Different Faces

From our childhood we have heard about insurances. But how do we treat them? We treat them as if they are another investment option and not the risk cover. We always fear to lose money, which we should be scared of. But does that mean we should lose more money (intentionally/ unintentionally) to save those few bucks? We shouldn't, but we are doing this, we are treating these insurances as an investment option and loose more than we save. We prefer to invest in endowment plans as it returns the money with some interest and provide minimal cover. We don't go for pure insurance/ term plan, and why is that? Simply because it doesn't return money and if it do, its just the amount we paid. We forget that this pure insurance premium is much-much lesser than other insurances and gives high cover. Instead we setter for less as there is return of premium with some interest. Thus, today I would be talking about this term insurance and may be just may be I will be able to cha