New Delhi, June 16 -- A recurring mistake in financial planning is the search for a single solution that can address everything. Investors want one product that can build wealth, provide protection, optimise tax efficiency, and remain flexible across life stages. In reality, no financial tool is designed to perform all of these roles effectively over long periods. Each product works within a defined objective, and when that boundary is stretched, gaps begin to appear.

This is often visible when individuals rely heavily on term insurance plans or only focus on returns through ULIP plans without understanding how the two complement each other. One protects financial continuity, while the other builds future wealth, and combining both into ...