Aegon Life ULIP Calculator | Get Your Free Quote Now

Lately, Unit Linked Insurance Plan – ULIP have gained a lot of popularity, and have become amongst the most sought-after insurance products. ULIP is based on the idea of facilitating investment as well insurance under a single plan. This renders double protection and multiple benefits to the investor. 

Before making a decision on investing in ULIP, investors often research on ULIP calculations. This article will focus on giving you some insights on Aegon life ULIP calculator. 

Before moving on to learn about ULIP calculator, we will have a look at some of the aspects associated with Aegon Life ULIP. 

Who Should Invest in ULIPs? 

Almost every investor, whether modern or conventional, can consider investing in ULIPs and gaining out of ULIPs linked to debt funds. However, a certain pool of investors who are aiming at the below can look at ULIP investments. 

• Regular savings 
• Long-term investments, and 
• Gaining access to the market-linked returns. 

What Options Do You Have For ULIP Investments? 

Aegon offers a number of options for ULIP investment. Each of the options carries a set of benefits, and investment regulations with itself. It is better to consult an expert, understand the product, assess the benefits, make feasibility checks, etc. and then come to a consensus. 

Some of the ULIPs offered by Aegon are enlisted below. 

ULIP Plan	Features
iMaximize Insurance Plan	Higher sum insured, additional savings and income benefit
Future Protect Plan	Multiplying amount from different investments along with life-coverage
iInvest Insurance Plan	Enables investment in six different funds such as blue-chip equity, opportunity, stable, secure, accelerator and debt funds.
Rising Star Insurance Plan	Good for future security for children. Investment is done in equity markets.
iMaximize Single Insurance Premium Plan	Investment is done only once, while the investor earns profitable returns on the investment for a long time.
Future Protect Plus Plan	Generates a pool of finances by facilitating investment as well as insurance. It also works towards growth of the finances.

ULIP Calculator 

ULIP calculator is necessary in order to know the amount of cover and corpus required. ULIP calculator is helpful in determining the future value of an investment. In order to figure out and understand the investment plan that will best suit your needs, you need to provide details such as the investment amount, the number of years of investment, the percentage of the post-tax yearly rate of return earned on the investments, frequency of investments, etc. 

ULIP Calculator – Get a Free Quote 

In order to get a free quote, you need to go through the below steps. 

Let us consider that you (as an investor) plan to buy Aegon Life Insurance Plan. The system will ask for the below details. 

Click on self for the tab I am investing for. 

• Enter your name in the name tab. 
• Select your gender image. 
• Give your date of birth on the next tab. 
• Select your occupation. 
• Select the monthly investment, for instance, 2000 INR. 
• Select the annual income, for instance, 1 lakh INR. 
• Enter your mobile number and email ID. 

Later on, the next window will open up.

• Select the benefit option, for instance, option 2 – with additional benefits. 
• Select the policy term, for instance, 15 years. 
• Select the premium paying term, for instance, 10 years. 
• Select the investment frequency, for instance, monthly. 
• The investment amount selected will automatically show up. 
• Select the sum assured. 

Further, select the percentage of the allocation of funds in different market types. 

Eventually, the system will give you the total fund value at 8% and 4%. In case of 8%, the total fund value is projected to be around 4 lakh INR, and with 4%, it is projected to approximately 2.68 lakh INR. 

Now, to understand the ULIP calculator and how a particular plan works, let us consider the below example. 

Mr. XYZ is 40-year-old person who works for a manufacturing company and looks forward to ULIP plan in order to secure his family’s future. There are 3 members of his family, including his wife and child. He purchases the Aegon Life Insurance Plan and selects the option 2 for death benefit. His cover amount is INR 12.5 lakhs, and the policy term duration is 25 years. The payment premium term is 25 years that is annually paid by him. His premium amount is INR 1 lakh, and he has chosen the hundred percent secure fund investment strategy. 

After 4 years of purchasing this policy, he dies in an accident. His wife, who was his nominee, is paid a sum of INR 12.5 lakhs. Further, the payment of 1 lakh INR is done from the fifth year. The plan continues even after the death of the investor since the company pays the unpaid premium. 

Now, at maturity on the 25th year, there could be two scenarios based on the maturity pay-out. The scenarios are as follows. 

• In case the maturity payout is 4%, the nominee will receive a sum of around 31 lakhs (+- some thousands of INR) 
• In case the maturity payout is 8%, the nominee will receive a sum of around 56 lakhs (+- some thousands of INR). 

Hope the above article on ULIP Calculator proved helpful for you. Consult an expert for more insights and better decision making. Happy Investing!

The Four Most Common ULIP Sales Pitches - That All Buyers Must Be Aware Of

ULIP plans are trending in the market more and more these days as they are extremely buyer friendly and multifunctional. But there are certain sales pitches from the insurance company’s end that you must know.

Firstly, before getting into any further details about the pitches, we must know what ULIP is exactly. ULIP is an abbreviation for unit-linked insurance plan that is a different kind of plan in the insurance industry.

Usually, insurance plans offered by companies are plans that either are categorized as life insurances or as medical insurances. In both cases, you must be paying a certain amount of money every month as premium and in the end you would get an amount that is your sum insured.

ULIP also has life insurance properties but whilst doing that, it also lets you invest in other processes like stocks and mutual funds etc. In allows you to use the money that you are paying as a n option for investment in various different fields like stock and mutual funds.

Basically, ULIP is a very easy and convenient plan to choose when you're looking for a policy and also want to make some right types of investment.

However, there are so many ULIP options available in the insurance market that often a buyer may be confused as to which one to choose. Also, there are so many sales pitches prepared by these insurance companies to sell the ULIP and a buyer must be aware of all these tactics to make the right decision without being deceived.

Here are 4 sales pitch techniques that insurance companies always use when they want to market a ULIP.

1. The premium pitch.

The sales agents get you by saying that you would have to pay premium for only a period of 3 years or so and not after that. They often don't say the other part of the story which is the fact that the premium you don't pay gets cut from your original sum.

2. The fund manager technique.

Sales executives selling ULIP would give you a guarantee saying your funds would be taken care of by a fund manager, while in reality, all insurance funds are taken care by fund managers.

3. New ULIP sales tactic.

The sales person would make you believe that the newer the ULIP plan he cheaper it would be for you. They overlook all the other factors involved in buying a suitable ULIP.

4. The guarantee of returns.

The sales manager would tell you that with a ULIP you are guaranteed to receive returns but in reality, it involves the same risk as any investment done in the market would.

Here were the few pitches you just know about buying a Suitable ULIP Plans for Yourself.

Why to buy a ULIP?

Though you might be given various sales pitches, investing in a ULIP is still a great idea. It lets you be in control of your funds while still having the security that you need, which is a great deal. ULIP is different from any other form of insurance as it does not just provide you with an insurance, but also gives you the opportunity to make an investment through mediums like stocks and mutual funds. This is a really innovative and efficient manner to buy a insurance policy.

Features and benefits

Here are the few features and benefits of ULIPs

•Mostly, guaranteed returns. Most people buying ULIP have had great returns after the prescribed time.

•More authority over the money invested.

•Multi functional since provides Botha security and investment options.

•short term investment, though not very short, but still relatively shorter than other investment plans.

Eligibility

You must be above the legal age to buy a policy that is 18 years and must have your documents in place that is the only eligibility. Also few more eligibility criterion a may be applicable depending upon the actual company you take the ULIP from.

Documents required

Few document that you would need to buy or invest in a ULIP Are,

•address proof (your ration card or your passport)

•Identity proof (documents like a PAN card or an aadhaar card)

•Age proof (documents like the birth certificate)

Exide Life Insurance - Best ULIP & Investment Plans

An insurance policy has become an indispensable part of our lives. However, if you have more benefits from an insurance policy, then you should go for it. Have you thought of buying the best Exide Life Insurance ULIP policy? It offers double benefits of life cover and also investment growth at the same time. 

ULIP Plans from Exide Life Insurance is a profitable combination of investment and protection cover. These are different ULIP plans from Exide Insurance.

Exide Life Prospering SP

Under this plan, Exide Company offers both investment growth and insurance protection. What are different benefits and features offered by this plan? Have a look: 

• You can get loyalty benefits
• There are six various funds of investments to choose from.
• According to eligibility criteria, the minimum entry age is 0 years, while the maximum age is 75 years.
• Under this plan, you can investor can enjoy unlimited access to different funds and switch between them as you want.
• The premium payment term is a single premium.
• There is, however, no limit on the maximum amount of premium payable.
• You can also enjoy automatic asset rebalancing facility.
• During the policy, partial withdrawal is possible.
• Under this plan, customers can enjoy death benefits, surrender benefits and maturity benefits.

Exide Life Wealth Maxima

Exide Insurance offers Exide Life Wealth Maxima that enables you to build a corpus of wealth and helps you enjoy a high life insurance cover. The plan involves the following benefits and features: 

• You have the option to invest extra money as top-ups
• Under this ULIP Investment Plan from Exide Life Insurance, you get tax benefits, loyalty benefits and maturity benefits.
• Eligibility criteria includes- the minimum entry age is 0 years and the entry age for Maxima child and Maxima family is 18 years.
• The maximum entry age is 55 years for Maxima family, 65 years for Maxima invest and 50 years for the Maxima child.
• The policy term is over a period of 10, 15 and 20 years.
• The premium paying term is equal to policy terms.
• You can pay the premium monthly or annually or half-yearly.
• The minimum premium: monthly is Rs. 4,000; Semi annual is Rs. 24,000 and annual is Rs. 36,000.
• The maximum age of maturity: Maxima Child- 65 years, Maxima Family- 70 years, Maxima Invest- 75 years 

Exide Life Prospering Life Plus 

This is a unit-linked plan offered under Exide Life Insurance Company that comes with flexibilities and multiple investment options. In case of unfortunate events, this policy offers life cover. This plan includes the following benefits and features: 

• The maturity benefits that you get is tax free 
• The plan offers you guaranteed life cover 
• There are 6 various investment funds 
• You may switch between funds anytime you want
• The premium payment mode is both monthly and annually 
• The minimum entry age is 0 to 55 years for Regular Pay and Limited Policies. For any single pay the age bar is between 0 and 65 years. 
• The minimum age of maturity is 18 years for Regular Pay, Single Pay and Limited pay policies. 
• The policy term is 10, 15 and 20 years. 

Exide Life Smart Future Insurance Plan 

Exide Life Insurance provides this plan that offers smart returns on investments along with insurance cover. The main benefits and features of Exide Life Smart Future Insurance Plan are: 

• This plan has three variants- Smart Kid, Smart Family and Smart Invest 
• The minimum and maximum age differ according to plans 
• The two different premium payment options are regular pay and limited pay 
• There are multiple funds that available for investment of your savings 
• The maximum age of maturity is 70 years 
• The policy term is between 15 and 30 years 

The above four Options From Exide Life Insurance help to multiply your investment by many folds. Avail what is best for you and secure the future of your family.