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Term Insurance Calculator

Term Insurance Calculator: Calculate your term plan on the basis of age, gender and sum assured 25L, 50L, 75L and 1 Cr with HDFC Life online term plan calculator.<br>

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Term Insurance Calculator

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  1. Term Insurance Calculator

  2. Term Insurance Calculator A term insurance calculator is a free online tool that helps you determine the premium for your desired coverage and policy benefits. It evaluates key details such as age, gender, current income, marital status, health, and dependents to guide you in choosing a term insurance plan that matches your personal and financial objectives. Utilize HDFC Life's term plan calculator to strategically plan your term insurance.

  3. How does a Term Plan Calculator help you? A term plan calculator is a helpful tool that determines the necessary insurance coverage to protect your family in emergencies and to estimate the cost. It calculates the premium you'll need to pay based on critical factors such as your age, health, and lifestyle. This ensures that the coverage meets your family's financial needs while fitting your budget. Calculators calculate the premium for a term plan based on factors such as: Amount of Life Cover: The life cover from your insurer is the amount paid to your family or nominees if you pass away unexpectedly. It is advised that this cover be at least 10-15 times your yearly salary. Policy Term: The policy term is the period during which the insurance plan covers you. If you die during this time, the nominee will receive the life cover amount. Choose Add-ons: Adding riders to your term plan enhances financial protection and benefits, but requires an extra premium. Overall, term insurance plan offer assurance and protection for you and your family.

  4. What is a Term Insurance Plan? All of us want our families to be secure, even in our absence. A term insurance plan ensures protection to your family at affordable costs. It essentially provides an adequate life cover at relatively low premiums. The beneficiary of the policy is given the payout, in case of the death of the policyholder. The objective of buying term insurance is to take care of the financial needs of your family, in case of your demise. It also helps to pay off any liabilities like education loans, home loans, and so on. Some term insurance plans also cover critical illnesses.

  5. Thank You

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