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A ULIP (Unit Linked Insurance Plan) is a popular life insurance plan that combines wealth protection and growth under a single policy. Your ULIP premium is divided between investment and insurance. The ULIP may grow your wealth by investing in a series of funds that give you market-linked returns in the long term, and keeps you protected with insurance cover for you and your family.
Use our free and easy ULIP calculator below to calculate your expected returns and select the right ULIP for you.
Now that you know how a ULIP calculator works, here are some of the benefits of using this simple online tool:
The ULIP return calculator online is an easy-to-use automatic tool that only requires you to provide the correct information to compute the returns.
Since ULIP calculators are free online offerings, you need not pay any fees to use them. Instead, you can simply visit your insurance provider’s official website to use it.
A ULIP calculator can help you make informed decisions on your investment tenure, your investment amount, the policy term, and your choice of policy.
The ULIP investment calculator is an important tool to help you create a financial plan over the long term. Once you know the estimated returns on your ULIP policy, you can plan and fulfil your financial commitments and obligations accordingly.
By using a ULIP calculator, you can select the type of plan and choose one from the range of plans under the category. This makes it easier for you to pick a suitable ULIP instead of browsing through numerous plans.
Many investors may not be aware of how long they need to invest their money to get the desired returns. A ULIP investment calculator shows the expected returns based on many factors, including the investment duration, which offers better clarity.
In this policy, the investment risk in investment portfolio is borne by the policyholder.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
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, A Non-Linked, 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 Smart Sampoorna Raksha is also available individually for sale.
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.
What is an Online ULIP Calculator?
An online ULIP calculator is a free and convenient tool that is designed to help investors and policy buyers select a Unit-Linked Insurance Plan that matches their investment goals and helps them understand how much they should invest in the policy.
Even though this online tool is easy to use, it helps simplify the complex process of how you can meet your investment goals by investing a certain amount over a specific time period as per your preference and affordability.
The aim of the online ULIP calculator is to help you save the time and effort taken to calculate your expected investment returns manually. Investors rely on ULIP calculators to know an approximate investment return since other factors such as the inflation rate and the market’s performance can vary with time.
Why Use a ULIP Calculator?
A Unit Linked Insurance Plan, though a life insurance policy, is also a wealth creation plan, which makes it necessary for the policyholder to know how they should invest in the ULIP. By using a ULIP calculator, the policyholders can know their amount, the tenure as well as the premium payment term and the type of plans they can choose from.
Since there are a variety of ULIP policies available, a ULIP calculator makes it easier for you to select a suitable policy based on how much you can invest, and the expected market returns generated by the policy based on your risk appetite. As a market-linked investment plan, a ULIP does not offer guaranteed returns on maturity. Hence, using a ULIP calculator is essential for carefully planning an investment that lets you choose the plan and the investment funds under it as per your goals and the affordability of premiums.
A ULIP calculator also helps you compute the guaranteed sum assured life cover that will be paid out to your family in case of your demise during the policy term. Hence, the objective of using a ULIP return calculator online is to understand your estimated investment returns as well as the life cover protection for your family.
How Does a ULIP Calculator Work?
The ULIP return calculator online is a free and easy-to-use online tool that you can easily access on your insurance provider’s official website. However, since ULIPs are market-linked products, it is advisable first to know all the variables of your investment before you purchase a suitable plan for yourself.
Most ULIP calculators you come across will enable you to choose the type of plan you are looking for. For example, you can choose from Balanced, Conservative, or Aggressive investment plans depending on the type of investor you are and your risk appetite. In addition, you will be able to know your returns based on your investment amount, investment tenure, and your premium payment term.
Since ULIPs also have a life insurance component, the life cover of your policy will also be calculated by the online calculator. Therefore, the death benefit sum assured provided by the life cover will protect your family in case of an unfortunate uncertainty.
The ULIP return calculator online will give you the closest estimate of the actual returns on your policy. However, there are other factors, such as the choice of investment funds and the rate of inflation, that may affect the actual ULIP returns.
Below are some of the salient features of using a ULIP calculator:
The ULIP plan return calculator gives you a clear picture of your investment amount and your investment horizon to understand the expected return. This offering also helps you choose investment funds based on the type of plan you are seeking. By choosing a suitable plan, you can take steps to match the estimated return.
If you have planned out some goals to be achieved, use the ULIP return calculator online to know the investment term and premium payment schedule during which you can accumulate adequate funds to meet these goals. Hence, your goals can be met as per the investment horizon and returns generated on the ULIP.
With a ULIP calculator online, your returns can be calculated in a matter of minutes, and the results are quite close to the actual returns since there are other factors that influence the returns too. Moreover, you need not risk making any mistakes in the calculation which is highly possible if the computation is manual.
While using a ULIP plan return calculator, you can choose the investment amount and tenure of your choice and also try different combinations and permutations to see how you can plan your investment. This will, however, be subject to the terms and conditions of the ULIP policy you choose.
Our experts are happy to help you!
Can I purchase a ULIP offline after using the online 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.
Are ULIPs a good investment?
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.
What type of investors should invest in ULIPs?
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.
How is the Net Asset Value of a ULIP calculated?
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.
What are the popular Tata AIA Life Insurance Unit-Linked Insurance Plans?
These are the different ULIP plans offered by Tata AIA Life Insurance:
How do I pay my ULIP premiums?
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.
Can I adjust the variables on a ULIP calculator?
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.
Will the ULIP calculator also calculate the rider premiums?
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.
Does the ULIP investment calculator also calculate the life insurance cover?
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.
Will I get guaranteed returns on a Unit-Linked Insurance Plan?
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.
What is the meaning of the ULIP fund value?
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.
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