Acharya Prashant clarifies the true meaning of the phrase 'Dharmo Rakshati Rakshitah,' explaining that Dharma protects the individual not by safeguarding the physical body, but by liberating the self from the greatest danger: the ego. He asserts that for a wise person, death is an inevitable fact rather than a threat; the real danger is living and dying without achieving liberation. Dharma serves as a resource for spiritual freedom, and once its purpose is served, the physical form becomes secondary. The speaker emphasizes that Dharma protects by dissolving the ego, thereby saving the individual from the cycle of bondage.