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Cost Of Delay Calculator - Icon

Cost of Delay
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The maturity benefit equals to ₹ 22,80,000

if you start investing TODAY

The maturity benefit equals to ₹ 27,80,000

Total cost of delay

₹ 3,65,234 3.6 Lakhs

To Fulfill your goal

*Conditions apply

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People frequently asked us about…
What is the meaning of ‘cost of delay?’

The earlier you start to invest or save up for your future, the more time your money has to multiply. So, naturally, if you begin your investment journey today, your maturity benefits would be higher than if you put off your investments for a couple of years or so. 

To compensate for this delay, and receive the same level of maturity benefits as you would have if you started investing today, you will eventually need to pay a higher premium. This additional expense is the cost of delay.

What does the cost of delay calculator show me?

The cost of delay calculator shows you the impact any delay in investments can have on your finances. It displays the difference in your maturity benefits if you start investing today, as compared to the maturity benefits that you would receive if you delayed your investments by a few months or years. This gives you a fair idea of the amount by which your end benefits are reduced, thereby encouraging you to invest early and reap higher returns.

In order to make up for the loss of benefits due to the delay, you will need to pay a higher premium. That way, you could still enjoy undiminished maturity benefits. But this comes at an added cost. A cost of delay calculator shows you what this additional premium (or cost) is.

What are the disadvantages of delayed investments?

Delaying your investments is never a good idea. When you put off getting started on your investment journey even by a few years, you run the risk of getting weaker returns and benefits that are much lower. Your risk appetite may also become more conservative as you age, so your preference for certain investment options like equity also change correspondingly. You become less open to the idea of investing in such aggressive options, which, in turn, can further lower the possible maturity benefits you could enjoy.

This is why it’s advisable to invest in savings plans and ULIPs at an early age, so you can give your money ample time to multiply.   

How do I use the cost of delay calculator?

Using the cost of delay calculator is quite simple. You need to enter the necessary details such as the amount you wish to invest on a monthly basis, the investment tenure, the expected rate of return, and the period by which you are likely to delay your investments. With these inputs, the cost of delay calculator computes the total cost that you are likely to incur on account of the delay. 

Why should I use the cost of delay calculator?

Occasionally, you may find yourself at a point in life where you may contemplate putting off your investments by a few months or a few years. The exact financial impact of this may be unclear, but when you quantify the costs associated with such a delay, you will get a clearer picture of how such a delay can affect your finances. This is the key reason to use a cost of delay calculator. 

The easy-to-use online tool helps you understand the impact of delaying your investments by any given number of years. When you see such a metric quantified, it makes the decision to invest early in life easier, since you have a fair idea of the additional costs you can avoid by investing sooner.

Disclaimers

  • Please make your own independent decision after consulting your financial or other professional advisor.
  • ~Available under Regular Income with an Inbuilt Critical Illness Benefit option
  • *Guaranteed Income shall be a fixed percentage of the Annualised Premium / Single Premium (excluding discount) payable in a year. Guaranteed Annual Income as per the chosen Income Frequency shall commence after maturity till the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
  • ^Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
  • $Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
  • %Cash bonuses (if declared) will be paid out at the end of the chosen pay-out frequency.
  • #Only available with cash bonus option.
  • Insurance cover is available under the product.
  • The products are underwritten by Tata AIA Life Insurance Company Ltd.
  • The plans are not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • L&C/Advt/2023/Mar/0866