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ULIP calculator

Before investing your hard-earned money, it is important to ensure that the selected ULIP plan is suitable for your needs. A ULIP return calculator can help you get an idea of the various aspects of ULIPs. A ULIP calculator is a handy online tool that tells the investors the amount they can expect at maturity after investing a specific amount for a particular tenure. It takes into account all the crucial data points like tenure, premium, age and rate of return to provide expected returns on investment. 

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Get Your Life Goals, Done!

Tailored Life Insurance Solutions for your long-term Life Goals.

Written ByPalak Bagadia
AboutPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.
Reviewed ByRituraj Singh
AboutRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.

Why Use The ULIP Calculator?

A Unit Linked Insurance Plan (ULIP) allows you to create a tailored corpus for your financial goals with market-linked returns. As ULIP returns depend on market performance and aren't guaranteed, understanding expected returns is very crucial. A ULIP calculator is essential when purchasing a ULIP for assessing necessary savings to achieve a desired corpus and determining the required investment amount. It guides in evaluating the adequacy of your savings and aids in planning finances effectively based on determined savings needed for specific financial objectives, ensuring proper allocation of the required amount.

How Does the ULIP Calculator Work?

The ULIP calculator is an online tool that uses investor-provided data to estimate returns. For long-term insurance and investment plans like ULIPs, it's recommended to use a maturity amount calculator beforehand for an idea of the expected returns.

The key information required by a ULIP plan calculator is:

  • Frequency of premium payment

  • Premium amount

  • Type of fund

  • Rate of return

  • Investment duration

Many ULIP maturity amount calculators give an additional option of dividing the investable amount into risk-free and market-linked investments. The rate of return of different types of investments are based on various assumptions and can vary. The ULIP plan calculator should be used to get an idea of the maturity amount, but the amount should be used only as a tentative figure and not to be used as the base for firm decisions.

ULIP Charges You Should Know About

Knowing ULIP charges gives a clear idea of the amount that is invested and the overall returns. Here are some of the major ULIP charges:

Charge Type Description
Premium allocation charges The premium allocation charge is an upfront fee deducted from the premium paid by the investor. It covers the cost of selling the policy which includes underwriting costs, medical expenses, and distributor’s fee.
Mortality charge ULIPs pay a pre-decided amount to the family of the insured on his/her demise during the policy term. The insurance company levies a mortality charge to cover the cost of life insurance. Mortality charges in ULIP depend on factors like age, health, and the sum assured.
Fund management charges When investing in market-linked funds through a ULIP, insurance companies levy a fund management charge for managing the accumulated funds and generating returns.
Policy administration charges Insurers levy policy administration charges to cover administrative work like record-keeping. These charges are deducted monthly.
Surrender charge ULIPs have a five-year lock-in period. If discontinuing the policy within this period, the insurance company levies a https://www.bajajallianzlife.com/life-insurance-guide/ulip/why-you-should-not-surrender-your-ulip.htmlsurrender charge, also known as the policy discontinuance charge.

ULIP Charges

Features of A ULIP Calculator

Here are some of the features of a ULIP Calculator:

Plan Life Goals Better

ULIP calculator ensures that you can get an idea of how much corpus you would require to get your life goals done by providing comprehensive details of the investment funds and the expected returns. With ULIP calculators, you can get a broad idea of the amount to expect at maturity. On the other side, you can also provide the amount to earn and get the duration required to achieve the goals.

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Flexibility

Investors can change the variables to change the output according to their needs. Sometimes, frequent modifications may be required to get a comprehensive picture and ULIP calculators offer adequate flexibility.

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Control

Investors can control the information they want from a ULIP calculator. The expected rate of return, premium amount and duration can be modified to get different results as required.

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Goal-Based Planning

Setting a goal and formulating a plan for achieving it is considered to be a foolproof strategy. Having a goal makes it easier to save. ULIP calculator helps in goal-based planning by analyzing all the fund options and their returns.

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Benefits of A ULIP Calculator

The ULIP calculator is a simple tool but has a high utility. There are several benefits of using a ULIP calculator:

1. The ULIP calculator is easy to understand and does not require any special instructions.

2. ULIP calculators are easy on the pocket. ULIP calculators are free of charge and users do not have to pay anything to plan for their future.

3. ULIPs are long-term investments and by giving a rough idea of the returns to expect and the maturity amount, ULIP calculators help investors make an informed decision.

4. Many people opt for unit-linked plans just for ULIP tax benefits, but ULIP benefits also include flexibility of investment. ULIPs offer a variety of fund options, which can be confusing for some. ULIP calculator helps investors know which funds to opt for to achieve their stated financial goals.

5. The optimum duration of an investment is an important consideration for every investor. By using a ULIP calculator, investors can get the estimated duration required to accumulate the required wealth at a specific rate of return.

How to Calculate Your ULIP Investment Returns Online?

You can use an online ULIP calculator to calculate your ULIP investment returns. The calculator is a simple tool which calculates the expected returns from your investment basis the details that you have provided.

To calculate the returns, here are some details that a ULIP calculator may require1

● The amount that you want to invest

● The tenure of investment

● How would you like to divide your investments? (risk-free instrument or market linked instrument)

Basis the information entered, the calculator calculates your returns and tells you the expected corpus that you can create for your financial goals.

ULIP Plans By Bajaj Allianz Life

ULIP Plans Have Gained Substantial Popularity In India. ULIPs Help You Meet Dual Needs Of Insurance And Investment. It Guarantees The Payment Of A Pre-Decided Amount To Your Nominees In The Event Of Your Death Subject To The Policy Terms And Conditions, While Simultaneously Growing Your Wealth And Helps You Achieve Life Goals. The ULIP Policies Offered By Bajaj Allianz Are:

  • Online Plans

  • Offline Plans

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Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Insurer, committed to offer value packed and innovative products to meet you Life Goals

99.23%

Claim Settlement Ratio~

1 Day

Claim Approval%

AAA

CARE Stable Rating$

₹1,09,829Cr

Assets Under Management (AUM)**

4.19 Cr

Number of Lives Covered#

432%

Solvency Ratio^

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, 2024, ^Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%, #Individual Group.1 Source: Bajaj Allianz Life Public Disclosure

Online ULIP Calculator - Frequently Asked Questions

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#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.

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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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Disclaimer

%%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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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


Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800

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Bajaj Allianz Life Term Insurance with tax benefit up to Rs 46,800*
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