Life insurance calculator — indicative premium estimate

The cost depends mainly on age, insured sum, coverage period and gender. Younger people pay lower premiums. For a 35-year-old, a PLN 200 000 term policy typically costs roughly PLN 25-60 per month, but the actual premium requires an individual risk assessment by the insurer.

A common approach is to cover 5-10 times your annual net income, or the outstanding balance of your mortgage. The goal is to ensure your family can maintain their standard of living and meet financial obligations without your income.

Key factors include age (older = more expensive), gender (males pay more), insured sum, coverage period, health status and medical questionnaire results, occupation and extreme sports. Smoking and chronic diseases can significantly raise the premium.

Statistically, men have a shorter life expectancy than women, which means a higher risk for the insurer. Insurance companies reflect this actuarial difference in their pricing of term and whole-life policies.

The most common types are: term life (protection for a set period, e.g. 10-30 years), whole life (lifelong coverage), unit-linked policies (with an investment component), group life insurance via employer, and mortgage protection policies.

Life insurance is particularly valuable for people with dependants, a mortgage or business obligations. It provides financial security for loved ones in the event of the insured person's death. With no financial obligations and no dependants, the benefit is smaller.

The coverage period should match your main financial obligation. If it is to cover a mortgage, match the remaining repayment term. To protect your family throughout your working life, a typical horizon is age 60-65.

Yes — age is one of the most important factors. Each additional year increases the statistical risk of death, so insurers raise premiums accordingly. Taking out a policy while young and maintaining it long-term is usually more cost-effective than repeatedly purchasing new policies.

No — the calculator is for indicative estimation only. The actual premium is set by the insurer after a health questionnaire, individual risk assessment and underwriting. The result does not constitute an offer or commitment from any insurer.

You can purchase a policy directly from an insurance company, through an agent or broker, at a bank (often as part of a package product) or via an online insurance comparison platform. Always compare several offers and read the general terms and conditions before deciding.