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Get Market-Linked Returns with Tax Benefits$




* T&C apply | BJAZ-WB-EC-04728/23


$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.

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

$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.

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

Know about wealth you can create in ULIP in 10 years

A Unit Linked Insurance Plan (ULIP) is considered as one of the most preferable means of investment today. ULIP Investment, which was once associated with higher costs, has changed the game for itself due to low costs and potential to earn high returns. A majority of investors prefer investing in a ULIP since they are looking at maximizing returns over the long run. However, an investor can yield desired gains if he/she invests in the right funds based on his/her risk appetite for a long term. One can seek advice from subject matter experts before taking a decision.

Before investing in ULIPs, it is important to understand the workings of the fund returns under a Unit Linked Insurance Plan (ULIP).  When a policyholder invests in a ULIP Plan, he/she expects his/her funds to grow over time along.  Hence it is important to stay invested for a long term to be able to maximize returns.


What are ULIP Fund Returns?


Unit Linked Insurance Plans (ULIPs) provides for a life insurance cover along with an investment opportunity to investors to achieve their life goals. Since a ULIP Plan provides different types of funds for investment, an investor must opt for only that type which matches his/her risk palette. He/she also needs to ensure the time or duration he/she wants to invest for. A ULIP Policy allows investment in equity funds, and debt funds.

Take a look at the factors mentioned below which influence your Return On Investment (ROI) estimation:

1.ULIP charges

Before analysing the returns, the investor must be aware of the certain charges imposed by ULIPs. Since these charges depend on the insurance companies, they vary from one insurer to another. Typically, every ULIP plan has charges like policy administration charge, fund management charge, premium allocation charge, and mortality charge.

2. Market performances

The market performance majorly dominates the returns on ULIPs. Hence, to maximize higher returns from the selected fund options, do a historic performance, check on them to get an indication before making a decision, although past performance is not indicative of future returns. After the investor invests in ULIPs, he must know how to further measure these returns with ease. Measuring the ULIP returns means allowing the policyholder to keep a check on his/her fund performance. Therefore, go through these 2 effective ways to measure ULIP returns in 10 years. If returns are up to 1 year then you can look at absolute return. If returns are more than 1 year, then you can look at CAGR.

Take a look:

1. Absolute Returns

Ideally, the policyholder only requires a current NAV and the initial NAV of the scheme to calculate absolute returns. However, he has to follow the three basic steps of doing so:

Step 1: Deduct the initial NAV from the current NAV

Step 2: Divide the value received from the initial NAV

Step 3: To obtain a percent value, multiply the amount with 100

The mathematical representation of the formula for calculating absolute returns is [(Current NAV- Initial NAV)/ Initial NAV] x 100. This method is considered as an effective way to examine the ULIP performance which is held for a short period. For instance, if the NAV rate at the time of purchase is Rs. 230, it will gradually increase to Rs. 265 after a year. In that case, the absolute returns will be approximately 15%.

2. Compounded Annual Growth Rate (CAGR)

CAGR indicates the annual growth of the policyholder’s investment for a specific period. To calculate CAGR, the investor has to follow the right mathematical formula for doing so. CAGR is mathematically represented as {[(Current NAV value/ Initial NAV value) ^ (1/ number of years)]-1} *100. This formula typically uses the end value and the beginning value of the scheme along with the number of invested years. For instance, if the rate of NAV at the time of purchase is Rs. 25, it’ll further rise to Rs. 35 after 5 years. You can calculate it as {[(35/25) ^ (1/5)] - 1} x 100= 6.9%. Therefore, the final percent value of CAGR is 6.9%.

Keeping these 2 effective ways of estimating your return over investment in mind, we are sure you’ll learn the technique with ease. Measuring the ULIP returns is no rocket science. All you have to do is follow the right steps and calculation to avoid any complexity and get an idea of your returns. Whether you’re looking for maximum gains or balanced gains invest in ULIP funds based on your risk appetite to get your life goals done.

#Survey conducted by brand equity – Nielsen in March 2020

~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 above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.