| Year | Premium | Charges | Fund Value | Death Benefit |
|---|
ULIP Calculator – Calculate Maturity Value, Returns & Death Benefit
The PlanMyReturns ULIP Calculator helps you estimate:
- Total premium paid
- Policy maturity value
- Net profit after charges
- CAGR (annual yield)
- Death benefit amount
- Year-wise fund growth
- Impact of fund allocation
This calculator is designed for investors who want to understand how ULIP returns actually work after charges and allocation.
What Is ULIP?
A ULIP (Unit Linked Insurance Plan) is a financial product that combines:
- Life insurance cover
- Market-linked investment
Part of your premium provides life cover, and the remaining amount is invested in market-linked funds such as:
- Equity funds
- Debt funds
- Balanced funds
ULIPs are long-term investment products typically chosen for goals like wealth creation, child education, or retirement planning.
How ULIP Works
When you pay a premium:
- A portion goes toward insurance (mortality charges)
- Some portion may go toward allocation charges
- The remaining amount is invested in funds
- The fund grows based on market performance
- Fund management charges are deducted
At maturity, you receive the final fund value. In case of death during the policy term, the nominee receives the higher of:
- Sum assured
- Fund value
This calculator reflects all these mechanics.
What This ULIP Calculator Calculates
This tool considers:
- Premium amount (yearly or monthly)
- Policy term (10 to 25 years or custom)
- Expected return rate
- Fund allocation between equity, debt, and balanced funds
- Allocation charges in initial years
- Mortality charges
- Fund management charge (1.35%)
It then calculates:
- Total premium invested
- Total charges deducted
- Final fund value at maturity
- Net profit
- CAGR
- Death benefit year-wise
Premium Frequency Options
Yearly Premium
Best for investors who pay annual policy premiums.
Monthly Premium
Suitable for investors who prefer SIP-style regular payments.
The calculator automatically adjusts compounding based on frequency.
Fund Allocation Options
You can allocate your investment across:
Equity
Higher risk, higher growth potential.
Debt
Lower risk, stable returns.
Balanced
Mix of equity and debt.
Total allocation must equal 100%. If inputs exceed 100%, the calculator automatically adjusts balanced allocation.
This helps you see how risk profile impacts long-term returns.
Charges Considered in Calculation
The calculator applies realistic charge assumptions:
- Allocation charge (5% in early years)
- Mortality charge (based on sum assured)
- Fund management charge (1.35%)
This gives you a more practical maturity estimate instead of unrealistic gross returns.
Example
Suppose an investor pays:
- ₹1,00,000 yearly premium
- 15-year term
- Expected return 8%
- Allocation 50% equity, 30% debt, 20% balanced
The calculator will show:
- Total premium paid over 15 years
- Total charges deducted
- Final maturity value
- Net profit
- CAGR
- Death benefit projection
Results vary depending on allocation and compounding frequency.
ULIP Calculation Formula (Simplified)
Fund value is calculated using compound growth after deducting charges.
For yearly premium:
Fund Value = (Previous Fund + Net Premium) × Growth Factor − FMC
For monthly premium:
Each month:
- Premium added
- Charges deducted
- Growth applied
- FMC deducted monthly
CAGR is calculated as:
CAGR = (Maturity Value / Total Premium)^(1/Term) − 1
How to Use This ULIP Calculator
- Enter premium amount
- Choose yearly or monthly
- Select policy term
- Enter expected return rate
- Adjust fund allocation if needed
- Click Calculate
You can also:
- Share your plan link
- Download CSV report
- Generate shareable image
ULIP vs Other Investment Options
ULIP vs SIP
| Feature | ULIP | SIP |
|---|---|---|
| Insurance Cover | Yes | No |
| Charges | Higher | Lower |
| Lock-in | 5 years | Flexible |
| Liquidity | Limited | High |
ULIP vs Traditional Endowment Plan
| Feature | ULIP | Endowment |
|---|---|---|
| Market Linked | Yes | No |
| Return Potential | Higher | Fixed |
| Transparency | High | Limited |
ULIP vs PPF
| Feature | ULIP | PPF |
|---|---|---|
| Risk | Market-linked | Very low |
| Lock-in | 5 years | 15 years |
| Tax Benefit | Yes | Yes |
| Insurance Cover | Yes | No |
Who Should Use This ULIP Calculator
- Investors comparing ULIP vs SIP
- Buyers evaluating a new ULIP policy
- Policyholders checking if returns justify charges
- Long-term goal planners
Why PlanMyReturns ULIP Calculator Stands Out
- Includes realistic charge deductions
- Shows maturity and death benefit
- Supports yearly and monthly premium
- Custom fund allocation control
- Share plan and download CSV
- Clear year-wise breakdown
Frequently Asked Questions
ULIP provides insurance + investment. Mutual funds provide only investment. ULIP may suit those wanting both in one product.
Returns depend on fund allocation. Equity-heavy allocation may generate higher returns but carries risk.
Charges include allocation charges, mortality charges, and fund management charges. They are deducted before or during investment growth.
ULIP maturity may be tax-free if conditions under tax laws are satisfied.
ULIPs have a 5-year lock-in period. Partial withdrawals may be allowed after lock-in.
The nominee typically receives the higher of sum assured or fund value.
CAGR reflects the annualized return on your invested premium over the policy term.