Compare Term, Endowment, ULIP & Whole Life
✓ Term Insurance - Lowest premium, pure protection
✓ Endowment - Guaranteed returns + protection
✓ ULIP - Market-linked investment + insurance
✓ Whole Life - Lifetime coverage
Annual Premium
₹40,000
Monthly: ₹3,333
Coverage
₹1.00 Cr
Policy Term
20 years
Total Paid
₹8.00 L
Type
Term
📊 Premium Comparison (All Types)
| Type | Annual | Monthly | Total (20yr) |
|---|---|---|---|
| Term Insurance | ₹40,000 | ₹3,333 | ₹8.00 L |
| Endowment Plan | ₹4.20 L | ₹35,000 | ₹84.00 L |
| ULIP | ₹2.50 L | ₹20,833 | ₹50.00 L |
| Whole Life | ₹78,000 | ₹6,500 | ₹15.60 L |
💎 Key Features of Term Insurance
💡 Premium Calculation:
A Life Insurance Calculator helps you compare different types of life insurance plans - Term, Endowment, ULIP, and Whole Life - to find the best fit for your needs. It calculates premiums, maturity benefits, and returns based on your age, coverage, and policy term.
Our unique calculator compares all four major types side-by-side, showing you exact premium differences, maturity values for investment plans (Endowment & ULIP), death benefits, and total costs over the policy term - helping you make an informed decision based on comprehensive data.
Best For:
Maximum coverage at lowest cost
✓Lowest premium (₹400-600/lakh/year)
✓High coverage (₹1-5 Crore easily affordable)
✓Pure protection - no returns on survival
✗No maturity benefit if you survive
💰 Example: ₹1Cr coverage for 30-year-old = ₹48,000/year
Best For:
Guaranteed savings + protection
✓Guaranteed returns (~5% annually)
✓Maturity benefit + Death benefit
✓Tax benefits on premium & maturity
✗Much higher premium than term
💰 Example: ₹50L coverage = ₹1,75,000/year for 20 years
Best For:
Market-linked growth + insurance
✓Higher returns potential (8-12%)
✓Investment + Insurance in one
✓Flexibility to switch funds
✗Market risk - returns not guaranteed
💰 Example: ₹50L coverage = ₹1,25,000/year, ~₹45L maturity @ 10%
Best For:
Lifelong coverage (till 100 years)
✓Guaranteed payout to family
✓Builds cash value over time
✓Estate planning & wealth transfer
✗Higher premium than term
💰 Example: ₹1Cr coverage = ₹62,400/year for 30-year-old
| Plan Type | Annual Premium | Total Paid (20yr) | Maturity Benefit | Best For |
|---|---|---|---|---|
| Term Insurance | ₹24,000 | ₹4.8L | Nil | Maximum coverage |
| Endowment | ₹1,75,000 | ₹35L | ₹45-50L | Guaranteed returns |
| ULIP | ₹1,25,000 | ₹25L | ₹40-50L* | Market growth |
| Whole Life | ₹31,200 | ₹6.24L | ₹50L (on death) | Lifelong cover |
💡 Note: *ULIP returns are market-linked and not guaranteed. Returns shown at 10% growth rate. Actual may vary.
It depends on your goal:
Choose Term Insurance if:
You want maximum coverage at lowest cost. Best for family protection (recommended for everyone).
Choose Endowment if:
You want guaranteed returns + insurance. Good for conservative investors who don't want market risk.
Choose ULIP if:
You want higher growth potential + insurance. Good if you're okay with market risk for better returns.
Choose Whole Life if:
You want lifelong coverage. Good for estate planning and wealth transfer to next generation.
✅ Expert Recommendation: Buy Term Insurance first for maximum coverage, then add Endowment/ULIP for savings if budget allows.
💡 Example: ₹50L coverage for 30-year-old - Term: ₹24K/year, Endowment: ₹1.75L/year (7x more expensive!)
ULIP vs Endowment - Key differences:
| Feature | ULIP | Endowment |
|---|---|---|
| Returns | 8-12% (market-linked) | 4-6% (guaranteed) |
| Risk | Market risk - can go up/down | No risk - fixed returns |
| Premium | Lower than Endowment | Higher |
| Flexibility | Can switch funds | No flexibility |
| Best For | Risk-takers, long-term | Conservative investors |
💡 Verdict: ULIP can give better returns in long term (15-20 years) but has market risk. Endowment is safer with lower guaranteed returns.
Premium for ₹1 Crore coverage (30-year-old, 20 years):
💡 Note: These are approximate premiums for a healthy, non-smoking male. Female premiums are ~10% lower. Smokers pay 50% more.
Better strategy: Term + ULIP (Separate insurance & investment)
Example:
• Term: ₹1Cr coverage @ ₹48K/year
• ULIP: ₹25L coverage @ ₹1.5L/year
Total Premium: ₹1.98L/year
Total Coverage: ₹1.25Cr
Maturity: ₹40-50L (ULIP)
✓ High coverage + Good returns
Example:
• Endowment: ₹50L @ ₹1.75L/year
Total Premium: ₹1.75L/year
Total Coverage: ₹50L only
Maturity: ₹50-55L
✗ Low coverage, same cost
💚 Winner: Term + ULIP gives 2.5x more coverage with similar maturity benefit. Always separate insurance from investment for better results!
Our Life Insurance Calculator is the most comprehensive comparison tool in India that lets you evaluate and compare all four major types of life insurance - Term Insurance, Endowment Plans, ULIP (Unit Linked Insurance Plans), and Whole Life Insurance - in one place with instant premium calculations and side-by-side comparisons.
The calculator features detailed analysis for each type: Term Insurance (pure protection with lowest premium at ₹400-600 per lakh per year, ideal for maximum family coverage with no maturity benefit), Endowment Plans (protection plus guaranteed savings with returns of 4-6% annually, maturity benefit plus death benefit, higher premium of ₹3,500 per lakh), ULIP (market-linked investment plus insurance with potential returns of 8-12%, flexibility to switch between equity and debt funds, moderate premium of ₹2,500 per lakh), and Whole Life Insurance (lifelong coverage till age 100, guaranteed payout to beneficiaries, builds cash value, premium of ₹600 per lakh).
Perfect for all life stages whether you're young professional in 20s-30s planning protection, married with family needing comprehensive coverage, mid-career professional comparing investment options, or approaching retirement planning estate transfer. The calculator includes premium estimation based on age (younger buyers save 40-50% on premiums), gender (females get 10% lower rates), smoking status (smokers pay 50% more), coverage amount (₹50L to ₹5Cr), policy term selection (10-30 years), maturity value calculation for Endowment and ULIP, return projections for investment plans, and complete side-by-side comparison of all four types.
Use this tool for deciding which insurance type suits your needs, comparing premiums across all plans, understanding maturity benefits for savings plans, calculating exact costs for different coverage amounts, evaluating ULIP returns at different risk profiles, or planning optimal insurance strategy (Term + ULIP vs pure Endowment). 100% free, no registration required, mobile-responsive design, completely private calculations in browser, and updated for 2025 with latest premium rates and tax benefits. Based on actual market rates from leading Indian insurers.