← Research Centre | All Calculators | Catalog

Insurance Need & Term vs ULIP

Two questions on one screen: how much life cover you need, and whether Term + MF beats a ULIP over the policy term.

1 How Much Cover Do You Need?

Home + car + personal
MF, FD, equity, EPF, PPF
Lump-sum future cost in today's rupees
% of income family needs if you're gone

2 Term Plan vs ULIP Comparison

What an agent quoted you
Typically 10× premium
Fund Mgmt Charge, capped at 1.35%
Front-loaded charge in Year 1
Mid-period charge
Most ULIPs: 0% from Yr 6
For your full needed cover
NEXTLEVEL EDUCATION PRIVATE LIMITED AMFI Registered Mutual Fund Distributor & SIF Distributor
Mumbai · Kolkata · Madurai

DisclaimerThis tool is for illustrative and educational purposes only. Projections are based on assumed rates of return and ULIP charge structures, which vary by insurer and policy. Actual outcomes depend on mortality charges (age-graded), policy admin charges, surrender/discontinuance penalties, and fund performance — none of which are guaranteed. Insurance and Mutual Fund investments are subject to market risks; please read all scheme-related documents and policy wording carefully before investing. Nothing in this tool constitutes financial, investment, tax, or legal advice. Consult a SEBI-registered advisor and an IRDAI-licensed insurance broker before any commitment.



← Back to All Tools

See Also

Multi-Goal Life Planner→Map every life goal, from kids' education to retirement to a home, into one funding plan that survives the insurance question. Capital Gains Tax Calculator→After your Term-plus-MF wins, see exactly what the tax-man takes when you redeem the MF corpus. The Compounding Commission→Why a 2% drag on a ULIP eats more than half your wealth over 25 years.