Insurance is Important, Get one Now! 👇 Term Insurance: term.lla.in/ Health Insurance: health.lla.in/ Car Insurance: 4wheeler.lla.in Bike Insurance: 2wheeler.lla.in Commercial vehicle Insurance: cv.lla.in Choose the right Insurance for yourself: link.lla.in/LLA-PL-life-insurance
Sir mene December 2022 se max life se term life + investment plan le rakha h abhi continue krna chahiye ya ese band krke term life plan alag se lena chahiye ........ Please give me advise.....
The benefit of videos on this channel is IMMENSE and UNBIASED. One long video on any topic - Term, Health insurance, ULIP, etc covers it end to end on what key factors one should consider while evaluating various policies / market instruments. Kudos to Mandeep for such in depth research!
SBI managers tried to pursuade me to buy SBI Smart Platina; SBI Elite and many such useless products. But I declined each time. Thanks to team LLA for such informative videos and making people Jagruk. At the same time it is very sad to see how public sector banks like SBI changed in recent years. Misselling should be considered as a culpable crime.
But how to avoid these insurance plans if Banks make these insurance as precondition for taking loans? If you say no then loan proposal gets delayed/rejected.
@@Menzene7 I think One should avoid taking ULIP kind of insurance. But one cannot ignore some necessary insurance like term insurance, insurance against loan and car loan, etc etc but it is very necessary... Supposed if you die and at a time you had taken some Loan which ain't having insurance backup, everyone around you will suffer.
Same here ,,, SBI manager called my father that you got pension fund I will suggest you how to invest that money,,, He offered my father sweet etc ,,,then he suggested my father get him 4 cheque and signed here and here Then I will invest your money here FD here mutul fund etc etc ,,, my father trusted the manager due to his appearance,,, then Imy father, my mother and my brother got phone call same day that we are from sbi life insurance ,, r you continue the policy,,, the we are shocked and called the manager,, he said it is only for one time,,, I got doubt that time,,, AFTER WATCHING LLA's one video that I. An cancel policy within 15 days after purchased,,, that I canceled those policy,,,it was 15 year lock in and 115982 rs per person per year,,, it is totally impossible for us ,,,
Mandeep, you and RJ have single handedly helped me more than every other finance content creator combined. Struggling with some old ULIPs that my late father had taken. Thanks for providing me clarity on how to proceed further with those. BTW, my birthday was yesterday. Day before, I was watching your Term insurance video. My previous term insurance amount was low (due to limited income earlier) so I applied for another substantially increased term insurance cover via the PB link in your bio. Hope it helps support your work, because I have definitely recieved a lot of support from you. All the best ahead. ❤️ PS - love from Jaipur
@@LabourLawAdvisorSir I am a student maine jb open kia tha BOI Savings A/c toh class 12 m tha & uss waqt boi employee ko maine student non-maintaining wla A/c open krne ko kha tha, usne apne profit ke chakkar m mereko bola h student A/c hi h and 1000₹ maintenance wla A/c open kr dia. Ab corona se phle toh maintain kr pata tha but avi nhi kr paata m & mereko pata vi nhi tha ki student A/c nhi h mera yeh. So bank ne Lein kr dia h & RBI khta h ki ap negative ya lein nhi kr skte customer A/c but wo nhi sun rhe, bol rhe rule ke according cut hua h lein. Mera ek really bohot important paisa tha ₹1000+ jo lein ke wajah se bank ne cut kr lia & branch ab baat ko nhi sun rha na hi bank grievances se koi help mil rha & even RBI jo itna Ad dikhata wo vi bank ko support kr rha Kya Karu ap batao #lla sir guide kariye kindly.
@@pdahj4224 i dont think any of the big fin influencers have said this yet, but of you income is below a certain level, you do not get to take a normal term life insurance. I am forgetting the exact income level but i think if its below 3lakhs p.a. So dont troll someone without complete knowledge. Cheers
The T-Shirt Says it all: "YOUR LIPS, MY LIPS, APOCALYPSE (The wallpaper on the screen behind), BUT NEVER ULIPS" By the way nice video. Follower since 3 years of you. Thank you ❤L❤L❤A❤
I knew everything which he discussed in this video. but i liked how he talked so i watched the complete video. Thank you, LLA for making people aware and increasing financial literacy.
Just a week back i was proposed with this ULIP but i was not sure beacause of limited details. Thanks to your video now i know it fully. Seriously u are a killer.
Bhai zabardast. Mujhe finance ke bare me ghanta kuchh pata hai. Par ye to mujhe bhi samajh a Gaya. Dusre sources ke information samajh ne bhi asani huyi. Thanks a lot brother ❤
I got scammed by hdfc life by buying ulip. They said the life insurance is just a bonus and i even asked if all my money is invested in equity and they said yes. I was never informed about various charges and mortality ratios😭. I can't believe they did that even after knowing im a student and don't have any source of personal income. Never knew people can get so low. Im also to blame partially as i didn't do my own research.
I have 2 arguments against it 1 if i want tax free return 2 if i want to maintain my discipline and for emergency and paying premium i am creating seperate corpus of MF 3 IF I HAVE NO ONE AFTER ME WHOOM WILL BE AFFECTED BY MY DEATH ?
Thank you LLA for these amazing videos, i just wanted to say that people thinks that i'll pay 20k per year for 2crore insurance but what if i survived. They don't look into from the perspective of what if they don't survive. Previously i used to also think like that but then i changed the way to look into this i thought just by investing my 5 days income out of my 365 days days i can live peacefully without any worry for my dependent's future in case of any mishappening. Hope someone will change their perspective of looking on Term insurance like this.
Amazing video, I salute a company like Labour Law Advisor which is giving complete information on scams like ULIP, instead of eating commission and collaboration from agencies or selling plans like UPLIP where a commission is high they are educating people. I just love your work and bless you guys to grow in your life
Was almost about to buy a ULIP from broker and notification of this video popped up! Have blocked the broker. Thanks Mandeep for taking all these efforts to educate the public.
The level of research you perform and the depth of understanding you provide is truly remarkable. 🔥🔥 I've learnt so much about all types of insurances, mutual funds, and many inportant concepts of finance. Thanks a lot and keep growing. 🤜🏻🤛🏻
A lot of people will benefited from this video if they watch carefully.. I am an engineer and 10 years experienced software professional and I still not able caught the scam. Thanks
Omg what a video. Knowledge for 30 min and not feeling bored even for a sec. Mandeep brother thank you so much, thank you team LLA you guys are fabulous and doing a great job. #jagrukjanta❤
### thank you Mandeep Sir 2 sal pahle aapka video dekh kar Maine LIC surrender kiya tha, at the surrender time 50000 Mera ghata hua tha after that jo Amount mila usko main lamp sum invest Kiya or premium amount ko Maine SIP kiya, Mera loss bhi recover Ho Gaya, aur future mein bada loss hone se bach Gaye, thank you so much for your informative video Mera future ka 1C ka loss Apne bacha liya...
hi Mandeep, you are really doing a great work I am just 23 and you save me from taking lots of useless financial decisions you are a savour for me bro Salute to you
🎯 Key points for quick navigation: 00:00 *🤥 Insurance agents deceive customers for profits* - Insurance sector profits often come from misleading customers - An example of tricking an elderly person into a locked insurance plan 00:58 *⚠️ Raising awareness about being misled by insurance plans* - The video aims to educate people to avoid being trapped by deceptive plans - Ensuring customers can withdraw their hard-earned money when needed 01:58 *📝 Understanding ULIPs (Unit Linked Insurance Plans)* - ULIPs combine life insurance and investment components - Tax benefits under sections 80C and 10(10D) of Income Tax Act 02:27 *💰 Determining adequate life insurance coverage* - Life insurance cover should be 15-20 times annual income - Ensuring family's lifestyle is not disrupted in case of premature death 03:51 *💸 High premiums for low life cover in ULIPs* - ULIPs offer low life cover for high premiums compared to term plans - Example of Rs. 2 lakh premium for Rs. 1 crore life cover in a ULIP 04:50 *⚠️ Risks of premium non-payment in ULIPs* - Missing premium payments can lead to policy lapse and loss of life cover - Flexibility of stopping investments but not insurance premiums 06:18 *🧭 Term insurance is a better option* - Term plans provide high life cover for low premiums - Premiums are fixed for the policy term, unlike ULIPs 07:44 *🔗 Recommendation for term insurance purchase* - Video description contains a link to compare and purchase term plans - Supports the channel's work without additional cost to the viewer 08:40 *💵 Charges in ULIPs* - Premium allocation charges, policy admin charges, fund switching charges - Charges can significantly reduce the invested amount 11:31 *☠️ Mortality charge in ULIPs* - Mortality charge is the actual life insurance premium component - Calculated based on age, sum assured, and mortality rate table 12:29 *📈 Misleading NAV returns in ULIPs* - NAV returns do not account for mortality charges deducted separately - Actual investment returns are lower than advertised NAV returns 13:27 *👎 Reducing life cover in ULIPs* - Life insurance cover decreases over time as investments grow - Policyholder may only receive investment value, not life cover 15:54 *⬇️ Decreasing mortality charges in ULIPs* - Mortality charges reduce each year as investments grow - Eventually, the life cover becomes zero, and only investments are paid out 17:49 *🔒 Lock-in period and discontinuance charges in ULIPs* - Money cannot be withdrawn in the first 5 years (lock-in period) - If premium payment stops before 5 years, investments move to discontinued fund with low returns - Discontinuance charge applied if policy is cancelled after lock-in 19:41 *💸 Charging fund management fees on discontinued funds* - Fund management fees charged even on discontinued funds with low returns (3-4%) - Similar to expense ratios of top-performing mutual funds 20:38 *⌛ Free look period and cancellation advice* - 15-day free look period to cancel policy without charges - Advice to continue for 5 years if charges are reasonable, or cancel within free look period 21:36 *💰 Alternative investment options to ULIPs* - Recommends segregating insurance (term plans) and investments (mutual funds, PPF, etc.) - Flexibility to stop investments during cash crunch, unlike ULIPs 22:05 *💸 Tax implications and return comparison* - Tax-free returns under 10(10D) may not offset lower returns compared to mutual funds - Example calculation shows impact of 1% lower returns over 20 years 23:33 *🎣 Marketing tactics: Using the word "guarantee"* - The word "guarantee" is used to attract attention and mislead customers 24:30 *💰 Reality of capital guarantee plans* - Capital guarantee only ensures return of premiums paid if portfolio value is lower - Unrealistic to expect market losses over 15-20 year period - Fixed deposits provide capital and interest rate guarantees 25:57 *👶 Child plans and premium waivers* - Child plans position ULIPs as investments for child's future - Premium waiver if policyholder passes away is a good feature - But similar benefits can be achieved with mutual funds 26:54 *🤥 Mis-selling tactics for ULIPs* - Portraying ULIPs as single premium when it's annual premium - Buying policy in child's name instead of parent's name 27:54 *💰 How the rich can benefit from ULIPs* - Cash-rich individuals use single premium ULIPs for tax benefits - Tax deductions under 80C and tax-free returns under 10(10D) - But government capped tax-free ULIP investments at Rs. 2.5 lakhs per year
I got a term insurance plan after watching your previous video. I was late into the game because of which I have to pay a larger premium, so don't be like me. Get a term plan as soon as you file your first IT return.
Best video ever on this topic. I was just about to get into ULIP trap after 15 years again because of all these new features to save tax 10(10D) But you saved me. Thanks
Jeewan barbaad agent log krte hai, ye soch kr ki inka jeewan abaad ho jayega. Tumhari videos ko government ko sabko dikhana chahiye. You deserve a appreciation from Government itself ❤
Sir, I can't thank you enough. In 2021 someone sold a ULIP to my father who didn't know anything about them. He was told it was an FD with higher interest rate by the bank employee. And I might not have ever known about it because earlier my parents didn't you used to involve me in financial decisions as they thought I was a kid. But luckily the bank employee sold that ULIP under my name. And as soon as I knew about that I simply asked for a cancellation/refund the next day itself, under the 15-day free-look period which many people don't know about
I'm 20 years old Male, self employed , I want to buy a pure term insurance plan of around 1-2cr but the guy calling from policy bazaar told me that if i don't have itr file return of last 3 years i cannot buy pure term insurance plan and instead forcing me to buy a combo plan (kind of ULIP) of much higher Premium which i don't want. What I'm i supposed to do please help. 🙏
As far as I know there is no such condition. If there is such a condition, then better invest for 3 yr (till u get 3 yr ITR) in stocks and then buy a Term Insurance
Hey You can check directly with companies or on their portals. Companies do have conditions of checking employment so that they can ensure you pay premiums timely. So a salary slip should be enough. Other factor could be that you are asking for a really high sum assured with a young age. Now companies do not want to write bad risks and hence to avoid anti selection against them they might deter some people from buying insurance.
I talked to an agent and he was convincing me for ULIP but then I had showed him these things and he said you had a great knowledge 😂 thanks LLA for these value Information....also I have question..can you please guide me should I go with one more term policy or should increase coverage in current one to increase my cover insurance?
Recently I agent call me to sell same , I did not recognized it as ulips, then Suddenly get LLA this video.. and I saved myself. This is what benefit of LLA subscribers 😊
Issue 1 shown at 06:20 - high premium due to late age - on age 30 you filled non-smoking lifestyle in premium checking but on age 38 you have selected smoker lifestyle. Case 1 - non-smoker 30 years old male with 20L+ salary buying pure term insurance plan of 2 crore cover from iciciprulife needs to pay 19,924 rs yearly. Case 2 - non-smoker 38 years old male with 20L+ salary buying pure term insurance plan of 2 crore cover from iciciprulife needs to pay 26,117 rs yearly. Is 26,117 too bad? It is not bad because value of 19,924 after adjusting inflation of 7% in 8 years becomes 34,233 rs. Clearly premium is less in comparison to the inflation based price. so logic of premium being high due to delay of 2-3 years is flawed. Issue 2 at 13:48 - Regarding the death benefit what you have explained is half truth and is applicable for ULIP buyers with entry age more than 50. If the entry age is less than 50 which is applicable for most people then we actually are supposed to get fund value + sum assured. In the policy document there are two charts with illustration of interest with 8% and 4%. In this chart death benefit is also shown which keeps increasing and shows sum value of sum assured + current fund value. I am not sure if such policy is still present in market currently or whether other company also provide this. But a ULIP which I bought in 2018 has policy document confirms this: Benefits available under the policy 1. Death Benefit i. Insured event is death of the Life Assured during the term of the policy. ii. On the death of the Life Assured during the term of the policy Death Benefit will be payable to the nominee iii. On death of the Life Assured, provided monies are not in the Discontinued Policy Fund (DP Fund), Death Benefit will be: In case of all Single Pay policies and Limited Pay and Regular Pay policies for age at entry greater than or equal to 50 years, Death Benefit = A or B or C whichever is highest Where, A = Sum Assured including Top-up Sum Assured, if any B = Fund Value including Topup Fund Value, if any C = Minimum Death Benefit In case of Limited Pay and Regular Pay policies, for age at entry less than 50 years, Death Benefit = (A+B) or C whichever is higher Where, A = Sum Assured including Top-up Sum Assured, if any B = Fund Value including Top-up Fund Value, if any C = Minimum Death Benefit iv. For the purpose of this product, Sum Assured is deemed to include the Top-up Sum Assured, if any. v. Minimum Death Benefit will be 105% of the total premiums paid including Top-up premiums, if any
1. At 38 i showed smoker because I couldn't show premiums with pre existing diseases. The point I made was- at 38 you are more likely to have a disease or a health condition/ habit, than you are at 30. I'm sure you can't deny premiums are expensive at 38 even if you are healthy, compared to 30. 2. Both ulips are present, I showed the other ulip too. And that one has premium allocation charges that are clearly shown in the illustrations. Maybe other ulips don't have this charge but the main point still remains valid- Never mix insurance and investment. Premiums CANNOT be called SIP
@@LabourLawAdvisor Thanks for your reply. BTW, I didn't thank you enough earlier, barring few disagreeing points I highly subscribe to your ideas. Just 1 months back knew zero about term insurance, but I saw your playlist of term insurance and became very much enlightened on this topic. Thanks. I now want to increase my expertise in Mutual Fund. I saw few MF related videos on your channel. Those gave me a high level idea, but I am really not sure how to compare different MFs from different companies, from where to buy one, which one to take, difference between SIP, ELSS, what are the scams to avoid in buying MFs, when to sell the MFs at the time of market boom etc. Could you please perhaps create a playlist for that as well.
Creation of financial videos is simple copy and pest but creation of such videos requires study, reaserch, hardwork, time and other things. Thank you LLA
Bro..I want to thank you . Today your video saved me from getting trapped in to this ulip shit. This plan is bajaj capatil guarantee ulip plan with life insurance and zero tax on maturity amount . On top of that they are selling it from policy Bazaar.
I think this is the best informative unbiased video i have ever seen from ur channel. I really appreciate the amount of work you put into this project. Thank u for saving many peoples money with correct information
Sir thank you so much for the video. Very informative. can you make a detailed video on swp. Need a retirement investment (lumpsum-5-6lakhs )for my parents.(i was planning for ulip to give my parents monthly money but not anymore)
Similar miss selling was done to my parents by Bajaj Allianz folks. Some policy (ULIP/traditional) were maturing/crossed the lockin period, they told her that my parents will not have to pay any premium which turned out the agents manipulated from the maturing/post lock in period policy. My parents were expecting to use the policy payout but ended up buying another policy from them and locking it again . I have been following you content from 2020 and thank you for creating the awareness. I told my parents not to sign any document but these agents are persuasive, kept visitng my parents place stating they need to verify the policy holders. 😡😡 the other problem with the free look up period for parents is they dont have email id (usually) and the physical policy documents are delivered post the 15day period, or the agent intentionaly skips adding it and tells them policy holder can update the email ID online later.
Thank you boss, you saved my 10 Lakh😂 Axis bank vale ne Max life ke naam se to laga hi Diya tha Choooooonaaaa.... Bichara 1 week se samza Raha tha. Mai to fasne vala hi tha, use Aapka video share kar diya😂😂😂❤
Hi Mandeep, I had purchased term insurance 5 years back when I was 24 and had taken premium according to my salary that time, Should I consider buying new term insurance for increasing the cover or get existing policy updated?
High production value video like Johnny Harris. Great work for creating this video. I already watched the earlier video of the ULIP last year and it opened my father's eyes.
This video seems will be nightmare for those who mis-selling ULIP. Covered almost all hidden conditions. Thanks Mandeep & LLA for creating such bold video highlighting dirty inside of ULIP. After this video ULIP industry players will definitely feel shameful. 😂💐❤.
Mujhe mutual fund me Invest karna tha toh me aise hi check kar raha tha only saal 2016 me toh galti se policy bazar me chack kar liya or apni details deti Inka itna call ayaa mene inhe kaha bhi us time ki mujhe SIP karni hai mutual fund me lekin inhone mujhe ULIP chipka diya us time toh jyada videos bhi nahi thi ULIP ke bare me jab mere investment me mujhe acha return nahi Mila tab pata chala yeh to ULIP hai tab Tak bahut investment ho gayi thi lekin rok bhi nahi sakte the because lock period bhi tha means jab tak ki ULIP hai tab Tak koi Paisa nahi nikal sakta me toh phas gaya aap mat phas Jana policy bazar ke chakar me call kar kar ke pareshan kar denge😅😅
Bhai bhai, hands down this video is downright helpful and jaagrut, and yeah finally I subscribed, I don't know why I didn't subscribe earlier well better late than never.
I have ULIP policy with Bharati Axa and it is doing well plus I am insured too. Government servants prefer it bcz it is tax saver under 80ccd. But overall if u want money at the end, mutual funds are better.
ULIP mein risk cover kam rehta hai jada paisa investment k liye jata. Issliye risk cover kam rehta hai ulip. It’s mainly for investment with small proportion for risk cover
Thank you so much for saving my hard earned money. I was just going into it for tax savings but overall, when I compared, I found mutual fund to be more rewarding even after paying 10% long term capital gain tax.
My name is Piyali. I am from Bengal. am 26 years old. sir. I think I did something wrong by get some lic plans. Those plans are 1) jeevan Shanti 858 (250000) for mother,2) jeevan labh. 936 for 25 years for me ,3) Bima Jyoti 860 for 15 years. All these plans I got on 21/11/2022 & 12/12/2022 .sir I don't no what to do , give me some suggestions sir what should I do. Now I am preparing for govt. Exams & kind of dependent on my mother,she gets 20000 rupees in a month. Sir please suggest me. Thank you sir for providing us such information through TH-cam and other courses. lot of respect and gratitude for LLA.🎉🙏
Dear LLA team. I really like your content. A kind request, can you make your videos in english? Because some of the viewers from south side are not very fluent in Hindi. Just a humble request. Your content is very good. Thank you.
I do have a HDFC ULIP plan, I have purchased it 5 Years back. I have all of my NAV's invested in opportunity fund from the beginning. Currently, I am getting the good returns almost 19%. Kindly suggest, if I need to continue with it or shall I discontinue it now. Premium: 85K / Year. Premium Payment Term : 15 Years( 10 More Years ) Total Invested Amt : 4.28 Lacs Current Value : 7.3 Lacs 1) I do have term plans 2.5 Cr cover 2) SIP 23K / Month
Im in consultancy journey after watching ur videos ..i dont want to cheat anyone bcz people hard earned money goes means its so killing and im not able to handle that i may die in guilt ..rather i suggest what is good for them ..i love u sir ..keep doing such videos ..even if my company force me to sell ..i better resign the job ..
Same thing happened with my father when he visited union bank of India, there was an agent of sud life (star union diachi) who mis guided my father and trapped my father and my father trusted him because he was seating in union bank of India so trusted him and signed all documents later in 2021 I came to know about the policy and when I enquired about the same policy then in 2021 my investment of 50,000 annually turned in 2,80,000 i.e. 2,50,000 invested and return of 30,000 in 5 years.
I opted ULIP 1.5L PA for 18 years . After paid 5 EMI 12500X5 i decided to stop it and splitting 12500/5 and decided to invest in Large cap and index fund 60% remin in Themetic and small cap fund
Mandeep bhai, tum aur tumhari team mast kaam karta hai 🙏🏻🙏🏻 Link click karke toh help nahi karskta kyuki phele hi policy le li hai, par ye comment zaruri hai aaj ❤
Brilliant . Thank you for making us aware of these scams. As for common people it is next to impossible to read the policy document and make any sense out of it.
Mandeep I have subscribed to your chanel and I must say that you both provide vital information. As a lay person I am sure many of us fall into such traps. I would really appreciate if you all could cover a topic wherein one would understand the process claiming Mutual Funds, Shares, transfer of property for a person who's parents had no nomination.
Really really informational. I am trying to tell my frds and relatives about it long ago, now I got a perfect and researched content to demonstrate. Great work guys❤
Thanks a lot for sharing these insights. I saved my money after watching your video, which I was going to invest in ULIPs. At first they said there are not much charges, but after watching your videos I went to the branch and asked for these charge then they said ki "haan sir ye to lagta hi h :)"
Insurance is Important, Get one Now! 👇
Term Insurance:
term.lla.in/
Health Insurance: health.lla.in/
Car Insurance: 4wheeler.lla.in
Bike Insurance: 2wheeler.lla.in
Commercial vehicle Insurance: cv.lla.in
Choose the right Insurance for yourself: link.lla.in/LLA-PL-life-insurance
acko ka car insurance is safe or na?
आप इन लोगो को ठीक से जीने नहीं दोगे😂😂😂
First me jo aapne insurence plan ke bare me btaya 2 minute me same meri situation hai sir plss help me where i can complaints
Sir mene December 2022 se max life se term life + investment plan le rakha h abhi continue krna chahiye ya ese band krke term life plan alag se lena chahiye ........
Please give me advise.....
Ya hain sab se Bada Agent 😅😅😅😅😅😅😅
The benefit of videos on this channel is IMMENSE and UNBIASED.
One long video on any topic - Term, Health insurance, ULIP, etc covers it end to end on what key factors one should consider while evaluating various policies / market instruments.
Kudos to Mandeep for such in depth research!
SBI managers tried to pursuade me to buy SBI Smart Platina; SBI Elite and many such useless products. But I declined each time. Thanks to team LLA for such informative videos and making people Jagruk. At the same time it is very sad to see how public sector banks like SBI changed in recent years. Misselling should be considered as a culpable crime.
But how to avoid these insurance plans if Banks make these insurance as precondition for taking loans? If you say no then loan proposal gets delayed/rejected.
Brother's t shirt speak up all😂😂
@@Menzene7 I think One should avoid taking ULIP kind of insurance. But one cannot ignore some necessary insurance like term insurance, insurance against loan and car loan, etc etc but it is very necessary...
Supposed if you die and at a time you had taken some Loan which ain't having insurance backup, everyone around you will suffer.
@@Menzene7 take a term insurance from outside and submit policy copy of the same...they can't force you to take it from their sister concern
Same here ,,, SBI manager called my father that you got pension fund I will suggest you how to invest that money,,, He offered my father sweet etc ,,,then he suggested my father get him 4 cheque and signed here and here Then I will invest your money here FD here mutul fund etc etc ,,, my father trusted the manager due to his appearance,,, then Imy father, my mother and my brother got phone call same day that we are from sbi life insurance ,, r you continue the policy,,, the we are shocked and called the manager,, he said it is only for one time,,, I got doubt that time,,,
AFTER WATCHING LLA's one video that I. An cancel policy within 15 days after purchased,,, that I canceled those policy,,,it was 15 year lock in and 115982 rs per person per year,,, it is totally impossible for us ,,,
Mandeep, you and RJ have single handedly helped me more than every other finance content creator combined.
Struggling with some old ULIPs that my late father had taken. Thanks for providing me clarity on how to proceed further with those.
BTW, my birthday was yesterday. Day before, I was watching your Term insurance video. My previous term insurance amount was low (due to limited income earlier) so I applied for another substantially increased term insurance cover via the PB link in your bio. Hope it helps support your work, because I have definitely recieved a lot of support from you.
All the best ahead. ❤️
PS - love from Jaipur
Thank you so much Bhai, means a lot ❤️❤️🙏
And wish you a very happy birthday from all of us 🎈 :)
@@LabourLawAdvisorSir I am a student maine jb open kia tha BOI Savings A/c toh class 12 m tha & uss waqt boi employee ko maine student non-maintaining wla A/c open krne ko kha tha, usne apne profit ke chakkar m mereko bola h student A/c hi h and 1000₹ maintenance wla A/c open kr dia. Ab corona se phle toh maintain kr pata tha but avi nhi kr paata m & mereko pata vi nhi tha ki student A/c nhi h mera yeh.
So bank ne Lein kr dia h & RBI khta h ki ap negative ya lein nhi kr skte customer A/c but wo nhi sun rhe, bol rhe rule ke according cut hua h lein.
Mera ek really bohot important paisa tha ₹1000+ jo lein ke wajah se bank ne cut kr lia & branch ab baat ko nhi sun rha na hi bank grievances se koi help mil rha & even RBI jo itna Ad dikhata wo vi bank ko support kr rha
Kya Karu ap batao #lla sir guide kariye kindly.
@@youreverydaymotivation.Close the account and open kotak 811 0 balance account or any other bank's 0 balance account,As simple as that
@labour law advisor sir apka contact no milega kya
these guys are making Indians educated...good work❤
Mallu😂 sahi naam h tera
Fool
@@Real_mutual_fund_guide oh mere mutar fundi...
@@Taha_India now i remember your father..
One of the only few channels which empowers the common man.
Guys, take some notes
My family have not life insurance we are poor why should I take note
@@Naruto12.v
commenting on you tube is costlier than life insurance
Fuddu aadmi take a cover 😅
If poor by mind than its ok
@@Naruto12.vmy family can't even afford an android phone 😢 am watching in macbook 👀👀👀
@@pdahj4224 i dont think any of the big fin influencers have said this yet, but of you income is below a certain level, you do not get to take a normal term life insurance. I am forgetting the exact income level but i think if its below 3lakhs p.a. So dont troll someone without complete knowledge. Cheers
@@iKun_KaizenI am so poor I watch TH-cam after hacking their server with my keypad phone
Thanks. Your videos really help. I have prevented many money losses due to scam just because of your videos.
We are welcome, your support is appriciated
The T-Shirt Says it all: "YOUR LIPS, MY LIPS, APOCALYPSE (The wallpaper on the screen behind), BUT NEVER ULIPS"
By the way nice video.
Follower since 3 years of you.
Thank you ❤L❤L❤A❤
Imagine a life insurance broker reached Mandeep's house to sell him a life insurance 😂😂😂😂
He will go back buying a term plan and a mutual fund
Nah he will make him sit in front of his laptop and say calculate your plans in Excel 😂😂😂
गया टाटा खत्म बाय
Rip in advance to him
I knew everything which he discussed in this video.
but i liked how he talked so i watched the complete video.
Thank you, LLA for making people aware and increasing financial literacy.
Just a week back i was proposed with this ULIP but i was not sure beacause of limited details. Thanks to your video now i know it fully. Seriously u are a killer.
Thanks!
Bhai zabardast. Mujhe finance ke bare me ghanta kuchh pata hai. Par ye to mujhe bhi samajh a Gaya. Dusre sources ke information samajh ne bhi asani huyi. Thanks a lot brother ❤
I got scammed by hdfc life by buying ulip. They said the life insurance is just a bonus and i even asked if all my money is invested in equity and they said yes. I was never informed about various charges and mortality ratios😭. I can't believe they did that even after knowing im a student and don't have any source of personal income. Never knew people can get so low. Im also to blame partially as i didn't do my own research.
oh man
Complain in RBI
Me too. Same issue.😢😢. I bought tata smart sampoorna suraksha which has more charges 😢😢
@@boombox3690 I too bought Tata AIA Smart SIP plan, wasted my money and still need to pay for next 10 years, Got Scammed😞
Hii bro Plz help me
I have 2 arguments against it
1 if i want tax free return
2 if i want to maintain my discipline and for emergency and paying premium i am creating seperate corpus of MF
3 IF I HAVE NO ONE AFTER ME WHOOM WILL BE AFFECTED BY MY DEATH ?
Thank you LLA for these amazing videos, i just wanted to say that people thinks that i'll pay 20k per year for 2crore insurance but what if i survived. They don't look into from the perspective of what if they don't survive. Previously i used to also think like that but then i changed the way to look into this i thought just by investing my 5 days income out of my 365 days days i can live peacefully without any worry for my dependent's future in case of any mishappening. Hope someone will change their perspective of looking on Term insurance like this.
Amazing video, I salute a company like Labour Law Advisor which is giving complete information on scams like ULIP, instead of eating commission and collaboration from agencies or selling plans like UPLIP where a commission is high they are educating people. I just love your work and bless you guys to grow in your life
Was almost about to buy a ULIP from broker and notification of this video popped up! Have blocked the broker.
Thanks Mandeep for taking all these efforts to educate the public.
Lol that's one hell of a coincidence 😅
Bro yesterday I purchased one 😔
Mandeep, we are incredibly grateful for your help. Your videos have been a lifesaver, guiding us towards making wise financial choices.
Brilliant Thumbnail,
Hats off to LLA team.🔥❤️
A very insightful video. Cleared a lot of my doubts. Bought a ULIP plan 2 years ago, and regreting it now.
The level of research you perform and the depth of understanding you provide is truly remarkable. 🔥🔥
I've learnt so much about all types of insurances, mutual funds, and many inportant concepts of finance.
Thanks a lot and keep growing. 🤜🏻🤛🏻
A lot of people will benefited from this video if they watch carefully.. I am an engineer and 10 years experienced software professional and I still not able caught the scam. Thanks
Omg what a video. Knowledge for 30 min and not feeling bored even for a sec. Mandeep brother thank you so much, thank you team LLA you guys are fabulous and doing a great job. #jagrukjanta❤
well I went back to check that did I really watched a 30 min video
Mandeep bhai THANK YOU ❤ apne bachali 0:29 sem incident meri family ke shath 7-9 din pahele huva thai ham bach gye
Dear LLA affiliate with Ditto policy bazaar is total scam I strongly recommend people to avoid policy bazaar
why? do tell the reason
I took ulip from them, and watching this video and ur comment after 5mins😅
### thank you Mandeep Sir
2 sal pahle aapka video dekh kar Maine LIC surrender kiya tha, at the surrender time 50000 Mera ghata hua tha after that jo Amount mila usko main lamp sum invest Kiya or premium amount ko Maine SIP kiya, Mera loss bhi recover Ho Gaya, aur future mein bada loss hone se bach Gaye, thank you so much for your informative video Mera future ka 1C ka loss Apne bacha liya...
One should have a mix of Equities, Lic or Debt, FDs, Realestate. I am not against LICs but not put all eggs in one basket.
hi Mandeep, you are really doing a great work
I am just 23 and you save me from taking lots of useless financial decisions
you are a savour for me bro
Salute to you
This man saved me from loosing alot off money. Thank you from bottom of my heart❤
🎯 Key points for quick navigation:
00:00 *🤥 Insurance agents deceive customers for profits*
- Insurance sector profits often come from misleading customers
- An example of tricking an elderly person into a locked insurance plan
00:58 *⚠️ Raising awareness about being misled by insurance plans*
- The video aims to educate people to avoid being trapped by deceptive plans
- Ensuring customers can withdraw their hard-earned money when needed
01:58 *📝 Understanding ULIPs (Unit Linked Insurance Plans)*
- ULIPs combine life insurance and investment components
- Tax benefits under sections 80C and 10(10D) of Income Tax Act
02:27 *💰 Determining adequate life insurance coverage*
- Life insurance cover should be 15-20 times annual income
- Ensuring family's lifestyle is not disrupted in case of premature death
03:51 *💸 High premiums for low life cover in ULIPs*
- ULIPs offer low life cover for high premiums compared to term plans
- Example of Rs. 2 lakh premium for Rs. 1 crore life cover in a ULIP
04:50 *⚠️ Risks of premium non-payment in ULIPs*
- Missing premium payments can lead to policy lapse and loss of life cover
- Flexibility of stopping investments but not insurance premiums
06:18 *🧭 Term insurance is a better option*
- Term plans provide high life cover for low premiums
- Premiums are fixed for the policy term, unlike ULIPs
07:44 *🔗 Recommendation for term insurance purchase*
- Video description contains a link to compare and purchase term plans
- Supports the channel's work without additional cost to the viewer
08:40 *💵 Charges in ULIPs*
- Premium allocation charges, policy admin charges, fund switching charges
- Charges can significantly reduce the invested amount
11:31 *☠️ Mortality charge in ULIPs*
- Mortality charge is the actual life insurance premium component
- Calculated based on age, sum assured, and mortality rate table
12:29 *📈 Misleading NAV returns in ULIPs*
- NAV returns do not account for mortality charges deducted separately
- Actual investment returns are lower than advertised NAV returns
13:27 *👎 Reducing life cover in ULIPs*
- Life insurance cover decreases over time as investments grow
- Policyholder may only receive investment value, not life cover
15:54 *⬇️ Decreasing mortality charges in ULIPs*
- Mortality charges reduce each year as investments grow
- Eventually, the life cover becomes zero, and only investments are paid out
17:49 *🔒 Lock-in period and discontinuance charges in ULIPs*
- Money cannot be withdrawn in the first 5 years (lock-in period)
- If premium payment stops before 5 years, investments move to discontinued fund with low returns
- Discontinuance charge applied if policy is cancelled after lock-in
19:41 *💸 Charging fund management fees on discontinued funds*
- Fund management fees charged even on discontinued funds with low returns (3-4%)
- Similar to expense ratios of top-performing mutual funds
20:38 *⌛ Free look period and cancellation advice*
- 15-day free look period to cancel policy without charges
- Advice to continue for 5 years if charges are reasonable, or cancel within free look period
21:36 *💰 Alternative investment options to ULIPs*
- Recommends segregating insurance (term plans) and investments (mutual funds, PPF, etc.)
- Flexibility to stop investments during cash crunch, unlike ULIPs
22:05 *💸 Tax implications and return comparison*
- Tax-free returns under 10(10D) may not offset lower returns compared to mutual funds
- Example calculation shows impact of 1% lower returns over 20 years
23:33 *🎣 Marketing tactics: Using the word "guarantee"*
- The word "guarantee" is used to attract attention and mislead customers
24:30 *💰 Reality of capital guarantee plans*
- Capital guarantee only ensures return of premiums paid if portfolio value is lower
- Unrealistic to expect market losses over 15-20 year period
- Fixed deposits provide capital and interest rate guarantees
25:57 *👶 Child plans and premium waivers*
- Child plans position ULIPs as investments for child's future
- Premium waiver if policyholder passes away is a good feature
- But similar benefits can be achieved with mutual funds
26:54 *🤥 Mis-selling tactics for ULIPs*
- Portraying ULIPs as single premium when it's annual premium
- Buying policy in child's name instead of parent's name
27:54 *💰 How the rich can benefit from ULIPs*
- Cash-rich individuals use single premium ULIPs for tax benefits
- Tax deductions under 80C and tax-free returns under 10(10D)
- But government capped tax-free ULIP investments at Rs. 2.5 lakhs per year
I got a term insurance plan after watching your previous video. I was late into the game because of which I have to pay a larger premium, so don't be like me. Get a term plan as soon as you file your first IT return.
Best video ever on this topic. I was just about to get into ULIP trap after 15 years again because of all these new features to save tax 10(10D)
But you saved me. Thanks
You guys are THE BEST.... Keep doing great work❤❤❤❤❤❤
Specially Mandeep ... The way you explain is amazing, Fabulous🔥🔥🔥
Your channel is the best in TH-cam.. bought term insurance because of your video and saved myself from fraud 😊
Jeewan barbaad agent log krte hai, ye soch kr ki inka jeewan abaad ho jayega. Tumhari videos ko government ko sabko dikhana chahiye. You deserve a appreciation from Government itself ❤
❤❤Thanks Bhai God Bless you, more awareness bring please
PNB MetLife, LIC, Tata AIA, HDFC Life, SBI Life 😅😂🤦
Sir, I can't thank you enough. In 2021 someone sold a ULIP to my father who didn't know anything about them. He was told it was an FD with higher interest rate by the bank employee. And I might not have ever known about it because earlier my parents didn't you used to involve me in financial decisions as they thought I was a kid. But luckily the bank employee sold that ULIP under my name. And as soon as I knew about that I simply asked for a cancellation/refund the next day itself, under the 15-day free-look period which many people don't know about
Did you receive your fund value which was invested in the market?
I'm 20 years old Male, self employed , I want to buy a pure term insurance plan of around 1-2cr but the guy calling from policy bazaar told me that if i don't have itr file return of last 3 years i cannot buy pure term insurance plan and instead forcing me to buy a combo plan (kind of ULIP) of much higher Premium which i don't want. What I'm i supposed to do please help. 🙏
As far as I know there is no such condition. If there is such a condition, then better invest for 3 yr (till u get 3 yr ITR) in stocks and then buy a Term Insurance
Hey
You can check directly with companies or on their portals. Companies do have conditions of checking employment so that they can ensure you pay premiums timely.
So a salary slip should be enough. Other factor could be that you are asking for a really high sum assured with a young age. Now companies do not want to write bad risks and hence to avoid anti selection against them they might deter some people from buying insurance.
Tomorrow I am going to buy the ulip and today I watched your video..,
Thanks LLA team ❤ for for guide us what to buy...what not.
Term insurance and mutual fund investment dono alag alag hi best hai...
I talked to an agent and he was convincing me for ULIP but then I had showed him these things and he said you had a great knowledge 😂 thanks LLA for these value Information....also I have question..can you please guide me should I go with one more term policy or should increase coverage in current one to increase my cover insurance?
Thanks for the video my friend has invested in lots of ULIPS and I am tired of telling him that it's a scam.
Sir please make video on pension plans. Retirement plans
Recently I agent call me to sell same , I did not recognized it as ulips, then Suddenly get LLA this video.. and I saved myself. This is what benefit of LLA subscribers 😊
Need a short or video on the last part, where one can save money in section 10(10)d. This should be interesting
Soo detailed video....
I don't think anyone will counter now, as they did on old videos 😂😂
You people are a gem... No one literally no one can educate us like you did....
two flaws in your logic:
Issue 1 shown at 06:20 - high premium due to late age - on age 30 you filled non-smoking lifestyle in premium checking but on age 38 you have selected smoker lifestyle.
Case 1 - non-smoker 30 years old male with 20L+ salary buying pure term insurance plan of 2 crore cover from iciciprulife needs to pay 19,924 rs yearly.
Case 2 - non-smoker 38 years old male with 20L+ salary buying pure term insurance plan of 2 crore cover from iciciprulife needs to pay 26,117 rs yearly.
Is 26,117 too bad? It is not bad because value of 19,924 after adjusting inflation of 7% in 8 years becomes 34,233 rs. Clearly premium is less in comparison to the inflation based price. so logic of premium being high due to delay of 2-3 years is flawed.
Issue 2 at 13:48 - Regarding the death benefit what you have explained is half truth and is applicable for ULIP buyers with entry age more than 50. If the entry age is less than 50 which is applicable for most people then we actually are supposed to get fund value + sum assured. In the policy document there are two charts with illustration of interest with 8% and 4%. In this chart death benefit is also shown which keeps increasing and shows sum value of sum assured + current fund value.
I am not sure if such policy is still present in market currently or whether other company also provide this. But a ULIP which I bought in 2018 has policy document confirms this:
Benefits available under the policy
1. Death Benefit
i. Insured event is death of the Life Assured during the term of the policy. ii. On the
death of the Life Assured during the term of the policy Death Benefit will be payable
to the nominee iii. On death of the Life Assured, provided monies are not in the
Discontinued Policy Fund (DP Fund), Death Benefit will be: In case of all Single
Pay policies and Limited Pay and Regular Pay policies for age at entry greater than
or equal to 50 years, Death Benefit = A or B or C whichever is highest Where, A =
Sum Assured including Top-up Sum Assured, if any B = Fund Value including Topup
Fund Value, if any C = Minimum Death Benefit In case of Limited Pay and
Regular Pay policies, for age at entry less than 50 years, Death Benefit = (A+B) or C
whichever is higher Where, A = Sum Assured including Top-up Sum Assured, if
any B = Fund Value including Top-up Fund Value, if any C = Minimum Death Benefit
iv. For the purpose of this product, Sum Assured is deemed to include the Top-up
Sum Assured, if any. v. Minimum Death Benefit will be 105% of the total premiums
paid including Top-up premiums, if any
1. At 38 i showed smoker because I couldn't show premiums with pre existing diseases. The point I made was- at 38 you are more likely to have a disease or a health condition/ habit, than you are at 30. I'm sure you can't deny premiums are expensive at 38 even if you are healthy, compared to 30.
2. Both ulips are present, I showed the other ulip too. And that one has premium allocation charges that are clearly shown in the illustrations. Maybe other ulips don't have this charge but the main point still remains valid-
Never mix insurance and investment. Premiums CANNOT be called SIP
@@LabourLawAdvisor Thanks for your reply. BTW, I didn't thank you enough earlier, barring few disagreeing points I highly subscribe to your ideas. Just 1 months back knew zero about term insurance, but I saw your playlist of term insurance and became very much enlightened on this topic. Thanks.
I now want to increase my expertise in Mutual Fund. I saw few MF related videos on your channel. Those gave me a high level idea, but I am really not sure how to compare different MFs from different companies, from where to buy one, which one to take, difference between SIP, ELSS, what are the scams to avoid in buying MFs, when to sell the MFs at the time of market boom etc. Could you please perhaps create a playlist for that as well.
Creation of financial videos is simple copy and pest but creation of such videos requires study, reaserch, hardwork, time and other things.
Thank you LLA
Bro..I want to thank you . Today your video saved me from getting trapped in to this ulip shit. This plan is bajaj capatil guarantee ulip plan with life insurance and zero tax on maturity amount . On top of that they are selling it from policy Bazaar.
LLA team leveraging AI rigorously 🙌
I think this is the best informative unbiased video i have ever seen from ur channel. I really appreciate the amount of work you put into this project. Thank u for saving many peoples money with correct information
Sir thank you so much for the video. Very informative.
can you make a detailed video on swp. Need a retirement investment (lumpsum-5-6lakhs )for my parents.(i was planning for ulip to give my parents monthly money but not anymore)
The evolution of Ulip(exposed) video by Mandeep sir , salute sir
Similar miss selling was done to my parents by Bajaj Allianz folks. Some policy (ULIP/traditional) were maturing/crossed the lockin period, they told her that my parents will not have to pay any premium which turned out the agents manipulated from the maturing/post lock in period policy. My parents were expecting to use the policy payout but ended up buying another policy from them and locking it again . I have been following you content from 2020 and thank you for creating the awareness. I told my parents not to sign any document but these agents are persuasive, kept visitng my parents place stating they need to verify the policy holders.
😡😡
the other problem with the free look up period for parents is they dont have email id (usually) and the physical policy documents are delivered post the 15day period, or the agent intentionaly skips adding it and tells them policy holder can update the email ID online later.
Thank you boss, you saved my 10 Lakh😂 Axis bank vale ne Max life ke naam se to laga hi Diya tha Choooooonaaaa.... Bichara 1 week se samza Raha tha. Mai to fasne vala hi tha, use Aapka video share kar diya😂😂😂❤
Hi Mandeep, I had purchased term insurance 5 years back when I was 24 and had taken premium according to my salary that time, Should I consider buying new term insurance for increasing the cover or get existing policy updated?
New term plan from different bank/agency is recommended.
High production value video like Johnny Harris. Great work for creating this video. I already watched the earlier video of the ULIP last year and it opened my father's eyes.
chalo sab log jaldi jaldi isko apne family group me daalo aur pados waale LIC uncle ko bhejo
Haha
Yesterday I surrender my lic after paying premium for 7 years after watching ur videos
RIP to those who invested in ULIP
8 year 20% CAGR
@@shouvikroy2320 I call bulls**t on that
Then rip to me
@@shouvikroy2320😂 aisa hota to Jhunjhunwala bhi ULIP me hi sab daalke rakhta
@@PlasticSquare to bhai tumko jhat ka knowledge bhi nehi hain😂
This video seems will be nightmare for those who mis-selling ULIP. Covered almost all hidden conditions. Thanks Mandeep & LLA for creating such bold video highlighting dirty inside of ULIP. After this video ULIP industry players will definitely feel shameful. 😂💐❤.
Really it's very informative and now all who are watching this are going to be jahruk janta good job mandeep👍👍
Your Lips, My Lips , Apocalypse, But Never ULIPs- Superb quote Mandeep on ur TShirt 😀
Kya informative video banaya he bhai 😮😮😮
ULIP ki aisi ki taise kar di 😂😂
I took Capital guarantee plan . Next day youtube suggested this video. next week I cancelled my plan in free lookup period. .
Thanks
Mujhe mutual fund me Invest karna tha toh me aise hi check kar raha tha only saal 2016 me toh galti se policy bazar me chack kar liya or apni details deti Inka itna call ayaa mene inhe kaha bhi us time ki mujhe SIP karni hai mutual fund me lekin inhone mujhe ULIP chipka diya us time toh jyada videos bhi nahi thi ULIP ke bare me jab mere investment me mujhe acha return nahi Mila tab pata chala yeh to ULIP hai tab Tak bahut investment ho gayi thi lekin rok bhi nahi sakte the because lock period bhi tha means jab tak ki ULIP hai tab Tak koi Paisa nahi nikal sakta me toh phas gaya aap mat phas Jana policy bazar ke chakar me call kar kar ke pareshan kar denge😅😅
Agar a se boy ap padhte ho toh us bewkufi ka ilaz kisi k pass nahi
Returns kitne aaye
Bhai bhai, hands down this video is downright helpful and jaagrut, and yeah finally I subscribed, I don't know why I didn't subscribe earlier well better late than never.
Mein bhi insurance agent hu. But Apne sahi bola hai
Just bought a ULIP fund, got saved watching this video. Thank you so much :)
😂😂😂😂 Superbly Done Thumbnail Kudos to the Editor
Thank u brother - i just took sometime to learn more about ULIP before a guy from PolicyBazaar pushes me to buy one.
Great job
I will be exiting my child ulip policy as a locking prriod ends
I have ULIP policy with Bharati Axa and it is doing well plus I am insured too. Government servants prefer it bcz it is tax saver under 80ccd. But overall if u want money at the end, mutual funds are better.
ULIP mein risk cover kam rehta hai jada paisa investment k liye jata. Issliye risk cover kam rehta hai ulip. It’s mainly for investment with small proportion for risk cover
Great video helping many indians to understand the Terms and conditions of ulip's ....Thankyou
Thank you so much for saving my hard earned money. I was just going into it for tax savings but overall, when I compared, I found mutual fund to be more rewarding even after paying 10% long term capital gain tax.
जब जब ऐसी वीडियो देखता हूं तो मेरा खून खौल जाता हैं।
पर क्या करूँ 10 साल हो गया हैं premium भरते।
My name is Piyali. I am from Bengal. am 26 years old. sir. I think I did something wrong by get some lic plans. Those plans are 1) jeevan Shanti 858 (250000) for mother,2) jeevan labh. 936 for 25 years for me ,3) Bima Jyoti 860 for 15 years. All these plans I got on 21/11/2022 & 12/12/2022 .sir I don't no what to do , give me some suggestions sir what should I do. Now I am preparing for govt. Exams & kind of dependent on my mother,she gets 20000 rupees in a month. Sir please suggest me. Thank you sir for providing us such information through TH-cam and other courses. lot of respect and gratitude for LLA.🎉🙏
Dear LLA team. I really like your content. A kind request, can you make your videos in english? Because some of the viewers from south side are not very fluent in Hindi.
Just a humble request. Your content is very good.
Thank you.
Thank you to the team labour law advisor for clearing my doubts.
I do have a HDFC ULIP plan, I have purchased it 5 Years back. I have all of my NAV's invested in opportunity fund from the beginning. Currently, I am getting the good returns almost 19%. Kindly suggest, if I need to continue with it or shall I discontinue it now.
Premium: 85K / Year.
Premium Payment Term : 15 Years( 10 More Years )
Total Invested Amt : 4.28 Lacs
Current Value : 7.3 Lacs
1) I do have term plans 2.5 Cr cover
2) SIP 23K / Month
bahut kuch sikhne ko mila. jo sayad zindagi bhar pata na chalta. thanks for it
Im in consultancy journey after watching ur videos ..i dont want to cheat anyone bcz people hard earned money goes means its so killing and im not able to handle that i may die in guilt ..rather i suggest what is good for them ..i love u sir ..keep doing such videos ..even if my company force me to sell ..i better resign the job ..
क्या भाई...पहली ही लाइन में दिल तोड़ दिया हम 😂एजेंट का फिर भी Love U
Very informative and to the point video. I also got call and mentioned same thing
Same thing happened with my father when he visited union bank of India, there was an agent of sud life (star union diachi) who mis guided my father and trapped my father and my father trusted him because he was seating in union bank of India so trusted him and signed all documents later in 2021 I came to know about the policy and when I enquired about the same policy then in 2021 my investment of 50,000 annually turned in 2,80,000 i.e. 2,50,000 invested and return of 30,000 in 5 years.
I opted ULIP 1.5L PA for 18 years . After paid 5 EMI 12500X5 i decided to stop it and splitting 12500/5 and decided to invest in Large cap and index fund 60% remin in Themetic and small cap fund
Focus on the tshit guys the editor is focusing on that "Never ULIP" clever people !! nice one appreciated !!
I got a call today for capital guarantee solution, I knew I had to come here to know the reality.
Great work man , really appreciate your efforts
Mandeep bhai, tum aur tumhari team mast kaam karta hai 🙏🏻🙏🏻
Link click karke toh help nahi karskta kyuki phele hi policy le li hai, par ye comment zaruri hai aaj ❤
Brilliant . Thank you for making us aware of these scams. As for common people it is next to impossible to read the policy document and make any sense out of it.
I love the graphics of tshirt 😁
Thank you मनदीप SIR आज ये वीडियो देख के समझ मैं आ गाया की मेरे FATHER को कितना चूना लगाया गाया है आप को बहुत बहुत धन्यवाद्
27:28 T-shirt is OP 🤯💣
Mandeep I have subscribed to your chanel and I must say that you both provide vital information. As a lay person I am sure many of us fall into such traps. I would really appreciate if you all could cover a topic wherein one would understand the process claiming Mutual Funds, Shares, transfer of property for a person who's parents had no nomination.
thank you, i am adding this to our list of research, might take some time because unfortunately this process is very poor and tedious
Really really informational. I am trying to tell my frds and relatives about it long ago, now I got a perfect and researched content to demonstrate. Great work guys❤
Thanks a lot for sharing these insights. I saved my money after watching your video, which I was going to invest in ULIPs. At first they said there are not much charges, but after watching your videos I went to the branch and asked for these charge then they said ki "haan sir ye to lagta hi h :)"