Topic: Need to re-think about ULIP vs Term plan

Hello All,
My target : 25 Lac + 10Lac accidental cover for 25 to 30 yrs term at low premium.

I found following ULIP plans, which are combo of Endowment + Term.

1) Kotal Life secure plus : I need to pay Rs25000 for 7 years & I can achieve my goal. (Rs175000 total)
2) Birla Sunlife : I need to pay Rs9000 for 7 years & I can achieve my goal. (Rs63000 total)

If refer Term plan

1) Lic Amulya jeevan : I need to pay Rs8600 for 35 years to achieve my goal.
2) Lic Anmol Jeevan : I need to pay Rs8400 for 25 years to achieve my goal.

One quick question, If I stop my premium in ULIP, Is my Life-cover be continued ? & if answer to this question is YES then we have to re-think about ULIP vs Term plan for insurance purpose.

Please advice.

Regards
Suyog

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