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'Update as Insert' and 'Update Else Insert'

Here the naming convention clearly gives the details about the row type conversion(Insert/Update) of records which will load into target. We can see the options in session properties under Mapping tab.
'Update as Insert' - Integration Service treats the records which are coming as update row type also as Inserts.
'Update Else Insert' - Integration service updates the record if exists in target, else Insert into target.

And in simpler form we can say:

Insert --> Flags the rows as inserts
Update as Update --> Flags the rows as update
Update as Insert --> Flags Updates as Inserts
Update else insert --> Checks for the row in target ,Inserts if there is no record and update if the record exists.

Always we will select the Insert property and we can Select only one out of three update properties.If you check one property then other properties will be unchecked automatically.

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