How Does a Crorepati Calculator Work?
A Crorepati calculator is a user-friendly online tool that functions on a formula to give you accurate estimates of your returns in crores. This calculator is mainly useful for those who want to compute large investment amounts, such as in lakhs, so their financial corpus can be at least a few crores.
With some basic details such as your current financial or investment capacity, the investment tenure, your risk profile, and other relevant factors, you can have the Crorepati calculator to let you know how much money you need to invest. Most people who earn lakhs of rupees tend to make manual calculations for the purpose of creating wealth. However, in such cases, you may end up making many errors in calculation. A Crorepati calculator online saves you some time by offering accurate results.
A lot of variable factors are also part of the Crorepati calculator, which helps fetch realistic results. The amount you invest should be calculated after considering the inflation rate, which can be responsible for diminishing your returns. For instance, if you want to receive 10 crores after a period of 25 years, choose the current inflation rate on the calculator that gives you the actual amount you need to invest each month since inflation rates fluctuate quite a bit
How to Use a Crorepati Calculator Online?
Using a Crorepati calculator can be simple if you follow the steps shown on the online calculator. However, one of the salient features of this calculator is that you can use it from time to time if you want to make changes to your investment portfolio.
This is because each year, some investments may perform differently and may need to be reviewed. And every time, the Crorepati calculator can help you invest a new amount as per your needs. To use a Crorepati calculator online, simply visit the official website of Tata AIA Life Insurance and follow the below steps:
✔ Then, go to the Calculators tab and click on the Crorepati Calculator.
✔ Fill in all the details, such as your age, how much you want to invest, the investment tenure, the expected rate of return, etc.
✔ Once you submit these details, you will be able to view exactly how much you need to invest each month, the total investment amount, and the expected returns at the end of the investment tenure.
This can easily help you choose an investment instrument as per your risk profile or a suitable Unit-Linked Insurance Plan that can offer the expected returns in crores on the maturity of the policy.