The argument is, why should you take on this gamble when you can keep this threat out of your life forever with very affordable bonuses? True, if you survive the term of the policy, the premium paid by you, especially if we are talking about a term plan, but thieves try to rob our place or not.
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A term insurance plan is like a guard, protecting your family from financial turmoil in case your death tries to steal your income from them.
The premium you pay is like the salary of that guardian who is still paid regardless of attempted robbery. Having that guard gives you that sense of security and peace so that you're happy to spend money and you don't think it's an unnecessary expense.
It is surprising that very few people in India have life insurance, although in India the government has encouraged this by providing tax benefits in scope to invest in life insurance.
People in Western countries are very meticulous about these issues, people here have to change their mentality and take things into their hands. You are not proud to be a victim of the circumstances and blame everything against the government. We have some things in our hands to prevent our family from financially miserable. Think positively and plan smartly to make this financial security dream come true!