How to Get a Life Insurance Quotation Online

Getting a life insurance quotation online is quick and easy. Here’s how you can compare policies and find the best coverage for your needs:

Steps to Get a Life Insurance Quote Online:

1. Visit Insurance Providers’ Websites
   • Many insurers offer free online quote tools (e.g., Policybazaar, TermLife, LIC, HDFC Life, ICICI Pru, Max Life).
   • Alternatively, use aggregator websites like Policybazaar or Coverfox to compare multiple insurers.
2. Enter Basic Details
   • Age, Gender, Smoking Habits
   • Sum Assured (Coverage amount, e.g., ₹50 lakhs, ₹1 crore)
   • Policy Term (e.g., 10, 20, or 30 years)
   • Type of Policy (Term insurance, endowment, ULIP, whole life)
3. Compare Quotes
   • Premiums vary based on age, health, lifestyle, and insurer.
   • Check claim settlement ratio (e.g., LIC: ~98%, HDFC Life: ~99%).
4. Customize Your Plan
   • Add riders (critical illness, accidental death benefit).
   • Choose between regular pay or single premium.
5. Apply Online
   • Fill in health & lifestyle details.
   • Undergo medical tests (if required).
   • Pay the premium & get your policy digitally.

Factors Affecting Your Premium:

✅ Age (Younger = Lower premium)
✅ Health (No pre-existing conditions = Better rates)
✅ Smoking/Tobacco Use (Higher premiums)
✅ Occupation (Risky jobs may cost more)
✅ Policy Term & Coverage Amount

Top Insurers in India (2024):

Best for Online Purchase:

• Term Insurance: Term plans (e.g., LIC Tech Term, HDFC Click 2 Protect) are cheapest.
• Investment-Linked: ULIPs/Endowment (e.g., ICICI Pru Wealth, Tata AIA Sampoorn Raksha).