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A New Age ULIP For Life Maximizers
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.
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.
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.
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.
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.
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.
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:
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.
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
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.
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.
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.
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
The Bajaj Allianz Life Investment Calculator is a simple, easy-to-use tool that is immensely helpful for planning long-term investments.
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.
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.
In the final step, the calculator asks for the expected rate of return.
After you press the ‘next’ button, the calculator gives the size of the corpus at the end of the investment duration.
Insurance cum Investment plans offer a variety of benefits
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.
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.
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.
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.
These plans provide adequate flexibility in investment. One can choose the tenure, regular outgo and the premium payment term as per his/her convenience
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.
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.
Bajaj Allianz Life offers a number of insurance cum investment plans catering to a wide variety of customers.
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 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
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:
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.
The Bajaj Allianz Life Capital Assure Goal offers the protection of life insurance along with diversification of the investment.
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.
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.
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.
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.
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.
There are various types of insurance cum investment plans available in India. Some of the major plans are:
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.
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.
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.
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
Last updated: 2021-05-20