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Rider House, 4th Floor, Plot No. 136,

Sector 44, Gurgaon - 122002,

Haryana

Certified By

TENB Fintech Private Limited, CIN: U62099HR2023PTC114628, Registered Office: 4th Floor, Rider House, Plot No. 136-P, Sector -44, Gurugram - 122003, Haryana, Tel No - +91-8058058009, Email ID: info@ambak.com

Home Loan Insurance Premium Calculator

Enter your loan amount, tenure, rate, and age to instantly see a ballpark home loan protection insurance premium — before your bank quotes one.

Your loan

Loan amount

1L2Cr

Loan tenure (years)

1 yr30 yrs

Interest rate (% p.a)

4%20%

Used to model how your outstanding balance declines — affects Reducing Cover pricing.

Borrower's age (years)

18 yrs65 yrs

Cover

Insurance type

Reducing coverLevel cover

Tracks your loan balance down and costs less.

Premium payment mode

Single (one-time)Regular (annual)

Estimated premiumas a one-time payment

Sum assured (Year 1)

₹40,00,000

Average sum assured

₹25,31,041

Coverage period

20 years

Approx. monthly equivalent

₹224/mo

Base premium (mid-estimate)	₹45,660
+ GST (18%)	₹8,219
Total estimated premium	₹53,879

This is an indicative estimate, not a quote. Actual premium depends on medical underwriting and the specific insurer.

Ready to Apply for a Home Loan?

Compare personalized offers from 50+ banks and NBFCs based on your income and credit profile.

Now that you have a ballpark on insurance cost, you can budget for your full loan cost — EMI, insurance, and other charges — before you commit to a lender.

Ambak compares real home loan offers from 50+ banks and NBFCs in real time, so you don't have to visit each lender separately or negotiate on your own.

Some lenders bundle insurance costs into your loan disbursal — knowing an independent ballpark first means you can spot a bundled quote that's meaningfully off from a reasonable estimate. Compare your options below.

Ambak's home buying advisor guide you from first question to final approval

Talk to a real advisor on WhatsApp or by phone. No sales pressure, just straight answers on your home loan queries

Frequently Asked Questions

Common questions about home loan insurance and how this calculator works.

Is this the exact premium my insurer will quote?

No — this is an indicative estimate, not a quote. Real pricing comes from insurer-specific underwriting (medical history, exact age, occupation, city), which this calculator can't replicate. Use it to sanity-check whatever your bank offers at disbursal.

What's the difference between Reducing Cover and Level Cover?

Reducing Cover tracks your outstanding loan balance down over time and costs less overall, since the insurer's payout obligation shrinks alongside your loan. Level Cover stays constant for the full tenure — useful if you want the payout to also cover other needs beyond just the loan.

Should I pay a Single premium or Regular annual premiums?

Single premium is often financed into your loan amount and is discounted relative to the sum of what you'd pay annually. Regular premiums are paid every year separately and give you the flexibility to stop paying (and stop the cover) if needed.

Why does smoking status affect my estimate?

Smoking status materially changes real insurer pricing, so it's included here as a multiplier for a more realistic ballpark — even though this remains an estimate, not a medically-underwritten quote.

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Please wait while we prepare your content

Quick Links

HOME FOR PARTNERS TERMS AND CONDITIONS PRIVACY POLICY GRIEVANCE REDRESSAL CONSENT WITHDRAWAL SITEMAP

Cities

Pune Noida Nagpur Mumbai Lucknow Thane Hyderabad Ahmedabad Gurgaon

Company

ABOUT US CONTACT US

Tools

EMI CALCULATOR BALANCE TRANSFER TAX SAVING CALCULATOR

Banks

Central bank of India Union bank of India State Bank of India Punjab National Bank HDFC Bank ICICI Bank Bajaj Housing Finance Bank of Baroda View all

Rider House, 4th Floor, Plot No. 136,

Sector 44, Gurgaon - 122002,

Haryana

Certified By

Home Loan Insurance Premium Calculator

Enter your loan amount, tenure, rate, and age to instantly see a ballpark home loan protection insurance premium — before your bank quotes one.

Your loan

Loan amount

1L2Cr

Loan tenure (years)

1 yr30 yrs

Interest rate (% p.a)

4%20%

Used to model how your outstanding balance declines — affects Reducing Cover pricing.

Borrower's age (years)

18 yrs65 yrs

Cover

Insurance type

Reducing coverLevel cover

Tracks your loan balance down and costs less.

Premium payment mode

Single (one-time)Regular (annual)

Estimated premiumas a one-time payment

Sum assured (Year 1)

₹40,00,000

Average sum assured

₹25,31,041

Coverage period

20 years

Approx. monthly equivalent

₹224/mo

Base premium (mid-estimate)	₹45,660
+ GST (18%)	₹8,219
Total estimated premium	₹53,879

This is an indicative estimate, not a quote. Actual premium depends on medical underwriting and the specific insurer.

Ready to Apply for a Home Loan?

Compare personalized offers from 50+ banks and NBFCs based on your income and credit profile.

Now that you have a ballpark on insurance cost, you can budget for your full loan cost — EMI, insurance, and other charges — before you commit to a lender.

Ambak compares real home loan offers from 50+ banks and NBFCs in real time, so you don't have to visit each lender separately or negotiate on your own.

Ambak's home buying advisor guide you from first question to final approval

Talk to a real advisor on WhatsApp or by phone. No sales pressure, just straight answers on your home loan queries

Frequently Asked Questions

Common questions about home loan insurance and how this calculator works.

Is this the exact premium my insurer will quote?

What's the difference between Reducing Cover and Level Cover?

Should I pay a Single premium or Regular annual premiums?

Why does smoking status affect my estimate?

News and guides to help you buy smarter

Home Loans

“Best Home Loan Agents and Platforms in Jaipur 2026: Agencies, DSAs and Lenders”

Read article

Home Loans

“Best Home Loan Agents and Platforms in Ahmedabad 2026: Agencies, DSAs and Lenders”

Read article

Home Loans

“Best Home Loan Agents and Platforms in Kolkata 2026: Agencies, DSAs and Lenders”

Read article