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BMI Calculator Online

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BMI Calculator Online

BMI or Body Mass Index is a way to measure body size by combining your weight and height. It helps show how much fat is in your body and can tell you if your weight is healthy for your height. BMI can place you in one of these categories: underweight, healthy weight, overweight, or obese. If your BMI is outside the healthy range, you may have increased health risks.

for more: https://www.pnbmetlife.com/calculators/bmi-calculator.html

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Understanding Term Insurance and ULIP: Which One Should You Choose?

When it comes to financial planning and protecting your loved ones, choosing the right insurance plan is essential. Two of the most popular insurance products in India are term insurance and ULIP (Unit Linked Insurance Plan). While both offer life cover, they serve different purposes and cater to different financial goals. Here's a detailed comparison to help you make an informed decision.

What is Term Insurance?

Term insurance is a straightforward life insurance policy that offers pure risk coverage. In simple terms, it provides financial protection to your family in case of your untimely demise during the policy term. The biggest advantage of term insurance is its high sum assured at very affordable premiums. For example, for a premium as low as ₹500–₹1,000 per month, you can get coverage of ₹50 lakh to ₹1 crore or more, depending on your age and health.

Key features of term insurance:

Offers a large life cover at low cost

No maturity benefits if the policyholder survives the term

Ideal for income protection and family security

Riders like critical illness, accidental death, and waiver of premium can be added

Term insurance is highly recommended for individuals with financial dependents — especially those with young children, non-working spouses, or aging parents.

What is ULIP?

A ULIP or Unit Linked Insurance Plan is a hybrid financial product that combines insurance with investment. A part of your premium goes toward providing life cover, while the rest is invested in market-linked instruments like equity, debt, or balanced funds. ULIPs are best suited for individuals who want both protection and long-term wealth creation.

Key features of ULIP:

Dual benefit of insurance and investment

Flexibility to switch between equity and debt funds

Lock-in period of 5 years

Ideal for long-term goals like children’s education, marriage, or retirement

ULIPs also offer tax benefits under Section 80C for premiums paid and under Section 10(10D) for maturity proceeds (subject to certain conditions).

Term Insurance vs ULIP: Which One to Choose?

Your choice between term insurance and ULIP should depend on your financial goals and risk appetite.

If your primary objective is financial protection for your family at a low cost, term insurance is the clear winner.

If you’re looking to build wealth along with life cover and are comfortable with market-linked risks, ULIPs can be a smart choice.

In fact, many financial experts recommend buying a pure term insurance plan first and investing separately in mutual funds or other instruments to meet investment goals.

Conclusion

Both term insurance and ULIP have their unique advantages. Term plans offer peace of mind and security, while ULIPs offer potential for long-term capital growth. Understanding your life stage, financial commitments, and investment goals can help you choose the right plan. For comprehensive financial planning, it's advisable to consult a certified financial advisor who can tailor the right mix of protection and investment for you.

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BMI Calculator – Know Your Body Mass Index

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BMI Calculator – Know Your Body Mass Index Instantly.

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Affordable Insurance Plans | Compare Quotes & Save Today

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Tax Index for Individuals & Businesses – Updated for 2025

for more: https://www.pnbmetlife.com/calculators/income-tax-calculator.html

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Compare Tax Rates by State – 2025 Tax Index Overview

for more : https://www.pnbmetlife.com/calculators/income-tax-calculator.html

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Tax Index 2025 – Complete Guide to Federal & State Tax Rates

for more: https://www.pnbmetlife.com/calculators/income-tax-calculator.html