy differs between males and females, and this influences the premium rates. It is said that women live longer than males, at this point the premium rates may differ
Wrapping it up:
Calculating your HDFC Term insurance premium using the HDFC Life Term plan calculator can be helpful as you will know the amount you need to pay, and can plan and be prepared well in advance.
If you still require any assistance regarding your term insurance premiums you can contact us at PolicyX.com or call us at 1800-420-0269.
Explore other HDFC Term Insurance
HDFC Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with HDFC Term Insurance plans. Below is the list of term plans offered by HDFC Term.
HDFC Life Saral Jeevan Bima is a simple and no-frills, pure-risk best term insurance plan. This plan dispenses the nominee with a fixed amount after t...
Unique Features
Flexible premiums
Additional riders
Financial protection
HDFC Life Saral Jeevan Bima (Pros)
Discount on Higher Premiums
Policy Loan Available
No Interest on ROP Minors
HDFC Life Saral Jeevan Bima (Cons)
No Alterations Allowed
No Death Benefit on Income Payout
Advance premiums for monthly payment mode
HDFC Life Saral Jeevan Bima (Other
Benefits)
3 Rider Options Available
Premium Payment Flexibility
Tax Benefits on Premiums and Maturity
HDFC Life Saral Jeevan Bima (Eligibility
Criteria)
HDFC Life Click2 Protect Elite plan is the perfect term plan that is designed to protect your loved ones financially in case of your uncertain demise....
Unique Features
Smart Exit Benefit
Free-look period
Policy revival
HDFC Life Click 2 Protect Elite (Pros)
Death Benefit
Smart exit benefit
Tax benefits
HDFC Life Click 2 Protect Elite (Cons)
1 year WP for suicide
No policy loan
No pre-existing illness cover
HDFC Life Click 2 Protect Elite (Other
Benefits)
Free-look period cancellation
policy revival
Rider benefits
HDFC Life Click 2 Protect Elite (Eligibility
Criteria)
‘HDFC Life Sanchay Legacy, a comprehensive term plan offering early ROP benefits with increasing death cover.’ Most of your prime days are...
HDFC Life Click 2 Protect 3D Plus provides policyholders and their loved ones with comprehensive financial security. As the name suggests, this term i...
Unique Features
9 Plan Options
Whole life coverage
Rider benefits
HDFC Life Click 2 Protect 3D Plus (Pros)
Life Stage Protection
Premium Top-up Option
Protection Against 3Ds
HDFC Life Click 2 Protect 3D Plus (Cons)
1 Year WP for Suicide
No Policy Loans
Death Due to Adventure Sports
HDFC Life Click 2 Protect 3D Plus (Other
Benefits)
Choice of Plan Options
Lifelong Protection
Return of Premium Option
HDFC Life Click 2 Protect 3D Plus (Eligibility
Criteria)
HDFC Life Smart Term Edge is a comprehensive protection plan offering multiple options and features at reasonable premiums. The plan provides you with...
HDFC Life Smart Term Pro is a versatile term insurance plan designed to provide comprehensive life insurance coverage and financial security. This is ...
Unique Features
Enhanced Protection Through Riders
Return Of Premium
Surrender And Maturity Benefit
HDFC Life Smart Term Pro (Pros)
Death Benefit
Maturity Benefit
Death Benefit Payout Options Death Benefit Payout Options
HDFC Term with Return of Premium Plan offers comprehensive protection, which helps the insured secure their family with Zero-Cost Term insurance by th...
Unique Features
Death Benefit
Reduced Paid Up Benefit
Discount On Large Sum Assured
HDFC Term With Return Of Premium (Pros)
Premium Payment Options
Absolute Amount Assured Paid
Tax Benefits on Premiums and Maturity Benefit
HDFC Term With Return Of Premium (Cons)
No Discount on Limited Pay
No Riders Available
No Policy Loan
HDFC Term With Return Of Premium (Other
Benefits)
Guaranteed Surrender Value
Guaranteed Maturity Benefits
No Waiting Period on Accidental Death
HDFC Term With Return Of Premium (Eligibility
Criteria)
HDFC Life Quick Protect is a comprehensive term insurance plan that provides coverage against death, disease, and disability. The plan is highly custo...
HDFC Life Click 2 Protect Super is one of the top term insurance plan that offers high life cover at affordable premiums or multiple coverage options....
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.
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