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Term Insurance Calculator Benefits

July 13, 2022

Life is full of surprises at every juncture. Hence, securing it with the best insurance plans is not just pertinent but also requires a thorough analysis of what will suit us, how and why. With an array of insurance plans available for our benefit, a term insurance plans comes to the rescue in times when you are in dire need of an insurance however, are unsure how to go about it.

While in order to decide what premium you need to opt for, or how to calculate your premium, you can either seek the help of a financial advisor or use a term plan calculator that solves your purpose. Here are three reasons to opt for a term plan:

1. Choose the right policy:Term life insurance calculator

makes you calculate the exact cover you need and also the total amount of premium you may have to pay. Apart from selecting the apt cover, it also helps you understand the cover duration. Some calculators also link up with policy aggregators. Thus, they help you find and choose the right policy as per your requirements.

2. Comparison of plans becomes easier:

While selecting a term plan, it is always a good idea to compare the plans of other providers. And, what better than a term plan calculator that helps you do that with ease. From premium rates, policies, to the covers, you can easily opt the right insurance cover that is eligible for you and fits your requirements.

3. Cost saving:

Using a term insurance calculator not just helps you save cost but tap the best deal. With the help of an online Term Insurance Calculator, you can select the best deal. Further, it helps you save the cost on an insurance agent. Thereby helping you gauge the best deal on your own.
A term insurance is an affordable insurance plan that provides full protection and financial stability to your loved ones in case of any unforeseen events. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary. A term insurance plan by HDFC Life provides you with the advantage of large life insurance cover for an affordable premium. A term insurance provides the highest life insurance coverage for the lowest premiums during the period of the plan. In your absence, not only does your family remains financially independent, but also is able to fulfill its future needs like a young child's higher education.


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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.