Kotak ULIP Plan Calculator

Kotak ULIP Plan Calculator helps investors and policy buyers to evaluate the policy and the plan efficiently. ULIP plan provides the facility of insurance and investment in one place. If you do not want to have both insurance and investment under a single policy, ULIP plans are the best choice.

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Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings^

    Under sec 80C & 10(10D)
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    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax^

    Unlike 10% in Mutual Funds
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We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

Investment Return Calculator (Power of Compounding)
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Invest For (in Years)

1 30

Stay invested for (in Years)

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Expected rate of return (in %)

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Under these plans, a portion of your premium is invested in money market instruments and the other part goes towards life coverage. 

Why Should You Use Kotak ULIP Plan Calculator?

Investors and policy buyers can majorly benefit from this calculator before they decide their investment. This calculator provides all the information that you need for planning your investment.

The following points further define how you can benefit from the Kotak ULIP Plan Calculator:

  • For everyone: This calculator is available for everyone. You do not have to be a policyholder to use it. You can simply visit their official website and use the calculator.

  • Free to use: This calculator is free for everyone. You don't have to pay anything to use it.

  • Easy to use: The Kotak ULIP Plan Calculator is elementary. You just put a few details like premium amount, premium payment frequency, policy term, premium payment term, etc., and the calculator will do its job for you.

  • Financial planning: Before you decide to invest in a ULIP plan, you must plan it out. Because every investor is different, has different needs and requirements. You must know each detail of the policy to make the right investment decisions.

How to Use the Kotak ULIP Plan Calculator?

The following points explain the steps required to use the calculator:

  • Step 1: Visit the official website to access the calculator.

  • Step 2: Go to insurance plans and then Tools and Calculators. Click on it to proceed. 

  • Step 3: Select ULIP plans under the product category.

  • Step 4: Choose the ULIP product that you would like to analyze further.

  • Step 5: Enter Personal Details.

  • Step 6: Enter cover and term details.

  • Step 7: Enter fund allocation details.
    Under fund allocation details, you have to enter your investment strategy. Two options are available: Self Managed Strategy and Age-Based Strategy. 

    • If you choose a "self-managed strategy", you have to allocate your investments into different already-mentioned funds, such as debt, equity, and balanced funds.

    • If you choose "age-based strategy", three more options will be provided: aggressive, moderate, or conservative.

    • The aggressive strategy allocates 20% in "Dynamic Bond Fund" and 80% in "Classic Opportunities Fund".

    • The moderate strategy allocates 30% in "Dynamic Bond Fund" and 70% in "Classic Opportunities Fund".

    • The conservative strategy allocates 40% in "Dynamic Bond Fund" and 60% in "Classic Opportunities Fund".

  • Step 8: Now enter rider details. Add riders as per your convenience.

  • Step 9: Add or skip additional details. Click on calculate

The results will be displayed on your screen. You can also download them in pdf format to view the details later.

Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

Kotak ULIP Plan Calculator Example

Here is an example to explain the use of the calculator:

  • Visit the official website and access the calculator.

  • Go to ULIP calculator and select Kotal Platinum

  • Enter personal details such as name, DOB, and gender

  • Cover and term details

    • Premium: ₹10,000

    • Policy term: 20 Years

    • Premium payment term: 20 Years

    • Premium payment frequency: Monthly

    • Sum assured: ₹30,00,000

  • Fund allocation

    • Select Self Managed Strategy

    • Enter 100 in the classic opportunities fund. It means that 100% of your investment will be in the classic opportunities fund.

  • Add riders, if you want additional protection

    • Accidental death benefit:

      • Sum assured: ₹50,000

      • Term: 20 Years

    • Permanent disability benefit:

      • Sum assured: ₹50,000

      • Term: 20 Years

  • You can add or skip top-up premium details.

  • The calculation is done. Let's click on generate PDF to know the details of these plans. Such as returns, rate of return, and maturity amount.

Top ULIP Funds
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
11,839 Cr
Returns
21.83%
Returns
23.81%
Highest Returns
Returns
19.95%
Get Details
1,772 Cr
Returns
23.15%
Returns
27.3%
Highest Returns
Returns
19.47%
Get Details
6,136 Cr
Returns
26.84%
Returns
27.87%
Highest Returns
Returns
18.81%
Get Details
2,984 Cr
Returns
21.78%
Returns
23.76%
Highest Returns
Returns
17.76%
Get Details
4,172 Cr
Returns
21.74%
Highest Returns
Returns
20%
Returns
17.43%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
247 Cr
Returns
11.88%
Returns
13.92%
Highest Returns
Returns
11.99%
Get Details
352 Cr
Returns
12.26%
Returns
12.56%
Highest Returns
Returns
11.38%
Get Details
526 Cr
Returns
9.79%
Returns
10.72%
Highest Returns
Returns
10.34%
Get Details
837 Cr
Returns
11.67%
Returns
11.81%
Highest Returns
Returns
10.23%
Get Details
22 Cr
Returns
12.6%
Highest Returns
Returns
11.89%
Returns
10.17%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
494 Cr
Returns
16.43%
Returns
17.28%
Highest Returns
Returns
15.3%
Get Details
242 Cr
Returns
6.94%
Returns
7.91%
Returns
8.81%
Highest Returns
Get Details
786 Cr
Returns
5.4%
Returns
6.88%
Returns
8.1%
Highest Returns
Get Details
302 Cr
Returns
5.86%
Returns
6.8%
Returns
7.79%
Highest Returns
Get Details
465 Cr
Returns
5.1%
Returns
6.93%
Returns
7.78%
Highest Returns
Get Details

Advantages of Kotak ULIP Plan Calculator

The crucial advantages of using this calculator are:

  • Planning your finances: This simple tool can help you to understand your finances and plan accordingly. With the help of this tool, you can figure out the investment amount, premium, and duration along with other details.

  • Flexibility: This tool lets you choose everything without restrictions like sum assured, premium payment, duration, and fund allocation. It enables you to try different combinations to understand which plan will suit you better.

  • Financial goal: This tool can help you identify your financial goal by giving you a fair idea about how much you would need to invest to ensure protection for you and your family.

Information Required

The different pieces of information required while using the Kotak ULIP Plan Calculator are:

  • Personal details like name, DOB, Gender, Email ID, and mobile number

  • Coverage terms and details: premium amount, policy term, premium payment term, premium payment frequency, and sum assured.

  • Fund allocation: You have to choose the funds in which you would like to invest. 

  • Rider details: You have to decide how much sum to assure for the accidental death benefit and permanent disability benefit. 

  • Top-up premium details: You have to choose the amount you would like for top-up and select the top-up year. 

Invest in high growth ULIP Plans Invest in high growth ULIP Plans

Benefits of Buying a Kotak ULIP Plan

Here are the benefits of buying a Kotak ULIP Plan:

  • Develops saving and investing habits: Investing in a ULIP plan helps you build the habit of saving and investing your hard-earned money.

  • Exposure to the equity and debt market: A ULIP plan provides the advantage of exposure in the debt and equity market. Nowadays, inflation is soaring, interest rates are going down, and it has become significantly challenging to beat inflation. So, you must have some investments in equity or debt instruments.

  • Tax saving: A ULIP plan allows you to avail a deduction of ₹1.5 lakhs p.a. from your taxable income under Section 80C of the Income Tax Act 1961.

  • Protection against financial trouble: A ULIP plan has both investing and insurance. The insurance assures that the assured sum will be transferred to your family in case of your death, so they don't have to face any financial troubles.

  • Wealth creation: It also provides the opportunity to generate wealth, which will help you to plan your retirement better.

In Conclusion

The Kotak ULIP Plan Calculator is a free tool that helps you calculate and know a ULIP plan's various aspects. Anyone can use it, and you do not need any advanced finance knowledge to utilize the calculator. In addition, investing in a ULIP plan helps build a corpus for a better financial future.

FAQ's

  • What investment instruments are provided under a Kotak ULIP Plan?

    The Kotak ULIP Plan provides two instruments: equity and debt.
  • Are the returns guaranteed?

    No. Returns are not guaranteed. Since the returns depend on the markets and markets are volatile, returns could vary.
  • What is a unit in ULIP?

    A Unit Linked Fund is divided into several individual parts called Units.
  • Is the income from ULIP taxable?

    The maturity amount received from a ULIP plan is tax-exempt under Section 10(10D)
  • Is there any lock-in period?

    ULIPs are for long-term investing, so there is a lock-in period of 5 years.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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