The invention discloses a preparation technology of a low-smoke and halogen-free ceramic polyolefin refractory insulation material. The technology includes the steps of: 1. putting metallocene polyethylene, an ethylene-alpha-octene copolymer, high density polyethylene resin, maleic anhydride grafted amorphous polyolefin, pentaerythritol, boron carbide, silicon carbide, nano-aluminum hydroxide, brucite, talcum powder, an antioxidant, a silane coupling agent, sodium dodecylbenzene sulfonate and lubricant silicone masterbatch all into an internal mixer at one time for mixing, and performing discharging when the temperature of the mixed materials reaches 140-145DEG C; and 2. sending the material obtained in step 1 into a tapered feeding hopper, and conducting plasticizing extrusion by a twin-screw extrusion set. The polyolefin refractory insulation material obtained by the technology provided by the invention has good ceramic performance, the sintered ceramic shell has high bending strength, the crust is very hard and dense, no secondary fire is caused, and the refractory insulation material can be fired into a hard ceramic armor to reach very good heat insulation, cooling and refractory effects, has low smoke during combustion, is halogen-free, non-toxic and odorless, and passes the ROHS inspection standards.