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Things To Know Before Using A Term Life Insurance Premium Calculator

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Life Insurance

While sophisticated financial data is required to define how much premium an individual must pay for any insurance plan, there are tools that can help decide how much sum assured he should choose. This simple financial tool can help an individual in the financial planning process by assisting them in determining in what tenure his financial needs will be covered.

Insurance premium calculator helps detect the premium that is to be paid for complete life coverage of an insurance plan. This tool is often referred to as a term insurance premium calculator. Such calculators make the process easier.

Term Insurance

Term insurance scheme premiums are determined by a number of factors. Some are uncontrollable, while others can be handled by simply altering one’s lifestyle and taking cautious action. Online term insurance premium calculators can also assist an individual in estimating the premium due based on the policy characteristics an individual chooses.

Life Insurance

Factors affecting an individual’s term insurance premiums are:

  1. Age

The most crucial element determining an individual’s term insurance premiums is his age. When someone is young, the cost is minimal. The sooner an individual term plan begins, the better amount he gets. At a younger age, he has to pay less. This is because a youthful person is less likely to become unwell, have a life-threatening illness, than an elderly one. One can make use of a life insurance premium calculatorto detect this.

  1. Gender

Another aspect of a term policy’s premiums is gender. Women have a longer life expectancy than men, according to studies. As a result, insurance companies charge women lower premiums than men. In addition, many companies offer different policies and health plans for women.

  1. Previous Medical History

An individual’s past might have a huge impact on insurance premiums. He must pay higher rates if he has serious illnesses. His risk of disease is increased if he has a family history of the disease. In that case, he will have to pay higher fees.

  1. Occupation

Occupation affects policy premium as well. For example, several high-risk professions, such as mining, oil fields, and fishing, command a higher premium. A term insurance premium calculator will help an individual figure out how much their premium bonds will cost. Depending upon the occupation, one can also decide in which types of life insurance to invest.

  1. Lifestyle Habits

Smoking and drinking are also linked to a higher insurance premium. Smokers pay twice as much as Non-smokers. If an individual consumes a lot of alcohol, his premiums will be higher. Smoking has been known to cause diseases and has been a consideration in determining the premium by life insurance companies. For a single life policy, a smoker pays a higher premium than a non-smoker.

Life Insurance
  1. Weight And Other Health-Related Factors

Many health problems may increase risks. If an individual is not healthy or has additional health problems, he will have to pay higher insurance premiums.

Term insurance is life insurance in its most basic and purest form. It ensures the most cost-effective financial security for an individual’s family. For a relatively low premium, a long life span is provided with a better sum assured. The benefit amount is paid to the nominee in the case the insured person is no more.

It is useful to evaluate and analyze the difference between products before investing in any policy. In addition, it enables investors to compare the strategy and budget that meet their needs. An insurance premium calculator is a tool that allows not only calculating the premium but also makes comparison easier. For example, an individual may find out what premiums he would need to pay in comparison to several time plans that are available on the market with life insurance premium calculators.

Investors like the life premium calculator for faster comparisons before choosing the term policy. There also exist tax calculators online that can help you detect how much tax to be paid depending on which you can decide the right premium to be paid for any life insurance plan to get the best tax rebate as well. This is because the premium for life insurance also helps obtain tax rebates.

The online calculator for term insurance premium insurance is an estimated premium. A life insurance premium calculator is a practical alternative for online insurance. Earlier, to know his premium amount, a policyholder has to visit a physical industry. But now, one can simply collect the amount of his premium with one click using a life insurance premium calculator. It’s easy to operate the term insurance premium calculator. 

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Delhi Convention Centre: Why is The Zora Convention Centre built at Delhi’s Lodhi Road special?

It serves as an exquisite venue for weddings, festivals, corporate gatherings, and a variety of other events.

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The Zora, Delhi Convention Center, located near Jawaharlal Nehru Stadium in Delhi, was inaugurated in August 2024. This convention center is specifically designed to cater to global event needs.

Spanning over 2 lakh square feet, The Zora features impressive architectural elements, including 38-foot high ceilings and two pre-designed halls, crafted by the esteemed designer Walid Baz, founder of Baz Events. It serves as an exquisite venue for weddings, festivals, corporate gatherings, and a variety of other events.

In an exclusive interview with APN News, Jyoti Kalash, Chief Administrative Officer (CAO) and retired IAS officer stated, “The design of this event center is striking. Upon entering the main hall, guests will feel transported to another realm, as there is a glass floor beneath them that can easily support over 1,000 people.”

“The Zora stands out due to its nature-inspired design and outstanding craftsmanship, which was accomplished in just 80 days by an international team, establishing a new benchmark for luxury in India,” the former IAS officer emphasised.

Dhananjay Kumar, CEO of The Zora – Delhi Convention Center, also spoke with APN News, stating, “We are offering not just a venue, but a destination for unique, unforgettable experiences. This luxurious and stunning space was completed within an impressive timeframe of only 80 days.”

Know what is special in ‘The Zora’

  • Prime location on Lodhi Road, convenient location for all.
  • Parking facility for more than 2000 vehicles.
  • Designed by award-winning architectural designer Walid Baz, bringing world-class expertise to Delhi.
  • Completed within a time period of just 80 days.
  • Spread over 2 lakh sq ft with two pre-designed halls and spacious customisable areas.
  • The Zora’s design is inspired by nature, offering guests an ambiance of beauty and tranquility.
  • 750 tonnes of iron has been used for strength.
  • 700 intelligent lights have been used with over 20 modes to match the mood of the ceremony.
  • Another large dining area is separate from the Grand Ballroom.
  • The interiors look beautiful and are adorned with intricate handmade designs.

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IIMM Delhi claims 100% placement for PG Diploma in ADPR for 3 consecutive years

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The International Institute of Mass Communication (IIMM) Delhi continues to solidify its reputation as a premier institution for media and communication studies by achieving 100% placement for its Post Graduate Diploma in Advertising and Public Relations (PGD ADPR) course for the third consecutive year. This remarkable achievement underscores the institution’s commitment to academic excellence and its pivotal role in shaping future leaders of the media industry.

A Legacy of Excellence

Ms. Simrat Gulati, an IIMC Alumna and Advertising veteran, who heads this program at IIMM Delhi said, “ADPR is one of IIMM Delhi’s oldest and most prestigious programs. Established with the vision of providing comprehensive education and training in the fields of advertising and public relations, this course has evolved to meet the dynamic demands of the industry. The curriculum is meticulously designed to combine theoretical knowledge with practical skills, ensuring that students are well-prepared for the challenges of the professional world.”

Industry Recognition

Industry experts and media professionals also hold IIMM Delhi’s ADPR program in high regard. Vivek Satya Mitram, a renowned Brand Strategist and co-founder at Bharat Dialogues said, “I have interacted with IIMM Students in workshops & events, the rigorous training included in their ADPR course and exposure to real-world scenarios are indeed a benchmark in media education. We at Bharat Dialogues regularly hire interns from IIMM Delhi for their creativity, strategic thinking, and ability to adapt to the rapidly changing media landscape.”

Several key factors contribute to the consistent placement success of the ADPR program at IIMM Delhi added their Academic Director Pooja Priyamvada. “We at IIMM Delhi have fostered strong relationships with leading companies in the advertising and PR sectors. These partnerships provide students with ample internship opportunities, live projects, and exposure to industry practices. We are privileged to have a highly qualified and experienced line up of faculty members & Guest lecturers who bring a wealth of industry knowledge and academic expertise.”

The industry-readiness of any curriculum requires that it is regularly updated to reflect the latest trends and technologies in the media industry. This ensures that students are equipped with relevant skills and knowledge that make them highly employable. As per many ex-students that is what set them apart from the crowd in the highly competitive media industry. Through mock interviews, resume building workshops, and career counseling sessions, the placement cell ensures that students are well-prepared to enter the job market.

The 100% placement record over the past three years is a testament to IIMM Delhi’s unwavering commitment to excellence. As the media industry continues to evolve, the institute remains dedicated to providing exemplary education and training that empowers students to become leaders in their field.

Established in 1999, the International Institute of Mass Media (IIMM) Delhi is a premier institution dedicated to providing high-quality education in mass media and communication. With a focus on practical training, industry exposure, and academic excellence, IIMM Delhi offers a range of undergraduate, postgraduate, and diploma programs designed to prepare students for successful careers in media and communication.

For more information about IIMM Delhi and its programs, please visit www.iimmdelhi.com

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Nima Sulaiman joins HiLITE Group Board, her father gifts her a Porsche

Nima expressed her gratitude for the opportunity and her eagerness to contribute to the group’s success.

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In a move signalling a generational shift in leadership and a commitment to empowering women in the business world, Nima Sulaiman, the daughter of HiLITE Group Chairman P. Sulaiman, has been welcomed onto the board of directors with a stunning gesture—a Porsche worth Rs 3 crore.

At just 18, Nima began her journey with HiLITE Group as a customer service trainee at Hug a Mug Cafe. From there, she transitioned to management roles, showcasing her talent and dedication. With a B.Sc in Economics from the University of London in Singapore, Nima brings a unique blend of academic prowess and practical experience to her new position.

As the Director of HiLITE Urban, a subsidiary of HiLITE Group, Nima is poised to continue the company’s legacy of excellence in construction and development. With a focus on providing quality living spaces and international standards in India, HiLITE Group has been instrumental in transforming Kozhikode city with its innovative projects that include premium residential buildings, ultra modern business parks, state-of-the-art malls and world-class entertainment theaters.

Group Chairman P. Sulaiman expressed his sentiments regarding his daughter’s recent appointment within the Group. He said, “I am immensely proud of Nima’s accomplishments and firmly believe that she is capable to take on greater responsiblities. HiLITE Group has always shed light on the significance of acknowledging and empowering women in leadership positions.” He further emphasised, “The emotional intelligence that women bring to the table is pivotal for fostering effective leadership and establishing trust.”

Nima, in turn, expressed her gratitude for the opportunity and her eagerness to contribute to the group’s success. “Inspired by my experiences visiting renowned malls worldwide, I strive to enrich the atmosphere of HiLITE malls and other projects, infusing them with vibrancy and youthfulness,” she said.

The appointment of Nima Sulaiman to the board of directors represents a significant milestone for HiLITE Group and a testament to the company’s commitment to innovation and inclusivity in the business world. As Nima takes on her new role, she stands as a beacon of inspiration for young women entrepreneurs in South India and beyond.

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