The Ultimate Guide to Buying Term Insurance Cover in India (2023) | Zero-Cost Plans
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2024
- In this video, we provide you with essential information and advice on purchasing term insurance coverage in India, with a special focus on zero-cost plans.
Term insurance plays a crucial role in securing the financial future of your loved ones in case of unforeseen circumstances. However, the insurance landscape can be complex and overwhelming, with a multitude of options available.
Throughout the video, we break down key aspects of term insurance, including coverage amount, policy duration, premium calculations, and the calculation of insurance coverage by Annual income. We also delve into the benefits and considerations of zero-cost plans, which have gained popularity in recent times.
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00:00 - Introduction
01:39 - Importance of Life insurance
03:40 - What is Term-life insurance
04:39 - Practical calculation for Term-Insurance duration
06:39 - Save money on insurance premiums with this
08:05 - How much insurance coverage do you need
09:57 - Calculation of insurance coverage by Annual income
12:09 - Get spam-free Term insurance advice here
13:41 - Truth about Zero-Cost term plans
17:20 - Conclusion
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Sry for dislike i did it on purpose to gain attention for my problem I'm 21 and single earning member and i want higher cover insurance like 1cr+... i can pay the premiums now because on young age term insurance premium costs low but i can't due to my income slab they doesn't offer us for higher coverage but how can i , If i choose further old age time like 30 then premium will increase compare to young and also what if i'm not alive to take a good one my family can't be stable with financial problems so please a suggestion for this, I'm researching on this but haven't proper solution even i commented on yours and lla's inssurance videos no response please help the young one
@@Shajahan6take increasing insurance cover which increases 5% or 10% every year.
First year 50 lakh
Second years 5%,10% increase
50+5 lakh
Ya
50+10 lakh
@@KRISHANKUMAR-kh8ci but increasing inssurance ka perfect company hi nhi
You can choose another term insurance or You can choose Postal LIC (Max cover -50 lakhs)
Mast re baba
My father had a term life insurance and he paid premiums for 8-9 years but god knows why he stopped paying and the plan diluted in 2010. In 2012 we lost him due to heart attack and the days that followed were beyond horrific. I have seen my family struggle to make ends meet on days. My housewife mom single handedly bore all the expenses, started working in a day care with 15k salary, pawned all her jewellery, sold our 3bhk for a 1 bhk and somehow educated us, we were in 10th and 7th standard at that time. We both are graduates and working professionals now and the first thing in my bucket list was a term life insurance. Now looking for a good term plan for my younger sister.
I urge every sensible person out there, pls have a term insurance specially for the loved ones you'll leave behind 🙏
Thanks for sharing.. 😢🙏🏼
Next topic: health insurance
Kaise karte dekha Dil se bhi acha hoga❤
100% 10 out of 10
Yes Sir
Next of next topic: health insurance for elders
Already covered
10/10⭐
Next : Please make a video on health insurance, and add the point that upto certain amount we can manage by our own. For example upto 2lakhs or 5 lakhs we don't need the insurance, only above 5 lakhs we need the health insurance.
8/10⭐
Suggestion: Whenever you're making a long video like 20 minutes long please give a summery at the end with your suggestion. Like in this video it should be
1. Why Term Insurance: Life has a value & your family depends on that value, so it deservs an insurance
2. Who needs it: Only earning member of the family
3. Cover till age: 70-72 (Don't choose whole life)
4. Life cover: 20x of yearly income
5. Return of premium: Never choose plans with any returns
Hello Pranjal sir .... I am watching your videos since near about past six months .
I'm actually a science student and really have a very little knowledge regarding finance.... But by watching your vedios I think I'm learning a lot... And specifically I liked your this vedio very much because you explained everything soo deeply and clearly.... I Hope you will keep providing finance knowledge with the same depth in your upcoming vedios.... I would like to rate this vedio 10/10 ... Great work sir... You are really helping a lot of people through your TH-cam channel... I love your Channel sir... 👏🏻👏🏻
I am your ardent fan pranjal. However just wanted to let you know the two videos made by Mandeep recently from LLA regarding term insuarance were gem. He dig deep into the crux of term insuarance also in its bits and bobs. Love and respect to both of you whatever you guys are doing for the community.
Totally agreed, Mandeep LLA video was much better
Can you please share the link
आप को देखकर मुझे मेरे कॉलेज के जमाने का प्रोफेसर याद आ जाते है , वो विषय को बहुत ही सरलतम भाषा में समझाते थे । आप भी उतने ही सरलतम तरीके से सभी बातों को समझाया, इसके लिए आपको बहुत बहुत धन्यवाद और बधाई। नंबर आप को 9/10 । 1 नम्बर आगे के और बेहतरीन प्रयास के लिए रखा ।😊
10/10 perfect 👍
Learned about actual meaning of term insurance 😅😅 even though I have it
And the facts about whole life and zero tax 😮
Hi Pranjal. Can you please make a vdo on pension plans for young investors, with 2 types of premium options - single and regular. Thanks.
9/10⭐ Pranjal ji please make a vedio on life insurance companies which are the best and what points we need to consider before buying on basis of salary 5-10-15-20 Lacs thanks in advance ❤
I really want a term insurance policy but I was confused but after watching this video I am really happy and now I will take decision for for taking term insurance policy
Thank you so much
10/10
10/10👍
Itni saaf bhasha me samjha ne ke liye Thank you sir
One request to you, please just like fundamental analysis ( curfue class), also make a vedio on technical analysis......for intraday, f&O, future trading..etc..
10/10 for this video
I think u should make a video on another important part of term insurance that is claim process. What points and precautions should be taken while taking term insurance so that claim would not be rejected.
Brother you are amazing. You are one of those people I wish to be mentored by financial for anything.
10/10 you are the best! You make things so simple to understand . Thanks a lot .
Your Marks : 8/10
Info. Was really good no doubt
It would have been better, if :
1) Told about the extra Top-ups
2) made it practically by suggesing policies via comparisons while highlighting the good and bad points at the same time.
Hello Pranjal Kamra,
I have been following your channel and website(s) since covid. I always find your advice on all financial matters sensible and without bias. Even when you advocate insurance products it seems logical but I have an inherent suspicion of insurance companies and the tactics they play even during simple medical claims less that 1 lakh. Another factor is that I do not believe my spouse or parents shall be able to take claim from these players if the situation arises. Hence I choose to stay away from the insurance products.
What can you suggest that alleviates the situation of mistrust?
Watched your 3yrs old video also...and it was much more informative ❤
9/10
Please also help us by mentioning points which we should take into consideration while comparing different term insurance policies
8/10
as i think getting term,life insurance is easy nowadays but getting it claimed is difficult so please suggest what points and precautions be taken while taking insurance so that claim wouldn't be rejected
read mint your money u will get your ans
10/10 hats off. U really changed the view point. Genuinly 100%
8/10 .
Critical illness rider of atleast 5 lakhs, accident disability rider (permanent and temporary, full and partial), terminal illness rider(100 percent payout)- according to me these three are a must in term insurance policy.
Waiver of premium on diagnosis of disability, critical illness should also be present.
Few of the above points were mentioned in the previous videos but not all of them.
Also , should we pay lumpsum or yearly or limited pay?
What is the waiting period, why is it important?
What happens in case of policy lapse?
You told that zero cost have higher premiums,how much approximately per month is it higher?
What is Solvency ratio?How is it important?
You have already spoken about claim settlement and amount settlement ratios in previous videos.
What is increasing payout? Should we opt for it?Or choose a higher cover initially?
Life stage benefit?
Top up?
Total complaints per 1000 claims?How is it important?
What is survival period in critical Illness?
Who or when should one consider taking another term insurance plan?
There's upto 50 percent less premium in limited pay option?Should we go for it?
Should one take personal accident insurance separately instead of adding it as a rider in life insurance?
What is postal LIC ?What are it's advantages and disadvantages compared to private term insurance plans?Ditto vs policy bazaar where to buy term insurance?
Please consider these points when making the next videos about life insurance.Thank you 😊
Sir Intraday trading ka full Course Lao please ❤❤
😂😂😂😂😂 Nice joke. Bande ko Tum samjhe nahi iska matlab.
7/10 ⭐
Kaunse company ka insurance lein ki zyaada magaz maari naa karni pade settlement ke liye yeh nahi btaaya. Duniya bhar ki T&C naa ho. Mishapenning par easily parents jo zyaada pade likhe nahi hai settlement krwaa paaein
10 of 10 your the best information provided to all new and old investors..☺️
You are too good.I will buy term insurance now.I was confused earlier but now I have some basic knowledge.
10/10 perfect 👍
Learned about the actual meaning of term insurance and about zero cost insurance the actual meaning
10/10 perfect knowledge , thanks pranjal bhai
Appointment confirm ho gayi thank you for your valuable information about insurance 🙏 God bless you sir
This video was 10 out of 10 for basics of insurance. Should make another for detailed of different insurance policies and terms
8/10 for this video. Few improvements in such videos would be sharing your own pick and comparing details such as riders. Overall, it's great content.
Great knowledge bro
I have a suggestion for you
If you agree, then spread your view in a running animations or slide may be batter for more & mutch understanding 🙏
10/10
Very nice information sir ji as always, keep teaching us, thanks a ton 🙂😊
Good morning sir aap se zero cost ka Matlab bilkul clear ho gya very very thanks
I want to suggest something about Finology Recipe.Option should be provided to set expected return per year.I want it to be around 10 percent as a margin of safety.Its showing just 12.4 percent and calculating returns based on that.What if i don't get 12 percent returns?
One more thing - I want to buy a car in 3 years, calculator is still using 12.4 percent return which migh not be possible in 3 years time.
Please look into this as people who use this, might suffer some serious problems in their future especially when planning for goals within 5-7 year period.
Hope you will look into this matter.Thank you 😊
Health Insurance pe bhi banao video
1) clause
2) sub limit
3) term & condition
Great informative video.
I just have a few questions. I am under 25 and not married yet and I don't have any dependents. Do I need to take insurance?
And if I take a term life insurance for lets say 30 years, what happens after that? Do I get back the amount I paid after the term is over?
One of best Video❤
10/10*
Health Insurance ka upper ek video ho jai sir
After watching your video.
I buy a term plan from Bajaj etouch thank you so much sir for your guidance and sharing&why term plan is necessary.
10 on 10 he work very hard for us ❤ and also there is no ego or attitude ❤.
you always explain everything very easily. Thank you sir.
Sir, pls make a video on health insurance. There are many kinds of insurance regarding health as like self, couple, family, pregnancy or maternity but which one should be better for us & how do we take a insurance . Moreover what are the criteria that we have to follow.
10/10
Make your next video on health insurance. Add everything one must know about it!!
Thank You Sir for this great guidance 🙏☺️
thank u sir.I got clue too choose life insurance this video is vry valuable for me.thank for video sir
Sir 10/10 . Not only this video but also all videos 10/10. If I were Power then I should rate your videos 200/100😊
Nice video , one question : can only nominees / dependants will be covered under the plan , can we later change the dependants after a few years without surrendering the plan ?
Very nice video all dout r clear
Thanx bro for this video
How to decide the ceiling of the insurance amount if you are not married? And how to ensure the term insurance that mitigates inflation risk instead of just focusing on figures like 1cr or 2cr coverage
Thanks for making this video. It was really wonderful.
Very good and helpful video sir
Sir one question jo AP isme nahi bataye kucch policy Wale bolte hai 15 sal tak jama Karo uske bad aap 70 salon ke liye free ho jao to wo sahi rahega ya phir continue har mahine jama karte rahe
All Time 10/10 Thank You Pranjal Sir 🌸
Hi Pranjal, can you please guide us over new hot term in the market which is insurance + investment...example - one from HDFC
Thanks Pankaj
Very Knowledgeable video
Sir apka koi jabab nahi
Aap lajabab ho sir ❤ se thankyou
10/10⭐ Perfect video for term insurance.
All right sir in rural area are not aware of it.10/10
What about Cancer cover, Accidental disability and critical illness... Shouldn't we include these add-ons with term life plan or with health insurance?
11/10 great sir mind-blowing information in one video
Very useful information sir always 10/10 love you sir you are really great
Sir, I have taken Child plan from ABSLI - non linked non participating plan for my daughter.
Can you please evaluate this policy and guide me whether to continue?
Pranjal sir maine apki video dekh k finally ye week m maxlife ka liya h par usme house wife option opt kiya h kya sahi h
Very informative video genuinely I can give 8/10 rating to the video
9.5/10… got the 0.5 cz I was expecting clarity on things add-ons like accidental cover, disability riders as well
10/10⭐ इतनी जबरदस्त जानकारी कहीं और नहीं
Informative !! Plz include details around Riders to be opted
100% amazing and informative video ❤
Sir 10/10
Sir please make video on health insurance also.
Sir I am very clear now after viewing your video
Thank you Sir for making this video.. 🙏
Very nice. Thanks for a valuable video.
9/10.. it would have been rated as 10/10 if some term plan recommendations were there. But overall very helpful content..
Great sir, you are bringing revolution...
Nice video , please make a series on term life insurance covering everything about it
Please make a similar and comparison video of health insurance as it is more complicated in nature than term insurance
Very informative. 10 on 10 points.
Best video on youtube for understanding insurance
Hey Pranjal, I bought a HDFC health insurance for myself one year ago. This year I have paid premium 40 days before the renewal date.Then the issued the renewed insurance but later they refunded the money and cancelled the policy. They refunded the money after the renewal date is over. So I can't repay the renewal amount and my policy is cancelled.They haven't shown any specific reason for cancellation/refund, moreover I haven't had any claim in the last year. What to do now? If I have to purchase a new health insurance, what's the best company with suitable plan?
Bahut helpful video
Thank you sir
Sir aap jankari bahut achhi dete hai 🎁
10/10
Excellent covered this video
10/10. Thanks for the explanation
Portfolio management pe banao yaar....love your content
Soon going to buy term insurance, and wating for health insurance video
Nice video but should also share best plans in today's market.
7/1
Please suggest if I need 2cr cover then shall I take one policy or two policies of 1cr from different insurance companies?
Thank you pranjal sir for this help
Good Morning Prabjalji.
What will happen if insurance agent expires or any bad happens with insurance company.Please make Video .
Please make a video on health insurance as well. which company is best to buy health insurance from!
Valuable Content. Health insurance pe bhi detailed video bnaye 🙏
Hello pranjal sir kya hum log apne Paytm ,gpay ke coupon sell kar sakte hai.
Sir, please make a detailed video on the topic , "how to do intra day stock trading with 9 to 5 job and when to quit job after getting good hand in intra day trading"
10 out of 10. Very very informative
Very detailed. Great video
9/10....thank u sir ....plz make a nice video on Health insurance
Very informative video, 10 out of 10 foe this video👍
Thanks sir for the valuable information
10 points brother very good information
Which term insurance plan will be right for the defense force? Sir plz rply