1. What is a ULIP calculator?

A ULIP calculator is an easy-to-use and free of cost online tool that is used to calculate ULIP premiums and get an idea of the wealth a ULIP plan will generate in the entire tenure. It has various variables like the tenure, the expected return on investment and the financial objective.

2. How is ULIP calculator helpful for offline purchases?

ULIP plans can be bought both online as well as offline. Even though offline plans have to be bought through agents or physical branches, one can use the ULIP calculator to compare plans and get the future value of the investment.

3. Is ULIP plan a good investment?

Unit Linked Insurance Plans (ULIPs) can offer investment opportunities coupled with insurance coverage. However, their returns depend on market performance and the chosen fund's performance. They can yield good returns over the long term due to market exposure but involve risks as they're linked to market fluctuations. Returns may vary based on the fund's performance, making it essential to assess your risk tolerance and investment goals before considering a ULIP as an investment option.

4. Are returns guaranteed under ULIPs?

The returns are not guaranteed under ULIPs. The accumulated corpus is invested in funds, which are a mix of debt and equity. Since ULIPs invest in market-linked instruments, the returns are not guaranteed, but investors can choose the funds as per their risk profile and investment expectations.

5. How do I pay ULIP premiums?

ULIP premiums can be paid as a lump sum or in monthly, quarterly, half-yearly and annual instalments. Some ULIP plans have a limited premium payment tenure, while other payment tenures run for the entire duration of the policy.

6. How to buy a ULIP policy online?

You can visit the insurer’s website, check the available online ULIP plans, choose the suitable plan, and buy online. To buy, you would be required to fill up an online proposal form and pay the premium online through any of the digital payment modes.

7. Where & how is my money invested?

The premium that you pay towards the ULIP is invested in market-linked securities. ULIPs offer different types of market-linked investment funds. Depending on the funds that you select, the premium is invested.

8. At what age can I start a ULIP plan?

You can start a ULIP plan at any age, provided the age falls under the minimum and maximum age limits of the chosen policy. Some ULIPs may allow coverage from 3 months onwards. The maximum entry age, however, is limited to 65 or 70 years depending on the features of the plans and insurer. That said, it is better to start ULIP as early as possible so that you can opt for a long-term tenure and also save affordably to create a corpus for your financial goals.

9. What are the charges in the ULIP plan?

Premium allocation charge – deducted from the premium Mortality charge – deducted from the fund value to provide life insurance cover Fund management charge – deducted from the fund value to pay for the professional management of the chosen investment fund Policy administration charge – deducted from the fund value towards the administrative charged incurred by the insurer Policy discontinuance charge – if you surrender the policy within the lock-in period of 5 years. Switching charge – as and when applicable Partial withdrawal charge – if applicable Miscellaneous charge – for other applicable charges

10. What is ULIP NAV?

NAV stands for Net Asset Value. It is the current market value of the underlying securities held in the fund’s portfolio 2 . NAV also represents the per unit cost of a ULIP fund 2 . The units that you get for your investment depend on the ULIP NAV . For instance, if you invest Rs. 10,000 and the NAV is Rs.10, you will get 1000 units of the fund. ULIP NAVs change constantly depending on the market performance of the underlying securities. If the NAV increases, the overall fund value increases and you make a profit. On the other hand, if the NAV falls, the fund value falls and you incur a loss.

11. How to calculate ULIP NAV?

The NAV of a ULIP fund can be calculated by a simple formula which is as follows 2 – NAV = [(Current market value of the fund’s portfolio + assets of the fund) – Liabilities of the fund] / Total number of securities held in the fund.

Claim Settlement Ratio of 99.23%^~

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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.