People now days are getting life insurance early in life as they have understood the idea behind the concept. Life insurance is the only option wherein you can invest fir a long time with assured returns and also get a life cover for any mis-happening. No matter how much amount you deposit anywhere besides LIC of India in case of death your family is entitled to a maximum of your deposited amount and maybe some interest thereon but LIC is such cases pays a huge amount in firm for claim to the nominees.
The loss of a family member is huge and cannot be healed with anything but yes atleast the financial loss is taken case if you have got a LIC policy. Any financial investment that one makes comes with some limitations like short term (bank fd), not secures returns (shares, mutual funds, etc.), No liquidity (PPF) only LIC has options which give you long term investment option and that too with assurance of life cover.