Term Insurance vs Traditional Plans: Which Builds Real Wealth?

Most Indians still buy life insurance as an 'investment'. The numbers tell a different story. A pure term plan plus a disciplined SIP into a diversified equity fund will, in almost every realistic scenario, leave you with 3-5x more wealth than a traditional endowment plan with the same premium. Term insurance is cheap because it is pure protection. Use it for what it's designed for and invest the difference.