Choosing the correct avenue for investment is highly crucial to ensure a concrete financial future. It not only secures the future of your investments but also ensures that you receive optimum returns in the long run, considering the inflation issue.
You can easily utilise the ULIP calculator to ensure flawless calculation and secured financial planning in ULIP investments. It is a user-friendly digital tool that automatically reveals the outcome of your investment planning as you enter the relevant details. You can make a comparative study among several options and make a solid decision to ensure optimum returns.
What is meant by ULIP?
ULIPs are hybrid investment instruments where a part of your premium is invested towards life coverage, while the remaining gets invested in types of funds that you have selected for corpus building. In case you are not sure about the future of your investment, the ULIP calculator comes in handy to guide you under such circumstances.
What is a ULIP calculator?
A ULIP calculator reveals the maturity amount depending on your planned investment amount and its equivalent returns aiding you to make concrete planning. This is a compact and effective digital tool that allows users to detect their investment horizons, risk tolerance capacity and expected return on investments, depending on the investment duration and predicted return rate.
With the help of the ULIP calculator, you can easily compare among several competent ULIP plans. You can assess the probable development of your planned investments in the long run, considering inflation and market fluctuations along with the chosen fund performance.
Why do you need to use the ULIP calculator?
Some of the highlighting uses of the ULIP calculator include:
- Financial planning: To ensure proper financial security, you need to make proper and effective financial planning. This calculator gives an insight into the future of your investments in ULIP funds.
- Goal setting: The ULIP calculator aids you in prioritising and establishing your investments considering long-term financial goals.
- Comparison: With the help of this calculator, you can make a critical comparison among several competent ULIP plans and choose the most suitable one according to your needs.
- Risk assessment: This effective digital tool gives you the insight to discover the perfect combination between returns and risks involved in your planned investment portfolio so that you can improvise it to ensure a higher return.
- Analysing flexibility: With the help of the ULIP calculator, you can well assess the features and benefits of several ULIPs and then proceed accordingly.
- Monitoring investments: With ULIP calculators, you can easily monitor and evaluate the overall performance of your ULIPs, to ensure enhanced longevity of your chosen investment portfolio. You can make the necessary additions and alterations according to your requirements.
How to use the ULIP calculator?
To access and use a ULIP calculator you need to follow these few simple steps:
- Visit the official website of your chosen financial organisation offering ULIPs
- Once the page opens search for the ULIP calculator
- Enter all the basic information as required including gender, DOB, contact details, email address, name, etc.
- Enter habit and health details like PEDs, smoking, and drinking habits
- Enter the premium amount or the planned ULIP investment amount
- Choose the premium payment frequency
- Select the investment tenure
- Choose your preferred investment funds from the options available; it can be a clever combination of equity, fixed income, and debts.
- Then click on the “calculate” tab to discover the estimated returns of your planned investment portfolio.
Features of ULIP calculator
Some of the most effective features of the ULIP calculator include:
- Transparent: A ULIP calculator ensures complete transparency when it is concerned with return calculation considering the market fluctuations. You can easily monitor every individual ULIP investment using this calculator.
- Goal-based savings: You can well analyse all the relevant fund options available suitable according to you, ensuring optimum returns.
- Comprehensive control: With the aid of the ULIP calculator you can exercise complete control over all your ULIP investments. Moreover, based on the results, you can even alter your investment strategies to ensure a higher outcome.
- Planning tool: The ULIP calculator acts as a very effective digital calculation tool and financial planner. It effectively highlights all the relevant aspects of your chosen fund considering your risk appetite, goals, and objectives.
- Flexibility: When it comes to calculating the returns of your intended ULIP investments, this calculator proves to be very flexible. It considers your affordability, necessities, long-term goals, and preferences, offering an accurate estimation.
Conclusion
ULIP calculator aids in the effective evaluation of ULIP investment returns. It ensures accurate financial projections and proper assessment of potential returns. It aids you in making informed choices in the ULIP investment sector, helping you to customise the plans according to your requirements, and essential risk evaluation. It acts as an effective tool for comparative analysis. It is quick and user-friendly. All these effective advantages have made ULIP an indispensable tool in the ULIP investment sector.