Difference between Health Insurance and ULIP

Every insurance product that you purchase comes with both advantages and disadvantages. Although the process can be a bit confusing, if you sit down and assess both, chances are you will be able to understand which one is more suitable for you. Understanding your needs and what the insurance entails will help you understand your options and philosophies that are based on understanding. Products that are straightforward, simple, and understanding also continue to draw comparisons with a lot more complex and contemporary instruments like ULIPs. So, if you are wondering whether you should purchase a ULIP or a regularhealth insurance plan, make sure to read this post. We have enlisted the differences between both the products that will help you understand better.
What is a term insurance plan?
Just like the name suggests, a term insurance plan is one that provides you with coverage only for a particular period …