Filling the information in the life insurance premium calculator and getting the premium quotes of the policies is a simple and hassle-free process. One just needs to follow these three simple steps in order to calculate the premium of the policy with the help of a premium calculator:

Step 1- Enter personal information like date of birth, marital status, gender, annual income, life cover, number of dependents, etc. The customers may also be required to mention their smoking habits.

Steps 2- Once the policy buyer has entered their personal information, he/she will have to enter the amount of sum assured they want and for how many years. Moreover, the customer will also have to mention how they would like their family to receive the benefits i.e. in a lump-sum or as a monthly income.

Step 3- In the final step, the premium calculator will display some relevant plans as per the details filled by the customers. The insurance seekers can compare plans and choose the most beneficial plan according to their suitability.