Term Insurance Funda

I know the pain of going through the tons of articles telling you to buy some of the inumerable Insurance options, ULIP,Term,Money back etc...I decided to have a go at this myself and created "A Simple Plan" for buying insurance. A person with minor knowledge of how insurance works will tell you that for protection and only protection "Term Plan" is the best option out there. And I say...well...why would somebody who wants to buy "Insurance" expects to make money out of it too? Insurance is Insurance, not a money making machine...which will by the way give you lot of money back when you are not there AND will earn you a lot of money while you are there. Lets leave that "multitasking" thing for the machines...which are better equipped for that...Anyways...I will leave the "explaining" part to all the experts out there...and tell you what I think should be a strategy to buy insurance coverage...
First off...nothing beats a Term Plan...so after going through all the premium calculators out there on the respective providers websites...and using the power of Excel...I did the calculations (shown in the image)...

One more thing that I need to point out is that some providers offer an increasing coverage over the term of the insurance plan....I cant seem to buy the logic behind that...I mean if you are going to be alive till the your coverage gets increased...you might as well create assets so that less coverage is required ...got it? Let me explain...If today I have say a million rupees in hand and I buy coverage for a couple of million...after 5 yrs ...if things go well I will have accumulated a couple of million more in assets anyways...so my dependency on insurance plan providing the protection would be reduced...So...I think we should have reverse protection...decreasing cover with age..and mind you I am just talking about the life cover here...for health insurance it would be the reverse...

Now even if the money you save by buying Term insurance (and not buying any other fancy policies) can earn you a tax free interest of 2% per year...I think you should be able to beat the all the money back insurance schemes out there...and if you can better then maybe you can beat the ULIP's also...plus you have the choice of where to invest...I mean for all you care, you could just buy Gold with the money saved every year and that could also give you more returns...