Term Insurance - bit.ly/term-life-insurance-compare Health Insurance - bit.ly/health-insurance-plan-compare Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.
You are an eye opener to the whole population, i tried finding in whole internet . A day before this video posted- I did my term insurance. Luckily i was correct. Ur previous videos has truly levelled up my knowledge 😊
I think you are bringing a revolution for young generation because of which our financial sense is growing to new heights. This is such an excellent summary on the topic. Thank You sir !!
Bahut hi acchi Jankari Di Sar aapane jitni Tarif Karun utani Hi Kam Sar Mujhe aapke Sare ke sare video bahut hi Acche Lagte Hain Sar aur main jyadatar aapke hi video dekhta hun aur invest bhi aapki video Se Hi Sikh Le Karke karta hun
Sir, apki es vedio se kafi help mili h ki kis type ka plan le sake. Aap se request hai ki aap health insurance k regarding bhi ek aisi hi vedio banaye....🙏🙏
I have 3-4 LIC endowment plans costing almost 75k per year. I've been paying from 2019 so its been almost 3 years Should i stop it & shift to term insurance ??? Which term insurance company should i go for ?? LIC term plans are costing me around 22k per year for 1 cr. For 25 years should i take it or i need to go after private companies plans ??? Please suggest me !!🙏🙏🙏
As per my idea, stop endowment plan (paid up). And take term plan. Please search top term plan in you tube. Watch atleast 6-8 videos before conclusion.
Qualifications required for term insurance 1) most companies require graduation 2) income above 5 lakh per annum, atleast above 10lakh per annum if not graduate 3) Annual income here refers to income other than bank interests, rents. CORRECT ME IF I AM WRONG
Hi sir aapne proper information de di hai uske liye thank you 🙏🏻 Future main muze term insurance Lena ho to konse company best hai Jo mera insurance after death settle karke degi ??best company bataiye
All products have their own importance in any life. Term insurance and Health Insurance are basic investment and cannot be compared with investment instruments . Rest one should always have Mixed basket with balanced SIP Endowment , NPS, PPF .. investing in Equity markets just because of more than 16% returns is just overrated. One should also have endowments to mitigate risk involved in Equity
But main issue is rejection of insurance claims. Insurance companies are rejecting mainly term insurance claims. See the IRDAI report of last year HDFC claim settlement ratio is around 99% but when you see the amount settlement ratio, it's below 90%, it's very bad..... What. Is the solution of this issue ?
Maine 85 saal ka cover liya just for 1 crore. 20 saal tak har saal 30,000₹ pay krne hai. That meams total 6 lakh pay karunga aur marne ke bad 1 crore milenge. Reason simple hai ki mai utna to jeene nahi wala. That meams me kabhi bhi marunga to meri family ko 1 crore mil jayenge aur unki zindagi sukh ke sath niklegi. Muje to ye mere bachcho ke liye best investment laga. 6 lakh k investment me 1 crore return 😊
For 1 cr amount term plan should we think claim settlemaint ratio, because in market there are many companies who gives cheaper premium for me @35 year old & for 70 year age. So which one should i select? Low premium or top companies with high premium?
Reputed company se Lena hi achha hoga...like IDFC,HDFC,LIC,MAXLIFE etc. And Mera hisab se off line Lena hi achha hoga..for claim. And age 80 years Tak lene se claim pane ka probability achha hoga!
Is accidental rider beneficial? Because if u buying a term plan, u r buying life insurance which will cover ur life , doesn’t matter how u pass away? Correct me if I’m wrong pls
Sir maine 12th dec ko Pnbmetlife ka term insurance liya hu aur aj medical vi ho gaya hai.. company thik hai ? mera education aur salary par Pnbmetlife mil raha tha. kuch boliye about Pnbmetlife..
Also while purchasing term plan everyone should consider MWP act. It should be signed. Otherwise family won't be able to get exact benefit you considered.
@@kiranhon7894 marriage women protection act... in which if you opted for term insurance and not signed mwp then any benefit amount which supposed to handover your spouce or nominee can be deducted by ongoing loans. So if mwp is signed all promised benefit will get to spouce.
However in the end, family should pay off the loans right? Whether with the claim settled amount or personal amount. How will the MWP act help the family? Please clarify.
Sir, Zero Cost Term Insurance is newly introduced by some insurance companies. Pl make a vdo on this. Whether it's worth or is it just endowment plan with a new name
बहुत अच्छी एवम उपयोगी जानकारी दिया । जो की काफी कैलुलेटेड था और लॉजिकल भी । पर आप के एक बात से बिल्कुल सहमत नही हूं की ऑनलाइन पॉलिसी लेने पर , ऑनलाइन एजेंट आप को सहयोग करते है । इस बारे में पॉलिसी बाजार के साथ मेरा बक्तिगत अनुभव बहुत बुरा रहा । किसी भी काम में उनका रवैया पूरी तरह असहयोग भरा रहा । मेरा आप से अनुरोध है , की आप जैसा प्रतिष्ठित सलाहकार उनको रिकमेंड करने से पहले विचार जरूर करे ।
Very nice video sir...Sir Mera 2022 jan me 38 age tha. So mene term insurance liya he up to 85 age..n limited pay select kiya he for 10 yrs so Mera premium yrly 60000 aata he to ye sahi he kya hdfc ka 1cr ka term insurance liya he mene.
instead of paying tax atleast for one year you can do what the OG said which is you can pay the entire premium of your term insurance in one go. Atleast this way you would have a term insurance with the money that you were already going to give to government.
@@thakurdeepanshsingh8989 Even agents also promote online LIC term plan (Plan No.954). Because now everywhere talk about only Term plan. And people are very well aware due to youtube Gyan.🙂
Me 8th std pass hoon to kya muze term insurance milega kya ? q ki muze bataya gaya he k isme minimum 10th 12th tak education kiya huaa chahiye please reply to me ☺️
@@GauravDhandhukia bhai sab documents and file banane me help lagti he isi liye online nahi agent se buy kartr he to phir agent se buy karne ka kya fayada sidha online he karo na buy
Sir 3 questions: 1) we check the claim settlement ratio at the time buying term plan? But it changes every year How is it effective in the long term view? 2) Can we change the term policy (e.g Now I am not drinking but after 5 years I may?) 3) can we change the insurance companies after our premium started, if can will premium change? Thank you sir 🌟
जानकारी के लिए अनेक अनेक धन्यवाद योगी जी🙏Best term life insurance batayiye Yogi ji?? 1 cr ke liye income bhi 5 lac chahiye, bajaj jaisi company hi 5 lac se kam income me 1 cr deti hai, aur koi company hai kya please bataye🙏🙏🙏
I think return of premium is good at the age of 60-70 if we are getting a corpus of 10-15 lac depending on premium amount paying addition of some money would be good
Can you please also create video on NRI Term Insurance, who will be called NRI, whether they are eligible or not for Term Insurance and if yes, what are the options?
Yes, NRIs are free to purchase term policies in India. They must check whether their chosen plan will provide the needed cover in their country of residence.
Sir, I think you missed tax benefits on insurance premiums and also it’s tax free returns. Could you consider these 2 when doing the comparison? Thanks
Sir, please help to understand. I already have term insurance. But wanted to buy additional cover with additional term. So at the time of claim will both term insurance companies will pay full amount. Thank you for help in advance.
@@sandeepbisht5382 Login bhi karte ho ya nai bhaiya? Maine bhi ek liya tha baar baar error araha tha, but tata aia ko mail kiya error ka toh unhone solve kiya fir. Ek baar aap bhi login karkey dekh lena
I bought my term insurance when I was 28 year old. I did not think it through and bought it for 32 years only. Is it possible for me to increase the duration by 20 years more.
You should have to consider gst on premium. Like on pure venilla term plan gst on premium is 18% whereas on money back plan gst is 4.5% (2.25% from second year onwards)
Types of insurance describe as under Term insurance plans A term policy is one of the most economical and preferred types of life insurance plans. It is a pure-protection plan because it only has a death benefit and not a maturity benefit. In case of the policyholder’s demise during the term of the term policy, the nominees will receive the sum assured. For term insurance, there is a standard 18% GST applicable on the premium payments. Endowment plans An endowment plan is a type of life insurance where there is both a death and a maturity benefit. This means the sum assured is paid in a lump sum either on the maturity of the insurance plan or in case of the policyholder’s demise. For endowment plans, the GST applicable is slightly different. For the first-year premium, there is a 4.50% life insurance GST rate. For the following years, there is a 2.25% GST rate applicable. Unit-Linked Insurance Plans (ULIPs) ULIPs are a little different from traditional life insurance products. They offer a policyholder an opportunity to grow their money through insurance. ULIPs are part insurance and part investment products. For ULIPs, too, the GST levied on the premium is 18%. The best part is that this GST rate covers both the fund management charges and the premium payments
Thank you so much Mukul ji, you are doing a great job. Request you to make a detailed video on GIFT DEED (Gift given to parents), there are no any content and clear information about this.
Hello sir me aapke har aek video dekhta hu but... Aap aek aeshi series banayyee .. Sector wise stock ko kaise analysis kra jayye?? Jaise ki... Banking sector Steel sector Pharm sector IT sector Etc
Hi Sir, I am still confused. Can you please answer my doubts? I am currently 25 yrs old and working. Currently the only liability I have is of home loan which could be covered under life insurance provided by my company. I know in coming 4-5 years I might have a family of my own which would be dependent on me. So 1. Should I buy Insurance right now or should I wait for 4-5 years? 2. When calculating the life cover (as you mentioned should be 20x), should I use my gross pay or net pay for this calculation? 3. If I should use my gross pay in calculating life cover, my cover is coming around 5cr and premium is coming around 4k-5k which I think is very high. 4. Is there a way I can topup my cover in future if required? Would that be a wise decision? 5. Whom should I prefer, company with great claim settlement ratio or amount settlement ratio?
Brother this kind of channel only promote matualfunds or shares to invest your money bcoz they get good revenue & good youngster viewers... I will suggest you to take jeevan Umang with term rider which gives u whole life increasing life cover in limited time premium paying term ... I m also in 25 so I suggest u ...
Take a term life of 2cr now and invest rest premium amount in mutual funds/PF/NPS. Your dependents don't need all the money at once if you die. 2cr by term rest 2cr by investment(compounding). Early you take term lesser the premium throughout. And take annual payment for lesser hassel.
Go for 1-2 crore sum assured... Also enable life stage benefit option Then you can easily take 50% increased sum assured (only after married- max 50L increased sum assured + initial) or 25% increased with any loan papers( max 25L will be increased) or 2 children ( 25L+25L) You only opted for max 50L increased. Otherwise you can add upto 50% of whole sum assured as a top up(one time possible only). This will be applicable after 1 year of your policy. you have to pay excess premium at initial rate + go for medical (like initially). Only Max life insurance has highest claim settlement ratio in the market 99.34%. but you have to compare.
@@sonarika5193 I am not an agent. But I already attended agent's course. So I know it. Insurance company always name it attractive and people fall into that trap. Always judge a policy with return percentage. All these money back policies give only 5-6 % return percentage. Watch below link
Sir, please suggest me i can buy a insurance of Tata in which they said to invest with EMI ₹ 2800/M for 10-12 years after that you can get 90% money back and your life cover will be upto 60yrs. At present I have term insurance of Pnb @564₹/month upto 60yrs, can i switch or not.
Further to your calculations of 1000 per month term insurance and 9000 per month in mutual fund, anyone can think that they will "waste" 1000 per month for 40 years i.e. a total of 480000 if they survive for 40 years. They can in stead start a PPF investment of 250 per month. With 7.1% rate of interest, in 40 years, invested amount will be 1 lakh and only returns will be 4.48 lakh. So, the money will not be 'wasted.'
It's simply wow AY ji... Whatever you have covered definitely it's too much beneficial for us.. Thank you very much 🙏 Efforts you have taken for making this video is deserve Hat's off..
Very Informative Mukulji... also, pls make video on How health insurance companies offering 1cr cover at almost same premium of 5Lack cover.. its really confusing as one would always go with option that offers more cover in same amount... much appreciated.
Term Insurance - bit.ly/term-life-insurance-compare
Health Insurance - bit.ly/health-insurance-plan-compare
Join All-In-One Video Finance App here: vidfin.com/
Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.
Sir Excellent Class 🙏 Hats Off God Bless You
Hi Asset Yogi For NRI which plan better it should be from India or from resident country ?
Excellent,
Thanks
@@DeepakSingh-zn2nlp
⁰⁰
वाआआआ सर जी ......बेस्ट इन्फॉर्मेशन .......इन्शुरन्स वाले तो गले मे कुछ भी लटकाके निकल जाते हें......धन्यवाद जी आप का
Thanks Amardeep
Pro tip: don't put your mobile number in policy bazar app. You will be instantly bombarded by sales agents.
Main to dusre ka dalta hu
Agreed
😂😂😂
You are an eye opener to the whole population, i tried finding in whole internet . A day before this video posted- I did my term insurance. Luckily i was correct. Ur previous videos has truly levelled up my knowledge 😊
Glad to hear Manisha
@@AssetYogi Sir mera ek sawal tha ki real estate main jv land agreement main developer ko kitna down payment karna parta hain ?
@JORDAN hdfclife
@@manisha7491u bought insurance through policy bazar?
konsi company ka term insurance liya ji aapne.plz share.i m confused.
I think you are bringing a revolution for young generation because of which our financial sense is growing to new heights. This is such an excellent summary on the topic. Thank You sir !!
Thanks for your kind word Ameya
You tube par app jaise knowledge, simple words mai , bahut kam log dete hai , Thank You so much
Thanks
Good job 👍
Aaj mera confusion door ho gya ye insurance policy ka .well done ✅ sir
Keep learning
Bahut hi acchi Jankari Di Sar aapane jitni Tarif Karun utani Hi Kam Sar Mujhe aapke Sare ke sare video bahut hi Acche Lagte Hain Sar aur main jyadatar aapke hi video dekhta hun aur invest bhi aapki video Se Hi Sikh Le Karke karta hun
Sir, apki es vedio se kafi help mili h ki kis type ka plan le sake. Aap se request hai ki aap health insurance k regarding bhi ek aisi hi vedio banaye....🙏🙏
Noted Ajeet
Please make a detailed video on top 5 health insurance policies which provide super top up of 45-50Lakhs
Guy right now I'm planning to term life insurance
Please recommend which one is best
kotak life insurance it's pure term insurance plan
Hdfc max tata ai
Maine max life insurance ka term plan liya hai( zero cost ). Kya usme health insurance add kar sakte hai ?
Your note of watch @1.5x is much appreciated. Thanks for saving our time. BTW the content was useful.
Glad to help
I have 3-4 LIC endowment plans costing almost 75k per year.
I've been paying from 2019 so its been almost 3 years
Should i stop it & shift to term insurance ???
Which term insurance company should i go for ??
LIC term plans are costing me around 22k per year for 1 cr. For 25 years should i take it or i need to go after private companies plans ???
Please suggest me !!🙏🙏🙏
From 30 Nov2022 LIC new tech term plan premium increased by 30-35% now it become too costly as compared to other companies.
As per my idea, stop endowment plan (paid up). And take term plan. Please search top term plan in you tube. Watch atleast 6-8 videos before conclusion.
Qualifications required for term insurance
1) most companies require graduation
2) income above 5 lakh per annum, atleast above 10lakh per annum if not graduate
3) Annual income here refers to income other than bank interests, rents.
CORRECT ME IF I AM WRONG
Same question, if any person salary is 25000, can he avail term insurance
@@pranavkulkarni3252 yes
@@pranavkulkarni3252 yes I have taken a term insurance with 28k salary.
bhai agar fake it bhare 5lkh ki to?
@@pranavkulkarni3252 presently no company provide any term insurance below 5 lakh income.
Hi sir aapne proper information de di hai uske liye thank you 🙏🏻
Future main muze term insurance Lena ho to konse company best hai Jo mera insurance after death settle karke degi ??best company bataiye
Contact an insurance advisor
All products have their own importance in any life. Term insurance and Health Insurance are basic investment and cannot be compared with investment instruments . Rest one should always have Mixed basket with balanced SIP Endowment , NPS, PPF .. investing in Equity markets just because of more than 16% returns is just overrated. One should also have endowments to mitigate risk involved in Equity
But main issue is rejection of insurance claims. Insurance companies are rejecting mainly term insurance claims. See the IRDAI report of last year HDFC claim settlement ratio is around 99% but when you see the amount settlement ratio, it's below 90%, it's very bad..... What. Is the solution of this issue ?
Superb, fantastic, combo of term insurance & mutual funds, except Lic & U lips, thanks yogi sahab.
Thanks
Maine 85 saal ka cover liya just for 1 crore. 20 saal tak har saal 30,000₹ pay krne hai. That meams total 6 lakh pay karunga aur marne ke bad 1 crore milenge. Reason simple hai ki mai utna to jeene nahi wala. That meams me kabhi bhi marunga to meri family ko 1 crore mil jayenge aur unki zindagi sukh ke sath niklegi.
Muje to ye mere bachcho ke liye best investment laga. 6 lakh k investment me 1 crore return 😊
Aap 85 sal ke bad bhi Jindal ho to kya fasi lagonge , gaya 6 lak , company ne no to 6 lak invest karke 1 cr banaya rehta he
For 1 cr amount term plan should we think claim settlemaint ratio, because in market there are many companies who gives cheaper premium for me @35 year old & for 70 year age. So which one should i select? Low premium or top companies with high premium?
Reputed company se Lena hi achha hoga...like IDFC,HDFC,LIC,MAXLIFE etc. And Mera hisab se off line Lena hi achha hoga..for claim. And age 80 years Tak lene se claim pane ka probability achha hoga!
@@Kumarpallabsarkar okay thanks
Kon. Si company sahi h term insurance k lie.....
can anyone tell me is ZERO COST TERM plan good?
Is accidental rider beneficial? Because if u buying a term plan, u r buying life insurance which will cover ur life , doesn’t matter how u pass away? Correct me if I’m wrong pls
Whoo superb !! you saved me seriously I'm about to buy an endowment policy today.agent forced me to do this.
Thanks
Can you please explain why cover should be “X” times of the annual income rather than annual spendings?
can anyone calculate/estimate spendings ?
Because your annual spendings should not be>than annual income
Sir maine 12th dec ko Pnbmetlife ka term insurance liya hu aur aj medical vi ho gaya hai.. company thik hai ? mera education aur salary par Pnbmetlife mil raha tha. kuch boliye about Pnbmetlife..
Hii bro medical me kya check karte h.
Plz reply bro
Also while purchasing term plan everyone should consider MWP act. It should be signed. Otherwise family won't be able to get exact benefit you considered.
What is MWP?
@@kiranhon7894 marriage women protection act... in which if you opted for term insurance and not signed mwp then any benefit amount which supposed to handover your spouce or nominee can be deducted by ongoing loans. So if mwp is signed all promised benefit will get to spouce.
Okay thanks, checking with the insurance company for this clause
However in the end, family should pay off the loans right? Whether with the claim settled amount or personal amount.
How will the MWP act help the family? Please clarify.
Noted. Its the receiver discretion how he/she wants to receive the money
Sir, Zero Cost Term Insurance is newly introduced by some insurance companies. Pl make a vdo on this.
Whether it's worth or is it just endowment plan with a new name
I like your personal finance videos.
God Bless you !
Thanks Brijesh
बहुत अच्छी एवम उपयोगी जानकारी दिया । जो की काफी कैलुलेटेड था और लॉजिकल भी । पर आप के एक बात से बिल्कुल सहमत नही हूं की ऑनलाइन पॉलिसी लेने पर , ऑनलाइन एजेंट आप को सहयोग करते है । इस बारे में पॉलिसी बाजार के साथ मेरा बक्तिगत अनुभव बहुत बुरा रहा । किसी भी काम में उनका रवैया पूरी तरह असहयोग भरा रहा ।
मेरा आप से अनुरोध है , की आप जैसा प्रतिष्ठित सलाहकार उनको रिकमेंड करने से पहले विचार जरूर करे ।
Very nicely explained 👍👍
Please make a video about taking Health Insurance policies.
Thanks
Very nice video sir...Sir Mera 2022 jan me 38 age tha. So mene term insurance liya he up to 85 age..n limited pay select kiya he for 10 yrs so Mera premium yrly 60000 aata he to ye sahi he kya hdfc ka 1cr ka term insurance liya he mene.
hi , i think we should buy team insurance without return of investment and we should take critical illness rider thanks sir 😀
instead of paying tax atleast for one year you can do what the OG said which is you can pay the entire premium of your term insurance in one go. Atleast this way you would have a term insurance with the money that you were already going to give to government.
Thanks for updating the truth of insurance sector. Term insurance is the best, premium is very less but coverage is highly appreciable. ❤
In all ratio LIC is best for Trem Plan(as per IRDA Report)...But Policybazar will not show LIC term plan.😀
Because LIC is dependent on offline agents thats why it may not available on many online portel.
@@thakurdeepanshsingh8989
Even agents also promote online LIC term plan (Plan No.954). Because now everywhere talk about only Term plan. And people are very well aware due to youtube Gyan.🙂
@@SachinMD_777 From 30 Nov2022 LIC new tech term plan (954) premium increased by 30-35% now it become too costly as compared to other companies.
Exactly
@@hemantkambli7278 true but jisko government backend chaiye wo lic hi prefer krega and in terms of CSR or ASR it's quite good 👍
Me 8th std pass hoon to kya muze term insurance milega kya ? q ki muze bataya gaya he k isme minimum 10th 12th tak education kiya huaa chahiye please reply to me ☺️
Online प्लान खरीदना जितना आसान है क्लैम करना उतना ही कठिन।
किसीको पता ही नहीं की क्लेम करने के लिए कहां जाए, कैसे करे।
Noted Gaurav
Correct everyone is giving gyan on how to buy, no info on claim process.
Online buy karo
Jab claim kara he to usi insurance company ka agent pakado aur usko 10k dena 1cr ka claim hoga to😂😂 q nahi help karega
@@shrikantdeshmukh7951 एजेंट का काम होता है बेचना, एजेंट क्लेम में मदद नहीं कर सकता, क्लेम के लिए सीनियर अधिकारी की जरूरत पड़ती है
@@GauravDhandhukia bhai sab documents and file banane me help lagti he isi liye online nahi agent se buy kartr he to phir agent se buy karne ka kya fayada sidha online he karo na buy
सर आप कम से कम सप्ताह में एक विडियो जरूर पोस्ट करें। जिससे कि आप के ज्ञान का हम लाभ ले सकें। तथा साथ ही आपकी प्यारी आवाज सुनने को मिल सके।,,
Thank you sir your video given me a lot of knowledge about stock Market and investing I will be always thankful to you 🤗
बहुत ही आसान और शानदार तरीके से समझाया आपने ।
👌👌👌👌
Thanks Binod
Can you please make video on health insurance for pre-existing mental illness?
Sir zero cost term insurance kaisa hai HDFC life ka?
Thanks for all the information. One question: Should both partner buy term insurance or one can buy term and another can buy premium return plan?
That depends. Both can buy the term insurance also, but its individual choice
Jai Shri Krishna Mukul sir as usual your videos are highly informative and to the point. Ramji aapka Kalyan kare.
Sir , best mediclaim pe bhi video banaye
Ek policy holder 2 term insurance different company se le sakta hai sir ji
Sir 3 questions: 1) we check the claim settlement ratio at the time buying term plan? But it changes every year How is it effective in the long term view?
2) Can we change the term policy (e.g Now I am not drinking but after 5 years I may?)
3) can we change the insurance companies after our premium started, if can will premium change?
Thank you sir 🌟
जानकारी के लिए अनेक अनेक धन्यवाद योगी जी🙏Best term life insurance batayiye Yogi ji??
1 cr ke liye income bhi 5 lac chahiye, bajaj jaisi company hi 5 lac se kam income me 1 cr deti hai, aur koi company hai kya please bataye🙏🙏🙏
I think return of premium is good at the age of 60-70 if we are getting a corpus of 10-15 lac depending on premium amount paying addition of some money would be good
Consider inflation into the picture....the value of 10-15 lacs will be wayyy less when u reach 60-70
well bro you need to improve your financial understanding.
Actually I am confused about taking insurance so please suggest me a good plan.
Very nicely explained. Thank you so much Mukul-G for your kind efforts and this detailed explanation.
keep watching Amol
सर
क्या term insurance का benefit हमे lumpsum (एक बार में) या Lumpsum + Monthly pay out (Certain) option लेना चाहिये ???
As per your convenience
Bahut badhiya jankari diya aap ne dhanywad
Thanks
Annual income = In-hand income or cTc..??
Can you please also create video on NRI Term Insurance, who will be called NRI, whether they are eligible or not for Term Insurance and if yes, what are the options?
Yes, NRIs are free to purchase term policies in India. They must check whether their chosen plan will provide the needed cover in their country of residence.
मै एक केंद्रीय कर्मचारी हूं। मेरा उम्र 25 साल है। मुझे कौन सा प्लान चुनना चाहिए? हेल्थ प्लान मे और टर्म प्लान मे????
Sir, I think you missed tax benefits on insurance premiums and also it’s tax free returns. Could you consider these 2 when doing the comparison? Thanks
Noted Jayan
It's not the case any more under the new tax regime.
Ab tax benifit kaha milne wali..Govt.sab khatam kar rahe hai..
Sometime i feel so lucky ki aap hame mil gaye aur hamari zindgi behtar banadi thanku so much sir for coming our life❤🙏🙏
Make a video on best health insurance. And how much cover we have to opt for.
Noted
Sir, please help to understand. I already have term insurance. But wanted to buy additional cover with additional term. So at the time of claim will both term insurance companies will pay full amount. Thank you for help in advance.
Most welcome Itachi
Very knowledgeable sir.
Thankyou very much.
Thanks
simple and to the point, thank you bhrata :)
Sir from which company have you got your term insurance?
Laxmi Chit Fund
Tata aia
@@sandeepbisht5382 Login bhi karte ho ya nai bhaiya?
Maine bhi ek liya tha baar baar error araha tha, but tata aia ko mail kiya error ka toh unhone solve kiya fir.
Ek baar aap bhi login karkey dekh lena
HDFC LIFE, LIC AND MAX LIFE INSURANCE IS BEST this Company providing high claims settlement
I bought my term insurance when I was 28 year old. I did not think it through and bought it for 32 years only. Is it possible for me to increase the duration by 20 years more.
You should have to consider gst on premium. Like on pure venilla term plan gst on premium is 18% whereas on money back plan gst is 4.5% (2.25% from second year onwards)
Good point 👍
Can u present us the calculation?
Types of insurance describe as under
Term insurance plans
A term policy is one of the most economical and preferred types of life insurance plans. It is a pure-protection plan because it only has a death benefit and not a maturity benefit. In case of the policyholder’s demise during the term of the term policy, the nominees will receive the sum assured. For term insurance, there is a standard 18% GST applicable on the premium payments.
Endowment plans
An endowment plan is a type of life insurance where there is both a death and a maturity benefit. This means the sum assured is paid in a lump sum either on the maturity of the insurance plan or in case of the policyholder’s demise. For endowment plans, the GST applicable is slightly different. For the first-year premium, there is a 4.50% life insurance GST rate. For the following years, there is a 2.25% GST rate applicable.
Unit-Linked Insurance Plans (ULIPs)
ULIPs are a little different from traditional life insurance products. They offer a policyholder an opportunity to grow their money through insurance. ULIPs are part insurance and part investment products. For ULIPs, too, the GST levied on the premium is 18%. The best part is that this GST rate covers both the fund management charges and the premium payments
Noted
@@samiganatra7894 No GST is levied on ULIP.
Mukul sir bahut sundar jankari hai
Thanks
Thank you so much Mukul ji, you are doing a great job. Request you to make a detailed video on GIFT DEED (Gift given to parents), there are no any content and clear information about this.
Thanks Anand
Sir LIC policy le li hai maine 35 years ki
Ab use surrender Krna hai
Kya ye shi rhega plz rply
Mukul keep posting good videos like this don't stop your good work!
I will Siraj
Hello sir me aapke har aek video dekhta hu but...
Aap aek aeshi series banayyee ..
Sector wise stock ko kaise analysis kra jayye??
Jaise ki...
Banking sector
Steel sector
Pharm sector
IT sector
Etc
Totally complete information about life insurance..Thank u sir
Glad to hear Prafull
I am 26 years old and want to buy a term plan of 1 to 2 crores but I also want return after the period is over can you suggest me any good plan
Hi Sir,
I am still confused. Can you please answer my doubts?
I am currently 25 yrs old and working. Currently the only liability I have is of home loan which could be covered under life insurance provided by my company. I know in coming 4-5 years I might have a family of my own which would be dependent on me. So
1. Should I buy Insurance right now or should I wait for 4-5 years?
2. When calculating the life cover (as you mentioned should be 20x), should I use my gross pay or net pay for this calculation?
3. If I should use my gross pay in calculating life cover, my cover is coming around 5cr and premium is coming around 4k-5k which I think is very high.
4. Is there a way I can topup my cover in future if required? Would that be a wise decision?
5. Whom should I prefer, company with great claim settlement ratio or amount settlement ratio?
Brother this kind of channel only promote matualfunds or shares to invest your money bcoz they get good revenue & good youngster viewers... I will suggest you to take jeevan Umang with term rider which gives u whole life increasing life cover in limited time premium paying term ...
I m also in 25 so I suggest u ...
Claim and Amount settlement ratio both are important factors for any plans. Higher priority should be given for Amount settlement ratio.
Take a term life of 2cr now and invest rest premium amount in mutual funds/PF/NPS.
Your dependents don't need all the money at once if you die. 2cr by term rest 2cr by investment(compounding).
Early you take term lesser the premium throughout. And take annual payment for lesser hassel.
Go for 1-2 crore sum assured...
Also enable life stage benefit option
Then you can easily take 50% increased sum assured (only after married- max 50L increased sum assured + initial) or 25% increased with any loan papers( max 25L will be increased) or 2 children ( 25L+25L)
You only opted for max 50L increased.
Otherwise you can add upto 50% of whole sum assured as a top up(one time possible only). This will be applicable after 1 year of your policy. you have to pay excess premium at initial rate + go for medical (like initially).
Only Max life insurance has highest claim settlement ratio in the market 99.34%. but you have to compare.
What happens if income discontinued after taking term insurance
Excellent presentation..what a deep analysis.. fabulous Sir💞
Thanks Parth
Sir, aapki sari video itni acchi aur important Hoti hai ki video Shuru hone se pahle hi Mai like , comment aur share kar deta hu ❤️😍👏
Good to know. Keep learning
What is 0 cost term insurance plan?
Do tata aia also provide 0 cost term insurance?
One of the best video on Insurance Policy, Salute to You Sir🙏
Thanks Srikant
Thankyou Assetyogi for guiding people for insurances 🙏
Thanks Ashish
Sir, should army person take these kind of term insurance or not please make a short video on it
Pls say about good education policy for kids
There is no policy. Companies name it for their business purpose.
@@savinantony5631 how are you so sure??? Wether u are an agent?
@@sonarika5193 I am not an agent. But I already attended agent's course. So I know it. Insurance company always name it attractive and people fall into that trap. Always judge a policy with return percentage. All these money back policies give only 5-6 % return percentage. Watch below link
@@savinantony1255 which link?
@@sonarika5193 seems to be they deleted it.
Sir, please suggest me i can buy a insurance of Tata in which they said to invest with EMI ₹ 2800/M for 10-12 years after that you can get 90% money back and your life cover will be upto 60yrs. At present I have term insurance of Pnb @564₹/month upto 60yrs, can i switch or not.
Very informative..thanks a lot.
Most welcome Rahul
Unbiased, nice explanation in easy to understand language. Thanks a lot...
Now i am convinced for term insurance, and will discontinue my 6 yrs old endowment policy... Thank you for this valuable educative vlogs🙏👍👍
Best of luck
Bina discontinue kare bhi term insurance lea ja sakta h.
I am investing every year 40,000 for ULIP plan and 100% amount is invested in share market
It is right decision or not??
Further to your calculations of 1000 per month term insurance and 9000 per month in mutual fund, anyone can think that they will "waste" 1000 per month for 40 years i.e. a total of 480000 if they survive for 40 years. They can in stead start a PPF investment of 250 per month. With 7.1% rate of interest, in 40 years, invested amount will be 1 lakh and only returns will be 4.48 lakh. So, the money will not be 'wasted.'
je mrgya fr sala fudu
But you won't get adequate insurance. That's the whole point.
Sir mera 27 years h mujhe 1 health plan Lena 15 lakhs ka. Health policy meh all cover hona sahiye knsa atcha hoga.
In case where both spouse are equally earning. Life insurance is not required.
Always reqd
@@sushmatolani2833 there is a hidden joke
Natural death per term insurance family ko milta hai kya
Very informative video sir… Thanks
Thanks Vishal
Sir Zero cost term plan k bare me bnayiye video or konsi company ka term plan best h
Thank you Mukul for sharing this valuable information.
Thanks
Sir, i am confused at the end of the video... Can't we take both term and health insurance?
Ideally, should have both
@@AssetYogi okay sir!
Knowledgeable ❣️
Thanks
Sir please suggest
Whether a Defence personnel (like army, police, bsf, cisf) can buy term insurance?
Yes Surendra
Too Good | Very well explained >>> Very informative👌
Thanks
It's simply wow AY ji... Whatever you have covered definitely it's too much beneficial for us.. Thank you very much 🙏 Efforts you have taken for making this video is deserve Hat's off..
Very Informative Mukulji... also, pls make video on How health insurance companies offering 1cr cover at almost same premium of 5Lack cover.. its really confusing as one would always go with option that offers more cover in same amount... much appreciated.
Noted Raj