Is this the official ICICI Prudential calculator?

No. This calculator is independent and not affiliated with ICICI Prudential Life Insurance. Use the insurer's official quote tool for binding figures.

Why does the premium depend on policy term?

Longer terms cover more years of mortality risk, so insurers apply a small term loading. The trade-off is that longer cover protects you for longer.

Does this estimate include riders or GST?

No. Riders such as accidental death, critical illness or waiver of premium, and 18% GST on premium, are excluded.

ICICI Prudential Calculator

Independent ICICI Prudential-style life-insurance premium estimator with annual and monthly projections.

Result

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Formula

annualPremium ≈ (coverage ÷ 1000) × baseRate × ageFactor(age) × termFactor(term)

How it works

A free, independent tool that estimates ICICI-Prudential-style life-insurance premiums (annual and monthly) from age, sum assured and policy term using editable assumption settings.

Example

Example: A 35-year-old buying ₹1 crore cover for 30 years receives an indicative annual premium that scales with the 1.25 age factor and slightly higher term factor.

Frequently Asked Questions

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Disclaimer: This calculator is an independent estimation tool and is not affiliated with, endorsed by, or operated by the respective company. Actual premiums, returns, bonuses, benefits, and policy features may vary. Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice.