ICICI ULIP CALCULATOR

To further understand and evaluate an investment in ULIP, you can use the ICICI ULIP Calculator.

Why Should You Use ICICI ULIP Calculator?

New investors and existing policyholders can use ULIP calculators to plan their investments. The following points explain why an investor should use the ICICI ULIP calculator before planning an investment:

• Easy to access – The ULIP ICICI calculator is readily available on their official website. Anyone can easily access it online from the comfort of their homes or anywhere else.

• Fast and Easy calculation – Using this calculator is easy. You can enter the required information in the calculator and press submit/calculate/enter to know the results. You can also try different combinations of values to choose the best-fitted option.

• Free to use – This online calculator is free to use and can be accessed more than once.

• Guiding your investments – ULIP calculator helps you determine the best returns and ULIP plans according to your financial goals and investing strategy.

How to Use the ICICI ULIP Calculator?

You can follow the steps mentioned below to the ICICI ULIP calculator:

• Step 1 – Visit the website. Click on plans and proceed to the ULIP section. Go to check returns and then click oncalculate returns. 

• Step 2 – Enter the amount you want to invest. Then choose between monthly, half-yearly, or yearly for premium payment.

• Step 3 – Choose a policy term between 10 – 30 years or whole life (till 99 years of age).

• Step 4 – Choose the payment option - limited pay and regular pay.

• Step 5 – Choose your investment strategy between aggressive, balanced, or conservative. 

• Step 6 – Choose the life cover. The remaining amount will automatically go to the investment part.

Once you have completed all the above steps, the calculator will show the result, which is the maturity amount.

ICICI ULIP Calculator Example

• Step 1 – Investment amount: ₹ 10,000
  Now enter the amount (₹10,000) into the calculator.

• Step 2 – Investment Intervals
  Select between monthly, yearly, or bi-annually. Let us choose monthly investments.

• Step 3 – Policy term
  Select 20 years, which means your investment maturity in ULIP is for 20 years.

• Step 4 – Payment option
  Select the Regular payment option, which means you will pay regularly ₹10,000 every month for 20 years.

• Step 5 – Investment strategy
  Select Aggressive, which means your investments will be allocated to 100% in equity.

• Step 6 – Now, click on view fund details.

• Step 7 – Click on edit fund allocation.

• Step 8 – Enter 100 % on Maximizer Fund-V.

• Step 9 - Click Save.

• Step 10 – Regular Withdrawal is also called the Systematic Withdrawal Plan. You can also choose to opt out for now if there is any lock-in period.

• Step 11 – Click on back.

• Step 12 - Enter your desired amount for life cover like ₹12 lakhs or any other amount.

• Step 13 – The calculator will show the following results:

• Maturity amount - 44.61 Lakhs

• Life cover - 12 Lakhs

So, you will get 44.61 lakh at the end of 20 years by just investing ₹10,000 monthly for 20 years.

Top ULIP Funds^†

Returns 3 Years 5 Years 10 Years

Equity (Large, Mid Cap) Balanced Debt

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

High Growth Fund

Max Life

AUM:8,482 Cr

8,482 Cr

NAV

119.99

1.59%

Returns

23.95%

Returns

31.9%

Highest Returns

Returns

20.47%

Get Details

Whole Life Mid Cap Equity Fund

Tata AIA

AUM:13,435 Cr

13,435 Cr

NAV

158.69

2.49%

Returns

21.08%

Returns

27.7%

Highest Returns

Returns

20.43%

Get Details

Virtue II

PNB Metlife

AUM:3,532 Cr

3,532 Cr

NAV

77.53

1.12%

Returns

17.59%

Returns

26.28%

Highest Returns

Returns

17.97%

Get Details

Accelerator Mid-Cap Fund II

Bajaj Allianz

AUM:6,452 Cr

6,452 Cr

NAV

86.49

1.27%

Returns

17.79%

Returns

22.67%

Highest Returns

Returns

16.96%

Get Details

Opportunities Fund

HDFC Standard

AUM:40,966 Cr

40,966 Cr

NAV

78.44

1.16%

Returns

15.75%

Returns

23.42%

Highest Returns

Returns

16.86%

Get Details

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Whole Life Aggressive Growth Fund

Canara HSBC Oriental Bank

AUM:869 Cr

869 Cr

NAV

93.59

0.82%

Returns

16.11%

Returns

20.41%

Highest Returns

Returns

15.83%

Get Details

Whole Life Stable Growth Fund

Canara HSBC Oriental Bank

AUM:266 Cr

266 Cr

NAV

61.92

0.32%

Returns

12.53%

Returns

15.66%

Highest Returns

Returns

12.78%

Get Details

Balanced Fund

Canara HSBC Oriental Bank

AUM:380 Cr

380 Cr

NAV

48.06

0.34%

Returns

11.49%

Returns

14.21%

Highest Returns

Returns

11.91%

Get Details

Asset Allocation Fund II

Canara HSBC Oriental Bank

AUM:341 Cr

341 Cr

NAV

31.32

0.18%

Returns

9.45%

Returns

12.98%

Highest Returns

Returns

11.36%

Get Details

Save N Grow Money Fund

Canara HSBC Oriental Bank

AUM:68 Cr

68 Cr

NAV

58.7

0.37%

Returns

8.69%

Returns

11.34%

Highest Returns

Returns

10.82%

Get Details

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Builder

Canara HSBC Oriental Bank

AUM:243 Cr

243 Cr

NAV

89.55

0.06%

Returns

6.87%

Returns

8.26%

Returns

8.91%

Highest Returns

Get Details

Whole Life Income Fund

Canara HSBC Oriental Bank

AUM:802 Cr

802 Cr

NAV

38.31

0.03%

Returns

6.22%

Returns

7.01%

Returns

8.18%

Highest Returns

Get Details

Debt Fund

Canara HSBC Oriental Bank

AUM:482 Cr

482 Cr

NAV

36.29

0.04%

Returns

5.92%

Returns

6.91%

Returns

7.93%

Highest Returns

Get Details

Conservative Fund

Canara HSBC Oriental Bank

AUM:233 Cr

233 Cr

NAV

55.4

0.09%

Returns

7.01%

Returns

7.98%

Highest Returns

Returns

7.92%

Get Details

Protector

Canara HSBC Oriental Bank

AUM:307 Cr

307 Cr

NAV

64.22

0.06%

Returns

6.07%

Returns

7.01%

Returns

7.89%

Highest Returns

Get Details

Disclaimer :
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Advantages of ICICI ULIP Calculator

The advantages of the ICICI ULIP calculator are:

• Plan your future finances – The ICICI ULIP calculator helps you understand your financial needs and plan your investments accordingly. You can calculate the amount you want to invest in various instruments to calculate the amount you need to ensure your life.

• Availability of Various Options – Several options are provided in the calculator like monthly or yearly investments, maturity term, and investment strategies. Such options help customers buy a policy matching their specific requirements.

• Transparency – The ULIP calculator gives a fair idea of the different components of your policy. Such information is necessary to know the policy in-depth beforehand, thereby increasing transparency.

• Understanding financial requirements – The ULIP calculator can help you to understand your financial needs. Once you know the policy maturity, coverage, investment, and other components, you can further plan your financial future.

Information Required

The following information will be required for using the ICICI ULIP Plan Calculator:

• Investment amount

• Period payments: monthly, half-yearly or yearly

• Policy term: 10-30 years for term and up to 99 years for Whole Life

• Payment options: Limited or Regular

• Preferred investment strategy: Aggressive or balanced or conservative

• Life coverage

Benefits of Buying an ICICI ULIP Plan

The benefits of ULIP plans offered by ICICI are:

1. Exposure to Equity and Debt

   It has become quite challenging to beat inflation with decreasing interest rates. However, ULIP plans provide investment allocations in debt or equity, using effective investment strategies that help you get higher returns.

2. Fund managers

   The ULIP plans allow fund managers to manage and invest your money in market-linked schemes (Equity and Debt). It is beneficial because fund managers are finance experts, and they have a better understanding of the financial market. As a result, they will devise strategies that will help multiply your investment, ensuring better returns.

3. Multiple Funds

   ICICI provides nine equity funds, two balanced funds, and three debt funds for you to choose for your portfolio.

4. Systematic Withdrawal Plan

   You can withdraw money on a regular basis for your life goals or emergency or for other expenses you might need. You can make this decision at any point in time and can also change your decision to withdraw. You can withdraw between 1-15%. Also, you can choose either a yearly payout or a monthly payout.

5. A habit of investing

   Investing in a ULIP helps you to develop the habit of regular and systematic investing. In this era, investing is one of the most important decisions of one’s life. It helps you to retire better and live a good lifestyle.

6. Protection of your family

   Even though ULIP is excellent for wealth creation, it also provides life insurance. In case of your untimely death, the money will be transferred to your family so that they don’t have to face any financial problems.

7. Tax Benefits 

   Investment in ULIPs is eligible for income tax deduction from taxable income under Section 80C up to INR 1.5 lakh pa. The maturity proceeds of the ULIP will also be exempt from tax under Section 10(10D). Also, if the ULIP investor dies, the amount received will be exempt from tax u/s 10(10D) of The Income Tax Act 1961.

In Conclusion

In conclusion, the ULIP ICICI Calculator is a helpful tool to calculate and plan your financial goals. Any investor with or without prior financial knowledge can use this tool to plan their finances better. If there are any discrepancies, the investors can directly contact ICICI’s customer service for resolution.