Kotak ULIP Plan Calculator

Under these plans, a portion of your premium is invested in money market instruments and the other part goes towards life coverage. 

Why Should You Use Kotak ULIP Plan Calculator?

Investors and policy buyers can majorly benefit from this calculator before they decide their investment. This calculator provides all the information that you need for planning your investment.

The following points further define how you can benefit from the Kotak ULIP Plan Calculator:

• For everyone: This calculator is available for everyone. You do not have to be a policyholder to use it. You can simply visit their official website and use the calculator.

• Free to use: This calculator is free for everyone. You don't have to pay anything to use it.

• Easy to use: The Kotak ULIP Plan Calculator is elementary. You just put a few details like premium amount, premium payment frequency, policy term, premium payment term, etc., and the calculator will do its job for you.

• Financial planning: Before you decide to invest in a ULIP plan, you must plan it out. Because every investor is different, has different needs and requirements. You must know each detail of the policy to make the right investment decisions.

How to Use the Kotak ULIP Plan Calculator?

The following points explain the steps required to use the calculator:

• Step 1: Visit the official website to access the calculator.

• Step 2: Go to insurance plans and then Tools and Calculators. Click on it to proceed. 

• Step 3: Select ULIP plans under the product category.

• Step 4: Choose the ULIP product that you would like to analyze further.

• Step 5: Enter Personal Details.

• Step 6: Enter cover and term details.

• Step 7: Enter fund allocation details.
  Under fund allocation details, you have to enter your investment strategy. Two options are available: Self Managed Strategy and Age-Based Strategy. 

  • If you choose a "self-managed strategy", you have to allocate your investments into different already-mentioned funds, such as debt, equity, and balanced funds.

  • If you choose "age-based strategy", three more options will be provided: aggressive, moderate, or conservative.

  • The aggressive strategy allocates 20% in "Dynamic Bond Fund" and 80% in "Classic Opportunities Fund".

  • The moderate strategy allocates 30% in "Dynamic Bond Fund" and 70% in "Classic Opportunities Fund".

  • The conservative strategy allocates 40% in "Dynamic Bond Fund" and 60% in "Classic Opportunities Fund".

• Step 8: Now enter rider details. Add riders as per your convenience.

• Step 9: Add or skip additional details. Click on calculate

The results will be displayed on your screen. You can also download them in pdf format to view the details later.

Check out our other calculators: SIP Calculator

Kotak ULIP Plan Calculator Example

Here is an example to explain the use of the calculator:

• Visit the official website and access the calculator.

• Go to ULIP calculator and select Kotal Platinum

• Enter personal details such as name, DOB, and gender

• Cover and term details

  • Premium: ₹10,000

  • Policy term: 20 Years

  • Premium payment term: 20 Years

  • Premium payment frequency: Monthly

  • Sum assured: ₹30,00,000

• Fund allocation

  • Select Self Managed Strategy

  • Enter 100 in the classic opportunities fund. It means that 100% of your investment will be in the classic opportunities fund.

• Add riders, if you want additional protection

  • Accidental death benefit:

    • Sum assured: ₹50,000

    • Term: 20 Years

  • Permanent disability benefit:

    • Sum assured: ₹50,000

    • Term: 20 Years

• You can add or skip top-up premium details.

• The calculation is done. Let's click on generate PDF to know the details of these plans. Such as returns, rate of return, and maturity amount.

List of ULIP Funds ^~

Returns 3 Years 5 Years 10 Years

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

High Growth Fund

Max Life

AUM:8,769 Cr

8,769 Cr

NAV

109.22

0.35%

Returns

24.37%

Returns

27.23%

Highest Returns

Returns

18.11%

Get Details

Top 200 Fund

Tata AIA

AUM:2,072 Cr

2,072 Cr

NAV

165.49

0.24%

Returns

21.04%

Returns

32.06%

Highest Returns

Returns

17.8%

Get Details

Accelerator Mid-Cap Fund II

Bajaj Allianz

AUM:5,366 Cr

5,366 Cr

NAV

77.99

0.38%

Returns

16.65%

Returns

25.49%

Highest Returns

Returns

13.97%

Get Details

Opportunities Fund

HDFC Standard

AUM:34,818 Cr

34,818 Cr

NAV

72.96

0.14%

Returns

16.74%

Returns

26.82%

Highest Returns

Returns

14.53%

Get Details

Equity II Fund

Canara HSBC Oriental Bank

AUM:3,410 Cr

3,410 Cr

NAV

40.4

0.13%

Returns

10.32%

Returns

21.15%

Highest Returns

Returns

9.16%

Get Details

Accelerator Fund

AEGON Life

AUM:220 Cr

220 Cr

NAV

46.82

0.00%

Returns

16.6%

Returns

23.38%

Highest Returns

Returns

12.86%

Get Details

Growth Opportunities Plus Fund

Bharti AXA

AUM:932 Cr

932 Cr

NAV

71.29

0.18%

Returns

15.38%

Returns

24.25%

Highest Returns

Returns

14.32%

Get Details

Multiplier

Birla Sun Life

AUM:4,095 Cr

4,095 Cr

NAV

89.96

0.15%

Returns

17.17%

Returns

28.17%

Highest Returns

Returns

15.24%

Get Details

Equity Top 250 Fund

Edelwiess Tokio

AUM:527 Cr

527 Cr

NAV

56.32

0.13%

Returns

13.1%

Returns

21.45%

Highest Returns

Returns

11.57%

Get Details

Future Apex Fund

Future Generali India

AUM:87 Cr

87 Cr

NAV

54.19

0.09%

Returns

14.55%

Returns

26.18%

Highest Returns

Returns

12.76%

Get Details

Opportunities Fund

ICICI Prudential

AUM:3,159 Cr

3,159 Cr

NAV

56.88

0.16%

Returns

15.67%

Returns

24.39%

Highest Returns

Returns

12.02%

Get Details

Frontline Equity Fund

Kotak Mahindra OM

AUM:4,047 Cr

4,047 Cr

NAV

66.88

0.41%

Returns

16.67%

Returns

25.56%

Highest Returns

Returns

14.09%

Get Details

Flexi Growth Fund

LIC

AUM:541 Cr

541 Cr

NAV

11.38

0.01%

Returns

-

Returns

-

Returns

-

Get Details

Virtue II

PNB Metlife

AUM:3,132 Cr

3,132 Cr

NAV

67.42

0.04%

Returns

13.84%

Returns

23.2%

Highest Returns

Returns

15.2%

Get Details

Pension Dynamic Equity Fund

Pramerica Life Insurance Limited

AUM:6 Cr

6 Cr

NAV

70.8

0.28%

Returns

12.55%

Returns

20.74%

Highest Returns

Returns

10.49%

Get Details

Equity Optimiser Pension

SBI

AUM:733 Cr

733 Cr

NAV

56.66

0.11%

Returns

13.08%

Returns

19.74%

Highest Returns

Returns

12.03%

Get Details

Blue-Chip Equity Fund

Star Union Dai-ichi

AUM:1,267 Cr

1,267 Cr

NAV

34.27

0.12%

Returns

11.18%

Returns

18.68%

Highest Returns

Returns

10.05%

Get Details

see more plans

Disclaimer :
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. 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. 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 Kotak ULIP Plan Calculator

The crucial advantages of using this calculator are:

• Planning your finances: This simple tool can help you to understand your finances and plan accordingly. With the help of this tool, you can figure out the investment amount, premium, and duration along with other details.

• Flexibility: This tool lets you choose everything without restrictions like sum assured, premium payment, duration, and fund allocation. It enables you to try different combinations to understand which plan will suit you better.

• Financial goal: This tool can help you identify your financial goal by giving you a fair idea about how much you would need to invest to ensure protection for you and your family.

Information Required

The different pieces of information required while using the Kotak ULIP Plan Calculator are:

• Personal details like name, DOB, Gender, Email ID, and mobile number

• Coverage terms and details: premium amount, policy term, premium payment term, premium payment frequency, and sum assured.

• Fund allocation: You have to choose the funds in which you would like to invest. 

• Rider details: You have to decide how much sum to assure for the accidental death benefit and permanent disability benefit. 

• Top-up premium details: You have to choose the amount you would like for top-up and select the top-up year. 

Benefits of Buying a Kotak ULIP Plan

Here are the benefits of buying a Kotak ULIP Plan:

• Develops saving and investing habits: Investing in a ULIP plan helps you build the habit of saving and investing your hard-earned money.

• Exposure to the equity and debt market: A ULIP plan provides the advantage of exposure in the debt and equity market. Nowadays, inflation is soaring, interest rates are going down, and it has become significantly challenging to beat inflation. So, you must have some investments in equity or debt instruments.

• Tax saving: A ULIP plan allows you to avail a deduction of ₹1.5 lakhs p.a. from your taxable income under Section 80C of the Income Tax Act 1961.

• Protection against financial trouble: A ULIP plan has both investing and insurance. The insurance assures that the assured sum will be transferred to your family in case of your death, so they don't have to face any financial troubles.

• Wealth creation: It also provides the opportunity to generate wealth, which will help you to plan your retirement better.

In Conclusion

The Kotak ULIP Plan Calculator is a free tool that helps you calculate and know a ULIP plan's various aspects. Anyone can use it, and you do not need any advanced finance knowledge to utilize the calculator. In addition, investing in a ULIP plan helps build a corpus for a better financial future.