You have no recent searches! Please start exploring our plans & calculators. You can also explore various queries by typing a keyword. Or you can also search by tags listed here.
The current pandemic has yet again shown the volatility and uncertainty existing in life. While you can never predict uncertainties, you can combat them to some extent. This requires a prudent financial plan. Insurance and investments are two key aspects of planning. Both are attainable through a single financial product - Unit Linked Insurance Plan (ULIP). ULIP is a dual product offering a mix of insurance as well as investment.
A fair understanding of the premium amount and the anticipated returns aids in making calculative investment decisions. It is thus important to comprehend how ULIPS work for assessing the functionality of a ULIP calculator.
ULIP provides twin advantages through a single financial product. A part of the premium is set aside for covering your life. And, the other part gets invested in mutual funds. You can choose the fund type in which you want the investment to happen. Basis your investment preference and risk-appetite you can either opt for equity, debt or mix of both. You then receive units in proportionate to the investment made. The performance of the units may be tracked through its Net Asset Value (NAV).
Thus ULIP has the potential of creating a corpus over time and can support long-term investment objectives. You may consider ULIP for planning your retirement, children’s education or their marriage.
Apart from the dual offerings of insurance and investment, there are other benefits of investing in ULIP.
Death claim normally comprises of the sum assured or the fund value. Your family receives the death benefits on the demise. Hence, ULIP extends financial support during unfortunate times. Besides, the death proceeds are tax-free1 under Section 10 (10D).
We, at Tata AIA, understand the importance of insuring your life and generating wealth. So, we offer a range of ULIP products that help you get the dual benefit of insurance and wealth creation. Following are our ULIP offerings^:
Each plan is unique to suit your custom requirements. You may seek the proficient advice of a Tata AIA consultant to choose the best-suited plan.
A ULIP calculator is a customized computing tool. It aids in knowing the expected future value of the investments. Besides, it may also support a comparative analysis between the different ULIP plans.
A ULIP calculator aids in calculating the ULIP premium amount. It also helps in comprehending the anticipated returns from the investment. Considering the amount of premium and the policy tenure, it computes the expected returns from the ULIP plan. Besides, some calculators also aid in undertaking comparative analysis.
Hence, you can choose the most suitable plan using the ULIP calculator. It is a beneficial tool for determining the probable amount of investments needed for achieving your financial goals.
Hence, on evaluating the quantified results, you can invest in the ULIP plan of your choice.
Investing in ULIP has an added advantage of gradual wealth creation. Using the ULIP calculator is beneficial in making a well-versed investment decision. Thus besides the primary objective of covering your life, ULIP can support in fulfilling your long term financial objectives.
By submitting your details, you are giving your consent to receive SMS/Call by Tata AIA Life Insurance Company Limited or its representative, with reference to this solicited inquiry even though you may be registered on the DND list. L&C/Advt/2019/Jan/075