SBI Life ULIP Calculator

SBI Life Unit-Linked Insurance Plans (ULIPs) provide protection and investment opportunity to its policyholders. Among other services, SBI Life offers online calculators to assist its customers with investment decisions. ULIP calculators are helpful instruments to determine the type of plan, investments, and duration.

Read more
Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Top performing plans with High Returns*

Invest ₹10K/month & Get ₹1 Crore returns*

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Investment Return Calculator (Power of Compounding)
  • One Time
  • Monthly
  • Yearly

Invest For (in Years)

1 30

Stay invested for (in Years)

1 30

Expected rate of return (in %)

1 35
 
YOU INVEST
YOU GET
View Plans

Why is Life Insurance Premium Calculator Necessary for a Policyholder?

Every insurer providing life insurance policies has started offering premium calculators to their customers. These calculators are essential for the policyholder in order to determine the amount they will be paid on the maturity period. As a result, the customer will quickly understand the returns they will get after the maturity period of their ULIP or endowment policies. In addition, the premium calculator furnishes a better picture of their returns and helps the policyholders in selecting the best policies for them. 

Top ULIP Funds
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
1,539 Cr
Returns
25.81%
Returns
27.49%
Highest Returns
Returns
21.65%
Get Details
2,597 Cr
Returns
24.47%
Highest Returns
Returns
23.35%
Returns
19.37%
Get Details
2,120 Cr
Returns
21.79%
Highest Returns
Returns
19.59%
Returns
18.46%
Get Details
931 Cr
Returns
17.41%
Returns
18.75%
Highest Returns
Returns
18.22%
Get Details
6,032 Cr
Returns
18.6%
Highest Returns
Returns
17.6%
Returns
17.82%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
11,524 Cr
Returns
23.12%
Returns
23.47%
Highest Returns
Returns
22.51%
Get Details
1,278 Cr
Returns
30.3%
Highest Returns
Returns
23.72%
Returns
21.48%
Get Details
3,999 Cr
Returns
25.01%
Highest Returns
Returns
21.37%
Returns
21.09%
Get Details
5,754 Cr
Returns
23.44%
Highest Returns
Returns
19.51%
Returns
20.39%
Get Details
4,690 Cr
Returns
28.29%
Highest Returns
Returns
26.79%
Returns
20.21%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
226 Cr
Returns
13.03%
Returns
14.84%
Highest Returns
Returns
13.4%
Get Details
328 Cr
Returns
11.53%
Returns
12.59%
Highest Returns
Returns
12.55%
Get Details
528 Cr
Returns
9.39%
Returns
11.13%
Returns
11.54%
Highest Returns
Get Details
796 Cr
Returns
11.86%
Returns
12.37%
Highest Returns
Returns
11.54%
Get Details
22 Cr
Returns
11.68%
Returns
12.17%
Highest Returns
Returns
11.37%
Get Details
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
478 Cr
Returns
18.54%
Highest Returns
Returns
17.53%
Returns
16.83%
Get Details
247 Cr
Returns
6.69%
Returns
8.41%
Returns
9.45%
Highest Returns
Get Details
776 Cr
Returns
5.24%
Returns
7.37%
Returns
8.4%
Highest Returns
Get Details
294 Cr
Returns
5.66%
Returns
7.27%
Returns
8.28%
Highest Returns
Get Details
446 Cr
Returns
5.24%
Returns
7.77%
Returns
8.21%
Highest Returns
Get Details

Why Should You Use SBI Life ULIP Calculator?

The SBI Life ULIP Calculator is a digital device that can present precise calculations in a matter of minutes. There are, however, many more reasons why you should use the calculator. Some of them are listed below:

  • It is convenient: The calculator is highly convenient because of its user-friendly interface. You can simply log in to the company's official website and get a quote for the plan you are interested in purchasing by inputting the details asked by the calculator.

  • Easy access: You do not need to leave the comfort of your home if you want to acquire information about the investment in a ULIP plan from the calculator. It is readily available on the website and can be accessed by anyone at any time. Customers do not need to conform to office timings to get quotes.

  • It is accurate: The SBI Life ULIP Calculator uses a specific formula to calculate the returns. Since it is computerized, it gives accurate results. Thus, the customer is not required to depend on manual calculations that are prone to errors.

  • Financial control: The calculator tells you the exact amount of investment you need in order to meet your expectations. Therefore, once you know the amount you are expected to invest in purchasing a suitable policy, you will automatically rethink your expenses and thus gain more control over your finances.

  • Decision making: SBI Life ULIP Calculator helps you to decide if you are ready to invest in the plan by giving you a fair idea of the expenses. Moreover, it can help you reform your decisions as you can use it as often as you want until you get the results per your expectations.

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

How Should You Use SBI Life ULIP Calculator?

The SBI Life ULIP Calculator is a self-explanatory tool. It can be used by anyone who has access to the internet. Listed below are the steps that you have to use to make efficient use of the SBI Life ULIP Calculator:

  • Step 1: Visit the official website of the company. There you will be able to see the SBI Life ULIP Calculator. 

  • Step 2: Select if you are purchasing the policy for yourself or someone else.

  • Step 3: Select the frequency you want to pay the policy's premium, between monthly and annually.

  • Step 4: Select the kind of plan you are interested in between balance and growth. 

  • Step 5: Use the scroll bar to decide the term of the policy, which can be anywhere between 10-30 years.

  • Step 6: Enter your name, date of birth, gender, resident status, mobile number, email id, etc. In this step, you must enter the details of the person for whom the policy is being taken.

  • Step 7: In this step, you will have to enter your details. This step will be required by those customers who are taking the policy for somebody else.

  • Step 8: The last step is selecting "Get Quote," and your premium amount will appear on the screen.

SBI Life ULIP Calculator Example

Here is a small example that will help you understand how to use the SBI Life ULIP Calculator:

  • Select "Self"

  • Choose a "Monthly" premium frequency

  • Select the "Growth" option

  • Choose the policy term to be 20 years

  • Enter your age, gender, name, resident status, city, state, contact number, and email ID

  • Click on "Get Quote"

  • Result of the calculation:

    • Installment Premium: INR 6,000

    • Annual Premium: INR 72,000

    • Sum Assured: INR 7,20,000

    • Maturity benefit if the assumed interest rate is 4%: INR 18,68,852

    • Maturity benefit if the assumed interest rate is 8%: INR 28,81,119

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

Advantages of SBI Life ULIP Calculator

Let us have a look at the advantages of using the SBI Life ULIP Calculator:

  • Financial discipline:  By using the calculator, you can learn financial discipline at an earlier stage in your life as it will tell you how much money you will need in order to fulfill your Life goals. Hence, it will teach you to manage your finances better.

  • Information without commitment: You are not expected to buy the plan after using the calculator compulsorily. You can use it simply for investment-related details based on which you may or may not decide to buy the policy.

  • Comparison option: Using the calculator allows you to compare the profits you might make by investing in plans of different insurance companies. Not only that, but you can also compare the returns between the two plan options to find a suitable plan for you that would meet your expectations as much as possible.

  • Keeps the customer updated: Since the calculator is continuously updated, you get the returns based on the current rates and charges. Therefore, you do not have to worry about visiting an office to know how the market affects the returns.

Information Required

The following information is required when using the SBI Life ULIP Plan Calculator:

  • Periodic payment method

  • Type of plan

  • Investment duration

  • Personal information like name, age, and gender

Benefits of buying the SBI Life ULIP Plan

Here are the benefits of buying an SBI Life ULIP Plan:

  • Assists in generating a large corpus: By making disciplined and timely investments, you can generate a large sum of money that can be used in the later stage of Life.

  • Security along with investment: Since it is a ULIP plan, a certain percentage of the investment will be invested in safer market instruments. The remaining portion of the investment will be used as the premium for the insurance policy.

  • Financial independence: By investing in the plan, you can rest assured that you will get guaranteed returns as the maturity value in the later stage of Life. This fact ensures your financial freedom, even when you retire from work.

  • Tax benefits: You can avail of tax benefits under Section 10(10D) and Section 80C of the Income Tax Act based on the premiums paid and returns earned. The premiums paid will help you save tax, while the returns earned are exempted from tax.

In Conclusion

The SBI Life ULIP Plan Calculator can be useful for investors who wish to invest in the plan but are unsure about the amount they will have to invest in getting the expected returns. With the help of this calculator, customers can determine the best investment for them in only a few clicks.

Frequently Asked Questions

  • Are investments made in the SBI Life ULIP Plan safe?

    Some risks are attached to the capital invested since a portion of your investments in the SBI Life ULIP plan will be invested in the market. It is because it will be affected by the fluctuations of the market. You can control this by limiting your investment in the market by selecting the balanced plan option. However, the returns provided by ULIP Plans are greater due to the risk attached.
  • Is it possible to make partial withdrawals when investing in SBI Life ULIP Plan?

    Yes. As with most ULIP Plans, SBI Life allows the customers to make partial withdrawals as and when funds are generated. These withdrawals might be made as a lump sum or in installments.
  • Are there any exclusions under the SBI Life ULIP Plan?

    Suicide is an exclusion under this plan. Therefore, if a customer commits suicide within 12 months of purchasing the policy, they will automatically be excluded and not be liable for any maturity amount payments.
  • Are the values shown by the SBI Life ULIP Plan Calculator final?

    No. The values shown by the calculator may differ slightly from the actual value that you will be expected to pay. The actual figures can be obtained after buying the policy.
  • What is the lock-in period for the plan?

    The lock-in period for the SBI Life ULIP Plan is five years. During this time, the customer is not allowed to make partial withdrawals.
  • How does the SBI Life ULIP Plan benefit the beneficiaries of the policyholder?

    In the event of the policyholder's demise, the beneficiaries are liable to claim all the plan's proceeds and the initial amount invested. Thus it protects the loved ones of the policyholder as well.
  • What is the procedure for cancellation of the SBI life ULIP plan?

    In order to get the plan canceled, the policyholder is required to fill out the surrender form and submit it to the SBI branch along with the documents. Upon verification of the paper and required documents, the SBI branch will cancel the policy.
  • How can a policyholder check the status of the SBI life ULIP Plans?

    The user is required to log in to the e-portal of SBI in order to check the status of the SBI ULIP plan. After putting the customer ID, policy number, and Date of Birth, the user will be able to see the policy details.
  • How can a policyholder get the policy renewed for the SBI life ULIP Plans?

    Renewal of policy can be made by paying the due premium in the following mode:
    • Online mode
    • SMS mode
    • SBI branch
    • By cash

*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
^Tax benefit are for Investments made up to Rs.2.5 L/ yr.
+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.

Grow your wealth & meet your Financial goals

Systematically Invest in high growth plans with returns upto 18%*
View plans
Standard T & C Apply*
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
capital guarantee
Investment Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

Ulip plans articles

Recent Articles
Popular Articles
ICICI Pru Midcap 150 Momentum 50 Index Fund

31 Jan 2024

ICICI Prudential Life is launching an open-ended New Fund
Read more
ULIP Plan Riders

17 Jan 2024

ULIP or Unit Linked Insurance Plans provide rider benefits. They
Read more
ULIP Returns in 40 Years

08 Jan 2024

Estimating the ULIP returns over 40 years offers a unique
Read more
ULIP Returns in 35 Years

04 Jan 2024

A 35-year ULIP (Unit Linked Insurance Plan) emerges as an
Read more
ULIP Returns in 30 Years

03 Jan 2024

A 30-year ULIP (Unit Linked Insurance Plan) is a type of
Read more
ULIP Calculator
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
ICICI Pru Midcap 150 Momentum 50 Index Fund
ICICI Prudential Life is launching an open-ended New Fund Offering (NFO) ICICI Prudential Life Midcap 150
Read more
7 Things to Know About the Tax Benefits of ULIPs
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
SBI Life Smart Privilege Plan: Benefits & Features
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance
Read more

top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL