Term insurance quotes: what ₹1 crore of cover costs at your age
A 30-year-old non-smoking man pays ₹8,856 to ₹10,440 a year for ₹1 crore of cover to age 60, across the five plans we rate. A woman the same age pays ₹7,536 to ₹8,880. These are real premiums from our own data, collected in May 2026.
How much does ₹1 crore of term insurance cost?
Here is the whole table, for non-smokers buying ₹1 crore of cover to age 60. The monthly column is the median, the middle of the five plans, and annual is twelve times that. The “Across the five plans” column shows the cheapest and the dearest of the five at that age.
| Entry age | Monthly (median) | Annual | Across the five plans | Total paid till 60 |
|---|---|---|---|---|
| 25 | ₹719 | ₹8,628 | ₹669–₹763/month | ₹3,01,980 |
| 30 | ₹794 | ₹9,528 | ₹738–₹870/month | ₹2,85,840 |
| 35 | ₹990 | ₹11,880 | ₹902–₹1,070/month | ₹2,97,000 |
| 40 | ₹1,321 | ₹15,852 | ₹1,229–₹1,437/month | ₹3,17,040 |
| 45 | ₹1,834 | ₹22,008 | ₹1,761–₹2,053/month | ₹3,30,120 |
| Entry age | Monthly (median) | Annual | Across the five plans | Total paid till 60 |
|---|---|---|---|---|
| 25 | ₹611 | ₹7,332 | ₹568–₹649/month | ₹2,56,620 |
| 30 | ₹675 | ₹8,100 | ₹628–₹740/month | ₹2,43,000 |
| 35 | ₹842 | ₹10,104 | ₹767–₹910/month | ₹2,52,600 |
| 40 | ₹1,123 | ₹13,476 | ₹1,044–₹1,222/month | ₹2,69,520 |
| 45 | ₹1,559 | ₹18,708 | ₹1,497–₹1,745/month | ₹2,80,620 |
The five plans are Bajaj eTouch II, Tata AIA Sampoorna Raksha Promise, Axis Max Life Smart Term Plan Plus, ICICI Pru iProtect Smart Plus and HDFC Life Click 2 Protect Supreme Plus. Basis: ₹1 crore cover, cover till 60, regular pay, non-smoker and non-diabetic, salaried graduate on ₹10 lakh income. nyvo's own premium data, May 2026. Annual is twelve times the monthly median, and the total assumes that premium is paid every year to 60.
That is everything we publish, and we'd rather say so than guess. If you smoke or chew tobacco, want more or less than ₹1 crore, want cover past 60, or are younger than 25 or older than 45, none of these numbers is yours. You need a quote on your own details.
There is no tax to add on top: individual life insurance has carried no GST since 22 September 2025. The insurer can still change the premium after it underwrites you. Our comparison of every term plan we've read covers the plans outside these five.
What changes your term insurance quote?
Age, cover and tobacco set the base rate. The rest is the shape of the cover you ask for, and what the insurer finds when it underwrites you. Apart from age, which the table above measures, we hold no figures for these, so this says which way each one moves your premium, not by how much.
| What you choose or declare | What it does to your quote | Read more |
|---|---|---|
| Your age when you buy | On the median plan in our premium data (May 2026), each year you wait adds about 2% in your late twenties, 4.5% to 6% in your thirties and about 7% between 40 and 45. Whatever you start at stays fixed for the whole term. | ₹1 crore premiums by age |
| Tobacco | Smokers and tobacco users are priced on a separate, higher rate. Chewing tobacco, bidi and vaping count as well as cigarettes. | Smoker vs non-smoker rates |
| How much cover | The premium doesn't move in a straight line with the cover, so half of ₹1 crore isn't half the price. Get the quote at the cover your family needs. | How much cover you need |
| How long the cover runs | Cover past 60 costs more every year, and on regular pay you also pay it for more years. | Choosing the cover-till age |
| Riders | Each rider carries its own premium on top of the base cover. | Term insurance riders |
| Medicals and income proof | The insurer can ask for proof of income to decide how much cover you can carry, and your medical results can bring a higher premium, a postponement or a decline. | Buying without an ITR |
Is an online quote the price you'll pay?
No. An online quote prices the answers you typed in. The insurer settles the real premium after it underwrites you: it reads your proposal form, can ask for income details with proof and a medical where the plan needs one, and can come back with a higher premium, a postponement or a decline.
So treat any quote as a starting point, and never shade an answer to get a lower one. In the policy's first three years a wrong answer on the form lets the insurer question the policy and refuse the claim (Section 45 of the Insurance Act, 1938).
How do you get a quote for your own age and health?
Book a free 30-minute call. An advisor asks what the insurer will ask: your age, the cover and the cover-till age you want, tobacco, health and income. Then they work out your quotes across plans on the call, and tell you which documents the insurer is likely to want. If you haven't settled on a cover amount yet, try our term insurance calculator first. You're under no obligation to buy.
The insurer has 15 days to pay
IRDAI requires the insurer to settle a death claim within 15 days of intimation, or 45 days where it investigates (Master Circular on Protection of Policyholders' Interests, 5 September 2024). nyvo helps your nominee with the claim form and documents, and follows up with the insurer, the ombudsman or IRDAI if anything is delayed.
Questions people ask about term insurance quotes
How much does ₹1 crore term insurance cost at 30?
Are online term insurance quotes final?
Why do women pay less for term insurance?
Is there GST on term insurance?
Do smokers pay more for term insurance?
Is a life insurance quotation the same as a term insurance quote?
nyvo is an IRDAI-registered corporate agent (composite), licence number CA1085. Booking a call places you under no obligation to purchase.