Did you know most ULIPs have hidden charges? Our calculator shows you the potential of ULIPs without them. We've handpicked plans that only have Mortality and Fund Management Charges to help you maximize your returns. See the list of recommended ULIPs here or Contact Us to learn more.
FAQs
Mortality Charges are usually differ with age & gender and also differ from Insurer to insurer, can change from time to time.
Below are charges for reference purpose, for actual Mortality charge you can refer the policy document or reach out to insurer
| Age of Life Assured | Charges for Male | Charges for Female |
| 25 | 1.3 | 1.31 |
| 30 | 1.49 | 1.385 |
| 35 | 1.68 | 1.46 |
| 40 | 2.645 | 2.11 |
| 45 | 3.61 | 2.76 |
| 50 | 7.065 | 5.265 |
| 55 | 10.52 | 7.77 |
| 60 | 16.41 | 12.865 |
| 65 | 22.3 | 17.96 |
ULIPs will have lot of hidden charges apart from Mortality Charges and Fund Management charges. On an Average ULIPs charge 4% of Premiums as charges.
Please go through your policy document for the charges, our reach out to us at Know my ULIP.
At Honvest, we suggest only those ULIPs having Mortality Charges & FMC only, so that you can maximise your returns. Please check the ULIPs here
IRDAI (Insurance Regulator in India) has set a limit of 1.35% for Equity Funds. Currently most of the ULIPs are charging 1.35% expect a few.
To know those charging lesser than 1.35%, please WhatsApp Us
Returns are purely market dependent, please don't fall for any false promises made by bank representatives or insurance agents. ULIP investments are subject to market risks.
Example : Nifty 50 has given 16.9% (5yr CAGR) & 11.2% (10yr CAGR)
Expense Ratio is the charge of managing the fund, charge by AMC to the investor by adjusting daily from the NAV.
SEBI (Regulator of Capital Markets in India) has set limit of 2.25% this includes the regular and direct mutual funds. While actual expense ratio differ from fund to fund. The Average would be around 1%.
We offer a 30-day return policy for all products. Items must be in their original condition, unused, and include the receipt or proof of purchase. Refunds are processed within 5-7 business days of receiving the returned item.
ULIP vs Mutual Fund SIP Calculator