Protection

Life & Risk Protection

Pure Term Plans · Critical Illness Cover · Comprehensive Family Mediclaim

Wealth

Wealth & Guaranteed Solutions

Child Education Planning · Grand Wedding Corpus · Guaranteed Return/Endowment Plans · Mutual Fund Solutions

Retirement

Retirement & Estate Design

Lifetime Pension/Annuity Structuring · Legacy Transfer

Business

Business & Corporate Risk

Keyman Insurance · Business & Partnership Liability · Group Health Cover

General

General Insurance

Two-Wheeler · Private Car · Commercial Asset Insurance

Term, Endowment, or ULIP — which one, and why.

Every rupee of premium can only do one of two jobs: protect, or grow. These three products split that trade-off differently.

Term Plan Endowment Plan ULIP
Primary purpose Pure life cover Life cover + guaranteed savings Life cover + market-linked investment
Premium for the same cover Lowest Higher Higher
Maturity benefit None — pure protection Guaranteed sum assured + bonus Market-linked fund value
Returns Not applicable Modest, guaranteed Variable — market-linked, can be higher or lower
Liquidity None until a claim Limited, after a lock-in Partial withdrawal after the 5-year lock-in
Charges Minimal Built into the premium Fund management, mortality & admin charges
Best for Maximum cover at the lowest cost Disciplined, guaranteed saving alongside cover Market-linked growth, comfortable with risk

Illustrative comparison of how these product types typically work — exact terms, charges, and returns vary by insurer and plan. Talk to us for specifics on any product mentioned here.

Not sure if your existing policies still fit your life?

Get a free Portfolio Review & Audit — we check coverage gaps, lapsed benefits, and better-fit alternatives, at no cost.

Request a Portfolio Review →

Ready to talk through your options?

Get in touch →