ULIP Calculator

Yes, you can use the online ULIP calculator for computing the returns even if you buy the policy offline. The aim of the online calculator is to make the calculation of the returns easier and more accurate, which can be quite a time-consuming process and prone to errors when done manually.

A ULIP can be a good investment if you are investing in it after considering your risk appetite and your investment goals. However, ULIPs offer market-linked returns and, therefore, carry some risks, which may not be suitable for all types of investors.
 

While it is also possible for low-risk investors to opt for ULIPs, a decent understanding of ULIPs, as well as the selected funds is necessary. It is also important to track the funds periodically and switch between funds if needed to ensure that they can offer you the expected returns.

When you are selecting a ULIP policy, the plans are categorised on the basis of their offerings and the fund allocation. Hence, there are balanced plans, aggressive plans and conservative plans that are designed for investors with the respective investment portfolios and risk appetites.
 

Any type of investor can invest in a ULIP policy; however, it is important to understand that the returns are market-linked^~, and some knowledge of ULIPs as well as the market is essential.

To calculate the NAV or Net Asset Value of a ULIP, the total ULIP funds on a given date will have to be considered. However, the total ULIP holdings will not include the fund management fees, policy administration charges, etc. Therefore, this amount (minus the charges) will have to be divided by the total number of units in the ULIP to get the NAV per unit.

These are the different ULIP plans offered by Tata AIA Life Insurance:

• Tata AIA Life Insurance Fortune Pro (UIN: 110L112V06) - Unit Linked, Individual Life Insurance Savings Plan
• Tata AIA Life Insurance Smart Sampoorna Raksha (110L156V03) - Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection
• Param Rakshak (Return of Premium) Solution
• Param Rakshak Plus Solution

When you buy a ULIP policy, your insurance provider will offer you flexible choices under the premium payment term, the premium payment frequency and mode. For instance, you can choose to pay regular premiums on a monthly basis for a period of 10 years for a policy term of 10 years.
 

If you purchase the policy online, you will be able to select any of the online payment options to pay your premiums. Likewise, if you have purchased the policy offline, you can make the premium payments at your insurance provider’s office or look for online payment options as well.

Yes, you can change the variables such as the premium payment term, policy term, the type of plan and the expected rate of return on the online ULIP calculator. That way, you will be able to know the different returns on the policy as per your investment. However, be realistic in your calculation and input only the correct information for accurate results. Also, note that the online calculator can only give you a fair and reliable estimate and not the exact figures.

No, the ULIP calculator does not calculate the rider⁶ premiums because these are optional benefits. You can choose to have them added to your ULIP for an additional charge as per your needs and the emergencies you need coverage against.

Yes, the ULIP investment calculator will also compute the life insurance since the life cover is included under the same policy. But do note that the life insurance sum assured will only be paid out to your selected beneficiaries in the event of your demise during the policy term. The insurance cover will not be part of the maturity benefits that are paid out when you survive the policy term.

Since the returns on a Unit-Linked Insurance Plan are dependent on the fund performance in the market, they are not guaranteed returns. However, you can carefully choose your investment funds as per your risk profile and your investment goals and also switch between funds to get the expected returns on your ULIP plan.

The amount invested in ULIP funds is collected from the policyholder. The net amount in the fund is split into equal units, and a certain number of units will be assigned to every policyholder depending on how many units their investment purchases.
 

The fund value will be the current market value of all your investments and units in different funds, and the performance of these funds will be based on the market performance.

• THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.
• Param Rakshak solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha - A Unit-linked, Non-participating, Individual Life Plan for Savings and Protection (UIN:110L156V03), Tata AIA Vitality Protect Plus - A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V02 or any other later version). Tata AIA Smart Sampoorna Raksha is also available individually for sale.
• Param Rakshak Plus solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN:110L156V03), Tata AIA Vitality Protect Plus, Non-participating, Individual Health Rider (UIN: 110A048V02) and Tata AIA Vitality Health Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A047V02). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
• The complete name of Tata AIA Fortune Pro is Tata AIA Life Insurance Fortune Pro (UIN: 110L112V06) - Unit Linked Individual Life Insurance Savings Plan.
• ^~Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
• ^#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.
• ¹All funds open for new business which have completed 5 years since inception are rated 4 or 5 star by Morningstar on a 5-year basis as of Mar’2023
• ²5-year computed NAV for Multi Cap Fund as of Oct’2023. Other funds are also available.
• ³Subject to a maximum term of 40 years
• ⁴©2020 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar); (2) may not be copied, redistributed or used by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from the data published on various dates and procured from various sources and (5) shall not be construed as a n offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates, or agents shall be responsible or liable for any traducing decisions, damages or other losses resulting directly or indirectly from the information.
• ⁵Loyalty Additions will be credited only if Policy is in-force and all due premiums have been paid. For Regular Pay & Limited Pay, additional units @ 0.20% of units in each of the funds under Regular Premium Account will be credited (post deduction of applicable charges) to the respective funds every Policy Anniversary starting from eleventh (11th) Policy Anniversary till end of Policy Term. For Single Pay, additional units @ 0.35% of units in each of the funds under the Single Premium Account will be credited (post deduction of applicable charges) to the respective funds every policy anniversary starting from sixth (6th) Policy Anniversary till end of Policy Term. Loyalty Additions are not payable on Top-up Premium Account.
• ⁶Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
  

• For ULIP products

  • Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
  • The fund is managed by Tata AIA Life Insurance Company Ltd. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
  • Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any).
  • Investments are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
  • Please make your own independent decision after consulting your financial or other professional advisor.
  • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company, Tata AIA Life Insurance Fortune Pro, Tata AIA Life Insurance Smart Sampoorna Raksha are only the names of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
  • The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
  • Premium paid in the Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Insured is responsible for his/her decisions.
  • Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the Insurance Company. 
  • 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/Dec/4183