ULIP Calculator

What is a ULIP Calculator?

ULIP (Unit Linked Insurance Plan) is a market-linked investment plan that gives you the double benefit of wealth creation and insurance protection. As ULIP offers multiple investment options, a ULIP calculator can help you select the right plan for your requirements.

A ULIP calculator is an online tool that estimates the returns you can expect on a particular ULIP investment, when you invest a specific amount for a particular tenure. The ULIP return calculator can help you compare the potential returns of different ULIPs, to enable better financial planning for long-term goals.

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How to use ULIP calculator?

Step 1

Fill up the basic details

Amount you wish to invest and Frequency of premium payment.

Step 2

Toggle the duration bar

To gauge the returns earned as per the tenure.

Step 3

Select the Rate of Interest

Calculator will determine the return on investment value basis the prevalent interest rate you select.

Step 4

Click on Submit button

To check the return on investment value & calculator will also suggest the investment plans as per your needs.

Step 5

Review details

Maturity value is given as a breakdown of principal amount invested plus total interest earned over the tenure.

How do Retirement Calculators work?

What is the formula to calculate ulip returns?

There are two methods to calculate ULIP returns.

1. Absolute Return

The absolute return percentage is determined by calculating the difference between the selling price and the purchase price of an investment, and then dividing that difference by the purchase price. The resulting value, when multiplied by 100, represents the absolute return percentage.

Absolute Return Formula:

[(Current NAV - Initial NAV) / Initial NAV]*100

NAV (Net Asset Value) is the per unit value of the assets less the expenses of an investment fund.

2. Compounded Annual Growth Rate ( CAGR)

The Compounded Annual Growth Rate (CAGR) represents the annualized rate of return for an investment over a specific time period, stated as a percentage.

CAGR Formula:

{[(Current NAV / Initial NAV) ^ (1 / Number of years)] - 1 }*100

However, CAGR depicts only the mean growth rate and does not consider the volatility of returns over a period of time.

What are the benefits of using ULIP Calculator?

The ULIP calculator acts as a trusted guide to help you navigate through the choices and identify your long-term financial aspirations.

Gain valuable insights as you explore the expected returns on your investment.

Easily compare different ULIP plans based on cost, return, and duration to find the ideal fit.

Provides suggestions that align with your financial goals and estimates the time required to earn the returns.

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Frequently Asked Questions

Can I surrender ULIP after 5 years?

Answer: A ULIP surrendered after 5 years of completion earns tax-free returns. If you surrender a policy that is less than 5 years, the returns will be taxed as per your income tax slab rate.

How does ULIP plan work?

Answer: ULIP is an insurance cum investment plan that offers protection and market-linked returns. The insurance company pools the funds collected from all policyholders and invests this in equity, debt or a combination of both. The total corpus is then divided into units and distributed to each policyholder depending on their investment amount.

How much returns can I expect from a ULIP plan?

Answer: Financial experts predict that ULIP can give you anywhere between 10-12% returns, provided you stay invested for a longer duration such as over 10 years. The average return given by Equity index (Nifty 50) in the last 10 years was 13.2%. (source: www.nseindia.com)

Is ULIP good for long term?

Answer: ULIP is an excellent long term investment as it can generate high returns that are tax free. You should ideally stay invested for 15-20 years to gain the benefits. ULIP also lets you switch between funds to accommodate changing needs, mitigate market volatilities, or earn better returns.

Is ULIP good for retirement?

Answer: ULIPs make a smart choice for retirement and should ideally be invested in when one starts earning as:

ULIPs use the power of compounding returns, so the longer you are invested, the larger your corpus will grow.
A longer investment period balances out market volatilities and earns higher returns.
You can switch between funds to mitigate risks and meet evolving requirements.
You get tax benefits on the premiums paid as well as the maturity benefits.

What are the tax benefits under ULIP plan?

Answer: You can claim a tax deduction up to Rs.1,50,000 per annum on the policy premium paid under sections 10D and 80C of the Income Tax Act, 1961.