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₹25 lakh to ₹100 crore
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when you need
Life insurance works as an essential safety net for families. Nonetheless, many individuals, when buying a life insurance policy, realise that their gender affects how much premium they must pay. Women and men have different health risks and life expectancies. This is considered by insurers when pricing insurance policies, creating a gap between cost and coverage. So, keep reading to understand how gender and life insurance cost influence each other.
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Key Factors that Influence Gender-based InsuranceLife Insurance Cost Differences by Gender in IndiaHow Can You Save Money on Premium?The Bottom LineFrequently Asked QuestionsFirstly, it is important to understand that men and women have different healthcare needs due to their biological and physiological differences. For example, almost 42% of women in India develop ailments like hypertension, obesity, and backache at a young age.
In contrast, men run a higher risk of heart-related ailments after the age of 40. These differences form the basis for calculating the premium amounts. Let us check the two main factors that influence gender based insurance premiums:
Risk profiling is important for premium calculations. The process of charging different premiums based on gender is called gender rating. In addition to age, health, occupation, and lifestyle, gender is an important factor in premium calculations. Women are generally expected to live longer due to a higher life expectancy. Hence, the premium charged to them for a life insurance policy is mostly lower than that charged to men.
Certain diseases occur more often in one gender than the other. For instance, cervical cancer has become a major health concern for women across the world, whereas heart disease is more common among males. So, such risks are carefully considered before setting the premium amount.
A clear understanding of the differences in premium amounts per one's gender is crucial while buying life insurance premiums. Refer to the table to gain insight into the life insurance rates by gender.
| Age | Tenure | Sum Assured | Premium Cost for Female (₹) | Premium Cost for Male (₹) |
| 25 | 35 years | ₹25 Lakhs | ₹5,000 - ₹7,500 | ₹6,000 - ₹8,000 |
| 30 | 30 years | ₹25 Lakhs | ₹6,500 - ₹9,000 | ₹7,500 - ₹10,000 |
| 35 | 25 years | ₹25 Lakhs | ₹8,000 - ₹11,000 | ₹9,500 - ₹13,000 |
| 40 | 20 years | ₹25 Lakhs | ₹9,500 - ₹13,000 | ₹11,500 - ₹15,000 |
| 45 | 15 years | ₹25 Lakhs | ₹11,000 - ₹15,000 | ₹13,500 - ₹18,000 |
| 50 | 10 years | ₹25 Lakhs | ₹13,000 - ₹17,000 | ₹16,000 - ₹21,000 |
| 55 | 15 years | ₹25 Lakhs | ₹16,000 - ₹20,500 | ₹19,500 - ₹25,000 |
| 60 | 10 years | ₹25 Lakhs | ₹20,000 - ₹24,000 | ₹24,000 - ₹30,000 |
Some jurisdictions in India have implemented specific rules and regulations to stop gender rating in life insurance. These rules aim to promote equality and bias-free access to life coverage based on gender. However, properly implementing such a rule will take time to get induced in the Indian insurance market. So, for the time being, you have insight into the connection between gender and insurance costs and utilise its benefits.
Here are some commonly asked questions about the relationship between gender and life insurance premiums.
Written by
Neviya Laishram
Senior Editor
A senior editor with years of expertise, she fine-tunes content that connects, converts, and builds trust. She transforms heavy insurance concepts into clear, aha-moment reads. Writing is her passion, and thinking ahead is second nature. When not wrangling words, she’s crushing game levels because every challenge is a puzzle waiting to be solved.
Reviewed by
Vaibhav Kumar Kaushik
Senior Director – Life Insurance Strategy
Senior Director – Life Insurance Strategy at Acko, I drive customer-centric, digitally led strategies that shape the future of Life insurance. With expertise in new business development, D2C growth, and investment management, I’ve helped build and scale Acko’s Term Life offerings by aligning customer insights with innovative product strategy to fuel sustainable growth.
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