New Delhi, April 14 -- Buying a term insurance can be one of the most sensible financial decisions you can make. Still, a few overlooked and ignored mistakes can quietly turn this prudent protection into a false sense of security. That is why, before you decide on locking in with a term insurance plan and click 'buy now', here are six key mistakes and pitfalls you must avoid to ensure that your family's safety net remains strong, clear and claim-ready.

A common mistake is choosing a sum assured that is too low. This is primarily done to keep premiums affordable. Still, the core idea is overlooked. To keep your family truly protected, you should have adequate coverage, ideally 15-20 times your annual income, along with all outstanding per...