LIC Endowment Plus Calculator: Project Your ULIP Returns Easily

1. Introduction

The LIC endowment plus calculator empowers you to project fund values and benefits for this unit-linked endowment plan because it blends investment growth with insurance in one package. As a non-participating ULIP, the plan lets you invest in market-linked funds while you enjoy life cover, which suits moderate-risk takers who aim for higher returns. You can forget manual spreadsheets since our tool uses simulated returns for instant insights, and no branch queues are required. Consider a 35-year-old who pays ₹50,000 yearly for 15 years; at 8% growth, the fund value could hit 12-14 lakhs so it funds dreams like home down payments.

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2. About the Plan - Key Details

Plan Overview: LIC's New Endowment Plus (735), UIN 512L301V03, is a single savings plan that can be invested in one or a combination of equity, debt, or balanced funds. Using an LIC endowment plus calculator along with the plan can help young families to grow their corpus while also availing the benefit of protection.

Eligibility Criteria: Entry age is from 90 days to 50 years, based on the nearest birthday, and maturity is up to 60 years. The age is determined by the nearest birthday, which is in line with the base eligibility.

Policy Terms and Premiums: The policy terms are 10, 15, 20, or 25 years and correspond to premium paying periods. The minimum annual premium is ₹30,000, and the sum assured is 10 times the premium for a proper cover.

Investment and Risk Factors: Our LIC endowment plus calculator works on the same logic as a ULIP, i.e., it gets ages from DOB and terms from dropdowns. Although you are responsible for the risks, you can choose the degree of your risk exposure as there are four fund options available. One of the unique selling points of this plan is that it allows partial withdrawals after five years as such features help in liquidity without the need for a complete surrender.

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3. Key Features & Benefits

Death and Maturity Benefits: The death benefits are market-linked, so the executor of the will gets to choose the maximum of sum assured, fund value, or 105% of premiums paid, hence there cannot be a loss. On maturity, the total fund value is handed over to the policyholder, and this value may be further increased by 4 to 8% of assumed returns.

Tax Advantages: The tax exemption on the premiums paid qualifies under 80C, and the gains become exempt from tax after five years, in the case of 10(10D).

Flexibility Options: You are allowed to switch funds as many times as you want after the initial setup, top-ups are allowed from ₹5,000 onwards, and loyalty additions after 10 years strengthen the policy's value. The death cover is 7-10 times the premium, depending on the age, which ensures the safety of the dependents.

Overall Value: LIC endowment plus calculator makes the plan a great tool for wealth creation as the charges are transparent and there are no survival benefits. A pure focus on growth is suitable for savvy savers.

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4. How to Use the Calculator

This ULIP calculator uses a form-based layout, with inputs on the left and projections on the right.

Step 1: Enter Date of Birth

In the top "Date of Birth *" field, select using the calendar picker. Age ranges from 90 days to 50 years via nearer birthday, and error reads: "Age must be between 90 days and 50 years."

Step 2: Enter Annual Premium

In "Annual Premium (₹) *," input a minimum of ₹30,000. This uses number input and is required, which determines your fund units.

Step 3: Select Policy Term

From the "Policy Term (Years) *" dropdown, choose 10, 15, 20, or 25 years. This is required, and the pay term auto-matches.

Step 4: Calculate and View Outputs

Clicking the "Calculate" button will display the results, which comprise age, annual premium, term, fund value at 4% and 8%. For instance, ₹30,000/year for 10 years will result in a fund value of ~₹4.2 lakh at 8%, and the death benefit will be indicated as 10x premium. When there is no input, the message read: "Enter details to calculate." Red error container flags issues like low premium. Clear with reset.