Here's How a ULIP Calculator Can Help You Plan Your Investments

Ulip

Unit Linked Insurance Plan (ULIP) is an ideal investment plan available to policyholders to financially secure themselves and their families. It provides a policyholder with dual benefits of both investments as well as insurance. One part of the premium paid by the policyholder is used for insurance and the remaining part of the premium is used for investing your money in the market like stocks, shares, bonds, equity, etc. There are various reasons why one should invest in ULIP plan. It provides financial security, tax benefits, death benefits, etc.

Before investing in a Unit Linked Insurance Plan (ULIP), it is imperative to have clarity on the life cover you require for the financial security of you and your family and the amount of premiums you can afford to pay. With ULIP calculator, you can get a better clarity on how much life cover is ideal for you and your loved ones and the premium you will have to pay for investing in Unit Linked Insurance Plan.

Let us understand what a ULIP calculator is and how can it help you plan your investment more comprehensively and conclusively.

What is a ULIP Calculator?

Unit Linked Insurance Plan calculator or a ULIP calculator is a financial tool that allows the policyholder to choose the best Unit Linked Insurance Plan aligned with the financial requirement and goals of the policyholder and his family. With the ULIP calculator, a policyholder can compare various plans and the returns on a certain plan.

Advantages of Using ULIP Calculator

There are various advantages of using a ULIP calculator before investing. Let us see some of the benefits.

1. Quick and Convenient

ULIP calculator is free of cost and an online financial tool that helps you compare the best plan suited for you and your family, enabling you to choose the ideal life cover within minutes and a few clicks.

2. Comprehensive Financial Planning

ULIP calculator is a simple and effective financial tool with which you can plan your investment in a comprehensive manner and calculate the returns you will be getting according to your requirement.

Aligned with Your Goals

ULIP calculator helps you compare various plans and choose the best plan that is aligned with you and your loved ones' age, income, gender, occupation, future plans, financial goals and requirements, etc.

How to Use a ULIP Calculator?

  • To use ULIP calculator, the first step is to fill in your personal details that will be required for the Unit Linked Insurance Plan.
  • After that, choose the amount of returns you expect and the amount of premiums you plan to pay.
  • The third step is to choose the frequency of how you will pay the premiums. It can be based on your convenience and comfort.
  • Now, choose the timeline of how long you want the policy for.
  • After that, choose the type of fund that you want to invest in. It can be shares, bonds, equity, fixed incomes, etc.
  • The last step is to click the "Calculate" button. You will get several ULIP plans based on your personal information like goals, income, requirements, etc. You can choose the plan that is aligned with financial requirement of you and your family.

Conclusion

ULIP calculator is an online, free of cost, and ideal financial tool that helps you choose the best ULIP plan for the financial security of yourself and your loved ones. For more information on the ULIP calculator, you can check online as there are multiple calculators available on internet.

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.

Suggested Plans

Bharti AXA Life Saral Pension

  • Simple, easy to understand features
  • Guaranteed fixed income for whole life
  • Joint Life Option
  • Multiple Annuity Pay-out Frequencies
  • Return of Purchase price In case of death of the annuitant (or the last surviving annuitant in case of Joint life)

Bharti AXA Life Aajeevan Sampatti+

  • Life cover up to age 100
  • Guaranteed Annual Payouts from 10th policy year (as per the terms and conditions of the policy)
  • Maturity Benefit along with Cash Bonuses
  • Tax benefits