Insurance is very important nowadays . You cannot simply get treatment in hospital with no insurance policy .You can get one with investment linked or others and it is all depends on your monthly budget
Same goes with me . I have my family and I have to protect my family with family insurance coverage .For myself , I took whole term life insurance until my age reach 65 .I hope I still health on that time :)
My advise to all parents , please think and consider to have life insurance plans for your kids .It will do some protection & investment for higher education later .