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Understand how a ULIP calculator works

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How does a ULIP Calculator Works?
September 29, 2023

In this policy, the investment risks in the investment portfolio is borne by the policyholder

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Life insurance and a market-linked investment coupled in one policy. This is what is making investment in ULIPs a preferred choice these days. On one hand, you get to financially protect your family in the event of the unforeseen. On the other hand, the sum assured along with potentially high returns await you on maturity, if you survive the policy term. This dual benefit arises from the way ULIP works. A part of your premium goes to form the life cover while the remaining is invested in market-linked funds to yield returns.

So, what is the amount of premium you should pay to make the best possible gains and for how long? Also, which of the available plans can give you maximum benefits? Here’s where the ULIP Calculator comes in handy to help you with your decisions.

What is a ULIP Calculator?

A ULIP calculator is an online tool designed to figure out the amount of money to be invested in and the tenure of a specific policy and calculate the expected returns based on it. Alternatively, if you have in mind the time for which you want to invest your money and the amount you expect on maturity, it can also calculate the payable premium.  A ULIP calculator lets you compare the expected returns and help you choose the ULIP plan best fitted to your needs, given the investment term and choice of premium.

How does a basic ULIP Calculator work?

It’s important to understand the operational process of a ULIP calculator to make the most of it. Following are the steps in which you can use it. But before that, make sure to zero in on details like the premium as per your convenience, the frequency of premium payment, the amount you want to invest in market-linked funds, the type of funds to invest in, the preferred investment term and the returns you are looking forward to.

1. Visit https://www.hdfclife.com/ and get access to free online ULIP calculator under the Section Tools & Calculators.

2. Enter all the required details like, Age, the amount you want to invest in the ULIP policy.  

3. Select your comfortable payment frequency. It can be a single lump sum payment or a schedule of annual, half-yearly, quarterly or monthly premiums.

4. Select the Maturity Years. The minimum maturity years are 5 years.

5. Based on all the information furnished, the ULIP calculator will generate for you the expected returns from the particular ULIP policy.

The benefits of using the ULIP Calculator

A ULIP plan is a safe investment choice offering returns as per market conditions. It is important to choose the best available plan that gives you the maximum benefits. Here the ULIP calculator plays a major role as it calculates the amount you need to invest in a ULIP plan to earn the desired returns to meet your long- and short-term goals. Based on that, you can not only pick the policy best suited to your needs but also get a fair idea of how much returns to expect given your premium paying capacity and the preferred investment horizon. The ULIP calculator thus makes sure you zero in on the right policy from among the wide range of ULIP plans available in the market.

And to top it all, it’s free and hassle-free!

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ARN - ED/08/23/4070

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.     

For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life 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. HDFC Life Insurance Company Limited is only the name of the Insurance Company, The name of the company, name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

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