Why Term Insurance is Important: 7 Costly Mistakes (2026)

Why term insurance is important in India showing ₹1 crore protection shield and 7 costly term insurance mistakes for teachers and families

Understanding why term insurance is important in India can prevent costly financial mistakes that leave families underinsured. This guide explains 7 common term insurance mistakes teachers and salaried professionals make in 2026 and how choosing a pure term plan can secure up to ₹1 crore protection at an affordable premium while avoiding mis-selling and low-cover savings policies.