Endowment Calculator

Planning for the future often feels overwhelming, especially when balancing savings and long-term financial goals. Whether you are preparing for your child’s education, retirement, or a major life milestone, ensuring financial security is key. An endowment plan is a unique savings-oriented life insurance policy that combines investment growth with protection benefits, making it an ideal solution for achieving such goals. This is where an endowment calculator becomes a powerful tool, helping you estimate maturity returns and make informed decisions about your savings-centric life insurance plans.

What is an endowment calculator?

An endowment calculator is a user-friendly tool designed to help individuals estimate the maturity amount of their endowment plans. Endowment plans combine savings and life insurance benefits, offering assured payouts at the end of the policy term or in case of unforeseen circumstances.
 

This calculator simplifies financial planning by providing precise projections of your savings, bonuses, and maturity returns based on policy details such as premium, tenure, and payment frequency. It is a must-have for anyone looking to optimise their savings and secure their financial future.

Using an endowment calculator is simple and intuitive. Follow these step-by-step instructions to estimate your maturity returns:

1. Access the tool:

Visit the official website of Bajaj Finance Insurance Mall and locate the endowment calculator.

2. Enter policy information:

Input essential details such as:

• Premium amount: Specify the amount you plan to invest periodically.
• Policy tenure: Choose the duration of your endowment plan.
• Payment mode: Select the frequency of payments, such as monthly, quarterly, or annually.

3. Add age and coverage details:

Provide your date of birth and select the type of coverage you require, such as basic life coverage or additional riders.

4. Generate results:

Click on the ‘Calculate’ button to instantly view tailored estimates of your maturity returns, bonuses, and accumulated savings.

5. Compare plans:

Use the online calculator to compare various endowment plans offered by the insurance company on their website. This allows you to identify the most suitable option for your financial goals.

An endowment calculator offers numerous advantages that simplify financial planning and decision-making. Here are some key benefits:

1. Precision in planning

The calculator provides accurate estimates of your maturity amount, enabling you to plan for life goals such as your child’s education, retirement, or purchasing a home.

2. Savings optimisation

By comparing different endowment plans, you can identify the policy tenure and premium amount that maximise your returns.

3. Time-saving

The tool delivers instant results, eliminating the need for manual calculations or lengthy consultations. You can access it conveniently on any device, making it perfect for busy individuals.

4. Transparency

The calculator breaks down the maturity benefits, bonuses, and tax savings clearly, ensuring you understand how your money grows over time.

Explore customised plans that match your savings goals — Compare now and get quote!

To use the endowment calculator effectively, it is important to understand its required inputs and the outputs it generates.

Key inputs of the endowment calculator

• Policy term:

This is the duration you plan to stay invested in the endowment plan. By entering the term (say 15, 20, or 25 years), the calculator can project how your maturity value will shape up over time.

• Premium amount:

You’ll need to input the amount you are comfortable paying monthly, quarterly, or annually. This helps the calculator show what kind of corpus you can build while ensuring life cover remains intact.
 

• Sum assured: 

The guaranteed payout that your family will receive in case of an unfortunate event. Entering this amount helps the calculator balance between insurance protection and savings growth.
 

• Age and gender: 

Your age and gender play a role in calculating premiums since insurers link these to life expectancy. The calculator uses these inputs for more accurate estimates.
 

• Bonus rate (if applicable): 

Some calculators also ask for projected bonus rates declared by insurers, which can significantly enhance your maturity value.

Key outputs of the endowment calculator

• Maturity value:
   

The total payout you will receive at the end of the policy term, including bonuses (if declared).
 

• Death cover:
   

The life cover amount payable to your nominee in case of your absence during the policy term.

• Savings growth estimate:
   

A clear picture of how your regular premiums convert into a long-term savings corpus.

• Tax benefits:
   

Indicative savings you can claim under Section 80C and Section 10(10D), adding another layer of value to your plan.
 

How to plan maturity amounts effectively?
 

Planning your maturity amounts strategically can help you achieve your financial goals and secure your future. Here are expert tips to optimise your savings:

1. Choose longer policy terms

Opting for a longer tenure can significantly increase your maturity corpus, as the savings accumulate over a more extended period.

2. Add riders for enhanced benefits

Consider additional riders, such as accidental death or critical illness coverage, to enhance the benefits of your endowment plan.

3. Review savings annually

Regularly review your savings and adjust premiums to account for inflation and changing financial needs.

4. Diversify your investments

Alongside endowment plans, explore other savings options to create a balanced financial portfolio.

Secure future payouts with smarter planning → Compare options now and get quote!

Conclusion

An endowment calculator is an indispensable tool for anyone looking to plan their savings and secure their financial future. By providing accurate estimates of maturity returns, accumulated bonuses, and tax benefits, it simplifies decision-making and helps optimise your investments.
 

Take control of your financial planning today. Compare plans and calculate savings instantly — Start now – get quote!