If its not pppular in US, go to India

Does anyone notice that the great whole life insurance or universal life insurance that once dominated the markets in US have grown more popular in India? In US, people are starting to realize that term insurance is the best type of life insurance. But in India, the same ripoffs that happen (and continues to happen) in US is now prevalent in India. Life insurance agents in India are selling cash value life insurance policies as a savings or investment vehicle, which every licensed person in the industry knows it's just life insurance that protects your income. The so-called "savings" in the life insurance policy is really an added protection for the insurance company. That's why if you want to use the savings, you have to borrow it and pay interest on it as well.

I can see why insurance companies are targeting India. After all, India has the 2nd largest population in the world with 1.1 billion, which is not too far behind from China, which is 1.3 billion. In United States, its around 304 million.