How to use ULIP plan calculator to know returns before investing?

Insurance
1

Hey folks,
I’ve been researching investment options and came across ULIP plans (Unit Linked Insurance Plans). I’m aware they’re a combo of insurance + investment, but I’m kinda confused about how to estimate the returns before committing.

I saw many sites offering ULIP plan calculators, but I’m not sure how to use them correctly. Can someone explain how they work and what values I need to put in? Also, how reliable are these results?

2

Yeah, I’ve used ULIP calculators before putting my money into one, so I can walk you through it. It’s actually pretty simple once you get the hang of it.

Here’s how to use a ULIP plan calculator (whether on ICICI, HDFC, Policybazaar, etc.):

How to Use a ULIP Plan Calculator (Quick Guide)

  1. Enter your basics – Age, how many years you’ll invest, yearly premium, and the life cover you want.
  2. Pick your fund and return – Choose between Equity, Debt, or Balanced funds and set an expected return (usually 8–12%).
  3. Hit Calculate – You’ll get your estimated maturity amount and how much returns you might earn. If available, opt for “after charges” for more realistic results.

If you want a more detailed one, HDFC Life and Kotak Life also offer good ULIP calculators with options for fund allocation, tenure, and charges .