Insurance Premium Calculator
Estimate your life insurance premium based on coverage needs and personal details.
Calculate Insurance Premium
Estimated Premium
Note: This is an estimate. Actual premiums vary by insurance company and your health status.
Understanding insurance premiums
Premium is the amount you pay for insurance coverage. It depends on age, health, coverage amount, and policy type.
• Age (older = higher premium)
• Gender (women typically pay less)
• Smoking status (smokers pay 30-50% more)
• Health conditions
• Coverage amount
• Policy term
• Type of policy
Rule of thumb: Get coverage worth 10-15 times your annual income
FAQs
How much life insurance do I need?
General rule: 10-15 times your annual income. Consider debts, family expenses, and future goals like children's education.
What's the difference between term and endowment?
Term: Pure protection, cheaper, no maturity benefit. Endowment: Protection + savings, expensive, get money back at maturity.
Can I get insurance if I have health issues?
Yes, but premium may be higher. Disclose all health conditions honestly to avoid claim rejection.
Is life insurance premium tax-deductible?
Yes! Life insurance premiums are tax-deductible in Nepal up to 33.33% of income or NPR 5 lakh limit.
Should I buy insurance from agent or online?
Both work. Agents provide guidance but may push expensive policies. Online is cheaper but requires self-research.