Has LTCG tipped the balance in favour of Ulips?

In a toss-up between mutual funds and Ulips, the latter seems to be gaining the edge

The introduction of long-term capital gains (LTCG) tax on equities seems to be harsh for retail investors. But it also seems to have made unit-linked insurance plans a better option than mutual funds. The tax, which will be levied at the rate of 10 per cent if equities are sold after one year, will be imposed without any indexation benefit. The relief: long-term capital gains up to Rs 100,000 will be exempt. Since there is no LTCG tax on Ulips, many mutual fund investors would wonder if the former is a better option after this recent tweak in taxation. Here's