Is this the official SBI Life premium calculator?

No. This is an independent estimation tool not affiliated with SBI Life Insurance. Use the insurer's official quote tool for binding figures.

Why does premium rise with age?

Mortality risk rises with age, so insurers apply higher rate factors to older entrants. Buying earlier locks a lower rate for the full term.

Does the estimate include GST and riders?

No. GST on premium and rider charges (accident, critical illness, etc.) are excluded — add them separately for a like-for-like comparison.

SBI Life Premium Calculator

Independent SBI Life-style premium estimator with annual and monthly premium projections.

Result

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Formula

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

How it works

A free, independent tool that estimates SBI-Life-style annual and monthly premiums based on age, sum assured and policy term. Rate assumptions are editable and not tied to any specific plan.

Example

Example: A 30-year-old buying ₹1,00,00,000 cover for 25 years sees an indicative annual premium near base × 1.0 age factor × ~1.03 term factor — useful as a sanity check against a formal quote.

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.