A term insurance premium calculator is a tool that helps calculate your premium. It is a free-of-cost tool that is easily available online and enables you to get a better idea about how much you have to pay to receive the required sum assured. Through this assessment, you can plan your financial budget in a better way. You can also verify which term plan will suit you and whether the life cover you want will be enough for your family or not.
For Term Insurance calculation, you need to provide various details like your age, gender, date of birth, policy term, and required sum assured based on which the premium to be paid by you is calculated. Term insurance calculator is easily available on every insurance website. You can visit the IIFL Insurance website to use the term insurance calculator.