Kubera Talks — ULIP vs Mutual Fund Comparison Ledger

ULIP / Traditional Policy vs. Mutual Fund — Wealth Ledger

A working tool for client conversations: lay out the numbers side by side, adjust the assumptions live, and arrive at a clear, defensible recommendation together.

Comparison horizon yrs

Tip: in the print dialog, open "More settings" and turn off Headers and footers — that's what removes the filename, URL, date and page number the browser normally adds.

🏛️ ULIP / Traditional Policy

Assume a fresh policy purchase today

Annual premium ₹

Premium years remaining

Expected gross fund return % p.a.

Life cover / sum assured ₹, for reference

+ Charges & advanced assumptions

Charge type	Amount / %	Unit	Years applied	Applies to
Premium allocation charge				Premium
Policy administration charge				Fixed
Mortality charge				Risk
Fund management charge				Fund based
Other charges				Other

₹-unit charges are deducted as a flat amount each applicable year; %-unit charges are deducted as a percentage of that year's premium (for the allocation charge) or fund value (for all others). "Years applied" counts from policy start — set it beyond the comparison horizon if a charge runs for the full term.

Maturity proceeds tax treatment

📈 Mutual Fund Route

Redirect the same money into a diversified MF portfolio

Lumpsum SIP (monthly) Lumpsum + SIP

Lumpsum amount ₹, invested at start

Monthly SIP ₹

Expected CAGR % p.a., pre-cost

Expense ratio % p.a.

+ Step-up, tax & advanced assumptions

Investment stopped after years

Annual SIP step-up %, while still investing

LTCG tax rate % on gains

LTCG exemption on withdrawal ₹ per year

SIP contributions stop after this many years, same idea as the ULIP premium term — the corpus then keeps compounding untouched until the end of the comparison horizon. Defaults to the same term as the ULIP premium; change it if this client's SIP commitment differs.

Separate term cover needed, if surrendering ₹, note only

Corpus growth over time

Note: both lines above show pre-tax growth year by year. LTCG tax on the mutual fund is applied once, at withdrawal — reflected in the post-tax figures in the summary cards, the bar chart, and the final row of the table below.

Year-wise projection

Year	ULIP / Policy corpus	MF corpus (pre-tax)	MF corpus (post-tax)	Gap (MF − ULIP)

Observations & Notes

PFP
VERDICT

PFP Recommendation

Reviewed and recommended by Sravan Kumar Sarikonda, QPFP — Kubera Talks. Client should sign off after this discussion.