What is a ULIP Calculator?
A ULIP calculator is an online tool that helps you know the maturity amount or the ULIP returns that you can receive from your Unit-Linked Insurance Plan. Once you provide the information about your investment and your expected returns on the policy, you can know about the returns after the investment tenure.
There are various features of online ULIP calculators that help you get an estimate of the expected returns and the future value of your investments. This also helps you compare the different ULIP plans that are available. With the help of the calculator, you can make a reasonable comparison and analysis instead of simply going by the ULIP charges, which is only one factor for selecting a ULIP.
However, since ULIPs are market-linked instruments, it is advisable to be guided by your financial advisor on the same.