What Is An Investment Calculator?

The premium paid for a unit-linked insurance plan is invested in the financial markets. There are several investment funds that channelize the money into debt or equity instruments or a combination of them. Investors can choose the funds depending on their life goals and risk tolerance. Investors with a higher tolerance for risk should opt for equity-oriented funds, while the debt funds are more suitable for risk-averse investors. Along with ensuring market-linked returns, ULIPs also provide life insurance cover, making them one of the most preferred investment options.

Benefits of ULIP investments

• ULIPs are flexible investment products that allow investors to switch between equity and debt funds for a certain number of times every year. It ensures that investors have the flexibility to adjust their portfolio as per the market conditions.
•  ULIP investments are tax-efficient. The premiums paid for a ULIP plan are eligible for a tax deduction under Section 80C of the Income Tax Act, 1961, subject to provisions stated therein.
•  Depending on the market conditions, ULIPs offer relatively higher growth opportunities, ensuring that investors have a substantial corpus at the end of the policy term.
•  ULIP returns are tax-free. However, tax benefits are subject to amendments in the Income Tax Act, 1961, subject to provisions stated therein.
• Along with market-linked growth, ULIPs offer life insurance cover, which guarantees financial stability to your dependents even in your absence. 

Retirement plans have two broad phases. In the first phase, retirement plans build capital. This phase coincides with your active working life when you can save more and hence you can contribute more to the retirement corpus. A pension plan invests all the contributions during the first phase. After retirement, when you are not able to save and contribute anymore, the accumulated funds are utilised for a suitable annuity or pension plan that pays a certain amount regularly for the rest of your life.

Benefits of pension plans

• Pension plans allow you to lead a financially independent post-retirement life by ensuring guaranteed income.
•  Many people wait for retirement to fulfil their life goals. 
• The funds received from a retirement plan can be utilised to fulfil long-pending life goals like travelling the world or pursuing other projects. Invest in a pension plan as early as possible. It results in a longer contribution period leading to a larger corpus at the end of the tenure. 
• The premiums paid for pension plans are eligible for tax deduction of up to Rs 1.5 lakh per annum under Section 80CCC of the Income Tax Act, 1961, subject to provisions stated therein.
• Additionally, one-third of the lump sum retirement savings obtained from a pension plan are tax-free under Section 10(10A) of the Income Tax Act, 1961, subject to provisions stated therein

An endowment plan offers the security of insurance along with the capital growth of investments. The insurance component ensures that your family does not face any difficulties even in your absence, while the investment component invests your savings in fixed deposits and government bonds to guarantee stable returns. 

Benefits of endowment plan

• An endowment plan helps in inculcating the habit of disciplined savings with regular contributions. Small contributions result in a large corpus at the end of the policy term.
• Endowment plans offer guaranteed as well as non-guaranteed returns as the investments are not market linked and hence are immune to market fluctuations.
• The life cover offered by endowment plans ensures the financial stability of your family. 
• The premiums paid for an endowment plan are eligible for tax deductions under Section 80C of the Income Tax Act, 1961, subject to provisions stated therein.
• The maturity benefits of endowment plans are tax free under Section 10 (10D) of the Income Tax Act, 1961, subject to provisions stated therein.

It is a non-linked, participating, life, individual, limited premium endowment plan. Individuals seeking insurance with savings may opt for Bajaj Allianz Invest Assure plan. The plan offers two options of life cover with a life cover of 1.5 or 2 times of the sum assured. Some of the key features of the plan are

• The plan pays maturity benefits, which is equal to the sum assured along with bonus, if any.
• The plan offers the option to pay premiums for a limited time but enjoy the benefits for the entire policy term.
• Enhanced coverage with the option to choose from five riders.
• The nominee has the option to receive the death benefit in monthly instalments.
• The freedom to change the premium paying frequency.

The Bajaj Allianz Elite Assure is an investment plan that offers life cover along with substantial return on investments. The plan offers guaranteed maturity benefits with guaranteed loyalty additions and bonus along with life cover. Some of the key features of the plan are

• The plan offers guaranteed loyalty additions which boost the overall returns
• Multiple policy terms of 15, 20, 25 and 30 years
• The option to choose between regular premium and limited premium
• Enhancement of the insurance cover with multiple rider options
• Insured can avail a loan up to 90% of the surrender value, subject to product terms and conditions

It is an insurance-cum-investment plan that combines the benefits of two Bajaj Allianz plans - Bajaj Allianz Future Wealth Gain and Bajaj Allianz Lifelong Assure. The former is a unit-linked endowment life insurance plan while the latter is a non-linked whole-life traditional plan. It ensures that the policyholder gains from capital appreciation as well as gets lifelong income. Some of the key features are:

• It offers the potential for higher returns as ULIPs invest in financial markets.
• The whole life insurance plan ensures lifelong income as well as lifelong insurance cover.
• Provides policyholders the option to choose from multiple fund options as per their risk profile and return expectations. 

The Bajaj Allianz Life Capital Goal Suraksha is a long-term investment plan that diversifies the investment. Diversification not just secures the investment but also increases the potential for higher returns. The investment plan also offers life insurance cover.

• It offers guaranteed returns along with the potential for higher returns.
• Option of limited premium payment term.

The Bajaj Allianz Life Capital Assure Goal offers the protection of life insurance along with diversification of the investment.

• It offers the potential to earn higher returns through diversification.
• Policyholders can opt for a limited premium payment term.