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Wealth calculator

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What is an investment calculator?

What is an investment calculator?

The meaning of savings and investments has undergone a drastic change. Terms like return on investment, inflation and compounding were not common in the investing lexicon a few decades ago. With the availability of several investment options, it has become pertinent to take into consideration all the factors before signing on the dotted line. Newer and more complex investment products have come into the market. The process of analysing investment options has changed accordingly. Newer investment options offer features like transparency, flexibility and ease of investment. It has become possible to get an idea of the value appreciation an investment will offer over its entire tenure.

The key tool to ensure transparency is an investment calculator. An investment calculator requires certain details to generate the future value of an investment. Investing has various aspects. Most of the investment plans require regular contributions. A lump sum amount is invested at the start, which is followed by regular contributions. An investment calculator takes into account the regular contributions added to the initial investment. It also requires the expected rate of return and the investment tenure to generate the value of the total investment after the tenure. An investment calculator also gives the breakup of the investment over the years. The initial investment, the contributions and the total value of the investment in the final year.

An investment calculator makes investing easy and investing in the right products is crucial for a financially stable life. Investing helps you achieve life goals like children’s education and marriage in a disciplined way. Saving money regularly is not enough to create wealth in an era of rising inflation. Investing for the long term can help you create wealth and live a stress-free life.

How can Bajaj Allianz Life's Investment Calculator help you?

Investment calculator is a free online tool, which is of immense help for potential investors. Achieving life goals requires a large corpus. Some people dream of owning a house, while others plan to buy a car. Buying a house or a car requires a substantial amount of money, which cannot be accumulated in a short time. Investment calculator ensures that one has a clear idea of the kind of investment and the time required to reach the particular life goal. The Bajaj Allianz Life Investment Calculator is a free, user-friendly ROI calculator that requires minimal input, but provides comprehensive information on different aspects of the investment. The Bajaj Allianz Life Investment Calculator helps in various ways. 

Assists in determining the amount

Assists in determining the amount

The resources at the disposal of a common man are limited. Even though one wants to invest in the best of the investment options, affordability often becomes an issue. Before opting for an investment option, it is important to know if one can pay the periodic contributions without fail. The Bajaj Allianz Life Investment Calculator helps in estimating the amount that has to be paid regularly to accumulate the required corpus. Without the exact knowledge of the outgo, it is not possible to opt for an investment option. 

Takes various factors into account

Takes various factors into account

Investment decisions are not made in a day. Before committing to an investment, one has to take a hard look at the proposal. Without a return calculator, it is not possible to determine the future worth of the investment. The Bajaj Allianz Life Investment Calculator takes into account various factors like the expected rate of return and the duration of the investment to provide the final value of the investment at the end of the tenure.

Gives the estimated value

Gives the estimated value

The Bajaj Allianz Investment Calculator requires minimal information but provides invaluable output. An investment option would lose its meaning if the investor does not know the final value of the investment. Life goals are decided by the total value of an investment at the end of the tenure. The total value of investment determines if a life goal will be achieved or not. The Bajaj Allianz Investment Calculator generates the estimated value of an investment after the certain number of years. It helps in determining the amount of investment required to achieve a life goal.

What is an investment plan?

What is an investment plan?

An investment plan is a financial product that multiplies your money through compounding or market-linked growth during the tenure of the investment. An investment plan essentially converts regular savings into wealth over a period. One has to differentiate between saving and investing. Saving is merely setting aside money for use in future. One generally saves to preserve money for the near future because keeping aside money without earning returns erodes the value of the money. Investing is akin to channelizing the money saved to earn high returns. An element of growth is associated with investing; Just savings do not grow your money, but investing does. Investment plans are tools for disciplined investing. Achieving financial freedom becomes easy with the right investment plans.   

Types Of Investment plans in India

Types Of Investment plans in India

Most people earn money and use it to fulfil their life goals. The higher one earns, the higher one spends on achieving his/her financial goals. However, simply earning and spending is not enough for a financially stable life. One has to save and more importantly invest smartly, to build a secure future. There are various types of investments that are available in the Indian market. One has to be clear about where to invest money to achieve a certain goal. The investment to build a retirement corpus will be different from the investment to buy a car. Similarly, the investment tenure will be different too. Ideally, one should form a mixed portfolio with different types of investment products. Some investment products are designed for long-term goals; while others help you achieve short-term goals. It is important to understand the investment product before committing to it. If you are a beginner, it is advisable to start from the basics and build up gradually. Let us understand what investment plans are and look at the type of investment plans available in India and the benefits they provide.

There are plethora of investment plans available in India. One can opt for long-term investment plans as well as short-term investment plans. One can also choose investment plans according to his/her risk profile. Investment plans with exposure to the financial markets have a higher degree of risk. On the other hand, fixed-income investment options are relatively less risky, but also offer lower returns. Risk-averse investors generally opt for stable investment options with guaranteed returns, while investors with a slightly higher degree of risk tolerance choose equity-oriented investments. However, the ideal combination would be to build a diversified portfolio with both stable and high-growth investment options. Some of the major investment plans available in India are:

  • Unit Linked Insurance Plans
  • Pension Plans
  • Endowment Plans

Unit-linked insurance plans

A unit-linked investment plan or ULIP offers dual benefits of investment and insurance. It provides the option to invest in equity or debt funds or combination of both along with the protection of insurance cover.

How do ULIPs work?

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. 

Pension plans for retirement

Pension plans for retirement are financial products that help you accumulate wealth for the post-retirement life. These plans ensure that you have a financial buffer to enjoy a financially stable life even after retirement. With the corpus of pension plan, you can enjoy the golden years of your life without making any compromises in your lifestyle.

How does a pension plan work?

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  

 

Endowment Insurance plans

Endowment insurance plans are traditional life insurance policies that combine insurance with investment opportunity. Endowment plans provide maturity benefits if the policyholder outlives the policy term. Unlike ULIPs, the investment under endowment plans is not invested in the financial markets. Further, there are two types of endowment plans - participating and non-participating. Policyholders share a part of the insurer's profit in a participating plan, while a non-participating plan does not have any provisions for a share in the profit. 

How do endowment plans work?

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.

How to use Bajaj Allianz Life's Investment Calculator

The Bajaj Allianz Life Investment Calculator is a simple, easy-to-use tool that is immensely helpful for planning long-term investments.

  • Step 1

    In the first step, the calculator requires your age and the amount you would like to invest every month. An amount between Rs 1000 and Rs 10 crore can be provided. Based on the monthly contribution, the calculator determines the final value of the investment.

  • Step 2

    After providing age and the monthly investment amount, you have to enter the duration of the investment. A value between 5 and 30 years can be provided. 

  • Step 3

    In the final step, the calculator asks for the expected rate of return. 

  • Step 4

    After you press the ‘next’ button, the calculator gives the size of the corpus at the end of the investment duration. 

Benefits of investment plans

Insurance cum Investment plans offer a variety of benefits

Wealth creation:

Wealth creation

These plans are a proven tool for wealth creation over the long term provided you have planned well. A plan can be chosen as per your risk profile, expected return and the investing capacity of the individual. The accumulated fund can be used in the future to achieve life goals such as children’s education, marriage or early retirement etc.

Financial protection

Financial protection

These plans are essentially insurance products that provide opportunity for growth of capital. The survival and death benefits offered by such plans help guarantee financial protection in all circumstances. If the policyholder outlives the policy, he/she can utilize the maturity benefits to achieve financial goals. In the event of the policyholder’s demise, the death benefit could help the family survive the financial impact of the unfortunate incident.

Death risk coverage

Death risk coverage

Few financial products offer capital growth along with financial security. These plans also include protection against the risk of death. The nominees are provided financial payout in the event of the policyholder’s death. It ensures that the family does not have to suffer financially in your absence. The payout takes care of all the financial goals like children’s education and other household expenses.

Retirement savings

Retirement savings

One can buy an investment plan at any stage of life. However, it is imperative to make a long-term investment at the start of your career. It helps in accumulating adequate corpus by the time of retirement. The accumulated fund can be utilized after retirement to lead a financially independent post retirement life.

Flexibility

Flexibility

These plans provide adequate flexibility in investment. One can choose the tenure, regular outgo and the premium payment term as per his/her convenience

Tax benefits

Tax benefits

These plans do not just offer wealth creation opportunity and financial protection but also tax benefits. The premiums paid for investment plans are eligible for tax deduction under Section 80C of the Income Tax Act, 1961. Moreover, the payout from an investment plan is tax exempt under Section 10(10D) of the Income Tax Act, 1961. , subject to the provisions stated therein. Such investment plan is a combination of wealth creation, insurance protection and tax benefits. 

Loan facilitator

Loan facilitator

Some of these plans can also be used as collateral for loans. However, factors such as the premiums paid and duration decide the eligibility for loan disbursal. 

Investment plans from Bajaj Allianz Life

Bajaj Allianz Life offers a number of insurance cum investment plans catering to a wide variety of customers.

Bajaj Allianz Invest Assure - A Non-linked Participating Endowment Life Insurance Plan

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.

Bajaj Allianz Elite Assure - A Non-linked Participating Endowment Life Insurance Plan

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

 

Bajaj Allianz Life My Wealth Goal

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. 

Bajaj Allianz Life Capital Goal Suraksha

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.

Bajaj Allianz Life Capital Assure Goal

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.

Investment calculator - frequently asked questions

  • What are insurance cum investment plans?

    Insurance cum Investment plans are financial products that invest in a variety of financial assets like government bonds, fixed deposits and mutual funds to help your capital grow. Along with wealth creation, investment plans also offer insurance cover that provides financial protection in case of an unforeseen or unfortunate incident.

  • What is an investment calculator?

    Investing has undergone a drastic change in the last few decades. From simple gold or real estate investments, the country has moved on to financial products that offer higher returns and flexibility. An investment calculator is a free online tool that requires information like the expected rate of return, initial investment and the investment duration to generate the monthly outgo required to achieve a predefined financial target. Investment calculator has become a critical tool for planning and analysis of investments. With an investment calculator, one can get a clear idea of the total outgo over the duration of the investment. 

  • What is the difference between a savings and an investment plan?

    Savings and investments are two different but interconnected concepts. Without regular savings, it is not possible to invest. However, savings can only help in achieving short-term financial goals. Savings is essentially putting aside some money that can be accessed at a short notice. The money is generally kept in a savings account. Liquidity is the most important aspect of savings. On the other hand, investment plans prioritize growth over everything else. Such plans are financial products that offer insurance cover as well as capital growth. Investment plans invest the accumulated funds into different financial securities to ensure growth of the capital over the long term. 

  • Why should I opt for an insurance cum investment plan?

    Everyone has certain financial goals. Some people want to buy a house while others want to enjoy their post-retirement life. Life goals require a substantial sum of money. With the high rate of inflation, it is not possible to accumulate wealth by just savings regularly. Prudent financial planning with a well-defined goal has become crucial to achieve life goals. An investment plan is one of the most effective investment options to create wealth over the long term. With the right investment plan, you can accumulate a large corpus as well as enjoy insurance protection during the tenure of the plan. 

  • How will the Bajaj Allianz Life Investment Calculator help me?

    The Bajaj Allianz Life Investment Calculator is an effective tool for financial planning. Before making an investment, it is important to understand if the result of the investment aligns with your financial goals. There are a number of financial products in the market, but not all may give desired results. The Bajaj Allianz Life Investment Calculator helps in knowing the estimated monthly outgo to achieve a certain life goal. It provides clarity to the investment plan. With the Bajaj Allianz Life Investment Calculator, it is easier to determine if an investment is suitable for your life goal or not and hence, you can make your plan accordingly. 

  • What are the different types of insurance cum investment plans in India?

    There are various types of insurance cum investment plans available in India. Some of the major plans are:

    • Unit linked insurance plans: ULIPs or unit linked insurance plan offer dual benefit of insurance and investment. The regular contributions to ULIP plans are invested in market-linked securities through multiple investment funds. The policyholder has the freedom to choose the investment funds. ULIPs help in growing the invested capital over the long run while simultaneously providing insurance cover to the policyholder.
    • Pension plan: These are designed specifically to help policyholders accumulate a corpus for post-retirement life. During the working years of the insured, he/she invests in a pension plan and after the age of retirement, the accumulated corpus is utilized to provide regular payments to the policyholder. Pension plan ensures the policyholder leads a financially independent post retirement life. 
    • Endowment plans: These are traditional insurance products that offer insurance cover along with a savings component. The premiums paid by the policyholder are invested in stable instruments like fixed deposits and government bonds. Endowment plans offer guaranteed returns at maturity. 
  • How do I choose the best investment plan for myself?

    An investment plan should be chosen after considering the current financial commitments. The duration and the life goal also play an important factor in finalising an investment plan. Decide the life goal and opt for an investment plan most suitable for it. Besides the life goal and the investment duration, consider your risk appetite before choosing an investment plan.

  • What are the documents required to buy insurance cum investment plans?

    Buying an investment plan is very simple. One just needs his/her identity proof, address proof, age proof and a recent photograph and income documents.

  • How much should I invest monthly in such investment plans?

    Everyone has a different life goal. One should choose an investment plan as per the life goal and opt for a monthly outgo after taking into account other financial commitments.

  • How do I buy insurance cum investment plans online?

    With the availability on digital channels, these plans can be bought online without any hassles. Insurance cum Investment plan can be bought online through www.bajajallianzlife.com. 

The findings generated from the above calculator is completely and solely based on the information shared by you with respect to questions being asked this has no linkage with any offer/benefits/outcomes associated with our Products. Bajaj Allianz Life will not be responsible for any kind of repercussions on any decisions made by you basis the use of this calculator.

For calculator purposes, it is assumed that the payments are made in advance i.e beginning of the month