Budget Planning Tool
Indicative Insurance Premium Estimator
Get indicative premium estimates for planning your annual financial budget across Term Life, Health Floater, and Motor policies prior to underwriting.
Select Policy Category & Applicant Age
Select the insurance product to check standard market premium brackets.
Indicative Annual Premium Range
₹0
* Indicative estimation. Final premium depends strictly on insurer underwriting rules, medical test results, and optional riders.
Request Indicative Quotes from Panel Insurers
Speak with a Qualified Insurance Sales Person (ISP) from RakshaPoint IMF to receive official indicative premium quotes tailored to your age and health profile.
Educational Calculation Methodology
Educational Planning Tool
Calculations are based on user-provided assumptions and are intended for educational estimation.
How Underwriting Determines Your Final Premium
Insurance companies do not charge arbitrary premiums. They evaluate mortality risk and morbidity tables to price risk accurately:
1. Age at Entry
Buying at age 25 costs half as much as buying at age 40. Once locked, term insurance premiums stay fixed for life.
2. Tobacco & Smoking Status
Tobacco consumers (cigarettes, beedis, gutkha, nicotine vapes) pay 40% to 70% higher term premiums due to elevated cardiovascular risk.
Frequently Asked Questions
Insurance premiums are determined by insurers based on entry age, tobacco/smoking habits, Body Mass Index (BMI), medical history, chosen sum insured, and policy tenure.
Initial online quotes assume standard health. If tele-medical or blood test results show elevated blood sugar, hypertension, or high cholesterol, underwriters apply a medical loading (e.g. 10% to 25% extra premium) to cover the higher risk.
No. In level term life insurance, the annual premium is permanently locked at the age of entry for the entire policy tenure (e.g. 30 to 40 years) and never increases.
Under Government of India guidelines (effective 22 September 2025), all individual life insurance policies (including term, traditional endowment, savings, money-back, and ULIPs) and individual health insurance policies are exempt from GST (0% GST). Group life/health, motor, and commercial general insurance policies attract 18% GST.