Having an umbrella is not good enough? Similarly having insurance is also not good enough either. What is necessary is adequate cover from the risk exposed. Most of us buy the concept of life insurance, but an inadequate one.
If one has to point out one or two culprit about this inadequacy, it is the premium or deposit focused approach of life insurance. Even most individuals are focused on Section 80C of IT ACT (Requirement for tax-saving than the coverage) that makes the protection needs take a backseat.
Being sensible, the protection need must be the driving factor for establishing the life insurance cover.