The 10% guaranteed return in income offered to you in reality is little over 5%. Don’t believe me. Just use the calculator below to find out this ugly truth.
Note: Your browser should have the latest version. Else, use this link.
The calculator aims to help you find out the real return you are likely to earn with an investment option where you pay either a lumpsum amount or a regular premium for a few years and then get an income stream at a fixed rate on the total premium paid. You can also add a maturity value / bonus.
If you have been approached by an agent / distributor, you can ask them to share all the information with you. Specially, ask for an illustration with the information.
If you are looking online, you can find all the information via product brochures or pages on the website.
If you still can’t determine, work with your financial advisor.
The question is not about buying or not. It is about setting expectations right. If that investment feature works for you, great!
Do consider though how does the return stand vis-a-vis inflation or the rise in prices.
Disclaimer: This calculator is for information purposes only. All numbers are estimates based on certain assumptions and your inputs. The actual numbers will determine a different answer. Unovest will not be responsible or liable for any loss incurred to the user due to any decision taken or not taken based on this calculator.
