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70 Lakh term insurance is a term insurance plan that offers a life cover of 70 Lakhs in the event of the policyholder’s death during the policy term. This large life cover can provide the required protection for your family and ensure they live a financially stable life in your absence. The 70 lakh term insurance calculator can help you calculate the premiums you must pay for the desired term plan.
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A 70 lakh term insurance calculator is an online tool designed to help you estimate the premium for a term insurance policy with a coverage amount of 70 lakhs. The calculator provides an accurate premium estimate by inputting certain personal and policy-related details. This aids in financial planning and ensures you choose a policy that fits your budget and coverage requirements.
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Here is how a 70 lakh term insurance calculator works:
Fill in the Required Details: Enter your age, gender, and smoking habits, and then select the cover till age, and the required sum assured as 70 Lakhs
Check the Premiums: The applicable premiums for your profile will be displayed on the screen, and you can click on the ‘Check your Premiums’ button to see the available plans
Compare the Plans: You can simply check and compare the available plans for your profile side by side and choose the one that fits your needs.
Accurate Results: No matter how many times you use the 70 lakh term life insurance the premiums displayed will be accurate to your profile.
Time-Efficient: Instantly get premium quotes without the need to calculate the applicable premiums manually.
Customisation: Adjust coverage amounts, policy terms, and other variables to see how changes impact your premium.
Convenience: You can easily use the 70 lakh term insurance calculator anytime, anywhere, from the comfort of your home.
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Provide Accurate Information: Ensure the details you enter are accurate to get the most precise premium estimate.
Compare Multiple Plans: Use the 70 lakh term insurance calculator to compare different policies and choose the one that offers the value for your money.
Consider Future Needs: Think about future financial needs and select a policy term and coverage amount that will provide adequate protection for your family.
Review Policy Features: Beyond premiums, review the features and benefits of each policy to ensure it meets your needs.
A 70 lakh term insurance policy is a significant step towards securing your family's financial future. Utilising a 70 lakh term insurance calculator simplifies determining the right premium, allowing you to make informed and confident decisions. By providing accurate estimates and easy comparison of different plans, this tool ensures you choose the policy to meet your needs and budget. Take advantage of the 70 lakh term insurance calculator to plan wisely, ensuring your and your loved ones' peace of mind and financial security.
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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