Estimate your term life insurance premium in Kenya based on sum assured, age band, and policy term.
How Term Life Premiums Are Priced
Term life insurers price premiums per KES 1,000 of sum assured — the payout your beneficiaries receive on death within the policy term — and that per-1,000 rate rises with age because mortality risk rises with age. Select the age band closest to yours to load a starting rate, enter your desired sum assured, and the calculator computes the annual, monthly, and full-term premium.
Why the Rate Table Is Editable
The rate-per-1,000 figures shown are indicative market estimates, not a published regulatory table — actual life insurance pricing depends on the insurer's underwriting, your health, smoking status, occupation, and the specific type of policy (level term, decreasing term, whole life). Overwrite the rate field with an actual quote once you have one for an accurate figure.
Term Life vs Whole Life
This calculator assumes a simple term policy, which pays out only if death occurs within the chosen term and builds no cash value. Whole life and endowment policies cost significantly more per KES 1,000 of cover because they combine insurance with a savings or investment component — this tool is not suitable for pricing those.
How is a life insurance premium calculated?
Term life insurers price cover per KES 1,000 of sum assured, with the rate rising by age band since mortality risk increases with age. Multiply the sum assured (in thousands) by the age-band rate to get the annual premium.
Is the rate table on this calculator official?
No — it's an indicative market estimate. Actual life insurance pricing depends on the insurer's underwriting, your health, occupation, and the specific policy type, so treat the result as a starting estimate and confirm with an actual quote.