Life Insurance: Term Plans vs. ULIPs - What's Better?
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Oct 20, 2025
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Insurance Expert
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6 min read
Life insurance is meant to replace your income if the unthinkable happens to you.
Pure Protection
Term insurance offers a high cover for a low premium. It is the simplest and most cost-effective protection.
The Pitfalls of ULIPs
Unit Linked Insurance Plans combine insurance and investment but often come with high charges and lower transparency.
Cover Amount
Aim for a life cover that is at least 10-15 times your annual income to provide a safety net for your family.