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Saving Calculator

A savings calculator helps estimate how regular contributions grow over time based on the time frame and applicable interest... Read more rate. Whether you are saving for retirement, your child's higher education, buying a home, or another long-term financial goal, the calculator helps you understand the amount you may need to save based on your target, investment duration, expected rate of return, and savings frequency. By comparing different saving scenarios, you can make more informed financial decisions and stay focused on achieving your financial objectives. Read less

Get ₹46 Lakh + Guaranteed Returns by paying ₹8,830/month¹

Tax-free² long term income

Get back 100% premiums paid³

¹Premium excluding taxes for age group of 18 to 50, Male/Female, standard life, plan option 1(Regular income), Premium payment Term 10 years, Policy Term 15 years, Income term 30 years, Income will start from 16^th year. Total guaranteed benefit: ₹47,49,400

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Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Email ID

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Saving Calculator

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Income Payout

Return of Premium^#

Total Guaranteed Return

By paying 12,000/month

Total premium: 12,000/month

Life cover included

₹ 4.2 Lakh

₹ 1 Crore

Pay (Total)

You Get(Returns)

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Tata AIA Life Insurance Fortune Guarantee Plus 110N158V14 - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan.

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Popular Tata AIA Life Insurance Savings Plans

Solution Composition

This advertisement is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V02) and (2) Tata AIA Health Buddy, Non-Participating, Non-Linked, Individual Health Product (UIN: 110N183V01). These products are also available for sale individually without the combination offered/ suggested.

Tata AIA

Fortune Guarantee Plus

Pay Rs.8,830/month¹ for 10 years & get Rs. 47 Lakh+ maturity amount
Guaranteed⁴ & tax-free² benefit
Get 100% premium back³

Calculate Premium

Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N158V14) | ⁴T&C apply

Solution Composition

Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP, a non-participating, unit-linked, individual life insurance savings plan (UIN: 110L174V02), and Tata AIA Health Buddy, Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Both Tata AIA Smart SIP and Tata AIA Health Buddy are also available for sale individually.

Tata AIA

Shubh Flexi Income Plan

Start receiving income within 3 days of policy issuance
Receive cash bonus from the 1st policy month/year⁶
Grow income with sub-wallet⁷ feature and withdraw as needed

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Individual, non-linked, participating, Life Insurance Savings Plan (UIN: 110N207V03)

Solution Composition

Tata AIA

Fortune Guarantee Supreme

Pay ₹1 Lakh for 6 years⁸, Get ₹41,080 for 25 years with Life cover.
Immediate Income Option
2% discount for women

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IIndividual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN110N163V13)

What is a savings calculator?

A savings calculator is an online financial planning tool that estimates the amount you may accumulate by saving regularly over a specific period. By considering factors such as your contribution amount, expected return rate, investment duration, and savings frequency, it helps you plan and monitor progress towards your financial goals.

How do savings calculator work?

A savings plan calculator estimates your future savings by using a few basic inputs. After you enter the required information, it calculates an estimated savings amount and shows how regular contributions may grow over time.

How much do you want to save?

Begin by entering your target savings amount or the amount you plan to contribute regularly. A monthly savings calculator uses this information as the starting point to estimate the savings required to achieve your financial goal.
How long do you want to save?

Next, choose the period for which you intend to save. The selected duration influences how long your contributions remain invested and plays an important role in estimating the final savings amount.
How do you want to save?

Select whether you want to contribute monthly or annually. The calculator also considers the expected rate of return entered by you. An interest calculator savings tool applies these details to estimate how your savings may accumulate over the selected period.
The final result

After processing your inputs, the money saving calculator provides an estimated projection of your savings and the regular contribution required to reach your target. For example, if your goal is to accumulate ₹10 lakh in 10 years with an assumed annual return of 8%, the calculator estimates the monthly amount you may need to save to work towards that objective. These projections are illustrative and depend on the assumptions entered by the user.

Benefits Of Using Savings Calculator

A savings calculator is more than just a mere calculating tool. It is helpful in planning for your financial goals and savings so that you can meet your objectives without having to worry about dipping into your emergency savings funds.

Here are some of the main benefits of a savings calculator:

Work on Systematic Savings

Work on Systematic Savings

When you use a savings calculator, you can understand how much money you need to save each month to accumulate the desired savings amount. As a result of this, you can start saving your money regularly so that you can allocate some funds to your savings in a disciplined way without hampering your other essential financial needs, such as household expenses.

Plan for Financial Goals

Savings Calculator for Precise Decisions

Plan for Financial Goals

Your financial goals, especially big purchases such as purchasing a house, starting a new business, etc., need to be planned well in advance. Without proper planning, you may end up with some debts and loans that can come in the way of achieving your goals. Since the savings calculator provides the estimate for your guaranteed¹¹ returns, you can make precise financial decisions on your future goals.

Maintain your lifestyle

Maintain Lifestyle with Savings Plan Calculator

Maintain your lifestyle

Important milestones such as a wedding or the birth of a child mean new financial responsibilities. With the savings plan calculator, you can account for and target these life stages with adequate life cover and savings to handle the responsibilities without compromising on your current lifestyle.

Choice of Savings Plan

Choice of Savings Plan

Once you know how much you need to save for your goals, the Tata AIA Life Insurance savings calculator can show you which savings plans are most suitable for your savings goals. By choosing a savings plan that is suited to your needs, you will be able to save regularly until your financial objectives are met.

Financial Security for Dependents

Financial Security for Dependents

With our savings calculator, you can choose the savings plan and their features for purchasing it for your spouse or children (minor or major). You can decide on an endowment benefit or regular income and when they can start receiving the benefits based on the financial commitments.

Quick and Efficient

Savings Calculator for Hassle-Free Planning

Quick and Efficient

The savings calculator is a simple online tool that can help determine your savings plan with the necessary features quickly and efficiently. You will not need any expert help to understand how to use the calculator and its flexible features.

Why Choose Tata AIA Life Insurance Savings Plans?

Get Guarantee Income¹¹

For a worry-free future
Express Claim Settlement

Get your claims settled under 4 hours¹⁰
Save Tax up to Rs 46,800⁹

As per applicable Income Tax laws
99.45%

Individual Death Claim Settlement Ratio¹² in FY 2025- 26

¹¹T&C apply | ¹⁰T&C apply

How To Use Tata AIA Savings Calculator?

Here is how to use the Tata AIA life insurance savings plan calculator

Enter Basic Details: Start with your name, date of birth, and mobile number. It’s straightforward and gives you access.

Choose Investment Frequency: Decide how you want to contribute monthly or annually. Many people prefer monthly payments for better discipline.

Set Investment Duration: Enter how long you plan to stay invested. This directly affects your outcome.

Enter Expected Rate of Return: Add a reasonable return estimate. It doesn’t have to be perfect, just realistic.

Input Investment Amount: Enter how much you can comfortably set aside on a regular basis.

Click on ‘Calculate’: The tool will instantly show projected growth, returns, and overall trends.

Review Suggested Plans: Go through the results carefully. Many times, small adjustments here can make a noticeable difference to long-term goals.

What Is a Savings Goal?

A savings goal is a financial goal that you want to accomplish in the near future or at a later date for which you need to plan and save funds over a definite period to ensure achieving them as desired. Depending on the goal, you can decide on the timeline, whether short-term or long-term and the necessary funds.

To determine the necessary funds, calculate the amount required to accomplish them now and account for the inflation rate based on the timeframe. Some of the common savings’ goals are:

Save for Retirement

It is important to create a savings fund for your retirement as, during your golden years, you will not have the benefit of a monthly salary. Therefore, to plan for your retirement, it is advisable to save for a period of 10-20 years, depending on how much money you will need for all the expenses after you retire.

Save for Big Purchases

Big purchases and expenses such as buying a house, relocating to a new city, starting a business, or saving for your child’s higher education need careful planning. These goals should be planned well in advance and require at least 5-10 years of savings for you to be able to achieve them.

Emergency Fund

Apart from saving for all your financial goals, have an emergency fund to help you in serious situations. For example, in case of a medical emergency or a loss of income, you must have a financial support system to enable your family and you cover all your expenses for at least a year.

How Can a Savings Calculator Help You Understand Your Monthly Savings Contribution?

Apart from helping you calculate your total savings; a savings calculator offers an indication of how much you need to save and contribute towards a savings plan each month or on a regular basis. Therefore, if you are investing in a savings plan, you will also be able to determine the monthly premiums for the savings policy to meet your savings goal.

When you have clarity on the target amount for the financial accomplishments and the necessary timelines, you can find the regular savings that you need to afford with the savings calculator. Just key in a few details, such as the amount you can afford to save regularly, the policy tenure required, the convenient premium payment frequency, etc., and keep revising the inputs until you get the most affordable premium for the guaranteed¹¹ maturity returns.

For example, suppose you need ₹17 lakhs to purchase a new car after 5 years. In that case, you can key in the details, such as the amount you can afford to save every month, the policy tenure (5 year), and the payment frequency(monthly), to determine the exact monthly savings required for the estimated guaranteed¹¹ maturity returns (₹17 lakhs).

Decide on the financial goal and the required funds accounting for the inflation rate and the timelines to determine the monthly contribution precisely.

The savings tenure is also an important component of your savings. While you can opt for short-term savings, it is always advisable to save over the long term, at least 5 - 10 years.

Conclusion

A savings calculator simplifies financial planning by helping you estimate the amount you may need to save regularly to work towards your future goals. By adjusting different inputs, you can compare multiple saving scenarios and understand how factors such as investment duration, contribution frequency, and expected returns influence your projected savings. These estimates can serve as a useful starting point for planning and reviewing your financial strategy. Regularly using the calculator can also help you monitor your progress and make adjustments as your financial goals evolve.

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Frequently Asked Questions About Savings Calculator

How does savings insurance work?

A savings insurance plan provides dual benefits, life cover, and guaranteed¹¹ maturity returns in exchange for the premiums paid during the policy tenure. In the event of the unexpected death of the policyholder, the nominee will receive the sum assured as the death benefit.

On the other hand, if the policyholder survives the policy term, they will receive the guaranteed¹¹ returns as the maturity benefit. With the savings calculator, you can determine the amount that needs to be saved regularly for the desired guaranteed¹¹ returns and the policy tenure.
What is the best way to calculate savings?

The best way to calculate savings is to use a savings calculator. It is user-friendly, less time-consuming, and available online. You just need to provide a few details, such as the amount you can save regularly, the payment period, and the frequency of payment.

The calculator will provide details of the applicable life cover and the guaranteed¹¹returns. In addition, you can revise the inputs to find the best savings plan and the most convenient way to save regularly.
Why should I use a savings calculator?
Using a savings calculator can be helpful for the following reasons:
- Determine the regular savings required to accomplish a financial goal.
- Save funds without affecting your current lifestyle.
- Make a long-term financial plan incorporating the results of the savings plan calculator.
- Make well-informed financial decisions to avoid using emergency funds for a planned financial goal.
How can savings plans help you save tax?

The tax benefits² that one can avail of on a savings plan are as per the prevailing tax laws and may be subject to change at any time. As per Section 80C of the Income Tax Act, premiums paid towards all life insurance plans for every financial year are eligible for a tax deduction of up to ₹1.5 Lakhs, subject to the terms and conditions of the policy. Therefore, one can claim taxbenefits on the savings plan premiums paid during a financial year.

To enhance the scope and coverage of a savings plan, one can also add one or more optional riders¹¹ to their base policy, whose premiums are not included in the base policy. By adding a critical illness rider¹³ or a health rider¹⁴ to the base savings plan, one can avail of tax deductions on the rider premiums under Section 80D of the Income Tax Act.

Tax benefits are also applicable to the death benefits, or the maturity proceeds of a savings policy. Under Section 10(10D) of the Income Tax Act, the death benefit sum assured, paid out to the nominee or the family on the death of the policyholder, is exempt from taxes. Similarly, the maturity proceeds or the savings on the policy may also be exempt from taxes², subject to policy terms and conditions.
Can I prepare a financial plan with a savings calculator?

Yes, one of the primary reasons why many people use a savings calculator in India is to understand how much money they should save over a certain period. For example, suppose you have some financial goals to be met in about 10 years. In that case, the savings calculator lets you know the amount to be saved during this period and an estimated return on your savings while also considering the inflation rate and other factors.
Will the savings calculator help me choose a savings plan?

If you use the Tata AIA Life Insurance savings calculator, you will receive a recommendation on which savings plans may be most suitable for your savings and financial goals. By comparing these plans, you can then choose one policy which makes it possible for you to meet your financial objectives.

Alternatively, if you are choosing between any of our savings plans and want to estimate your returns in the future from savings, our online savings calculator can help you know the amount you need to save.
Is an online savings calculator better than an offline savings calculator?

Yes, an online savings calculator offers accurate results based on the information you provide. Hence, if you fill in the correct details about your savings, you can get the right estimation of your expected savings by the end of the savings period.

Since the calculation is done online, there is also no room for human errors. And lastly, an online savings calculator also saves a lot of time as compared to the manual calculations of your savings.
Do I need to pay to use an online savings calculator?

No, using an online savings calculator does not incur any charges since this is a free and easy-to-use online tool. You can simply visit the official Tata AIA Life Insurance website and use the savings calculator.

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Disclaimer
- The complete name of Tata AIA Fortune Guarantee Plus is Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V14) - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan.
- Tata AIA Fortune Guarantee Supreme - Individual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN110N163V13)
- Tata AIA Shubh Flexi Income Plan (UIN: 110N207V03) - Individual, Non-Linked, participating, Life Insurance Savings Plan
- Tata AIA Fortune Guarantee Secure - Individual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN: 110N206V03).
- ¹Premium excluding taxes for age group of 18 to 50, Male, Standard life, Plan Option 1 (Regular Income), Policy term 15 years, Income term 30 years. Total Guaranteed Benefit: Rs. 47,49,400. Please refer to Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
- ²No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Income Tax benefits would be available, subject to fulfillment of conditions of aggregate premium within threshold limit of ₹2.50 Lakh/annum for ULIP and ₹5.0 Lakh/annum for non ULIP Life insurance and maintaining conditions of premium to sum assured ratio as stipulated therein in Section 11, Schedule II (erstwhile Section10(10D)) of Income Tax Act 2025. 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.
- ³Return of Premium shall be the sum of Guaranteed Maturity Benefit plus Milestone Benefit and shall be payable at the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
- ⁴Guaranteed Annual Incom 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
- ⁶Cash bonuses (if declared) may be opted to be paid out at the end of the chosen pay-out frequency or as premiums offset. Alternatively, the cash bonus (if declared) can be chosen to be accumulated and paid out on maturity, death or surrender. Cash bonuses are applicable for Early income and Deferred income option. Please refer Brochure for additional details.
- ⁷Cash bonuses, if declared, may be fully or partially received in the sub-wallet. The policyholder may withdraw the sub-wallet balance, in part or in full, at any time during the policy term. The current loyalty addition rate on the Sub-wallet will be 5.25% compounding monthly. The loyalty addition rate shall be at which RBI absorbs liquidity which is the reference rate from Standing Deposit Facility rate. The current Standing Deposit Facility rate is 5.25% p.a. and the same shall be reviewed bi-monthly.
- ⁸As per the duly approved product design and terms & conditions of the product, illustrated premium of ₹1 Lakh annually, Life cover ₹10 Lakh, Male age 35 Years, Non-Smoker, Policy Term: 37 Years, Gets return of premium at the end of Policy term ₹13.2 Lakh under Fortune Guarantee Supreme product plan. Please refer Benefit Illustration for more details.
- ⁹Tax benefits of up to ₹46,800 u/s Section 123, Schedule XV (erstwhile Section 80C) is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 11 Schedule II, Section 123 Schedule XV, Section 126 (erstwhile Section 80C, 80D,10(10D)), 115BAC and other applicable provisions of the Income Tax Act 2025. 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 11, Schedule II (erstwhile section 10(10D)) and other applicable provisions of the Income Tax Act 2025. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- ¹⁰Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims
- ¹¹Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen. Guaranteed income shall be a % of Annualized Premium (before discount). Such Income shall be payable every year during Income Period as per the guaranteed chosen option.
- ¹²Individual Death Claim Settlement Ratio is 99.45% for FY 2025 – 26.
- ¹³Riders 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.
- Risk cover commences along with policy commencement for all lives, including minor lives. Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid. In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines. All Premiums and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.