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why not endowment plans and child plans

I can’t understand one thing ” you all finance planner says that don’t mix insurence & investment so avoid endowment plans& child plan & ulip plans.
My qustion is
” why insurence componies and IRDA not taking action for that???.
why are diffrent type of ULIP plan are launched regularly??
Are they making fool the peoples ????
Why they selling such products???
They should be stoped from doing this.
IRDA , SEBI , RBI , FINANCE MINISTRY there are so many bodies to LOOK WHAT ARE THEY DOING.???
THAT MEANS IT HAS SOME THING.
PLEASE GIVE SOME VALUBLE ADVOICE FOR THAT B’COZ I PAYING AM FOR ICICIPRU LIFE SMART KID CHILD PLAN & MAX NEW YORK LIFE’S SIPS PENSION PLAN. I am confuesed to continue or not . Plz give suggetions. sply views from ashal ,manish, weathucreate,justgrowmoney and others
Thanks
vimal

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