Term Insurance vs ULIP — Which is Right for You?
What is Term Insurance?
Term insurance provides pure life cover — if you pass away during the policy term, your nominee receives the sum assured. Premiums are extremely low.
Example: A 30-year-old can get ₹1 crore cover for just ₹8,000–₹12,000 per year.
What is ULIP?
ULIP combines life insurance with market-linked investment. Your premium is split between insurance cover and investment in equity/debt funds.
Key Comparison
Our Recommendation
Buy term insurance first. Then invest separately in mutual funds — better returns, more transparency, lower costs.