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.
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.