Benefits of ULIP Calculator for Smart Investment Choices

Benefits of ULIP Calculator for Smart Investment Choices

Unit Linked Insurance Plan is one of the ideal life insurance policies amongst policyholders today. Unit Linked Insurance Plan (ULIP) offers a dual benefit of life insurance and investment. In other words, if someone invests in Unit Linked Insurance Plan, a certain part of the premium paid by the policyholder is used for insuring the policyholder and his family members. The other part of the premium is used to invest your money in the market as shares, bonds, equity, stocks, etc.

Unit Linked Insurance Plan provides a lump sum amount of money as death benefits in unfortunate events such as the policyholder's death. As a result, ULIP offers financial security to the policyholder's family members in his absence so that they do not have to face any financial constraints.

While we choose to invest in a Unit Linked Insurance Plan, it is imperative to be clear about how much life cover will be required by you and your family and the amount of premiums that you will be able to afford. To have a more precise and better understanding of the factors mentioned above, one can use the Unit Linked Insurance Plan or ULIP calculator.

Let us understand what a ULIP calculator is and how a ULIP calculator can help you make intelligent investment choices.

What is a ULIP Calculator?

The premiums paid by the policyholder are used to insure them and their family members and invest their money in the market as shares, bonds, equity, etc. Unit Linked Insurance Plan or ULIP calculator is a free online calculator that the policyholders can use to calculate the amount of premium they will have to pay and the amount of returns they will be getting after investing in a Unit Linked Insurance. As ULIP invests the policyholder's money in the market, it involves certain risks. With the help of the ULIP calculator, a policyholder can get a rough idea of the amount of returns he will be getting.

How a ULIP Calculator Can Help You Make Smart Investment Choices

There are various reasons how a ULIP Calculator can help you make intelligent investment choices. Let us see how.

4 Major Benefits of ULIP Return Calculator

With the help of the ULIP calculator, a policyholder can get a better insight into the life cover he requires and the premiums he will have to pay. There are a few benefits of using a ULIP calculator. Let us see a few of them.

1. Provides Optimum Insights

With the help of a ULIP calculator, one can get a clear and better understanding of the returns that the policyholder will get, keeping in mind the performance of the market.

2. Let’s You Customise the Plan

A ULIP calculator helps you keep in mind various parameters while investing in a Unit Linked Insurance Plan, which further enables you to choose the plan that suits you the best.

3. Financial Tool

A ULIP calculator is a financial tool that gives comprehensive information on estimated returns and accurate amount of premiums that a policyholder will have to pay within minutes.

4. Does Its Job Within Minutes!

A ULIP calculator gives you all the information you need on returns and premiums amount with a few clicks and within a few minutes.

Wrapping Up

While investing in a Unit Linked Insurance Policy (ULIP), it is always recommended to use the ULIP Calculator to evaluate the premiums and the returns briefly and comprehensively regarding market performance. You should go for a ULIP calculator that is a flexible and is efficient in evaluating, comparing returns of various types of ULIP plans within minutes and a few clicks.

Note- The premium paid in Unit Linked Insurance policies 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.


*Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

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