Life Goals Loading…

12 Blue cross


  • Be Reborn as a Superstar After Retirement

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

  • Here's a Comprehensive Tool To Plan Your Child's Future

  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

  • Get Life Cover worth Rs.1 Crore at Rs.21 per day2 – Bajaj Allianz Life Smart Protect Goal

  • Life Insurance Term Plan with Return Of Premium

  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

  • Paying your Renewal Premium is Quick and Easy!

  • Know the right amount of Insurance you need in just a few steps!

  • Avail Term Insurance Tax Benefits under Section 80D

  • Know how to invest money during the covid-19 pandemic!


Thanks for sharing your details, A Sales representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

Have Us Call You

Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business


Please refer to BALIC Privacy Policy

Term Insurance Premium Calculator – Know Everything About It

Term insurance plan premium calculator

Term Insurance Premium Calculator – Know Everything About It


October 15, 2019

By : Bajaj Allianz Life

Selecting the right type of term policy is an easy process. However, the availability of numerous options makes it tricky to pick the appropriate plan. The purchase decision is made simpler with the introduction of a term insurance premium calculator that helps you understand the right coverage. Using a term insurance premium calculator ensures the right choice of policy based on customer needs.

Before making use of a term insurance premium calculator, the investor must understand the basics about the workings of this calculator. To know how it works, let’s begin by figuring out what is a term insurance premium calculator.

What is the term insurance premium calculator?

Before investing in any policy, it is helpful to compare and analyze to understand the difference between the product offerings. Moreover, comparing enables the investors to know which plan suits their needs and budget. A premium calculator is a tool that not only helps to determine the premium but also facilitates easy comparison. With term insurance premium calculators, one can find out, what premiums they would have to pay in comparison to multiple term plans available in the market.

For faster comparisons, investors prefer the term insurance premium calculator before opting for a term policy. Go through the benefits of the term insurance premium calculator mentioned below:

What are the benefits of the term insurance premium calculator?

1. It is a time-saving process

Using a term insurance premium calculator doesn’t take an ample amount of time and effort. It saves your time by hardly using only 5-10 minutes of your time. All you have to do is follow the right steps and you’re done in no time.

2. It provides an estimated premium amount

While using a tem insurance premium calculator, a policyholder must fill in the relevant details. It asks for your personal information like gender, date of birth, and preferred coverage amount. Once you’ve submitted these details, you’ll obtain an estimated premium amount for your term policy on the calculator.

3. It is a cost-effective solution

Term insurance premium calculator is an online tool which provides you with an estimated premium amount. Using an online term insurance premium calculator is a convenient solution. A policyholder doesn’t have to visit a physical branch to know his premium amount. With a term insurance premium calculator, you can easily garner your premium amount in one click.

The working of the term insurance premium calculator is simple. The operation of the term insurance premium calculator depends on the following steps mentioned below:

How to operate a term insurance premium calculator?

1. Fill accurate data

The first step for using term insurance premium calculator is entering correct details. Therefore, fill your date of birth, gender, marital status, annual income, and so on. The calculator might also want you to submit the details regarding your smoking habits.

2. Enter the sum assured value

Keeping the needs of your families in mind, the investor must enter the sum assured value. Confirm the amount with your family and only then proceed further. A policyholder can opt for either a lump-sum amount or monthly payment.

3. Purchase the term policy

After you have submitted all the relevant details of the policy, you receive the premium amount. Before opting for a term policy, consider your family’s needs. Additionally, see to it that the premium amount suits your budget. Once you’ve evaluated your budget, buy a term policy to safeguard the needs of your loved ones.

To sum up, a term insurance premium calculator accurately determines the term insurance premium. The judicious use of a premium calculator ensures a hassle-free and quick comparison.

Bajaj Allianz Life Videos

Video Icon

Superstar After Retirement | Bajaj Allianz Life Guaranteed Pension Goal

Contact Us

Bajaj Allianz Life Insurance Company Ltd.

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

Tel No: 020-66026773

Fax No: 020-66026789

Branch Visit Timings:

Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

Customer Care Helpline:


Monday to Sunday: 9:00 AM to 7:00 PM (IST)

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:


Monday to Saturday: 9:00 AM to 7:00 PM (IST)

For NRI: +91 20 67688888 (Call charges apply)

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

Find Us Online

33% Discount is available for regular premium and limited premium payment frequency under all variants of Bajaj Allianz Life Smart Protect Goal - A Non Linked, Non-Participating, Pure Life Term Insurance Plan

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.