Term Insurance vs ULIPs: Why Pure Protection Needs Term Plans

• Term insurance offers high cover at affordable premiums, focusing solely on family protection.
• ULIPs combine life cover with market-linked investments, providing lower cover for the same premium.
• Term plans guarantee financial support with a fixed sum assured, unaffected by market fluctuations.
• Flexible payout options like lump-sum or monthly income are available with term insurance.
• Prioritize a strong protection base with term insurance before adding investments like ULIPs.