Why is insurance different from other investments like savings accounts?

Many insurance agents and general lic misinterpret insurance policies as a saving tool, whereas the same provide coverage against life risks.Though in long term policies, the maturity amount coupled with sum insured and vested bonus turns into a big corpus, it should not be projected as savings account investments, as they are simply compensating your loss, in the unfortunate happenings of loss of human lives and not helping you to make profits.