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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

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Disclaimer

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and  Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

$Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.23%

Claim Settlement Ratio~

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CARE Stable Rating
₹1,20,994 Cr

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Assets Under Management (AUM)
4.19 Cr

Number of Lives Covered#

Number of Lives Covered
432%

Solvency Ratio of 432%^^^

Solvency Ratio
Claim Settlement Ratio 2023-24

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2023-2024 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices | $$For details refer to press release published by CARE | **All figures as on 31 January, 2025 | ^^^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150% | #Individual and group, as on 31 March, 2024.

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All About ULIP Calculator
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ULIP calculator

From a transformation in consumer practices to an evolution in financial planning, the past decade has been a witness to a paradigm shift in the Indian mindset. Moving beyond traditional savings, life insurance, and physical assets, Indians are now steadily embracing the habit of investment [1] in financial assets for wealth creation. The substantial growth of assets under management under financial products such as mutual funds at a staggering rate of 16% in the span of five years from FY17 to FY24 stands as strong evidence. Meanwhile, the pandemic has reminded us how crucial it is to ensure the financial security of the loved ones if an earning member of the family is no more due life’s unfortunate circumstances. Life insurance being a priority, coupled with increasing interest towards investment opportunities, the demand for blended financial products is showing an upward trend. Combining life insurance and investment opportunity, the unit-linked insurance plans have thus been a popular choice. As recorded by a pan-India survey[2] a couple of years back, 2 out of every 3 respondents were interested in investing in  ULIP Plan in the following year.

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Beyond the insurance part, it’s the wealth creation in ULIPs [3]that sets it apart. Here a portion of the premium you pay, forms the life coverage while the remaining amount is pooled in for a mutual fund-like system to purchase units of financial assets based on your risk-taking ability. Thus, your family stays financially protected against unforeseen events through the death benefit payable. The maturity benefit, is the total fund value generated from the returns of your ULIP investment which can contribute to your wealth creation goals. The accumulated wealth, may help to build a corpus to fund your life goals. But no matter how lucrative the ULIP plans may seem, a practical investor with the core goal of wealth creation would like to gauge how much returns can be expected before purchasing a policy. Also, a person who has already bought a ULIP might like to trace the fund performances^ to figure out if his/her investment decisions are going the right way. In both cases, a ULIP calculator may be of great help. To understand how a unit-linked insurance plan calculator can help, let’s start with the formal definition.

What is a ULIP calculator?

Everyone has life goals in their mind, like a comfortable retirement, buying a property, overseas education for your child, or marriage, etc. And fulfilment of each of these goals requires a considerable amount of money. Saving for the same might help, but beating the future inflation may seem a daunting task. This is where the need for wealth creation through financial assets seems relevant. But the question that remains behind each investment opportunity is, how big a corpus can be managed through it?

Understanding the structure of ULIP will help you figure out how this life insurance plan can help you financially protect your loved ones while letting you grow money simultaneously. Here, as you stay invested in the chosen funds, they earn returns from the market that grow through the power of compounding. But estimating how much wealth you can accumulate in the process involves complicated calculations. Here’s where the ULIP calculator becomes your saviour!

A ULIP plan calculator[4] is a simple online tool that makes the process of ULIP investments easier. It estimates how much investment you may need to reach a desired corpus and how many returns a chosen investment amount would be able to generate. By taking note of your risk tolerance and other parameters, it can provide you with potential earnings that can be reached through the investment component of your policy. In turn, you get a fair idea of how much you need to invest or how big the corpus can get, without even taking the trouble of scary calculations.

Why use ULIP calculator?

Once you decide to invest in a ULIP policy and plan to do thorough research before the purchase, a ULIP calculator may make things easier for you. These calculators are easily accessible online across insurance company websites, aggregator platforms, wealth management portals, news websites, and blogs. These can save you from chunks of calculations too. But did you know that they can provide holistic support in ULIP investments?

Here’s a detailed look at why a ULIP calculator could be considered a wholesome support[3][5]:

  • Easy financial planning:

     

    Are you seeking to start with your financial planning? Here, correct estimations will lead you to the right financial path and the budget needed to fulfil the milestones. A ULIP calculator may come handy. Depending on the details you provide, it may help you understand things like how much you need to invest to fulfil the goals you have, how long it will take for you to build the desired corpus, or the amount of returns you can expect. This enables you to reach crucial decisions regarding the policy term, the sum assured, and premiums you can afford for your ULIP policy.

    Again, since a ULIP plan invests money in market-linked funds, the potential returns depend on the market condition, among other factors. The ULIP return calculator can help you gauge whether your investment is going well or if modifications are needed in the allocations or strategy.

    To sum it up, a ULIP investment calculator may support you with ease of sensible financial planning.

  • Accurate investment information:

    For instance, you’re contemplating an investment in ULIP, planning a reallocation of an existing ULIP investment, or considering a surrender or a withdrawal procedure. In this case, it may be worth knowing accurately about the charges associated and how they will affect you. Here's where a ULIP calculator can be trusted.

    When opting for a ULIP investment, your insurer will levy charges. Because of these charges, it’s either the life cover or the investment component that gets reduced, or the maturity benefit turns out to be smaller. So, having a clarity of this impact beforehand may help you in evaluating the investment in a better way. Here, if you input the details of the charges, the ULIP plan calculator may provide you with the correct estimation of the corresponding life cover or the fund value. Accordingly, you’ll be able to make an informed decision regarding your investment.

  • Compare different ULIP plans:

     

    There are many insurance companies in India offering ULIP product. Each of these plans come with life cover along with various other features, benefits, fund choices, etc. which may cater to many varied needs of policyholders . To understand which of the available plans fit best to your requirements and expectations, you would like to compare them based on their offerings. Here, a unit-linked insurance plan calculator may be a worthy tool to use. Estimating potential returns from each of the plans, it can help you check and compare the options. In turn, tracing the best policy according to your needs may be easier.

  • Track your investment goals:

     

    Usually, every investor has a definite goal in mind when they zero in on a particular financial product for their purpose. Since, ULIP is meant for long-term goals, one may intend to purchase it for targets like the child’s higher education or marriage, retirement, or buying a property. But whatever the chosen goal is, the target would be to accumulate wealth to fulfil the same. Also, it would be necessary to regularly monitor the investment and its progress to achieve your goal. In both cases, seeking help from a ULIP calculator online may be helpful. Here, you can not only plan the financial objectives but also keep track of your investment too. Providing the details of your target and the time range, you may be able to gauge if you can fulfil your goals within the desired timeline.

  • Manage risks better:

     

    For its investment component, a ULIP plan is designated to utilise a part of the premium paid in market-linked funds to earn returns. Similarly, the returns from the ULIP investment depend on the funds selected, and their respective performance^ based on the stock market conditions. These funds are chosen based on the risk appetite of the policyholder. For example, if he/she is ready to tolerate a bigger risk for higher gain, the ULIP plan invests majorly in equities or related high-risk assets. But how does one pick the best possible funds to optimise returns? A ULIP calculator will help you explore options and find your best fit. By estimating the potential returns or losses, the calculator can find out the best fund allocation given your risk tolerance, comfort level, and the monetary requirements.

  • Understanding charges and returns:

     

    There are several charges to be paid when purchasing a ULIP plan on account of the operation, management, and the services offered. These charges are levied by the insurer towards premium allocation, mortality, fund management, administration, ulip fund switches, withdrawal, or surrender of the policy, which gets deducted from either the premiums paid or the fund value accumulated.. To figure out how a ULIP plan can benefit you, a clarity of the charges and the corresponding impacts on the returns is needed. To measure them in the right way, a ULIP calculator may be a helpful tool.

  • Personalised plan options:

     

    When it comes to investment, there isn’t a one-size-fits-all solution. If you are looking to build a corpus for your child’s overseas education, you may need a separate plan than what someone needs to build his retirement corpus. There are choices aplenty in the market if you wish to invest in a unit-linked insurance plan. While different ULIP plans are designed to meet different needs, there are options to allocate the investment your way or add specific riders with ULIP to help you personalise a plan for specific needs. It’s the ULIP fund calculator that may help you estimate the expected returns or calculate the life cover accordingly to make a ULIP plan align well to your goals.

  • Quick and Easy Calculations:

     

    Financial calculations usually involve a lot of estimations based on various formulas and hypotheses. Thus, often many people find them not only difficult but time-consuming as well. To save you from hassles, a ULIP calculator may seem a worthy choice. Based on some simple inputs from you, these calculators can perform the complicated calculations within seconds and bring the results to your fingertips. A ULIP calculator can thus help you do all the estimations yourself, ensuring quick and easy calculations. You may just key in inputs, like the desired investment and the preferred premium payment frequency to get an idea of the potential returns to expect from the investment.

  • Make informed decisions:

     

    Alongside being a combination of insurance and investment opportunity, a ULIP may help you save taxes too. But with a plethora of choices available for your ULIP investment, there can be possibilities that you end up choosing a wrong policy. To minimise that scope, it’s of utmost importance to make an informed decision. Here, considering two crucial things can be fruitful—i) knowing the charges and costs involved and ii) understanding the tax benefits in your ULIP policy. A ULIP plan has various charges and costs levied on the premium or the fund value of the policy. Also, there are tax deductions and exemptions available under sections 80C and 80D (under old tax regime), and 10(10D) of the Income Tax Act 1961, which can lead to a bigger fund value. Besides, if your ULIP plan is not generating the desired returns, potential losses can be avoided through timely reallocation of the investment. Based on every such inputs shared, a ULIP policy calculator may estimate the probable returns or the life cover accordingly, leading to an informed investment decision thereby.

  • Transparent fund details:

     

    To evaluate financial products operating upon market-linked funds, a transparent detail of the fund choices and performances is of huge help. In a ULIP plan, the funds for investment are supposed to be chosen as per the policyholder’s risk appetite. Here, if the fund details are explicit and transparent, it may be easier to figure out how to allocate your investment to fetch the best possible returns. A ULIP fund calculator may assist you in tracing the probable returns in this case. But what if you’ve already made your fund choices and they are not performing as desired? Here, based on the fund performances^ and the situation of the market, one can reallocate the investment through fund switches and premium redirection to maximise returns.

    In either case, a transparent disclosure of the policy features and fund details may aid in correct estimations and timely investment decisions. A good bet may be to use the ULIP fund value calculator and calculate all the possible cases to compare in terms of returns.

Key features of a ULIP calculator

Before you seek help from any tool, it is better to understand its features well. This helps in using it in all possible ways and reaping the benefits in full. The same goes with online ULIP calculators too. Having a good clarity of the features of this financial tool may help you make the most of it and enjoy all the support it is designed to provide.

Following are the key features[6][3] that make unit-linked insurance plan calculator a helpful resource.

Transparency

Transparency

A ULIP plan divides the premium you pay into the insurance and investment components. A part of it goes to the life cover while the rest is invested in funds of your choice to fetch returns from the market. So, the amount of wealth that you can generate from your investment, depends largely upon the choice and performance of your funds^ based on your risk tolerance and market conditions. But how would you know which of the funds can help you in optimising the earnings from your investment? Here, the calculations of projected returns may guide you towards the best possible picks. A ULIP calculator is designed to take care of the complicated calculations and may provide you with a transparent and accurate fund details. This can help you get an idea of the actual returns and how much your money could grow through the total investment.

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Goal-based savings

Goal-based savings

It’s the financial goal you want to accomplish with your ULIP plan that defines the amount of money required to meet the target and the corresponding savings and investment to build the fund. So, once you have a clarity of your financial goal you want to fulfil, you would need to calculate the corpus you need and the premiums required to pick a plan that aligns with your requirements. Here a unit-linked insurance plan calculator can take away the hassles of painstaking calculations. Based on the financial objective and the corresponding corpus requirement, it may help you estimate the premium and the costs to be incurred. Accordingly, you can gauge how much savings is needed to carry on with the required investment and pick a suitable ULIP plan.

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Comprehensive control

Comprehensive control

When you have a definite financial goal in mind, it’s easier to figure out how much investment is needed to fulfil the monetary needs. But at the same time, the investment has to be planned well so that it doesn’t strain your pockets or lead to losses. This is possible when the investment plan aligns to your needs, affordability, and risk tolerance, as well as to the market situations. Here’s where a ULIP calculator can play a crucial role when you are considering a ULIP investment. Enabling you to estimate and compare the ulip premium payment options, possible policy tenures, potential risk and rewards of available fund choices, and corresponding fund values, the calculator can let you decide which would be the best plan suited to your needs, risk appetite, and comfort level. In turn, you can have a comprehensive control over your investment journey.

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Planning tool

Planning tool

To get the best out of your investment and reach your desired goals, you need a foolproof plan. Especially when the chosen financial instrument deals with market-linked funds, the planning is indeed crucial. A ULIP policy invests a portion of your premiums to purchase units of funds chosen as per your risk appetite. Thus, the planning needs to match your needs, affordability, and risk tolerance. A ULIP plan calculator may turn out to be a planning tool here, by estimating for you the premium requirements, the projected returns, and calculated fund value from different fund choices available, it may help you pick the best-fit plan. It can also help you decide the particular fund choices that may yield the desired returns.

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Flexibility

Flexibility

Often, it’s the flexibility and freedom to choose between options that makes an investment opportunity look lucrative. This way, you can figure out which of the available options can cater to your needs, affordability, and profitability in the best way possible. When it comes to deciding the premium payment and the life cover in a ULIP plan, or the size and fund choices of the investment component, the ULIP investment calculator may present you with the same flexibility. It can help you check possible returns with different premium or policy tenure options, helping you choose the ones that match your ability to spend and take risks.

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Rational investment decisions

Rational investment decisions

An investment in market-linked funds helps you in wealth creation, but there are risks too. Wrong decisions and erratic moves may lead you to losses instead of generating good returns. To avoid these possibilities, especially in a ULIP plan , rational investment decisions are necessary. Here, a ULIP return calculator may come to your aid. Offering you quick estimations and comparisons of projected returns from the available fund choices and allocation strategy options, this financial tool may help you with rational thinking. In turn, you may be able to trace the options that minimise risk and lead to a safer investment path.

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Benefits of A ULIP Calculator

When you decide to pick a tool for your convenience, knowing its benefits beforehand can always be worthy. Especially when it comes to a financial tool, knowing its benefits will may help you make the most of it and walk an extra mile towards your target. The same can happen with a ULIP policy calculator.

A unit-linked insurance plan utilises a part of your premium to provide the life cover while the rest is invested in funds of your choice to earn returns from the market. So, the maturity benefit of the policy depends on the fund value generated by the investment. A ULIP calculator is designed to save you from chunks of complicated calculations and bring the required estimations to your fingertips. Here, if you know the benefits, it may enable you to use the tool in a more efficient manner and ensure a more precise calculation.

The advantages of using a ULIP calculator[5][7][8] are as follows:

  1. Accurate financial projections: Know the future returns

    Suppose you have purchased a ULIP plan and, in turn, have invested in selected funds. Like any other investor, you may want to gauge how the investment is going to help you and how much returns can be anticipated. This is a necessary step, as you can always change the investment allocation through fund switches or the premium redirection facility if you feel the funds or the market are not going your way. Estimating the future returns may be easy if you resort to a ULIP calculator. If you provide the details of the premium paid, the selected funds, the corresponding rate of returns, and the policy tenure, it can provide you with accurate financial projections. Here the ULIP calculator can estimate for you the future returns from each of the chosen funds. Summing them up, you can arrive at the amount of wealth that can be accumulated from the total investment.

  2. Assessing potential returns: Understand the ROI based on premiums and tenure

    When you choose to invest in market-linked funds, the usual goal is to earn as much as possible. But with bigger gains come bigger risks too. So, while you look forward to good returns from your investment, securing the capital may also be your priority. Especially, if you are a risk-averse investor, avoiding potential losses and protecting the capital can be your prime concern. This becomes easier when you have an idea of how the funds are going to perform in a given situation.

    In case of ULIPs. If you know beforehand how the chosen funds can behave in certain conditions of the market, it might help estimate the probable corpus that can be generated through investment.. This is where a ULIP investment calculator may come into the picture.

    Even before making a purchase, a ULIP calculator can help you analyse a ULIP plan or compare it with its options. Here, based on the details of the policy term and probable premium payments, the calculator estimates the ROI and the potential returns. This may help you to understand the merit of your investment and assess your decision.

  3. Informed investment choices: Select funds based on risk appetite and goals

    Investing in market-linked funds is a bit tricky. With the risk factor determining the gains, any investment can run into losses if the market turns unfavourable. And as it goes with market-linked funds, the higher the risk, the higher the gain. If you attempt to grow your money faster, there remains the risk of suffering a major loss too. Thus, it lies on the policyholder , whether he/she can withstand that risk. So, while wealth creation for a specific financial goal remains the target, it is crucial to align the investment to your ability to take risks.

    The investment component in a unit-linked insurance plan lets you select the funds based on your risk tolerance. If you are willing to accept more risk to accumulate bigger wealth, the policy invests mostly in equities or related higher-risk assets and in debts or low-risk funds when you prefer an investment with lower risk. But how would you choose the best possible funds? The answer can be the ULIP calculator.

    A ULIP return calculator estimates for you the projected returns from different fund allocations8,^ given the parameters like the chosen premium, policy tenure, desired corpus, and the rate of returns. It may thus let you compare and pick the assets that match your risk appetite as well as the wealth creation goal. Accordingly, you may be able to make informed investment choices.

  4. Customised plans: Tailor premium amounts, tenure, and fund allocation

    Suppose Mr. A is looking to invest in a ULIP policy to create his retirement corpus and is scared to lose the capital. Mr. B, on the other hand, wants to grow his money through a ULIP policy to support his son’s dream startup venture, and he is willing to take risks for the same. Can both of them fulfil their targets through the same ULIP plan? Possibly no, as they look forward to a separate size of corpus, they may have different levels of affordability and risk tolerance, and correspondingly varied fund choices.

  5. Every policyholder has their own parameters and different financial goals behind their investment decisions, according to which the choice of financial products needs to be customised. Especially in the case of ULIPs, plans should differ in addressing these varying needs, risk appetite, and affordability. A ULIP calculator could be an ideal choice. As you provide the inputs of the deciding parameters, accordingly it can offer a customised solution, suggesting the amount of premium, policy tenure, and fund allocation options to reach your desired financial goals. In turn, you may get to customise the ULIP plan according to your own unique needs.

  6. Risk evaluation: Evaluate investment risk and returns

    Every investment in market-linked funds comes with its own share of risks. While the nature and behaviour of the funds that reflect in the returns, volatility of the market can also affect the resulting gains or losses. It’s therefore quite crucial to keep monitoring the market and adjust the investment strategy and fund allocations as per needs.

    A ULIP, for example, is a life insurance plan, which also invests a portion of the premium paid in market-linked financial assets to fetch returns . Here, the policyholder gets to choose these funds and the investment allocation in them as per his/her risk appetite. It also allows reallocation of the investment through fund switches or premium redirection facilities. If the existing funds underperform, market gets volatile, or there’s a change in the policyholder’s financial need or risk appetite. A ULIP calculator can help in these situations.

    A ULIP return calculator may aid in estimating the projected returns from different fund allocations at the start of the investment or in the course of it, given the specific financial target, the policy tenure, and the premium chosen. Based on that, a policyholder gets to evaluate the amounts of risks involved and the returns from his/her investment. Consequently, he/she may decide whether to go for a specific fund allocation, continue with it, or change the investment strategy.

  7. Comparative analysis tool: Compare different ULIP plans for better choices

    There are many insurance companies in India offering a variety of ULIP plans. These plans have varied features, benefits, and fund choices catering to different needs, risk tolerance, and affordability. For any investor, the choice of a ULIP plan should match his/her monetary need and risk tolerance while being easy on the pockets. To know which of the available plans is most suitable for your requirements, risk-taking ability, and premium-paying capacity, you may need to research well and compare them.

    Here, a ULIP calculator may play the role of a comparative analysis tool. On one hand, it estimates the premium payable for a desired corpus in a given policy tenure or vice versa. On the other hand, it can project returns for different fund allocations to help you assess the future value of your investment as well as the risk and rewards. Accordingly, a comparative study is feasible of the available plans, based on which you can choose the plan that aligns best to your investment goal and parameters.

  8. Time-saving: Instant results with minimal inputs

    While market-linked investments can be a good way to grow your money, the decision-making and strategy involves a lot of complicated calculations. Likewise, tasks like picking a suitable ULIP plan, making the fund choices, or altering the investment allocation demand a fair share of calculations too. Dreading this, many prefer seeking help from professionals instead of relying on their own capacities. In this aspect, the ease of calculations through a ULIP plan calculator may be considered its biggest benefit, which saves a lot of time as well.

    A ULIP policy calculator simplifies the whole process and brings to the tentative values of premium requirements, size of corpus, and policy tenure, as well as the risk and returns from various fund allocation choices. These estimations are done instantly, providing a time-saving alternative to scary chunks of calculations. And for all these to happen, all you need is to key in minimal inputs like the base parameters in a given situation. For example, you can get the estimated fund/maturity value simply by submitting the monthly investment amount, the desired tenure, and the expected rate of return.

  9. Ease of use: Simple interface and user-friendly design

    Online tools are usually crafted to simplify complicated assignments to help you attain the best possible solution to your queries. Especially, financial tools are designed to estimate or formulate certain values on your behalf to help you with your investment decision. In the process, they save you from dreaded calculations and provide results instantly. But here’s a catch, unless the tools are easy to use, people won’t have a clarity of how they work and neither be keen to use them. A ULIP calculator may score well on this point.

    A unit-linked insurance plan calculator comes with a simple design and interface, which makes it user-friendly. There are defined spaces to key in or select the given parameters, and after that, all you need to do is click on the calculate button. Rest is taken care of by the calculator itself, and the values are generated in an instant. A ULIP calculator, therefore, may not just be easy to use but also a time-saving tool as well.

  10. Goal-orientated planning

    For ULIPs , a clarity of the financial objective for which the wealth needs to be accumulated helps in deciding how to go about it. The specific goal may lead to the target corpus, the corresponding premium allocation, fund choices based on risk appetite, and the reallocations as and when needed.

    Here, the ULIP calculator may help you with the goal-orientated planning. If there’s clarity regarding the financial objective, corresponding monetary requirement, your affordability, and the risk appetite for wealth creation, an online ULIP calculator can estimate the probable premiums for you, the suggested policy tenure, the projected returns or losses from your fund choices, and the expected fund value that can be generated from your investment. In turn, having a goal-based strategy in place will be easier.

  11. Cost transparency

    ULIP plans have different charges payable for the management of the policy as well as for the services offered to the policyholders. These charges, deductible from the premiums or the fund value, affect the amount of the death or maturity benefit of the policy. Knowing these charges clearly can enable the ULIP policyholders to decide, structure, or revise their investment strategies accordingly. This is where resorting to a ULIP return calculator online may benefit you.

    Given the fund choices and their details, a ULIP calculator can provide the costs that you’ll have to incur for your policy.8 It estimates the amount to be deducted as charges towards premium allocation, mortality, fund management, policy administration, fund switch, withdrawal, or surrender of the policy, and the corresponding changes in fund value. This may give you a transparent detail of the costs associated with wealth creation through ULIP.

  12. Personalised investment strategy

    Every investment strategy needs to be uniquely crafted, as they are supposed to align with the respective policyholder’s needs and preferences. Take the case of unit-linked insurance plans, here, unless the fund choices are matched with the risk tolerance of the policyholder or the premiums align with his/her paying capacity, building the desired corpus may seem a tough task. Tracing the funds that would fetch favourable returns or deciding the premiums according to affordability can be daunting, though. And that’s where a ULIP calculator may offer its advantages.

    A ULIP fund value calculator takes into account the amount and tenure of investment and the tentative rates of return to predict the probable returns. Based on that, selecting the funds may seem easier. Again, the online ULIP calculator enables you to check premiums for different policy tenures and corpus targets and vice versa. This may allow you to choose a premium schedule as per your affordability and accordingly personalise your investment strategy.

How to use the ULIP calculator?

Knowing how to use financial tools available online may save you from painstaking estimations and spending unnecessary amount of time in those complicated calculations. For long-term investments through financial instruments like ULIP, which require estimations, resorting to an online ULIP calculator may take away a considerable amount of hard work and worries. But for that, you need to know how to use a ULIP calculator and have a good clarity of its functionality.

Here’s a step-by-step guide[4] if you’re planning to use a ULIP calculator from an insurance company website or an aggregator platform.

  • You can start with calculating the sum assured. Review the lifestyle of your family to understand how much money they might need to carry on amid life’s uncertain circumstances. Ideally, a life cover, i.e., the sum assured, should suffice for this purpose as well as take care of the outstanding liabilities and long-term goals in your absence.
  • Next, you may decide the policy tenure depending on your financial objective, like the child’s education, marriage or retirement corpus, etc.
  • You can arrive at the premium payable by defining the inputs of the sum assured in ulip and the desired policy tenure in your ULIP calculator value boxes. You may have to submit personal details like the age, gender, income, etc., to get a customised value.
  • At this stage, calculations of projected returns from different funds may help you to gauge which of the funds would match your risk appetite. For example, risk-averse investors may like it and benefit more from investment in debts or related funds with low risk.
  • If you are eyeing any specific rate of return, you may key in that to your calculator as well to calculate the projected returns.
  • You may now estimate the expected fund value to be generated from the funds and the policy tenure you have chosen.
  • You can always restructure your investment plan, allocation, or choice of funds if you feel the desired corpus target may not be fulfilled by the existing strategy.
  • If the market shows signs of volatility, or there seems to be a problem with your investment plan, you may reanalyse your strategy by evaluating the probable risks and rewards. Accordingly, fund switches and premium redirection facilities can be used to reallocate your investment until you reach a point of comfort.

How does the ULIP calculator work?

Understanding the functional details of any online tool is a prerequisite if you’re planning to take any decision based on its outcomes. Online ULIP calculators, for example, calculate the premiums payable for a ULIP policy for a specified life cover or desired corpus. It also calculates expected returns from the fund choices of the investment component, and the projected maturity benefit that can be earned in a specified policy tenure. This is vital because the estimations of the calculator may assist you in choosing affordable premium and in taking your pick from the available fund choices. The results predicted by the ULIP calculator may also guide you on when to avail yourself of the fund switches and premium redirection facility or when to withdraw funds or surrender the policy.

All of the ULIP-related decisions may tend to be correct if you have clarity on how the ULIP plan calculator works, what parameters it relies on to fetch the outcomes, and how to make the online tool work towards your benefits.

Here’s an overview[4] for the ease of understanding.

  • A ULIP calculator bases its outcomes on different parameters like your age, premiums chosen as per your affordability, policy tenure, etc., to calculate the sum assured that would suffice as a financial shield for your family.
  • The online platform of the insurance provider or the aggregator company also shows you different ULIP plans offering details of varied investment opportunities through different fund choices and allocations.
  • To choose a preferred ULIP plan from the available options on offer, you may rely on your affordability and risk tolerance.
  • Once you decide and key in the sum assured, the amount of premium you can afford, and the time horizon you wish to stay invested in the chosen ULIP plan, the calculator takes into account all these parameters for further estimations.
  • Depending on all the details fed and the risk appetite you prefer, the ULIP return calculator projects the future returns that can be earned from the investment and the probable maturity benefit. Accordingly, you may adjust the premium or the policy tenure to enhance your gain or secure your capital.

ULIP charges to consider

A ULIP policy levies different charges throughout the tenure of insurance and investment. These charges account for the operations, management, and services of the policy offered to you by the insurance provider. Typically, these charges get deducted from either the premium paid or the fund value generated by your investment. Accordingly, it’s either the death benefit or the maturity benefit of ULIP that gets affected.

When a unit-linked insurance calculator estimates the sum assured or projects returns or the fund value for you, it doesn’t simply base on the premium payable or the policy tenure. The calculator also offers multiple scenarios that will be levied by the insurer.8 The calculator Thus, it may be worthy to know about these charges beforehand so that you understand the estimations well.

Here’s a detailed look at the charges to be considered[9] [10].

Charge TypeDescription
Premium Allocation ChargeLevied as a fixed percentage of the premium, the premium allocation charge (PAC) covers the cost of underwriting, etc., required before purchasing units for investment by the policy. This percentage varies from company to company and gets deducted from the premium paid.. Suppose the premium allocation charge is 15% in your policy, and you’re paying Rs 60,000 as a premium. Here, Rs 9,000 will be deducted as PAC, and the remaining Rs 51,000 will be available for investment.
Fund Management ChargeThe fund management charge (FMC) in a ULIP is the fee levied by the insurance company for the management of your investment in the funds selected by you. Charged on a daily basis, FMC is deducted from the calculations before estimating the NAV (Net Asset Value) of the chosen ULIP funds. This is also levied as a percentage that varies across the nature of funds. However, as per the guidelines of the Insurance Regulatory and Development Authority of India (IRDAI), the upper cap for FMC is set at 135 base points of the fund value generated. Usually, insurers charge a higher percentage of FMC for equity funds and a lesser percentage for the non-equity ones.
Policy Administration ChargeTo maintain a ULIP policy and take care of its smooth operation and timely services, the insurer levies a fee. This is called the policy administration charge, which covers the administrative expenses by the insurance provider. The policy administration charge is payable on a monthly basis and gets deducted through the cancellation of units from all the selected funds. The deductions can vary at a specified rate or can remain constant throughout the policy term.
Mortality ChargeThe insurance component in a ULIP policy forms the life insurance cover for the policyholder, which is payable as the death benefit upon his/her untimely demise within the policy term. To cover this risk and cost of paying the death benefit, a fee is levied by the insurer, known as the mortality charge. This charge is deducted on a monthly basis and depends on the age, sum assured, etc. Usually, as a person ages, the life expectancy gets reduced. Accordingly, mortality charges in ulip increase as you age and get deducted proportionately from the chosen funds.
Discontinuance ChargeA ULIP policy comes with a lock-in period of 5 years, within which no withdrawal or surrender of the policy is allowed. However, if there’s an emergency or you’re dissatisfied with the fund performance, you can choose to discontinue with the policy. The money then, moves to a discontinuance policy (DP) fund post deduction of the discontinuation charge for early surrender and is paid to you after the completion of the ULIP lock-in period. The discontinuation charge is levied as a percentage of the premium or the fund value. Discontinuation fee is applied to the unit fund for unit-linked insurance products when the policyholder chooses to surrender or discontinue the contract in accordance with regulations. It's typically stated as a percentage of the fund or as a percentage of the annualized premiums for regular premium contracts. No discontinuance charge is imposed on top-up premiums. It may also be worthy to note that, no discontinuation charge is payable for surrendering the policy after the lock-in period which is minimum five years.
Partial Withdrawal ChargeA ULIP policy allows partial withdrawals of the fund after the 5-year lock-in period is over and all the premium payments are up-to-date. While some ULIP plans offer unlimited withdrawals, some may allow 2-4 partial withdrawals only. Insurers may offer some free withdrawals, while for each of the rest, a partial withdrawal charge has to be paid. This charge, if levied, varies between Rs 100 and 500 per withdrawal across insurance companies and gets deducted from the fund value.
Switching ChargeIf you feel your funds are underperforming or anticipate a volatility in the market, or if there’s a change in your financial goals or the risk appetite, you can reallocate the investment in your ULIP policy. This can be done through a fund switch within the choices of equity or debts. Typically, every insurer offers a few free fund switches every year, exceeding which a charge is payable for every switch. These charges can be paid as deductions from the fund value within Rs 100-500 per switch or by cancellation of units proportionately from all the chosen funds.
Miscellaneous ChargesOther than the specified charges, the insurer may levy some other fees on the alteration of conditions in the ULIP Plan for eg change in policy term etc. This is covered under the miscellaneous charges. For example, if you wish to revise your premium payment frequency, this is the additional charge you’ll have to bear for the service.

How to calculate ULIP returns online with Bajaj Life ULIP Calculator 2025?

Like other insurance providers in India, Bajaj Allianz too comes with ULIP plans. But before picking a policy to invest your hard-earned money, it is worth checking and comparing the available plans as well as identifying the aspects that suit your requirements. This way, you can trace the best policy according to your financial goals, monetary needs, and risk appetite. Here, the Bajaj Allianz Life ULIP Calculator [12] may come to your aid. Knowing how to use it may save you from complicated calculations.

A handy and simple online tool, the Bajaj Allianz Life ULIP Calculator can be accessed from our company website. As you feed the crucial details like target corpus, preferred policy tenure, and expected rate of return, the calculator estimates for you the probable premium payable for a specified amount of investment for a defined period. Here, the key information that needs to be submitted is:

  • Amount required for fulfilment of life goals
  • Premium payment term
  • Fund Distribution
  • Expected rate of return

In this calculator, there are separate boxes to adjust the bar and define details like the desired amount for life goals, the preferred investment horizon and allocations, the affordable premium, and the returns expected. Here there’s an additional option of dividing the investment allocation and expected rate of returns between market-linked and risk-free assets. Post that, all you need to do is to click on the calculate button to get the projected maturity benefit value from your investment.

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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%%Above illustration is for Bajaj Allianz Life eTouch- A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N172V04) considering Male aged 24 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | 1st Year Premium is Rs. 6,051. 2nd Year onwards premium Rs. 6,460. Total Premium Paid is Rs. 1,93,391 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 45, Income Payout Percentage:55) | Premium shown above is inclusive of Online Discount only and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

##Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

@Term Insurance plan bought online directly from Bajaj Allianz Life Insurance has no commissions involved.

^^The Return of Premium amount is total of all the premiums received, exclusive of extra premium, rider premium and GST & /any other applicable tax levied, subject to changes in tax laws
Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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Disclaimer

Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116


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Disclaimer

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Goal Assure II- A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN No.: 116L180V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Bajaj Allianz Life Goal Assure II - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02)

**Return of Mortality Charges at Maturity (ROMC) is payable at maturity, provided all due premiums have been paid

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116

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I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

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1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

#Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms . Subject to availability in Bajaj Allianz Life ULIP Plans. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) carefully before concluding a sale.

*Benchmark: Nifty 500 Multicap Momentum Quality 50 Index past 5 CAGR Returns, as on 31st December 2024. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) carefully before concluding a sale.

Nifty 500 Multicap Momentum Quality 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01)

In addition to the already existing funds, Nifty 500 Multicap Momentum Quality 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multicap Momentum Quality 50 Index Fund.

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Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

X
Disclaimer

$Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

*Benchmark: Nifty 500 Multicap Momentum Quality 50 Index past 5 CAGR Returns, as on 31st December 2024. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) carefully before concluding a sale.

Nifty 500 Multicap Momentum Quality 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V01), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V01)

In addition to the already existing funds, Nifty 500 Multicap Momentum Quality 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multicap Momentum Quality 50 Index Fund.

Disclaimer
Plus Symbol
Minus Symbol

#Survey conducted by brand equity – Nielsen in March 2020

*T& C apply - The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details please refer to sales brochure.

1Product feature/benefit mentioned above are dependent on variant

2Above illustration is considering Male aged 25 years | Non-Smoker | Life Cover Variant | Policy term (PT)– 30 years | Premium Payment Term (PPT) – 30 years | Sum Assured opted is Rs. 1,00,00,000 | Online Channel | Medical rates | Annual Premium Payment Mode | Premium shown above is exclusive of Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only.

31% Discount is available for regular premium payment and limited premium payment frequency of Bajaj Allianz Life Smart Protection Goal - A Non Linked, Non Participating, Individual Life Insurance Term Plan

^Subject to eligibility and no adverse disclosure

^^As per variant opted. The variant chosen at inception cannot be changed during the policy term

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

Best Seller refers to Bajaj Allianz Life Insurance plans which have been bought by large number of customers through the website since their launch.

**Past performance is not indicative of future performance.

##Our policy covers COVID 19 claims subject to policy terms and conditions being met.

%Conditions Apply – The Guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors. For more details please refer to sales brochure.

The output generated through calculator are on the basis of the data filled in by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility

^Past performance is not indicative of future performance.

The output generated through calculator are on the basis of the data filled in by you and is being provided to you solely for your reference purpose and not to be construed as investment advice. Please seek independent advice from your insurance consultant before making any investment decisions. While proper caution has been taken in designing this calculator, Bajaj Allianz Life Insurance Co. Ltd. assumes no liability for the accuracy of the information and data provided in this tool.

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Disclaimer

*BIMA Applications Supported by Blocked Amount (BASBA)-  One- time mandate for blocking the amount towards premium through Unified Payments Interface (UPI mandate) for issuance of life insurance policies. Premium is required to be paid only after the insurer communicates the decision of acceptance of the proposal. Risk cover shall commence only after receipt of premium. Available only for online channel.

^Above illustration is for Bajaj Allianz Life eTouch II - A Non-Linked, Non-Participating, Individual Life Insurance Term Plan (UIN:116N198V03) considering Male aged 25 years | Non-Smoker | Policy Term(PT)– 30 years | Premium Payment Term (PPT)– 30 years | Sum Assured opted is Rs.1,00,00,000 | Online Channel | Standard Life | Indian Resident | 1st Year Premium is Rs. 5,118. 2nd Year onwards premium Rs. 5,548. Total Premium Rs. 1,66,010 | Medical Rates | Yearly Premium Payment Mode | Death benefit opted is lumpsum payout and monthly instalments (Lumpsum Payout Percentage: 40, Income Payout Percentage: 60). Income payout instalment opted for 40 years | Premium shown above is inclusive of Online Discount only, no other discounts have been considered and exclusive of Goods & Service Tax/ any other applicable tax levied, subject to changes in tax laws, and any extra premium and is for illustrative purpose only. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) or consult your "Insurance Consultant' for more details and eligibility conditions carefully before concluding a sale.

35% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium

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