How To Calculate Life Insurance Premium?
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Table of Contents
What is Life Insurance Premium?
Factors Influencing Life Insurance Premium Calculation
Utilising Life Insurance Premium Calculators
Life Insurance Premium Calculation Formula
Conclusion
About Author
FAQs on Life Insurance Premium Calculation
for Salaried Individuals¹
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Disclaimer
Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
ADV/9/23-24/1889
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