😇How I selected Best Term Insurance for me? | कंपनी ने छुपाया, पर मुझे दिख गया
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- čas přidán 13. 06. 2024
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It is essential for the earning member of the family to have good term insurance that protects their family in case of contingencies. However, out of the 24 insurers in India, how do you make sure that the company you are taking the insurance from, will be able to not only survive the term but also be able to pass your claim at the time of need?
Chapters:
0:00 Term Insurance Truth
1:25 Money-Minded Mandeep
1:50 Term insurance vs Whole Life insurance
3:04 What is Term Insurance?
4:07 Term insurance vs ULIP
5:30 Step 1: Claim settlement ratio
6:25 Step 2: Amount settlement ratio
8:03 Step 3: Claim rejection ratio
8:41 Step 4: AUM
9:19 Step 5: Solvency ratio
10:00 Best term insurance?
11:02 Term insurance riders (add-ons)
12:34 Claim rejection ratio
13:46 Bonus Tip
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#LLA #termplan #insurance
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Can I buy LIC tech term plan for my wife (housewife) online ? Agent said no and answer can’t find on google. Pls reply.
If we today choose a company for insurance but in future let's say after 20yrs the company default so what will happen to our insurance and if it's loses then premium for new term insurance will be very high at that time. What is your view on this?
@@shaileshverma1933 Same question was arising in my mind, as I am having Aegon plan. Then after discussing it with one of my colleague who is having good authentic info. , she saidtold me that all the insurance policies are controlled by IRDA and it keeps track on solvency ratio of these companies every year ( I think it should be more than 1.5) and in case of any bankruptcy most of the times big players buy these small companies and IRDA helps in getting it done. No company can go off in an instant as they have to follow some norms of IRDA.
If anybody have some better information regarding this, then plz update me too.
@@manpreetsingh1 Even i am having Aegon Term insurance and i am yet to pay second installment in Dec 2020, so kindly suggest me whether i should drop it and move to TATA AIA or HDFC or LIC because till the second installment i can get my first installment refunded.
@@tubeuvisitor I think if u can move out, then you should. Lic is very expensive, go for big private players like HDFC, ICICI and TATA, that's it.
❌ Do Not opt choose Limited Pay or Return of Premium
0:00 Term insurance Truth
1:25 Money-Minded Mandeep
1:50 Term insurance vs Whole Life insurance
3:04 What is Term Insurance?
4:07 Term insurance vs ULIP
5:30 Step 1: Claim settlement ratio
6:25 Step 2: Amount settlement ratio
8:03 Step 3: Claim rejection ratio
8:41 Step 4: AUM
9:19 Step 5: Solvency ratio
10:00 Best term insurance?
11:02 Term insurance riders (add ons)
12:34 Claim rejection ratio
13:46 Bonus Tip
Health Insurance pe v ek video bana do bhai🖤🖤🖤
@krishna Govinda LIC.
Plan name LIC TECH TERM PLAN
Bike/Car insurance ke liye bhi video banaye....if possible..
Brother, thank you so much. I have started seeing your videos today onwards based on my CZcams videos Experience I can say proudly that finally I have subscribed India's best CZcams. You are doing fantastic job my friend. The way you share information, there is so much honesty in your voice and in your expression, it seems you have very clear intentions in your mind that you are doing this for society. Pls don't ever change your way of making these useful videos and of course you are speaking in hindi which is the main plus point. Wonderful my friend. God bless you.
Sir, please help me, My company is off and I have no link Epfo with Aadhaar. Sir how do I withdraw money from PF. Sir please help me. Sir I have the uan number. Sir, if I fill out any form, I will be able to withdraw the money. Please help me.
What I learned in last 3 years of my job, this guy has covered everything here! Great channel , keep it up.
Sir lic shi hai ya nhi
@@mannkaur5621 sahi hey . Buy term insurance only. At earliest possible age and for maximum possible term . With medical and if possible with
Critical illness rider ,accidental death benefit or ADB and ADDB or Accidental Disability and Death Benefit .
@@mannkaur5621 take tech term plan from lic, it's pure online, premium kam hai, agent ka paisa bhi bachega
Sir I am 45 yrs old after going through ur videos i am a bit confused because I want to obtain a medical insurance policy please guide me through
Loved the information he shared. But , I've always observed that he's always against LIC , even in this video , he should have also researched why LIC charges more premium, it's because of the Sovereign Gurantee by Central Government which is very important in case of Insurance because we've to consider a company's financial stability for next 30-40 years.
Honest and humble! Many thanks dear friend! Stay grounded and keep enlightening us!
This is great content Mandeep. Thanks for coming up with this one. It has given some insight and boost towards decision making while selecting a right term plan.
"Lalach nahi Logic use karna" - best words
I just wonder how much detailing this guy would have done for a 15 mins video. Dedication at its best. You guys are the next generation Indians who wants to grow without any shortcuts & of course with Honesty. God Bless
Sahi kaha.
marketing video cleverly showing one brand as the clear preference over so many other established brands like HDFC or LIC. If this video was non promotional the this utuber would have shown show each comany's benefits and cautions.
@@techcloud2510 hdfc.dosnt need marketing especially CZcams
बोहत बोहत शुक्रिया भाई...सही मायने में आप समाज सेवा कर रहे हो...👌👍💐💐💐
What I've done 5 yrs back for weeks before selecting one term insurance, you covered more than that in 15 mins & shared with everyone. Kudos Brother, keep it up !
Loved the information he shared. But , I've always observed that he's always against LIC , even in this video , he should have also researched why LIC charges more premium, it's because of the Sovereign Gurantee by Central Government which is very important in case of Insurance because we've to consider a company's financial stability for next 30-40 years.
@@akshaymundada830 hh heera
@@Devil_Shani what ?
Does this policy cover death due to any reason or is it only for natural death ?
So which insurance did you take atlast?
आप जैसे कुछ अच्छे लोग उन लोगो के लिए गुरू के समान है जो ख़ुद से कही ज्यादा अपने परिवार के बारे मे सोचते है🙏
Bhai Bahut Informative Video Bnaya Aapne.. Mehnat dilh rhi h aapki.. God Bless You & Keep it Up...
Simply wow, Mandeep! Thanks, just loved the crisp and clear content for a very important topic.
Kudos to team LLA. Really appreciate the way you are educating us. your videos have really brought my attention from stupid social media stuffs to knowledgeable investment videos.
Thanks!
One of the best video I have seen on insurance related videos. Not just worth watching but worth implementing in life. Good work! 👍
My god, dil khush kar diya yaar... Kitna sara research agar hume yu hi baithe baithe mil raha ho to bhaiyyon aur behno ye channel ko subscribe karo like karo comment karo share karo... Mujhe to personally ye video bahot ho jada accha laga aur mera bahot time bhi bachaya eska liye bahot bahot shukriya LabourLawAdvisor ka👍👍👍
I know this was posted a while ago but still want to thank you for this insight. Great efforts and dedication. Best wishes to you and the team for sharing such informative content helping us in decision making!
Amazing video, finally got all the answers. Thankyou so much
Just Awesome Mandeep. Keep up doing these great work. Ultimately the decisions are with the people to opt but you are bringing the fact to the table.
Mandeep u r the friend that everyone needs..... Ur honesty will give u big success.
Thanks for the lovely info, helped a lot. The Excel file you mentioned is not available anymore. TATA's CSR and ASR have reduced a lot as per IRDA's latest report. Can you please upgrade the video for BEST Term Insurance in India in 2023
Wondering what did we do as an audience to deserve this video? Why is this video not touching million views
Thanks sooo much ❤️❤️
Hoga hoga...👍
@Subham I will bet on 9/10...
True
It is still not reached to 1M people. Pity on youtube algo
Everyone should know this information....
It cleared a lot of confusion....
Thank you very much
This guy is just amazing ....15 min vedio for entire lifetime and beyond .Hats off man...keep up the good work.
Very informative as usual! And thanks for the Excel!!!
Hi, Thank you for explaining it in such a good way.
You might wanna update one of the headers in that spreadsheet. Instead of ASR, you have mistakenly typed in CSR.
Brilliant work - your hard work on the research is very evident. Thank you for your help. All the best 👍
Excellent video...lots of useful information explained in an easy way.
bhai kya proper vedio tha not a single doubts hat's of to u subscribed
Hi LLA, I had insurance experience, really appreciate you...the data you have collected is worth watching...Keep it up...
Excellent overview!! Just the right amount and level of information
Superb explanation brother, Hats off to you.
Crisp and usefull information. Seedhi baat no bakwaas. Keep it up. It helped a lot...
Bhai you r doing good public service keep it up.
Thank you for sharing such a detailed insights, much appreciated ❤️
Outstanding work Bro!!
Thank you so much for the information
Thanks for creating this video based on research and data. Amazing level of clarity as you explained various things. One of the best videos seen lately.
Been following your videos brother. The amount of dedication you guys put in is immense.
Proof- compiling data in EXCEL.
Keep it up.
Thanks brother i got to know this at right time, subscribed immediately 😊
Very good analysis, totally worth it, u deserve more recognition and appreciation brother.
If anyone here is confused about term insurance listen to this guy. He has done a great job of collecting all the information at one place.
Bro fully aligned, I did all these things .. reassuring 👍🏼
Do one for general insurance..?
खूप छान आणि महत्वाची माहिती दिली सर
You are the Man ! Absolute quality video with loads of information...
This guy is doing great job helping many people
Great Bhai,
How beautifully explaining about the term insurance.
U have done lot of efforts and explain to us very logically.
All are requested to follow his advise.
Thanks
It was really a wonderful video!! Great explanation 👌
Very informative. Helps in decision making. Thank you for sharing.
Man I am big fan of yours... U have so nicely accumulated all the critical information in this video
This is really an informative stuff, I loved this !!! Thank you so much for this info 😀😀😀😀🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
Thank u so much...u save lots of money...i was going to take these last two options and really ur full vedio is mind opening vedio... thank u so much ...for clearing our confusion
Thanks, Informative. N covered in short time
I love this man. Hats off sir. Really inspired by your videos. Gonna follow you for all my financial plannings. I was lacking at some points which you have clearly sort out.
This has really helped me making an informed decision. Thank you!
Absolutely smashing video Mandeep! Covered everything that I was looking for 👌👍
Excellent video sir....loved it....big Thankyouuu
Great research and knowledge shared. Thank you. I was also looking to get one.
Would have been better if u could have given some more detail on the 2 options provided with term insurance like limited pay and return of premium with some illustrations, but overall thanks for the info❤️🙏
पहली बार इतनी आसान भाषा मे समझ पाया। आपने हमारे लिए इतना अच्छा वीडियो बनाया बहुत बहुत शुक्रिया।
Thanks. This video should reach to all.
Loved the video Brother! In-depth analysis tha ye. I especially liked your comments on limited pay and return on maturity variants of plans. I did the calculation myself. I calculated the premium that I wouldn't pay for those types of plans and instead invest in MF....I will earn crores. But these insurers will just handover me back that 15k extra premium I would have paid which will be of very less value at that time due to inflation.
Thank you very much for sharing this detailed info. Much appreciated!
Personaly I trust u and yours information which u shear and v follows on urs path..
Bravo! What a video. An eye opener to rethink the decisions. Great content. Loved your presentation.
आपका शुक्रिया करने के लिये मेरे पास शब्द नहीं हे, बस परमेश्वर को प्रार्थना करुंग की, आपको लंबी आयु प्रदान करे👋👋👋👋👋
Hi Mandeep, great gratitude for all the research and knowledge you guys are offering. Financial literacy (especially for women) is not common at all. But thanks to people like you who are dedicated to transparency and awareness. Kudos !
Loved the information he shared. But , I've always observed that he's always against LIC , even in this video , he should have also researched why LIC charges more premium, it's because of the Sovereign Gurantee by Central Government which is very important in case of Insurance because we've to consider a company's financial stability for next 30-40 years.
His research is very much lopsided and biased. He needs to update his knowledge in finance and Economics.
Don't buy plans, get Protection / Security and think of the Purpose (Goal / Need).
@@akshaymundada830 uh the same Day installation of zwp.
@@kishankantkishankant3325 What?
Mast bhai..badeya explain keya 👍👍👍
Perfect description. Well described ❤️
Hi Mandeep, Appreciate your work, its simply fantastic. On a humble note there is one correction in your excel file (Sheet 1) Amount settlement ration has been mentioned as CSR it should be ASR. Thnx Keep up the good work. :)
hi kevin, Can you share the link of the excel. I can't see that in the description of the video. Please consider sharing
@@shashwatsingh4106
07:39
Right up corner
I noted the same when I opened the excel.
@@abhirajram pls cant find excel pls share in reply will be greatful
Can someone share the Excel please
As always fantastically explained video on term insurance by LLA Team but Sir please make another video on different different kinds of riders & how u should choose them in priority order for us young invester age between 26to30
Thank you so much sir apne mere sare doubt clear kr diye.....apki sari video bht hibuseful hoti hai.
Yaar ye video mene pehle kyu nahi dekhi. Kher koi baat nahi bahot Sara knowledge Mila and thanks to Mandeep Bhai itna simplify krne keliye .❤️
Hi Mandeep, really a great informative video. Lots and lots of thanks. Could you please compile the data for the year 19-20. This time the report has 242 pages..😰
Hi Mandeep, Great Video bro. You did a greater research and explained it very well. Kudos and Keep it up. Today is 29th Jan 2022 but IRDA report on your link is still of 2018-19. Any idea, when the next (Excel) report will be ready? Also, on Critical Illness Rider, I would like to say that it should be taken a separate policy becoz Term insurance will end at 65Y or at 75Y (depends upon what you choose) and at the same time Critical Illness Rider will be terminated at the same time. But Critical Illness Cover will be mostly required in older age as chances of getting any Critical Illness is higher in that age. Yeah agree that premium for stand alone policy for Critical Illness will be higher and keeps on increasing with age but still better to take as stand alone policy. Please mention whats you take on this. Your comments will be highly appreciated.
Thank you for updating the IRDA Data. Respect for keeping things up to date.
Thanks man...precise and exactly what I was looking for 😃
That was hell of a BONUS TIP.. Thanks Man Appreciate that
Which is better?
Thank you for educating us with facts ❤️
Awsm brooo!! Maza aa gaya batao! Sare doubts clear kardie, and fully educate kardia
Excellent you are doing great work And sharing evidence based information.
Just single word for u that u r excellent.
Hi Mandeep, your knowledge sharing way is an amazing. I had watched your video of how people get trapped in moneyback and endowment policies, I am one of those sadly. Last year I had purchased two money back policies of SBI life but after watching your video in which you surrended your father's policy, I just wanted to ask like if I should surrender it now or I should probably pay premium for atleast 2 years more and then select paid off option? I am asking this as I got an advice from policy bazaar representative that I opt paid off after 2 more years as it will give me atleast some profit.
please let me know your thoughts on it.
Saadho! This video is of great help for all Indians. I think all viewers should share this video with at least 1 person. Thanks a ton!
Kya baat hai bhai…
Very informative video.
Very informative video
LLA team always rocks. you guys give some real critical worthy information through your videos. Hats off to your research and hard work. Thank you guys
Sir we love & salute ur efforts......
Great explanation . Thank you very much.
Really this is very informative video...
Thank You 💖
You missed some points, in my opinion which are necessary:
1. Choosing limited pay option generally reduces the rider term as well, as all biggies provide rider coverage only upto premium payment terms
2. Terminal illness coverage is must apart from critical illness
3. Critical illness rider is not fixed for your lifetime. Company reviews the rates in a period of 5 years. But u r right that better add it with term plan rather than with health plan.
Amazing information. Very well executed. Please make a similar one on health insurance too
Detailed information...too good
THANK YOU for such an informative video. I understand the amount of work you have put in to research for this and are putting for continuously updating the Excel sheet. GOD bless you.
Hey, great work! I did not find the excelsheet of IRDAI amount settlement ration here in the description as mentioned by you in your video
Thanks a lot.... finally I got what I was asked and excepted from you. You runs the bestest channel on CZcams. I hope and request you to make a video on health insurance also & I know that is a very tiredy job to do.
Thanks again
I will suggest to buy a individual cover of every family members of attest 5 lakh and preferably 10 lakh of every family member and then buy a top up policy of 25 lakh on family floater basis that will be most affordable and best way to take care off all hospital expenses ...if you want me to explain you the policies of all compnies with there pros and cons and help you find best health insurance for you the fell free to contact me at my email id samsunggranddousrom@gmail.com .... I am learning financial planning if you have any queries you can email me at samsunggranddousrom@gmail.com
Currently I am learning so I will try to advise you free of cost latter on I am planning to crack cfp cwm and may be latter cfa and once I will be good enough to help people do financial planning for them then I will be charging for my expertise currently if you need my guidance then you can contact me
Great video....will help numbers of people and save thousands of minutes..👍
Sir, you have answered each of my confusions regarding term insurance. Thank you.
Nice topic it's very helpful thank you sir
Hello Mandeep, this information was very helpful for me considering my will to get myself a term insurance. However, I wanted to know if in a situation where the nationality of the insurer is changed, how would it really affect the investments made while being Indian citizen (Question is inclusive of all the investments- PPF, EPF, Equity, Insurances- Term and UPLIP, Bonds, etc).
Hope to get a reply on this one.
Thanks
Wow! Thank you so much brother. Very informative.
Very good,addressed the real issues..
Really brother lot's of information ..