What is Term vs endowment / ULIP?
Term pays only on death; endowment and ULIPs mix insurance with investing.
Short answer
Savings plans returning only 4–6% a year after charges.
Term vs endowment / ULIP when buying a life insurance (india)
Term pays only on death; endowment and ULIPs mix insurance with investing.
Why it matters: Term gives 10–20× more cover for the same premium.
Look for: Savings plans returning only 4–6% a year after charges.
Full Life Insurance (India) buying guide