A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium amount and check the ULIP returns. There are numerous financial websites that provide the facility of ULIP calculator. On basis of the premium amount and tenure of the policy, the ULIP calculator calculates the returns offered by a specific ULIP plan.Read more
Guaranteed Tax SavingsUnder sec 80C & 10(10D)
₹1 CroreInvest ₹10k Per Month*
Zero LTCG TaxUnlike 10% in Mutual Funds
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
Moreover, some of the ULIP calculators also provide the option to compare different ULIP plans on basis of the returns and zero in on the best plan. With the help of ULIP calculator, an individual can opt for the ULIP plan that offers maximum returns on investment.
As ULIP plans offered the dual benefit of insurance cum investment, it is considered as one of the best financial instruments. ULIPs are best suited for individuals who want are looking for safe investment option and want to create maximum return on investment. However, with the wide range of ULIP plans available in the market, it often becomes difficult for investors to choose the plan that best suits their requirement or suitability. This is where the ULIP calculator comes into action. The online ULIP calculator enables the investors to compute the amount they require to invest in ULIP plan in order to achieve their long-term and short-term financial goals.
While using the ULIP calculator it is important for insurance buyers to keep important details handy like frequency of premium payment, the type of funds, the amount of money one wants to invest, the expected rate of returns on investment. By entering these details on online ULIP calculator one can calculate the precise value of the rate of return on investment. Let’s take a look at the step by step process of using the ULIP calculator in order to calculate investment returns.
Step 1- Primarily, the investors are required to log in to the online free ULIP calculator.
Step2- Once the individual login to the free ULIP calculator online, the investor will be required to enter the amount they want to invest in the ULIP plan. According to one’s own suitability the investors can choose to invest a minimum premium of Rs1500 per month.
Step3- the next step includes to select the frequency of premium payment. According to one’s own suitability, an individual can pay the premium either in lump-sum or in annually, quarterly or monthly installments.
Step4- The next step includes to choose the tenure of the policy.
Step5- In the next step, the insured will have to enter the amount from their premium payment which they want to allocate for investment.
Step6- The insured will have to select the lock-in period of investment. ULIP plans offer a minimum lock-in period of 5 years. However, according to the market experts it is suggested to be invested for a long period of time in order to gain the maximum return on investment.
Step7- The next step includes the selection of funds in which the investor wants to put their money. The investors can choose to invest in equity instruments, debt fund or a combination of both the investment instrument. However, before making the investment it is very important to check how the fund has performed in pats in the market. In order to gain profitable returns on investment, it is always advisable to invest in funds which have performed well in the market in the past 3 years.
After the policy buyers complete filling all the important information he/she will have to enter the personal details like gender, date of birth and whether they smoke or not in order to avail the exact value of investment they will accumulate while investing in ULIP plan.
The usage of online ULIP calculator is very easy and hassle-free. Moreover, one does not have to spend extra money from their pocket in order to get the information regarding their investment. In order to understand the amount of money one needs to invest to meet their future financial goals, the investors can also change the variables while using the ULIP calculator. However, for investors, it is important to keep in mind that while computing the returns on investment, ULIP calculators also take into consideration the estimated inflation rate.
ULIP calculator comes with a host of features to help the investors to create a corpus, enjoy tax benefit and secure their loved ones financially so that they can deal with any type of eventualities. Let’s take a look at some of the salient features of the ULIP calculator.
Online ULIP calculators offer numerous benefits to its investors; let’s take a look at some of the benefits of using a ULIP calculator.
|PLAN NAME||ENTRY AGE||MINIMUM PREMIUM|
|Aegon iMaximize||18yrs to 50 years||Rs. 24000 to 36000|
|Aviva igrowth||18yrs to 50 years||Rs. 18000 to 35000|
|Bajaj Allianz Future Gain||1yr to 60 years||Rs. 2500 to 25000|
|Bharti Axa eFutureInvest||18yrs to 60 years||Rs. 18000 to 25000|
|HDFC Life Click2Invest||0 to 65 years||Rs. 1000 to 24000|
|ICICI Prudential Life time Classic||0 to 65 years||Rs. 30000 to 50000|
|Max Life Fast Track Growth Fund||18yrs to 50 years||Rs. 25000 to 100000|
|PNB Metlife Smart Platinum||7yrs to 70 years||Rs. 30000 to 60000|
|SBI Life eWealth||18yrs to 50 years||Rs. 1000 to 24000|
|Tata AIG Life Invest Assure II – Balanced Fund||4yrs to 55 years||Rs. 75000 to 120000|
Disclaimer: “Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.”
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