Compare quotes and the Term Insurance Calculator in right way
Use the HDFC Life Term Insurance Calculator
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Start your journey with Ambainsurance by using the HDFC Life Term Insurance Calculator.
Easily calculate the ideal life cover for your needs—based on your age, income, financial goals, and family’s future requirements.
Get your personalized quote in under 2 minutes.
Switch to Ambainsurance and let HDFC Life help you plan your future with confidence using its simple and precise term insurance calculator.
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What is the Term Insurance Calculator?
A Term Insurance Calculator is an online tool designed to help you estimate the amount of term life insurance coverage you need. By inputting details such as your age, income, expenses, existing liabilities (like loans), and financial goals, the calculator provides a suggested coverage amount to financially protect your family in case of your untimely demise.
Key Points:
Purpose: Helps determine how much term insurance you should buy. Inputs: Age, income, dependents, existing debts, future expenses. Output: Recommended sum assured (coverage amount). Benefit: Makes buying the right amount of insurance easier and ensures your family is financially secure.
Using a term insurance calculator offers several advantages that help you make smarter financial decisions with ease and confidence.
What Are the Benefits of Using a Term Insurance Calculator?
Saves Time
The term insurance calculator at Amba Insurance allows you to quickly analyze various life insurance plans without manually crunching numbers. This efficient process saves you valuable time and effort, letting you focus on other important financial priorities.
Ease to Compare Plan Options
Our term plan premium calculator makes it simple to compare multiple insurance plans side by side. You can evaluate coverage amounts, premium costs, and policy durations to select the best plan tailored to your needs.
Premium Fits Your Budget or Not
By entering your financial details and desired coverage amount, the calculator helps you. For those seeking comprehensive family protection, exploring term insurance plans with coverage of ₹1 crore or more can secure your loved ones’ financial future.
Helps to Evaluate Sum Assured Amount
The Amba Insurance term insurance calculator assists in determining the ideal sum assured based on your income, expenses, and financial responsibilities. This guarantees that your family receives adequate financial security during unforeseen circumstances.
Available Online for Free
Amba Insurance offers a free, easy-to-use term insurance calculator accessible online anytime, anywhere. Explore various insurance options comfortably from home without any extra cost.
Helps in Making Informed Decisions
With detailed insights into policy features, coverage, and premium details, our term insurance calculator empowers you to make well-informed decisions. This minimizes the risk of selecting an unsuitable policy and ensures you get the best protection for your needs.
What are the best term insurance plans in India 2025?
Indentifying the best term insurance in India out of the various options available can be a challenging task. The easiest way to identify the best term insurance in India is to check for the claim settlement ratio of the insurer, brand trust of the insurer, affordability of the term insurance and ease of claim settlement process. Here are some options for one of the best term insurance plans in India:
| Term Plan | Benefits |
|---|---|
| Term Insurance | This policy offers financial security and protection to your dependents and beneficiaries at affordable premium rates, ensuring they’re supported if something happens to you. |
| Term Insurance with Critical Illness rider | This policy ensures your family’s financial security if you pass away unexpectedly. The lump sum payout can help cover your family’s financial needs and goals. Additionally, you can add a Critical Illness rider for extra protection against a range of serious illnesses, depending on the plan you select. |
| Term insurance with Return of Premium | This type of term insurance offers financial security to dependents at a low premium if the policyholder dies. If the policyholder outlives the policy term, all premiums paid are returned. |
| Term Insurance with Waiver of Premium Waiver | Under this plan, all future premiums are waivered in case there is a covered dismemberment or a critical illness diagnosis. Such a plan eases the stress of financial security in the face of unexpected situations and health concerns. |
| Term Insurance with Accidental Disability & Death Cover | In case you avail additional financial protection in form of accidental disability and death cover along with your base term life insurance, your nominee will receive the additional cover in case of your death due to accident |
| Term Insurance with Monthly Income | This insurance plan features payout in the form of monthly income to help ensure a regular inflow of money besides the lump sum received as a death benefit. |
| Increasing sum assured plan | In this plan, the sum assured increases by a certain percentage, typically capped to a multiple of the original sum assured. The premiums are higher than a level plan as the benefit amount increases with each passing year. |
| Whole life insurance | It is a type of term insurance that does not have a definite policy term and the policy terminates on death of the life assured or provides coverage at least up to attainment of age 80 years if all premiums are paid as per the premium paying term. |
What Happens When You Don’t Use a Term Insurance Calculator?
Skipping the use of a term insurance calculator can lead to selecting a plan that either doesn’t fully protect your family financially or strains your budget unnecessarily. At Amba Insurance, we recommend using our calculator to get an accurate estimate of the coverage and premium that best fits your needs.
