Some people club insurance and investment into one financial product. As a result, they end up buying market-linked products like unit linked insurance plans (ULIPs) or traditional insurance plans like endowment policies, money back policies etc. ULIPs can expose you to market risk whereas the returns from traditional products are low.
So, here’s how you can fix it!
Insurance should be bought only for protection. For optimum returns, you should invest as per asset allocation in a mix of equities, fixed income, gold, real estate, etc. For protection, you should buy a term life insurance plan. Insurance and investments should be kept separate.