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How to calculate Your ULIP Investment Returns?

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A Unit Linked Investment Plan is one of the most lucrative investment options that you can choose from. However, it is important to be wise and mindful while selecting your ULIP in order to avoid making incorrect choices. One of the most important factors to consider while choosing a ULIP for yourself is the return that it would offer. But how can we know what kind of returns will be offered by our ULIP? This is where a ULIP Calculator comes into the picture.

A ULIP Calculator is a specifically designed tool that can help you calculate your premium amounts and compute the returns. Based on your policy's premium amount and tenure, this calculator determines the returns offered by a specific ULIP. This helps you in comparing different plans and making the right decisions for yourself. In other words, with the help of a ULIP Calculator, you can choose a ULIP that offers life cover with lucrative return in investment.

Why Use a ULIP Calculator?

Since ULIPs offer a dual benefit of insurance as well and investment, it is considered one of the most profitable financial investments available today. These plans are ideal for anyone who's looking for a safe and secure investment option and wishes to yield a high return on investment with the associated market risks. However, with a large number of ULIPs available in the market, it can get incredibly hard to choose the right one for yourself. This is why you must use a ULIP Calculator to understand which plan would work the best for you.

How to Use a ULIP Calculator?

While a ULIP calculator is a handy tool to understand the return of your ULIP, it is important to know how to use it. Here's a step-by-step guide on how to use a ULIP investment calculator (These steps may change depending on the insurance provider’s website).

  • STEP – 1
    Log on to an insurance provider’s website and check out the ULIP calculator.

  • STEP -2
    Specify the amount you wish to invest in a ULIP. Also, mention whether you would like to pay the premium in a monthly, quarterly, or yearly instalment.

  • STEP – 3
    Select the tenure of your policy.

  • STEP – 4
    Next, select the funds you want to invest in. Choose whether you want to invest in a debt fund, an equity fund, or a combination of both depending on your risk appetite.
 

After you’re done with these details, you will have to enter your personal information like name, gender, and date of birth, to name a few. This will give you the exact value of return you will accumulate through your ULIP.

 

Using a ULIP Calculator is easy, free, and hassle-free. Let’s look at some of the features of this calculator in detail.

  • Transparent - A ULIP Calculator provides accurate, transparent, and comprehensive details on your investment plan, giving you a clear idea of your return on investment.

  • Flexibility -These calculators are flexible, and you can change the variable as per the amount you wish to invest and the tenure of your policy

  • Goal-Based Planning -Since a ULIP calculator helps you in analyzing which fund option is better for you, you can plan your investments according to your financial goals.
 

ULIPs are excellent investment options aside from being a safety net for you and your family. However, it is important to make sure that you choose the right plans to get the best returns. Using a ULIP interest calculator will help you find the perfect ULIP as per your financial requirements and bring you closer to your goals.

Disclaimer:

*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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