Products
Minus/plus icon
ProductsInsurance made easy: tailor your coverage to fit your needs
GET COVERED FOR
Health
Health InsuranceFamily Health Insurance Plan1 Crore Health InsuranceIndividual Health InsuranceSenior Citizen Health InsuranceParents Health InsuranceArogya Sanjeevani Health InsuranceCashless Health Insurance
Car
Car insuranceComprehensive car insuranceThird party car insuranceOwn damage car insuranceZero depreciation car insuranceElectric car insuranceUsed car insuranceCommercial car insurance
Bike
Bike insuranceScooter insuranceBrand new bike insuranceComprehensive bike insuranceThird party bike insuranceElectric bike insuranceUsed bike insurance
Life
Life InsuranceTerm InsuranceAcko Flexi Life PlanCritical Illness Insurance Life InsuranceAccidental Death Benefit RiderDisability Income RiderLife Insurance Riders in India
Travel
Travel insuranceInternational travel insurance
Corporate coverage
Group health insuranceCorporate health insurance
Electronics
Mobile protectionAppliance protection
Renewals
Minus/plus icon
RenewalsDon’t risk it, renew your insurance and stay protected
Claims
Minus/plus icon
ClaimsYour peace of mind is our top priority - file a claim today
Resources
Minus/plus icon
ResourcesExplore the full ACKO experience and make the most of your plan
EXPLORE
Articles
Guides
Ebooks
health plus
Mortality risk calculator in life insurance

Mortality Risk Calculator

Mortality Risk Calculator: Learn about how mortality risk is assessed in life insurance and how it affects your policy.

Easily change your coverage
Easily change your coverage
Change your policy term
Change your policy term
Starting at just ₹18/day*
Starting at just ₹18/day*
Let's build a perfect life insurance cover for you
Your Name
Your gender
Male
Female
Have you smoked in the past 12 months?
Yes
No
Your age
Your pin code
Your phone number
+91
ARN: L0053 | *T&Cs Apply

ARN: L0042 | *T&Cs Apply

health plus
Let's build a perfect life insurance cover for you
Your Name
Your gender
Male
Female
Have you smoked in the past 12 months?
Yes
No
Your age
Your pin code
Your phone number
+91
ARN: L0053 | *T&Cs Apply

Home / Life Insurance / Calculators / Articles / Mortality Risk Calculator

When it comes to Life Insurance, choosing the right policy can be overwhelming. With so many options available, getting lost in the details is easy. However, tools like the Mortality Risk Calculator simplify this process, enabling you to make well-informed decisions. In this article, you’ll learn what a mortality risk calculator is, how it works, and why it's important when choosing a Life Insurance policy in India. 

What is Meant by Mortality Risk?
Jump Tag Icon

Mortality risk refers to the probability of an individual's death within a certain period. It is based on various factors such as age, gender, health condition, lifestyle habits, and occupation. In Life Insurance, mortality risk is crucial in determining a policy's premium. This risk is directly proportional to the premium, as higher mortality risk translates to higher premiums since insurers account for increased financial liability. 

What is a Mortality Risk Calculator in Life Insurance?
Jump Tag Icon

A mortality risk calculator is an online tool for calculating mortality risk and choosing the right Life Insurance policy. It considers various factors and calculates your survival probability based on these factors. It is a useful tool for anyone looking to buy a Life Insurance policy in India.

How Does the Mortality Risk Calculator Work in Life Insurance?
Jump Tag Icon

To use the tool, you must input basic personal and lifestyle details such as:

The calculator evaluates these inputs and generates an estimated mortality risk score. It also suggests optimal coverage amounts and premium rates, ensuring that your chosen policy aligns with your financial goals and risk profile.

Factors That Affect Mortality Risk in India
Jump Tag Icon

Here is a list of factors that affect a person’s mortality risk:

Age
Jump Tag Icon

Age is one of the most significant factors affecting mortality risk. As a person ages, their body becomes more susceptible to illnesses and diseases, which eventually raises the risk of mortality. For instance, a person in their 20s has a lower mortality risk than a person in their 50s or 60s. Age is an essential consideration when calculating the premium for a Life Insurance policy.

Gender
Jump Tag Icon

Gender is another crucial factor that affects mortality risk. Women, on average, tend to live longer than men, which means they have a lower mortality risk. According to statistics, the life expectancy of women in India is higher than that of men. Therefore, women tend to get Life Insurance policies at a lower premium than men.

Health condition
Jump Tag Icon

The state of a person's health is a significant determinant of mortality in insurance calculations. Individuals with pre-existing medical conditions, such as heart disease, diabetes, or cancer, are classified as having a higher mortality risk. This increased risk impacts their eligibility for Life Insurance and the premiums they are charged. Conversely, individuals who maintain a healthy lifestyle and have no underlying health conditions are considered to have a lower mortality risk, often qualifying for more favourable insurance terms and lower premiums.

Lifestyle habits
Jump Tag Icon

Unhealthy lifestyle habits such as smoking, excessive drinking, and lack of exercise can increase mortality risk. These habits can lead to health complications such as heart disease, stroke, and cancer, which can increase the risk of mortality. Individuals who lead a healthy lifestyle and exercise regularly have a lower mortality risk.

Occupation
Jump Tag Icon

Certain occupations can increase the risk of mortality. Jobs that involve exposure to hazardous substances, such as miners or construction workers, have a higher mortality risk. Similarly, firefighters and law enforcement personnel have a higher risk of mortality due to the nature of their job. These factors are taken into account when calculating the premium for a Life Insurance policy.

Geographical location
Jump Tag Icon

A mortality risk calculator also considers geographical location of an individual. For instance, individuals living in densely populated areas with poor air quality are at a higher risk of mortality due to exposure to pollution. Similarly, individuals living in areas with inadequate access to healthcare facilities are at a higher risk of mortality due to lack of medical attention.

Real-life Example of the Impact of Mortality Risk in Life Insurance
Jump Tag Icon

Let's consider Ravi and Arjun, who are of different ages and have different mortality risks. Ravi is in his late 50s and is an IT consultant. He is married and has two children. He has a history of high blood pressure and has been taking medication for it for the past few years. He also has a sedentary lifestyle and rarely exercises.

On the other hand, Arjun is in his early 20s and is a recent college graduate. He is single and works as a software developer. He has no pre-existing medical conditions and leads a healthy lifestyle. He exercises regularly and doesn't smoke or drink.

Now, let's compare their mortality risk and the factors their insurer will consider while issuing them a Life Insurance policy.

  1. Age: Ravi's age puts him at a higher mortality risk compared to Arjun. As we age, our body becomes more susceptible to illnesses, diseases, and other health issues.

  2. Gender: Both Ravi and Arjun are male, so gender-based mortality risk has no significant difference.

  3. Health condition: Ravi's high blood pressure puts him at a higher mortality risk compared to Arjun, who has no pre-existing medical conditions.

  4. Lifestyle habits: Ravi's sedentary lifestyle puts him at a higher mortality risk compared to Arjun, who exercises regularly and leads a healthy lifestyle.

  5. Occupation: Ravi and Arjun's occupation does not pose a significant risk to their mortality.

Based on the above factors, Ravi is at a higher mortality risk than Arjun. Therefore, Ravi's insurer will likely charge a higher premium and offer a shorter policy term. In contrast, Arjun's insurer may offer a longer policy term and lower premiums, as he is considered to have a lower risk of early mortality. Thus, an individual's mortality risk plays a significant role in determining the premiums and terms of their Life Insurance policy.

Conclusion
Jump Tag Icon

A Mortality Risk Calculator allows individuals to assess their mortality risk.  It also helps in choosing an insurance policy that provides adequate coverage and ensures financial security for their loved ones in the event of their untimely death. 

Frequently Asked Questions
Jump Tag Icon

Here are the answers to the following questions regarding the mortality risk calculator in life insurance.

Icon

How can I access a mortality risk calculator in life insurance in India?

Most life insurance companies in India provide online access to their mortality risk calculator on their website. Alternatively, you can contact a representative from the insurance company to assist you in using the calculator and determining the appropriate premium amount for your life insurance policy.

Can a mortality risk calculator be used to determine the exact time of death?

No, a mortality risk calculator is a tool used to estimate an individual's risk of death based on various factors, but it cannot determine the exact time of death.

Is a mortality risk calculator accurate?

A mortality risk calculator is a tool used by insurance companies to estimate an individual's risk of death based on various factors. However, it is important to note that mortality risk calculators are not perfect and may not account for all factors that may affect an individual's life expectancy.

What are some benefits of using a mortality risk calculator in life insurance in India?

Some benefits of using a mortality risk calculator in life insurance in India include getting an estimate of the premium amount, saving money by not overpaying for the policy, and ensuring that the policy coverage is adequate based on the individual's risk of death. Additionally, using a mortality risk calculator can help individuals make informed decisions when selecting a life insurance policy.

What are the risk factors for mortality?

There are a few risk factors that a mortality risk calculator considers such as age, smoking, gender, hypertension, physical inactivity, etc.

How is the mortality rate calculated?

A mortality rate is calculated by dividing the number of deaths caused due to diseases by the total population.

What are mortality charges?

A mortality charge is the cost borne by the insurer in providing you with a life cover. Age is one of the crucial factors that affect mortality risks. Hence, mortality charges tend to increase with age. So you can lower mortality charges if you invest sooner.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes.