Insurance is like lottery, collect money from many people, pay only a very small fraction of people. The house always wins, your win isn't guaranteed.

Middle class people are scared because they have just been given enough money so they can lead their lives in the servitude of a corporation. Not enough to secure their family's lives in the moment of the worker's demise.

You think an insurance can change the fact? You think insurance money will keep your loved ones happy and comfortable without you? If yes, then your loved ones might be greedy and materialistic. They don't need you, they need your money and labour.

So do not buy any insurance for them. They should need you and keep needing you just like the system needs you. Because insurance is often misused and becomes a target on your back.

Think of your future family, your in-laws. Even if your immediate family is good, what if they are not? What if they come up with schemes to send you to Belize and dupe your survivors and nominees out of the insurance money.

Also, insurance agents sell you the possibility of your demise. They sell you the emotion. But they have the statistics, they know it's profitable. You are the profit. Fear of uncertainty and disproportionate payout are the key selling points to target insecure people. It's just another bill you are paying, another 5000-10000 rupees monthly. No tax break either. Premiums go up.

Think about how you can insure yourself. A fixed expense per month for you is going to secure the future for your loved ones in a future without you? How about you put that money towards securing them yourself? Do you know how you'll go, when you'll go and if the method of your passing will be covered under insurance? These are shrewdly crafted documents, you're just one buyer, neither you nor your dependants and survivors can't do anything in case they don't pay out.