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.

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:8,243 Cr

8,243 Cr

NAV

120.7

-0.87%

Returns

27.73%

Returns

31.47%

Highest Returns

Returns

19.3%

Get Details

Virtue II

PNB Metlife

AUM:3,314 Cr

3,314 Cr

NAV

75.97

-0.30%

Returns

18.68%

Returns

25.83%

Highest Returns

Returns

16.48%

Get Details

Accelerator Mid-Cap Fund II

Bajaj Allianz

AUM:6,109 Cr

6,109 Cr

NAV

86.97

-0.35%

Returns

20.48%

Returns

22.28%

Highest Returns

Returns

15.61%

Get Details

Opportunities Fund

HDFC Standard

AUM:38,633 Cr

38,633 Cr

NAV

78.45

-0.37%

Returns

18.47%

Returns

22.64%

Highest Returns

Returns

15.48%

Get Details

Pure Equity

Birla Sun Life

AUM:2,845 Cr

2,845 Cr

NAV

77.4

-0.20%

Returns

17.56%

Returns

21.84%

Highest Returns

Returns

15.07%

Get Details

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Whole Life Aggressive Growth Fund

Canara HSBC Oriental Bank

AUM:843 Cr

843 Cr

NAV

94.39

-0.70%

Returns

18.46%

Returns

19.93%

Highest Returns

Returns

14.91%

Get Details

Whole Life Stable Growth Fund

Canara HSBC Oriental Bank

AUM:268 Cr

268 Cr

NAV

62.47

-0.30%

Returns

13.78%

Returns

15.46%

Highest Returns

Returns

12.08%

Get Details

Balanced Fund

Canara HSBC Oriental Bank

AUM:365 Cr

365 Cr

NAV

48.01

-0.28%

Returns

12.75%

Returns

13.61%

Highest Returns

Returns

11.02%

Get Details

Balanced Pension

Canara HSBC Oriental Bank

AUM:559 Cr

559 Cr

NAV

71.06

-0.30%

Returns

10.22%

Returns

12.32%

Highest Returns

Returns

10.7%

Get Details

Asset Allocation Fund II

Canara HSBC Oriental Bank

AUM:323 Cr

323 Cr

NAV

31.58

-0.24%

Returns

11.26%

Returns

12.8%

Highest Returns

Returns

10.63%

Get Details

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Builder

Canara HSBC Oriental Bank

AUM:237 Cr

237 Cr

NAV

90.36

-0.35%

Returns

7.45%

Returns

8.21%

Returns

8.45%

Highest Returns

Get Details

Whole Life Income Fund

Canara HSBC Oriental Bank

AUM:811 Cr

811 Cr

NAV

38.64

-0.01%

Returns

6.16%

Returns

6.99%

Returns

7.84%

Highest Returns

Get Details

Debt Fund

Canara HSBC Oriental Bank

AUM:478 Cr

478 Cr

NAV

36.64

-0.02%

Returns

5.89%

Returns

7.02%

Returns

7.63%

Highest Returns

Get Details

Conservative Fund

Canara HSBC Oriental Bank

AUM:231 Cr

231 Cr

NAV

56.2

-0.10%

Returns

7.46%

Returns

8.1%

Highest Returns

Returns

7.56%

Get Details

Protector

Canara HSBC Oriental Bank

AUM:299 Cr

299 Cr

NAV

64.86

-0.16%

Returns

6.49%

Returns

7.03%

Returns

7.54%

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 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.