Bajaj ULIP (Unit Linked Insurance Plan) is a popular investment option for investors. It offers dual benefits of insurance protection and the opportunity for wealth creation. The investor may invest in the capital market and secure a life insurance policy with a single premium.
Guaranteed Tax SavingsUnder sec 80C & 10(10D)
₹1 CroreInvest ₹10k Per Month*
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Invest ₹10K/month & Get ₹1 Crore returns*
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Expected rate of return (in %)
In order to start with Bajaj ULIP, the investor needs to pay a premium or a lump sum payment on a monthly, quarterly, half-yearly, or annual basis. Then, the investor, as per his contribution to the premium amount, is assigned units that could be liquidated at the expiry or maturity of the policy.
However, before making an investment in the ULIP plan, it is critical for an investor to ensure whether the plan is appropriate as per the financial requirement. Handy online tools known as Bajaj ULIP calculators can give a basic idea about the returns on the investment. The investor may calculate the returns by entering the expected percentage of returns along with the premium amount he is liable to pay.
An investor must conduct a comprehensive analysis of an investment plan before making an investment. Bajaj Allianz ULIP calculator provides the means to get a fair idea to estimate the returns that one may accumulate from the ULIP investment. Hence, the investor may calculate or estimate the corpus they may be based on their inputs.
Let us understand the details an investor needs to provide in order to get the expected returns a ULIP plan may provide.
An investor may fill in the frequency or the time period he is willing to allocate the premium amount. The amount can be paid on a monthly, quarterly, half-yearly, and annual basis. The policyholder may select any of them to calculate the returns. However, the policyholder must remember that one portion of the amount covers the life insurance policy. At the same time, the remaining funds are required to invest in the money market by the investor. The investor may choose any market and can invest accordingly. Nevertheless, the investor must allocate the portion of the premium he is willing to invest in the capital market and insurance policy.
In the next step, the investor is required to fill in the premium amount he is willing to pay for the ULIP plan.
The investor must provide the details of the type of fund he is willing to get his premium invested in. For example, if he has a high-risk appetite, he may select the equity fund to invest the portion of the ULIP premium amount. In addition, if he wishes to reduce the risk, he may invest in a debt fund that is a low-risk associated fund, and provide reasonable returns. Finally, if he deems fit, the investor may also proceed with a hybrid form of a fund associated with low to medium risk and provide considerable returns.
In this step, the policyholder may provide the expected return to calculate the total returns on the investment.
Lastly, a policyholder may provide the duration he wishes to stay invested.
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Sometimes, a policyholder may wish to calculate the premium amount on the given target he needs to achieve in a stipulated period. With the Bajaj Allianz ULIP calculator, an investor may also calculate the premium amount he must pay annually to achieve the targeted corpus. Let us understand it step-by-step.
In the first step, an investor is required to enter the amount or corpus he wishes to achieve in a long-run investment. The corpus may vary from INR one lakh to INR 100 crore value. Hence, per the financial requirement, the policyholder may enter the amount.
In the second step, the policyholder needs to enter the duration he wishes his funds to be invested. The time duration may vary from 10 to 60 years.
As stated earlier, ULIP provides dual benefits in a single premium amount. Hence, the investor is required to divide the premium and allocate it as per his needs or convenience.
The policyholder needs to provide the expected returns he anticipates from the ULIP plan. In the case of the risk-free instrument, the rate of returns varies from one to nine percent. However, in the market-linked instrument, the rate of returns varies from one to fifteen percent.
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The Bajaj Allianz ULIP calculator is user-friendly since a policyholder is not required to go through any special instructions to use the calculator.
The calculator does not charge any amount and is free to use. In addition, the user is not mandated to proceed with the investment using the calculator.
The investor may make the investment decision after getting a clear idea using the calculator. One is only required to provide the necessary details to see the result.
Bajaj Allianz ULIP calculator is a user-friendly tool that is accessible to every investor. It allows the investor to estimate the expected returns from the investment. Further, the investor may draw several comparisons between ULIP plans using the ULIP calculator. Bajaj Allianz ULIP calculator shows the precise result to the investor. The investor may conveniently use the calculator online.
*All savings are provided by the insurer as per the IRDAI approved insurance
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr.
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