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It depends upon certain factors.

1. Find out the charges of ULIP like policy admin charges, premium allocation charges, FMC, services tax etc. Check the IRR based on your age, premium, S.A., tenure etc.

2.  Ask yourself are you disciplined investor. If no, go for ULIP as you'll pay your premium irrespective of stock market condition.

As far as profit is concerned, the combination of term insurance and mutual funds will give more profits as compared to ULIP.

The following 2 links will give more information about term insurance and mutual funds
http://www.investmentkit.com/articles/2010/10/term-insurance-plans-in-india-its-comparison/
http://www.investmentkit.com/articles/2010/10/best-indian-mutual-funds/

Hope it will help you.
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http://www.InvestmentKit.com
answered by (48.8k points)

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