When you think of term life insurance, the first thing that comes to mind is protection. It is a safety net designed to provide financial support to your loved ones if something unexpected happens to you. Yet, for many people in India, the biggest hesitation about buying a term plan is that if they survive the policy period, there is nothing to show for the years of paying premiums. Unlike traditional insurance plans that combine savings and protection, term plans have often been criticized as a “use it or lose it” product.