Term Insurance : Ultimate Guide for Beginners 2024 | Ditto Insurance

Welcome to Ditto's ultimate guide to Term Insurance for 2024! In this video, Shashank and Sushant break down everything you need to know about term insurance in a simple and easy-to-understand way. Whether you're new to the concept or just looking to brush up on the basics, this video has got you covered!
To know more or find the best term insurance plan for yourself, talk to our advisors at Ditto Insurance: ditto.sh/wx85ql
Please find the link to the article on Ditto's website: ditto.sh/5uyu6e
What's discussed:
1. What's a Term Insurance? - Understanding the fundamentals of term insurance.
2. Why Should You Get Term Insurance? - The importance and benefits of having a term insurance policy.
3. What are Premiums? - Breaking down how premiums work and what you need to know.
4. What is the Right Coverage for You? - Tips on determining the right amount of coverage based on your needs.
5. Checklist to Buy Term Insurance - A handy checklist to help you make an informed decision.
6. Exploring Riders - An overview of riders and how they can enhance your policy.
7. SECRET Tips When Choosing an Insurance Company - Insider tips to help you choose the best insurance company for your needs.
Don't forget to like, comment, and subscribe for more insightful videos on insurance and personal finance. Stay informed, stay secure with Ditto Insurance!
0:00 - Introduction
1:14 - What is Term Insurance?
2:28 - Simplifying Term Insurance
2:54 - Why should someone get a term insurance?
4:05 - How premiums work?
4:26 - Factors that decide your premiums.
6:15 - Premiums for Smokers
7:35 - Checklist to consider when getting a term insurance
8:41 - Riders and add-ons
9:30 - Ideal Term Coverage
11:18 - Busting a common insurance myth
12:20 - More on riders
13:50 - How to choose to the best Insurer for you?
14:59 - Metrics - CSR, ASR, ACV
16:07 - Rapid Fire Round
17:03 - Conclusion
17:16 - Why choose Ditto?

[@dittoinsurance]

To know more or find the best term insurance plan for yourself, talk to our advisors at Ditto Insurance: ditto.sh/wx85ql

[@shakkirkunhammed7276]

Yesterday one of the ditto insurance advisor called me and they gave me the whole picture of health insurance, I can clearly say they gonna disrupt Indian insurance market, with their customer centric approach.

[@dittoinsurance]

Thank you so much :)

[@harshithaponnappa1662]

This video cleared the air around insurance! Thanks guys!

[@dittoinsurance]

So glad you liked the video :) thank you

[@NameIsSandeep]

Awesome 🎉

[@sanghviprachi]

would be nice to see a video on recent changes laid down by the IRDAI

[@dittoinsurance]

We will definitely cover this

[@harshilshah9628]

could you mention what are these changes about ?

[@thyrajohn5988]

Amazing video! Loved it!

[@dittoinsurance]

Thank you

[@jamesjohn772]

An engaging and information-rich content on a complex topic like Insurance after a long time! No gimmicks & straight to the point! You earned a sub :)
And also, I’m a strict no-pineapple-on-my-pizza man myself haha! 😃👍

[@dittoinsurance]

Thank you so much for the sub :) Means a lot this

[@ParthPuranik]

Great Video!

[@dittoinsurance]

Thank you so much :)

[@user-ss8ni7wy2r]

There are lot of videos on Term Plan from the consumer point of view and to educate them, but did not find a single video from the the company's or underwriter's POV.
I would request Ditto to pls cover the aspects of term life from the insurer's POV so that it give a better clarity as to how to they process the claim, on what basis they reject the prposals, etc.
Hope that makes sense

[@dittoinsurance]

Will consider doing a video on this soon. Thanks

[@startamil8344]

Excellent

[@dittoinsurance]

Thank you :)

[@sathishr2791]

Kindly make video on which companies providing premium loading and which don't? Which do premium loading on renewal years too?

[@dittoinsurance]

Will do. Thanks

[@kunal05_]

Have you stopped being partner with Niva Bupa? A ditto consultant denied helping with getting a Niva Bupa policy and asked to buy directly from insurer.

[@dittoinsurance]

This shouldn’t have happened. While we don’t actively recommend Niva Bupa policies anymore, we still support buying their policies through Ditto. We will get this checked. Please leave an email about this on [e-mail]

[@MrPratitb]

term insurance video 101

[@soumyapratikroy6032]

Why is term insurance dependent on income? Why not like health insurance? If I am ready to pay an extra premium for more coverage why don't they give that opportunity to us?

[@dittoinsurance]

Term Insurance unlike health insurance does take into account the annual fixed component of the income to decide the eligibility because we need to understand that a term insurance is a commitment for next 30-35 years. So for the company to understand the earning capacity of the individual, they would need to understand the source of income as well. Unlike in health insurance where we keep renewing the policy and premiums differ, term insurance premiums are fixated thus it is important to understand the income situation as well and whether is it recurring or not.
The companies don't give that option to us is because we might be in a favourable position to pay an extra premium now but it cannot be predicted for how long would that continue and since this is a long term commitment, it is best for both parties to go ahead with income eligibility criteria

[@BUY_YOUTUB_VIEWS.1358]

More videos to come?

[@dittoinsurance]

Yes. Thanks for the support :)