text: how to choose unit linked insurance plan (india)? which are the criteries should be cosider during plan seletion?  will goverment remove tax exemption of such plan in near future? mainly three things should be considered  choose the plan according to your requirement. compare charges (include hidden charges also).  compare past fund performance. and importantly take professional advice; after all it’s your money.   there are planning to remove tax benefits only on maturity on few saving schemes  but nothing is finalized and plan taken before that will give full tax benefits.