In ULIPs, the investment risk in the investment portfolio is borne by the policyholder. A Unit-Linked Insurance Plan or ULIP Calculator is a customised online tool that helps you (the insurance seeker) compare multiple ULIPs to calculate the maturity amount based on the amount you invest for a chosen period. A ULIP plan calculator is aimed at helping you reach your financial goals to secure your future....Read More
Disclaimer
: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.
₹24,000 p.m. invested since inception is ₹1.03 cr today4
₹24,000 p.m. invested since inception is ₹1.03 cr today4
with Max Life High Growth Fund
Life cover
Save tax up to Rs. 46,800/-##
Disclaimer:
4Past Performance is not necessarily indicative of future performance. CAGR since inception (14 yrs) – 11.8%
5 year CAGR – 13.4%. The above value of Rs.1,03,36792 based on 11.87% (CAGR – Compound Annualised Growth Rate) returns since inception from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 30/06/2022.
Written by
Reviewed by
Abhishek Chakravarti
BFSI Writer
Abhishek is a financial writer with over 6 years of experience in the BFSI sector. Prior to his current stint with Max Life Insurance, he has worked with leading fintech startups. He specializes in writing about taxation and various investment products like ULIPs, retirement plans, guaranteed investment plans, mutual funds etc.
Sahil Rawal
BFSI Expert
Sahil Rawal is a digital & brand management specialist with over 10 years of experience in Financial Services Industry. Life insurance professional with expertise in digital marketing strategy, website content marketing and brand communication designed to increase brand awareness, drive engagement & sales.
What is a ULIP Calculator?
A ULIP calculator is an online tool that provides you with the ease of calculating your returns on market-linked investments, thus helping you to plan your long-term financial goals while staying protected against life hazards.
Since ULIPs offer the dual benefit of insurance and investment, part of the premium you pay for the policy goes towards life coverage to you, and the rest of the premium is invested in the fund of your choice, thus helping you build a corpus. A ULIP plan calculator can be a helpful tool in case you are unsure of how much you should invest in a ULIP today to get the desired amount at maturity.
How does it Work?
A ULIP calculator is typically a user-friendly online tool that helps you calculate the maturity amount in a few steps. For this, you need to provide/select only a few details such as the premium amount, premium payment term, and investment tenure.
Generally, a ULIP plan calculator also features an option that allows you to divide your premium amount into multiple investment options such as risk-free and market-linked investments, thus helping you diversify your investment portfolio.
How does Max Life ULIP Plan Calculator Work?
Max Life ULIP Calculator is a user-friendly online platform that helps you plan your long-term investments, based on nominal information provided at the first step. The following are some simple steps to proceed to start your investment journey:
1. Provide your personal details in their respective fields and click on the View Plans button.
2. Click on the Investment Plans (Market Linked) option to proceed.
3. Select your Investment Amount, Premium Payment Term, and Maturity Period to check the maturity amount.
Feature of a ULIP Calculator
A ULIP calculator is typically aimed at helping you build a corpus and avail corresponding tax benefit, thereby securing your family financially.
The following are some key features of a ULIP Calculator:
• Transparent calculation
A ULIP return calculator features transparency and is comprehensive in terms of fund details. This is to ensure that you are able to calculate the exact value of returns that you are likely to receive on maturity.
• Flexible inputs
A ULIP return calculator is flexible when it comes to functionality, as you can change different variables based on the amount you wish to invest in a ULIP, subject to the policy tenure.
• Comprehensive Control
A ULIP calculator provides you with complete control when it comes to calculating customised returns. You can calculate the premium and the corresponding return on investment using a ULIP return calculator.
• Goal-based Planning
A ULIP maturity amount calculator allows you to plan your goals by analysing multiple fund options and to choose one or more investment options to earn the best returns on your investment.
Benefits of a ULIP Calculator
The following are some key benefits of a ULIP calculator:
A ULIP calculator ensures that you understand the calculation easily.
It is an efficient and user-friendly tool that provides you with an estimate of the return you are going to receive
It allows you to compare multiple ULIPs based on the policy cost, tenure, and returns
This online tool is available online and is therefore easy to access free of cost
It allows you to strategize your investment based on policy tenure, your financial goals, and your risk appetite
Max Life Fund Performance vs. Benchmark
The following table represents popular Max Life Funds and their corresponding returns for 5 years and since inception.
Fund Name
5 Years*
Since Inception*
Fund Return
Benchmark Return
Fund Return
Benchmark Return
High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104)
14.17%
9.87%
12.21%
7.21%
Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104)
11.50%
11.40%
11.26%
9.25%
Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104)
8.50%
9.85%
11.89%
11.35%
Balanced Fund (SFIN: ULIF00225/06/04LIFEBALANC104)
7.70%
8.92%
10.01%
9.59%
Secured Fund (SFIN: ULIF00425/06/04LIFESECURE104)
6.29%
7.32%
7.57%
7.44%
Dynamic Bond Fund (SFIN: ULIF02401/01/20LIFEDYNBOF104)
NA
NA
4.56%
4.61%
Money Market II Fund (SFIN: ULIF02301/01/20LIFEMONMK2104)
NA
NA
3.09%
4.48%
Diversified Equity Fund (SFIN: ULIF02201/01/20LIFEDIVEQF104)
NA
NA
21.57%
21.03%
*Returns more than 1 year are Compounded Annual Growth Rate
Fund Returns and NAV are as per Max Life Insurance Fund Fact sheet of Apr 2023
For more details, refer to Max Life Insurance Fund Fact Sheet.
ULIP Calculator – FAQs
The NAV of a ULIP is calculated simply by adding up the fund value any day and then subtracting the fund management fee from it.
ULIP investments are typically considered risky, as they have a built-in investment component.
Money invested in ULIPs is compounded over a longer period and you should stay invested to attain your long-term goals, such as buying a house, your dream car, and children’s higher education.
Once the lock-in period of five years is complete, the maturity or surrender amount is tax-free, provided the life coverage offered by your ULIP is a minimum of ten times your annual premium, under Section 10(10D) of the Income Tax Act, 1961.
ARN NO: PCP/UPC/020823
4Past Performance is not necessarily indicative of future performance
CAGR since inception (14 yrs) – 11.8%
5 year CAGR – 13.4%
The above value of Rs.1,03,36792 based on 11.87% (CAGR – Compound Annualised Growth Rate) returns since inception from Max Life High Growth Fund (ULIF01311/02/08LIFEHIGHGR104) as on 30/06/2022.
We would like to hear from you
Let us know about your experience or any feedback that might help us serve you better in future.
Do you have any thoughts you’d like to share?