You can compute returns, premium distribution, and life insurance coverage under LIC’s ULIP (Unit Linked Insurance Plan) with the aid of the LIC Unit Linked Plan Calculator. This tool provides you with customised projections based on your budget, investment horizon, and financial objectives, regardless of whether you’re in Delhi, Mumbai, Bangalore, or smaller Tier-2 cities like Jaipur or Lucknow.
ULIPs combine investment and insurance; a portion of your premium is invested in debt, equity, or balanced funds, and the remainder is used for life insurance. The calculator displays:
- The estimated value of the fund at maturity
- Life insurance based on the selected amount guaranteed
- Charges and deductions for premium allocation
- Returns anticipated under various fund options (equity, debt, and hybrid)
- Examples of how the cost of living and inflation affect your ULIP objectives by city
LIC Unit Linked Plan Calculator
Why Use a LIC ULIP Calculator?
- Geo-specific planning: A person in Mumbai, where living expenses are high, might require a larger sum assured than someone in Bhopal.
- Transparency: Charges, risk coverage, and fund value breakdown.
- Smart Comparisons: Examine the returns of ULIP funds that are focused on debt versus equity.
- Future Readiness: Make plans for things like retirement, a child’s education, and a house purchase.
Real-World Example
- Case Study: Delhi Investor (Age 30)
- Premium: ₹50,000 annually for 20 years
- Fund Option: Equity Growth Fund
- Expected Return: 10% CAGR
- Maturity Value: ₹31.6 Lakhs (approx.)
- Life Cover: ₹10 Lakhs
- Case Study: Jaipur Investor (Age 35)
- Premium: ₹30,000 annually for 15 years
- Fund Option: Balanced Fund
- Expected Return: 8% CAGR
- Maturity Value: ₹8.5 Lakhs (approx.)
- Life Cover: ₹6 Lakhs
(Calculations are indicative; actual returns depend on market performance and LIC’s fund management.)
Expert Opinions
“ULIPs are ideal for long-term investors who want the dual benefit of protection and market-linked returns. Using a calculator helps investors visualize realistic outcomes and plan better.”
— Ramesh Gupta, Certified Financial Planner
“The biggest advantage of LIC’s ULIPs is trust and fund security. Even with market fluctuations, LIC’s disciplined fund management provides a safe avenue for Indian families.”
— Neha Bhatia, Insurance Analyst, Mumbai
Frequently Asked Questions (FAQs)
A ULIP is a product that provides both insurance protection and investment opportunities. Premiums are partly used for life cover and partly invested in funds.
The calculator provides projections based on historical fund performance and your inputs. Actual maturity values may vary due to market movements.
Yes, LIC ULIPs allow fund switching, so you can move between equity, debt, or balanced funds depending on your risk appetite.
Minimum premium varies from ₹20,000 annually (or ₹1,500 per month), depending on the ULIP plan.
Yes, premiums qualify for tax deduction under Section 80C, and maturity benefits may be tax-free under Section 10(10D) (subject to conditions).
Final Takeaway
You can make well-informed decisions based on your city, financial objectives, and budget by using the LIC Unit Linked Plan Calculator. This tool guarantees that your investment + insurance plan is transparent and prepared for the future, regardless of whether you’re a young professional in Bangalore, a parent in Lucknow, or a retiree in Chandigarh.
Try the calculator now and begin using LIC ULIPs to plan for a safe financial future.