Written by
Abhishek Chakravarti
BFSI Writer
Abhishek is a financial writer with over 6 years of experience in the BFSI sector. Prior to his current stint with Axis Max Life Insurance, he has worked with leading fintech startups. He specializes in writing about taxation and various investment products like ULIPs, retirement plans, guaranteed investment plans, mutual funds etc.
Reviewed by
Sahil Rawal
BFSI Expert
Sahil Rawal is a digital & brand management specialist with over 10 years of experience in Financial Services Industry. Life insurance professional with expertise in digital marketing strategy, website content marketing and brand communication designed to increase brand awareness, drive engagement & sales.
A ULIP calculator is an online tool that provides you with the ease of calculating your returns on market-linked investments, thus helping you to plan your long-term financial goals while staying protected against life hazards.
Since ULIPs offer the dual benefit of insurance and investment, part of the premium you pay for the policy goes towards life coverage to you, and the rest of the premium is invested in the fund of your choice, thus helping you build a corpus. A ULIP plan calculator can be a helpful tool in case you are unsure of how much you should invest in a ULIP today to get the desired amount at maturity.
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A ULIP calculator is typically a user-friendly online tool that helps you calculate the maturity amount in a few steps. For this, you need to provide/select only a few details such as the premium amount, premium payment term, and investment tenure.
Generally, a ULIP plan calculator also features an option that allows you to divide your premium amount into multiple investment options such as risk-free and market-linked investments, thus helping you diversify your investment portfolio.
With Axis Max Life Savings Plans
Axis Max Life ULIP Calculator is a user-friendly online platform that helps you plan your long-term investments, based on nominal information provided at the first step. The following are some simple steps to proceed to start your investment journey:
A ULIP calculator is typically aimed at helping you build a corpus and avail corresponding tax benefit, thereby securing your family financially.
The following are some key features of a ULIP Calculator:
The following are some key benefits of a ULIP calculator:
The following table represents popular Axis Max Life Funds and their corresponding returns for 5 years and since inception.
| Fund Name | 5 Years* | Since Inception* | ||
| Fund Return | Benchmark Return | Fund Return | Benchmark Return | |
|
High Growth Fund (SFIN: ULIF01311/02/08LIFEHIGHGR104) | 14.17% | 9.87% | 12.21% | 7.21% |
|
Growth Super Fund (SFIN: ULIF01108/02/07LIFEGRWSUP104) | 11.50% | 11.40% | 11.26% | 9.25% |
|
Growth Fund (SFIN: ULIF00125/06/04LIFEGROWTH104) | 8.50% | 9.85% | 11.89% | 11.35% |
|
Balanced Fund (SFIN: ULIF00225/06/04LIFEBALANC104) | 7.70% | 8.92% | 10.01% | 9.59% |
|
Secured Fund (SFIN: ULIF00425/06/04LIFESECURE104) | 6.29% | 7.32% | 7.57% | 7.44% |
|
Dynamic Bond Fund (SFIN: ULIF02401/01/20LIFEDYNBOF104) | NA | NA | 4.56% | 4.61% |
|
Money Market II Fund (SFIN: ULIF02301/01/20LIFEMONMK2104) | NA | NA | 3.09% | 4.48% |
|
Diversified Equity Fund (SFIN: ULIF02201/01/20LIFEDIVEQF104) | NA | NA | 21.57% | 21.03% |
*Returns more than 1 year are Compounded Annual Growth Rate
Fund Returns and NAV are as per Axis Max Life Insurance Fund Fact sheet of Apr 2023
For more details, refer to Axis Max Life Insurance Fund Fact Sheet.
ARN NO: PCP/UPC/020823
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