| Speciality |
Post insurance |
Complete life insurance |
ULIP |
| Coverage type |
Net death advantage |
Death benefits + savings elements |
Death benefits + investment component |
| Outward value |
All time low |
Medium to high |
High (due to investment component) |
| Maturity profit |
None (until death occurs during death policy period) |
Guaranteed payment on maturity |
Maturity advantage depends on market performance |
| Premium flexibility |
Limited flexibility in most schemes |
Limited flexibility |
High flexibility for premium payment |
| Surrender value |
nobody |
Cash price is made over time (surrender fee may apply) |
Cash price construction (surrender fee may apply) |
| Investment return |
nobody |
Minimum return guarantee |
Market -related returns |
| tax benefits |
Cutable premium under Section 80C, maturity profit tax-free |
Cutable premium under Section 80C, maturity may be profitable taxable |
Cutable premium under Section 80C, maturity is generally tax-free benefits with conditions |
| Transparency |
Highly transparent |
Less transparent due to cash price component |
At least transparent due to investment and complex charges related to market |
(T) Tax Benefits Life Insurance (T) Insurance Calculator Bharat (T) Financial Scheme Bharat (T) secure your family
