ULIP का काला सच | Unit Linked Insurance Plan Vs Mutual Fund | Which is better investment?
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- čas přidán 5. 07. 2024
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In this video, we learn about ULIP. Is ULIP a good investment? Which ULIP plan is best? What is ULIP and how it works?
We will compare ULIPs and MFs based on parameters such as returns, liquidity, tax benefits, charges, and others to help you make an informed decision. We will also discuss the various types of ULIPs and MFs and their suitability for different investors.
Read blog in English: labourlawadvisor.in/blog/ulip...
Chapters:
00:00 Introduction
05:15 What is ULIP?
06:14 Life Insurance
08:45 IRDA Guidelines
09:22 Investment
10:29 ULIP Charges
11:30 Mortality Charges
15:00 Lock-in period
17:58 Tax-Free ULIPS
18:55 If not ULIP Then What?
20:11 What to do with ULIP?
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#LLA #ULIP #Insurance
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Mandeep you are also sounding like Mutual Fund Agent ... Insurance agent apna bech rahe h aur tum apna mutual fund bech rahe ho... Link discription me h sabko samjh me aata ha bhai paisa tumko bhi kamana h .. aur mutual fund aur ULIP me dono me guarantee nhi h fir mutual fund me 15% return milega how can u say that buddy.. kal kisne dekha
I had HDFC ULIP which I took in 2009 , I used to invest 60K Per annum , out of which 20K used to be admin charges and only 40K used to be invested in market !! This continued for 3 years , which was absolutely rip off ! And I was too young to understand that back then . Exit out of HDFC ULIP in 2012 after 3 years and took loss of ₹18K Lesser that what I invested .
I had HDFC SAP (Savings Assurance Plan) bought in 2009 as well . Yearly investment 24 K for 10 years payment and got the return after 10 years as ₹3,18,244 ! Which is 5.6% of interest . Another Rip off! Please save yourself from ULIPS and Guaranteed plans !!
I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
Finally someone explained without saying dosto dosto 100 times
Haha, finally someone appreciated me for this 😂
Dosto! 🤣
You nailed it.
@@LabourLawAdvisor Sir..my insurance agency told me I cannot get refund under free look period policy within 15 days..as I have signed consent..but I want to withdraw from max bupa monthly income advantage plan.. please help
Ek aur aadmi hai....jo sirf Mitron Mitron ....karte rehte hain.
@@LabourLawAdvisor link in description 🤣🤣🤣as always
I am insurance agent.
Counter point mentioned karne he muje regarding this video.
1) kya India me log personal finance ko leke knowledge rakhte he?
2) kya sabko sare financial instruments pata he?
3) MF and stock ki volatility se sab comfortable he?
4) I agree Liquidity is big concern in insurance policy but logo me jis instrument me liquidity he log us instrument ko bech k apani temporary requirements to Puri kar lete he. But compound effect ka magic miss kar dete in long term.
Insurance me mostly koi surrender nhi karta policy ( company aur agent unko manane ka try karte he long term k liye invested rehene k liye)
5)Mostly 8%-9% ka return to mil hi jata he client ko par product me jisme unka capital guaranteed hota he. 8% - 9% is good return jinhe market se dar lagata he.
6)Agent ko 15-30% commission milta he ispe bura man ne ki kya baat he? Agar me jada commission kamane k liye logo k piche pad rha hu. Aur aise logo se investment kara raha hu jo jindagi me kabhi investment karne wale nhi the.
For eg. aaj hi maine ek policy bechi he jisme husband is not serious about investment aur wife ko apne bachchi k padhai aur shadi k liye paise jama karne he. 1 month se piche padhke Maine unka investment kara diya. It's win win situation for both muje commission ne motivate rakha itne lambe samay tak unse follow up lene me. Aur bachche k naam pe kuch investment to ho gayi.
7) Ulip wohi customer kharid ta he jise market ka knowledge hota he. Market ki volatility se comfortable hota he.
Agar koi customer long term k liye ulip aur mf same amount dalta he aur same portfolio choose karta he .
E.g nifty 50 portfolio choose karta he.
Charges k vajese ulip 1-2% hi sirf Kam return dega. Mostly customer term insurance prefer nhi karte he itna awareness nhi he logo me.
So in that case agar shuruvaati dino me hi customer ko kuch ho jata he to mf sirf invested money hi dega par ulip insurance cover bhi dega.
Isliye log 1-2% kam return hone k bavjud mf se jada ulip ko pasand karte he.
8) jaise ki apne thumbnail me likha ulip me paise dalne k badli paisa jala do.
Ek kaam karte he aap 1 lack jala do aur me 1 lac ulip me dalta hu. Dekhte he kiska return achcha aayega.
Me agree karta hu insurance aur investment alag alag hona chahiye. But on ground aap logo ko educate karne jaoge koi samajta nhi he.
Insurance agents ne bada role play kiya he logo ko unke personal finance k bareme sochne.
Great points 👍
Vry good agent sir ..👍
Kon sa insurance 8-9% return deta h😂😂😂😂
Totally Agree with you
✅✅
I understood it when I was 22 hence never invested in ulip. Instead I bought term plans, bought index funds, elss mutual funds and started accumulating stocks of sectors leading companies. Now m shifting gears towards bonds too. Same time my friends bought ulip to save tax... Today they ask me for guidance with their money
Hello Sir, your videos are really an eye opening .. you are doing great job with perfect calculations, examples and comparisons ..
Just one request i am seeking a video where i can understand PPF vs SIP ... Deep and humble request if you can present video on this as well
I am a development officer in lic posted in rural area... Sir yaha to term insurance ki baat hi chhod do, log to health insurance me v puchte hai kitna return milega..😂
Ye inhe Kon samjhaye ?? Inhe to bas mutual fund bechna hai wo bhi ye bolke ki khud hi track rakho apne paise ka.
Mehat ka paisa retha hai sir everybody wants to save and earn
Our generation are very lucky because we have lots of information resources and also unbaised review regarding finance and accounts
But no one available to validate those informations
But every one said true is which I say. Other said is bakwas.
Thank God We have a person like you, thank you so much for opening everyone's eyes 🙏🙏🙏
Very nicely explained Sir. Only few days back some agent from Motilal Oswal called me up for ULIP in ICICI I did not do it as I am only investing in MF direct.
U n pranjal kamra are the best financial advisor.
Sir, yourvideo starting is cool ..
Using 2 Wheeler instead of car ..fan instead of ac...great
Your content is really appreciated. Please continue doing this. You are one among those who can change the future of the country.
Sir bahot hi majedar tarike se samjhate ho aap.........
Yahi tarika barkaraar rakho.......
And thank you to aware us.........
I really appreciate the knowledge that you provide. On the point and completely factual. Eagerly waiting for the video on endowment plans. Keep up the good work!
Hi Mandeep, Can you enlighten us about "SBI Life Sampoorn Suraksha" scheme in YONO. I hope it'll be very useful for our community members. Thanks in advance.
Hello Bhaiya, I'm 25, I was confused for SIP, but the HDFC agent suggested me a better option that is ULIP. Thank God I stumbled upon your video.. U saved me and my money.. God Bless You!!!
I used to work in ICICI Prudential , I learnt the truth about it and left the job just after the training .I taught my family and everyone else whom I could about the dark side of this , Glad you're there to inform more. PLEASE share this guys , not just for promotion , it's to save people !!!
Please write down what you've learnt so that we can save ourselves too instead of just saying save yourself.
Tell us also
@@mmm14916 I am sorry for writing that without the full story.
There are 2 types of insurance
1) Term insurance (you pay premium, you get a security amount, upon something happening to you or whatever was insured , They give you the certain amount on the condition that the premiums were paid on time and the policy doesn't lapse .
2) ULIPs or Unit linked insurance plan ( Here you have an insurance with an investment plan , Just imagine if you're mutual fund also gave you insurance, that kind of plan )
So the dark side was that ULIP was promoted so much in our company, every manager since the day begun they had targets for us such as 1lakh ka ulip policy sell karna hai per day, if that didn't happen they used to sit for long hours, even before the bank branch closed at 4, we used to reach home at 10 just because we couldn't complete daily targets .
ULIPs are bad because they don't give benefits of both, They are neither good investment or a good insurance.
Suppose you're 24, non smoker and you earn 25k a month, Any insurance company will give you life insurance plan for like 500 or less than that for a month upto 75 years and coverage of 1cr , That sounds amazing right? I was 22 and my premium per year was 346 something back in 2019 . With ulip you'll be getting like 10-20 years of insurance with only 10* the amount of the yearly premium, Say you're invested in a ulip plan of 1lakh a year for 10 years, upto 10 years / or till the plan lasts, if something happens to you your family gets 10lakh only because IRDAI guidelines, minimum 10 times of premium shall be offered as insurance.
Ulip is bad investment as well because it has Lock in period like fd , for 5 / 3 years depending on tenure of your plan. We were told to say ULIP gives 23% interest, true but you can get more in mutual funds because it's compounding ( we knew this and we're forbidden to speak it, because our job was to sell ULIPs)
Why does company wants to promote ULIPs more ,
A) Charges , Company is offering you investment + insurance so it charges you twice .
B) Lock in period , They can use your money to invest further and earn while resting assured that you cannot withdraw money as it's under lock in period.
There are more technical and numerative data i can list you but it's gonna be so much time . Companies love ULIP plans , please ask them repeatedly if it is a ulip plan. Please sign carefully.
The mongrels used to target people who had money but didn't know much about paperwork rather than their signatures.
Please be careful and ask your elders specially to not to do this before consulting a financial expert or anyone who knows a few bits about banks and their policies.
ICICI prudential and Bank are two different entities, ICICI banks allows prudential employees to sell policies through customer walking in banks .
Please say no to ULIPs , It's Evil .
@@GauravSingh-vt9pgthanks for taking the time to write this 🫡
You are very moral person
@GauravSingh-vt9pg hi, check if my understanding is correct. If I take term insurance, that's of 1cr for 40yrs for a 10-year premium period and 50k/year. If unfortunately I expired within the 40yrs cover my family will get 1cr.
But if I take ulip then for death they will not get 1cr ?
Explained in detail, must forward all retired people, they are the main victims.
Sir huge amount of respect for you I was about to buy ULIP after discussion with bank advisors 🙌🙌🙌🙌
I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
So you would opt for fixed deposit?
Ulip is for long term...
You should invest for more than 10 years.
@@onlinechesslecture9003I can challenge you that if you can prove that ulip is better than mutual fund. Heard about quant, SBI, Nippon, icici prudential small cap fund. Leave it ever consider about mid cap or large cap far better than ulip in long run.
Bhai ye jo banda h n,, it's awesome yrrr.. Sab kuch itna simple aur clear smjha deta h,
Keep it up bro 😘😘 aap bhot acha kar rahe ho🎉🎉🎉🎉🎉
Your video saved me just I met a agent of bank he explained me ulip and I search a video and. Thanks 🙏
Thankyou so much for your informational videos. I have been watching it back to back. Can you please make a video specifically of surrender values? I am sure many people like me want to learn about how it works...
Those disliking are either haters or insurance agents!
@@nseniftybankniftytrader4086 You took an immense effort to ask then why not!
I do not go with any insurance policy whatsoever, except what comes along with perks package from my company. On my own I trust and invest only in stocks for last nine years and that is way better than anything else!
@@nseniftybankniftytrader4086 and for this video as like any other subscriber I liked it and shared with few guys I know who still believe in old ways of investing!
@@nseniftybankniftytrader4086 You too bro! My best wishes!
Sach kha ye chije mujhe 5 saal pehle samjh aagya tha...aur maine quit karke direct MF lia .I am happy I saved my money..
I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
Extremely grateful for this valuable information... Thanks🙏
Much needed learning video... Now tell me what should I do if already invested first premium in Sanchay par
Fantastic video! You are doing a great service helping people understand the pitfalls of mixing insurance and investing.
Thanks for your video. Whats your opinion on 4g ulips like hdfc click2wealth ulip plan for investment purpose only?
Hi Mandeep, Very informative video. Thanks. I have a ULIP which I have been paying for 10 years, so the money invested is good. Any suggestions, if I were to close my ULIP, where should I put that corpus as a lumpsum? Or would you recommend me to go for MF and Shares as you have suggested already.
Very honest opinion and enlightment. Your videos are truly best.
Hats off to you!! There is true need for such channel to make people of india aware
सही कहा
Bjai, isne aoke ullu banake rakhe hai... he is simply promoting Term insurance which is also a best option but not a best one for the ones who wanna get returns. And agents won't get 20-30% commission on ULIPs. Only 5-6% hi milta hai...
@@sunilkeshetti3085 mai 1.5lakh per month salary ka job kar raha hu, agar ulip plan bejkar muje 15% commission melegi na to me job choddunga, or broker banjaunga. Ku ki Muje pata hi upli benifit he 30% tax slab walo ke liye... jo tax pay nahi karti he unko pata nahi...
I get 15% compounded tax free returns from ULIP from last 12 years in which covid 19 comes under.. ULiP is a good investment but you should be invested for atleat 10 years
No Its Is Best On 7Th Year If U Have Paid For 5 Years
How
Totally agree 👍
I am invested for 9 years now and like you said actual returns shows if you are invested for longer period
Its same case for mutual funds...both mutual funds and ULIPs are for long term investment purpose...its not bad...as he is claiming...😐😐
your compounded return would been much higher had it been mutual funds...ULIP plan allocates mortality charges, higher fund allocation charges, GST from your principal amount, and Bank charges if ULIP is taken from bank..All these charges are taken from your principal amount. So 90% of your principal amount are actually invested..while in mutual fund, you will be taxed 10% of the profit minus the Rs1Lakh..so Mutual Fund always gives higher return..long term, every fund will give you return, but 2-3% difference in annualised return for 10yrs+ also means huge difference of total gain...Rs10000/month for 12yrs at 15% annualised return gives Rs40.46Lakh..at 18%, its gives Rs50.97Lakh..
There is a reason why mutual fund is used for money gain..ULIP plan is only used for tax exemption in 80C ITR...an nobody should be applying for more than Rs1.5lakh in ULIP per year.
May be not more than mutual fund but Ulip did well in long term policies. I m the witness of it.
Thank you so much for this video. I got the same pitch for selling the ULIP plan as you showed in the beginning of the video. Thanks for the guidance and saving my time, money and energy with the investment plans.
Really nice and informative video.
Hats off !
Can you please suggest how to convert REGULAR funds in myCAMS to direct funds ?
It's there any portal where I can send my current investment portfolio to get advice ?
I also strongly agree with this Video. One question : Where is compounding in Mutual Funds? Can you please explain to me in detail?
Every year nav increase hota rehta hai. Wohi compounding kehlata hai.
When you investing over a period of time and you realise wealth creation by mutual fund that is called compounding anf time value of money
There is no compounding in mutual funds. A variable return product cannot offer compounding.
@@girishsapariya2306 compounding is unidirectional..It's not like NAV to fluctuate based on any parameter.. Please correct me if I'm wrong
@@hirenvekariya1459 I agree to what you said..but that's not compounding..that's just increase in NAV value..
And partly yes..Time value for money
Very nice video helped at lot to understand the complexity
Hi Mandeep Sir,
Thank you and your team for the awareness
You are sharing great information with everyone.
I already have term insurance of 50 lakhs.
And I bought a traditional plan (SBI life-smart income protect) in 2015 at 50k/yr, don't know if it is good or bad, Please tell me if should I keep it or discontinue it, on the internet not have proper information about the plan.
I will be very thankful to you if you guide us regarding this.
Thanks in advance.
Discontinue and invest it in somewhere else
Hello Mandeep! Excellent content and style. Your videos are Very informative for me. would be great to hear from you on smallcase in zerodha and if you use it and how.
He is also an agent
Sir can you please explain difference between index fund and mutual fund and also tell which is good?
Thank you 🙂
Index fund is also a mutual fund there r different types of mutual fund
Small cap fun larg cap fun
Index is nifti 50 , nifti bank they r group of top 50 stocks , bank stocks
Ur money will be added only in that stock
Next month I'm planning to take life insurance coverage...I'm 25 years now I was zero knowledge about it I watch 2 video of You. But explained it very excellently..... Thank you Brother! ❤️🙏
Sabse pehle term aur health plan lijiye aur uske baad agar stock market ki knowledge hai to direct stock me investment kijiye ,aur agar usme samay nahi de sakte hai to mutual fund ya sip kara sakte hai ......
Excellent explanation. Invested in ulip and surrendered way back in 2010. Also made aware friends and relatives about the cons of these policies How come the companies sell such scam in india. Thanks
Tum mast ho bhai.... Safe rahna.... Bht sare agent pouch rahe h tumhara address in market.... 😊😊😁😁
🌟🌟🌟🌟 *स्टार* 🌟🌟🌟🌟
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(2 मई से लागू)
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👉 न्यू बोर्न बेबी कव्हर 50 हजार तक ।
👉 इमरजेंसी परिस्थिति में अस्पताल बदलने पर 5 से 10 हजार तक का अतिरिक्त बेनिफिट । *New*
👉 गंभीर अवस्था में घर पर दिए गए उपचार का खर्च, कोई सीमा नहीं ।
👉 बीमित व्यक्ति की अंग दान करने वाले का भी अस्पताल का खर्च 1 लाख तक ।
👉 नवजात शिशु को जन्म के 16 वे दिन से बिना प्रीमियम भरे पालिसी में कवरेज, माता पिता का पॉलिसी में 12 माह रहना जरूरी ।
👉 3 लाख से अधिक के बीमाधन पर 100% + 100% + 100% आटोमेटिक रिस्टोरशन सुविधा उपलब्ध बिना किसी अतिरिक्त प्रीमियम पर । *New*
(5 लाख पर 15 लाख का टॉप अप सुविधा)
👉 ऑटो रिचार्ज या इमरजेंसी राशि का प्रावधान 3 लाख से अधिक के बीमा धन पर उपलब्ध
👉 क्लेम रहित वर्ष के बाद 25 से 100% बोनस सुविधा *New*
👉 अस्पताल में भर्ती होने पर (जिस बीमारी के कारण भर्ती हुए है) 60 दिन पूर्व व् छुट्टी होने के बाद 90 दिन तक लिए गए सम्पूर्ण उपचार का खर्च
👉 कंपेशोनेट ट्रेवल सुविधा रिलेटिव के अस्पताल पहुचने का खर्च अगर पॉलिसी पते से दूर भर्ती होने पर । *New*
🌟🌟 *क्या नहीं मिलता* 🌟🌟
💉 प्रथम 30 दिन तक दुर्घटना को छोड़ कर अन्य कोई जोखिम शामिल नहीं
💉 पालिसी लेते समय पूर्व मौजूद बीमारियोंं का कवर 4 वर्ष तक नहीं
💉 मोतियाबिंद, ग्लूकोमा, रेटिनल डिटेचमेंट/मेक्युलेर डिजेनेरेशन, रीढ़ की हड्डी की गद्दी का खसक जाना, वेरिकॉजवेन्स, प्रोस्टेट ग्लैंड, नाक की हड्डी का टेढ़ा होना, साइनस संबंधी रोग, टॉन्सिल्स, थॉयरोएड, हर्निया एवम् जन्मजात बीमारियां,
गलब्लेडर, मूत्रतंत्र सम्बंधित रोग, पथरी, बच्चेदानी का ऑपरेशन, महिलाओं की आतंरिक बिमारियों, घुटने के जोड़ सम्बंधित व् मेरुदंड सम्बंधित बिमारियों को 2 वर्ष तक कवर नहीं किया जाता है ।
🌟हॉस्पिटल में भर्ती होने पर मिलने वाले लाभ 🌟
👍 5 लाख से अधिक की पॉलिसी ओर सिंगल स्टैंडर्ड एसी तक रूम
👍 डॉक्टर की फीस
👍 नर्सिंग चार्ज
👍 दवाइयों का सम्पूर्ण खर्च
👍 जांच का सम्पूर्ण खर्च
👍 एम्बुलेंस खर्च
👍 स्पेशलिस्ट डॉक्टर की फीस
👍 ऑपरेशन खर्च
व् बीमारी से सम्बंधित खर्च क भुगतान पालिसी के नियम अनुसार किया जाता है।
Thank you for the information 👍👍🙏
Woww explained in so much detail, opened my eyes, I am going to discontinue my ulip which I purchased last month.
Thanks CZcams, thanks LLA, Thanks Mandeep sir!
Thank you Mandeep for sharing so useful info for our citizens...hope this open eyes of our common people & they stop listening to such agents. 👍👍
I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
I'm new to the channel. My bad, never came across this gem of a life saviour ! Hats off Mandeep and kudos to your stupendous efforts. Subscribed instantly and I'm going to spread the word to all my known people.This knowledge that you share here is invaluable and im sure everyone who watches gets enlightened.God bless you, brother.Keep up the good work !
Thank you soo much sir for this helpful information god bless you always with tons and tons of energy love and prosperity ❤️🕉️
Bro, please confirm if Param Rakshak Tata AIA is good? Can we opt for it?
Bhot Mehnat kiye ho video pe..waste nhi jane denge #Jagrukjanta
was eagerly waiting for this video to show it to my Father who believe ULIP are great
same here bhai, papa ko forward kara maine just abhi.
Most uneducated lot about money is pappa log. Never ever try to convince them
@@Ph-xj9lb they are not uneducated they just don't have proper info, the problem with old generation now days is they always think that they know better than there children because they have seen more "rainy" days than us.
Agreed.
@@SweatRevolution exactly
Thanks sir for informative video. Kindly suggest I had a Bajaj plan in back Oct 18. Should I discontinue same or wait for 6 month till completion of 5yrs.
You have good information. But one suggestion, keep speed low. But for ULIP, I have few points:
1. It gives insurance cover, of course small. But it is along with an investment plan. If one goes for pure insurance, ULIP is not for them.
2. You have compared it with mutual fund which is not comparable. MF is purely an investment plan, without insurance. So better you compare ulip with some other product with similar features.
3. But I agree on the whole that the tiny cover which one gets in ULIP is of no value/sense. That much small insurance does not help in case of death. So either one should take endowment policy for assured cover at lower cost and MF for investment purposes.
4. Appreciate your gesture for explaining limited utility /features of ULIP.
Thanks.
2.
Hi Mandeep bhai... thanks to you and your team for the awareness you are spreading...I have term insurance of 50lac.. when I took it my salary was very less.. but now when things have improved I want to increase my cover.. should I take a new plan or Is there any option to make changes in existing plan ?
Take additional or talk to same company to increase premium and compare
You will have to buy a separate plan same plan can't be enhance as this is a term plan.this man has half cooked knowledge because many ULIPS ARE DOING BETTER THAN MUTUAL FUNDS. there is pro and cons of mutual fund and Ulips. Ulips are better in long run which means 10yrs and beyond their cost structure is such that after five years virtually their won't be any charges except fund management charges.
@@hellochandra8017 check out the charts , and then speak for yourself. ULIPS are invested in funds . Funds just like Your mutual funds but a bit different. Both mutual funds and Ulip plans are invested indirectly in the market by the fund manager , So whatever you do, Mutual fund and Ulip will earn same . Stop the ganja you taking and educate yourself.
@@hellochandra8017 now we know for sure that you're an agent... LOL
Insurance is the most bogus thing ever... specifically life insurance...I hate it...but the thing is..I myself work in insurance as a manager 😂😂😂...daily guilty feel hota hai kaam karke..raat ko daru pee k sota hu...
😂😂😂 sedlife man
You should think about making a positive change, you'll sleep better
@@LabourLawAdvisor exactly pls make a video on how can we move into loan sector
Thank you Mandeep ! This video saved me from falling into scam by my bank relationship manager !!!
Awesome insights i was almost going to fall for it from an agent from Policy Bazar. I'll first do a course on investing in mutual funds now from LLB
I am working in Insurance Industry form last 4 years. I totally agree with you. First of all Ulip is not better than mutual fund I agree. But that doesn't mean that ULIP is not good. If you sell ulip correctly to client according to client age than it will give you good returns. ULIP is not 5 years Investment product. If anyone wants to earn good returns in ulip than they have invest for atleast minimum 10-15 years horizon. Mortality charge is wrongly explained by you. I request you to introduce those ulip client who have Invested for 10-15 years and not get good returns. You shown the example of Mr Mohit who suffer loss in ulip in span of 4 years of Investment. Again I am saying with due respect ulip is not 4-5 years product sir. There is no surrender charges after five years. Pls mention that also in your video. You shown all the point with negative aspects. In longer term ulip is cost effective. Below 40 years age client can definitely go for ulip with mutual fund.
I totally agree. I am such client who has gained by long term investment in ULIP.
This person Mandeep is not aware with ulip plans giving false information to people
Very wrong about mortality charges. Biased video to encourage opening demat account. ULIP as well as mutual fund both will give you good return if capital market is up trending.
I agree 💯
That is the problem. Most of the employees who sell it, they sell it incorrectly that you can withdraw your money after 5-7 years and you will earn good money. They give examples of 30 % return too but who invested for 10-15 years and will tell you that you will get good return after 5-7 years. 10-15 years is a long time. Facebook came in 2007 and if we go 15 years back will take you to 1990. Are you kidding. What about inflation rate. They are just looting us. What about compounding interest which we loose from the first year of the ulip where our funds value is even less than the premium paid. They are experts of the market and looting the innocent people who doesn't even know about it. It takes you to the era of kings where they used to distribute money to the poor people. You are even worst than that because the money you are using is the customer's money. If ulip is good then why this video came. For example: there is no concerns regarding the new technology coming in market. People want to use touch phones they use it. Why touch phones replaced the button phones because people like it. If ulip is any good then there would be no doubt about it. You feel like that how I could be wrong, the profession I am in. But seriously people who knows the reality run from those kind of guys.
When I wanted to start investing, I went to an agent and asked for mutual funds. She suggested two mutual funds which I bought. On top of that, she and her team tried convincing me for 1 hour about ULIPs without taking the name of ULIP. I patiently listened and came back home asking for time. I never went back to them again. Now, still, after many years I have still kept those two mutual funds, which are giving an average return for two reasons.
1. Emotional attachment of first investment
2. A lesson for life that, I should do my own homework without taking anyone's help and take the right decisions.
Hahaha
Hi Mandeepji thanking you for creating such an interesting eye - opening video. Unfortunately I saw a video after an year and in between I invested in one such plan. When Mr. Mohit narrated the incidence of how the agent cheat and Insure on children's name, exactly the same has happened with my Mom. Also I have a question is ICICI Pru Gift plan a ULIP plan?
No it's not ULIP Plan
You saved me !! Thanks for such informative video.
Nice work Mandeep ..Your Jagruk Janta has actually enlightened me and I have realized that, I too was fooled by such ULIP act and have been paying the premium for last 3 yrs with not even 2% increase in the overall price. I am thankful to you and your team for providing the knowledge...but is it possible to close ULIP at the earliest? I mean will the bank agree now? if so.. how do i convenience then amount myself being looted from my own hard earned money? ...Thank you and i wish you a great success ahead...:)
Mandip is again making fool of customer increasing his own TRP
@@digjoybhowmick7846 lol. Why are you so concerned. Are you from insurance background.
I too was fooled by such ULIP.. Itne harami hai.. Hamare gauv mai sabhi bhola bhale ko convince karke fasate hai...
My father who once used to be in insurance industry, always asked me to stay away from ULIP & Child insurance plans..
these shits are emotional blackmail.
-& yes he himself stayed away from making people have these plans ended up leaving that industry for obvious reasons from seniors 😂.
You and your team are really doing great work. Keep it up 👍
Hi @lla team,
I read somewhere that customer has option to increase life cover in the middle of the policy, or to increase investment amount by topping up his/her premium, is this correct? If yes, can it be done by reallocating premiums already paid (after deducting expenses) from insurance to investment or vice versa? Instead of paying additional amount in form of premium?
I know mutual funds are better than ULIPS in terms of return but both schemes have different pros and cons.. As ULIPS are tax free and also switching is available and they are bit less riskier than MF...... On the other part mf is good too but both are diff.
ULIP is the best plan ever*
* for agents
Couldn't agree more
I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
@@LabourLawAdvisor I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
Bajaj Allianz future gain me 0% allocation charge hota he
Bhai agent log ulip bilkul sale nahi krta commission kuch nhi hota waha .
Sir maine 2017 me HDFC SL Pro growth plus plan liya tha ..jisa annual premium 50000 rupye h..Iska expire lock in period 22-06-2022 h..to kya ise m close krwa skta hu..
Today only i was piched about this ulip . I am saved now.
Iss video ko zyada se zyada share karo taaki miselling ruk sake
Thanks Mandeep for opening my eyes I will definitely stop ulip plan which my parents are paying high premium I really missing big opportunity to compound my money as my parents are saying me that "LIC hona chahiye return acha milta hai"
Me too but found this video very late
Iski bate mt suno.paisa duba doge sara
@@VikasSharma-kz7qo to app batado konsa plan hai apke pass???
@@VikasSharma-kz7qo ULIP plan se paisa dubega..ULIP khud Mutual fund me hi invest karta hai..ULIP khud se money generate nhi karta..
Hi Bro,
I would like to thanks you that you have made such a great vedios on life insurance...i have seen many vedios but all concepts got clear after your vedio. Now for any financial guide i only search ur vedio. I saw ur vedio on reality of ulip plan and u said that ulips are worst bcoz it does not give high live cover....but i come to know about one of life insurance+ulip plan from tata i.e paramrakshak plus plan where premium for 50L Cover is 21k
Thank you very much sir.good advise
Absolutely eye opening video. I too always wondered how these companies make money, and pay to the customers as well. I too had to buy a life insurance in pressure of some friend. The money invested was 2 lacs. It had a lock in period of 5 years. Its maturing next month, I'll update how much i got. But wonderful and bold video. Keep it up. And your term insurance video is also wonderful. Gonna buy the policy first thing tomorrow.. thanks !!!!
Mature hone k baad maturity amount b share krna. Input ka output kitna mila okk.
Any update Suhel?
@@vipul4146 yes, its less than 4% return only. Recd 2.40 after investing 2 lacs for 5 years.
Konse konse funds choose kia tha aapne investment k liye?
Konse company ka lia Hua tha
I am so sad and helpless my father did not listen to me and got a ULIP done recently
Haha same people of that generation are very stupid including my father
I hope ULIP taken on his name.. Then You make on your name same combination that will of insurance cover as that of ulip through term life and balance amount remaining from ulip premium investing into fund like Mirae Asset Emerging Bluechip growth fund direct plan...
Time will teach him a lesson if he is not letting you talk... 😷😷
Show him this video and these comments, he may change his decision and instantly return the product.. Better late than never.. It's your hard earned money, so you yourself need to be cautious for any financial product decision instead of following sheep's way...
Best luck and Happy investing !!
Hey, you had told in one of ur video that compounding doesn’t work in stock mkt n mutual fund but here u talked about compounding is in mutual fund …can u pls clarify this?
Very well explained So it seems ULIP policies can be beneficial only if ulip policy is taken at young age
Thanks a lot Mandeep... please make a video on Endowment plans especially ones by LIC.
You make great videos!
Next video wahin hai :P
I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time.
Here Are The Benefits::>>>>>>
1> Life Insurance Start With 50 Lac
2> From Age 18 Till 60.
3> Choose Policy Term 30 Or 40
4> Flexibility To Pay 5/10/12/Regular
5> Accident Cover From 50lac Till +
6> Permanent Disability 50lac Till 2cr
7> Hospital Benifit 10lac Till 40lac
8> Criti Care 20lac Till 1cr
9> Major 40 CritiCare Disease Cover
10> 11 Best Fund Options To Select
11> Smart Investment Option
12> Best Funds To Get Best Returns
13> 2 Pakage Option
14> Tax Benefit
15> Most Trusted Brand
And I Am Param Rakshakarta Here To Give You Best Service.
@@LabourLawAdvisor 🌟🌟🌟🌟 *स्टार* 🌟🌟🌟🌟
*न्यू फैमिली हेल्थ ऑप्टिमा*
(2 मई से लागू)
*पालिसी की महत्वपूर्ण विशेषतायें ----*
मात्र 35 रुपये प्रतिदिन से भी कम खर्च में अपने परिवार का स्वास्थ्य बीमा कराएं और हॉस्पिटल में लगने वाले खर्च से मुक्ति पाएं ।😄😄
👉 यह एक फ्लोटर पॉलिसी है, जिसमे एक ही प्रीमियम द्वारा सम्पूर्ण परिवार (पति, पत्नी व् अधिकतम 3 बच्चे 25 वर्ष से कम उम्र के) को शामिल किया जा सकता है ।
👉बीमा राशि का उपयोग परिवार का एक सदस्य या सम्पूर्ण सदस्य अपनी आवश्यकतानुसार कर सकते है ।
👉 प्रवेश की आयु सीमा 16 दिन के बच्चे से लेकर 65 वर्ष तक के व्यक्तियों की है ।
👉 पॉलिसी का नवीनीकरण आजीवन रहेगा ।
👉 50 वर्ष से अधिक के व्यक्तियों को मेडिकल जाँच कंपनी के खर्च पर करवानी होगी । जिससे फिलहाल छूट दी गई है।
🌟 *पॉलिसी के लाभ* 🌟
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👉 अब 5 लाख से अधिक बीमाधन वाली पॉलिसी पर सिंगल स्टैंडर्ड ए.सी. रूम *New*
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5 लाख+ 5 लाख + 5 लाख *New*
👉 25% अतिरिक्त बीमा कवर
दो पहिया वाहन से एक्सीडेंट होने पर (हेलमेट व लाइसेन्स अनिवार्य) *New*
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10000 से 20000 - तक *New*
👉 इनफर्टिलिटी खर्च कव्हर
1 से 2 लाख तक । 5 लाख से अधिक की पॉलिसी पर उपलब्ध *New*
👉 सेमी प्राइवेट वार्ड लेने पर
800 से 1000 रु. का अतिरिक्त डेली कैश बेनिफिट *New*
👉 अग्रिड नेटवर्क अस्पताल (ANH) में इलाज करवाने पर
5000/- का अतिरिक्त बेनिफिट *New*
👉 द्वतीय मेडिकल ओपिनियन सुविधा फ्री *New*
👉 5 वाली पॉलिसी में मोतियाबिंद खर्च सीमा 40000/- एक आंख व 60000/- दोनो आंखों के लिए *New*
👉 इमरजेंसी एम्बुलैंस शुल्क
👉 सभी डे केअर बीमारियों की इलाज सुविधा । *New*
👉 न्यू बोर्न बेबी कव्हर 50 हजार तक ।
👉 इमरजेंसी परिस्थिति में अस्पताल बदलने पर 5 से 10 हजार तक का अतिरिक्त बेनिफिट । *New*
👉 गंभीर अवस्था में घर पर दिए गए उपचार का खर्च, कोई सीमा नहीं ।
👉 बीमित व्यक्ति की अंग दान करने वाले का भी अस्पताल का खर्च 1 लाख तक ।
👉 नवजात शिशु को जन्म के 16 वे दिन से बिना प्रीमियम भरे पालिसी में कवरेज, माता पिता का पॉलिसी में 12 माह रहना जरूरी ।
👉 3 लाख से अधिक के बीमाधन पर 100% + 100% + 100% आटोमेटिक रिस्टोरशन सुविधा उपलब्ध बिना किसी अतिरिक्त प्रीमियम पर । *New*
(5 लाख पर 15 लाख का टॉप अप सुविधा)
👉 ऑटो रिचार्ज या इमरजेंसी राशि का प्रावधान 3 लाख से अधिक के बीमा धन पर उपलब्ध
👉 क्लेम रहित वर्ष के बाद 25 से 100% बोनस सुविधा *New*
👉 अस्पताल में भर्ती होने पर (जिस बीमारी के कारण भर्ती हुए है) 60 दिन पूर्व व् छुट्टी होने के बाद 90 दिन तक लिए गए सम्पूर्ण उपचार का खर्च
👉 कंपेशोनेट ट्रेवल सुविधा रिलेटिव के अस्पताल पहुचने का खर्च अगर पॉलिसी पते से दूर भर्ती होने पर । *New*
🌟🌟 *क्या नहीं मिलता* 🌟🌟
💉 प्रथम 30 दिन तक दुर्घटना को छोड़ कर अन्य कोई जोखिम शामिल नहीं
💉 पालिसी लेते समय पूर्व मौजूद बीमारियोंं का कवर 4 वर्ष तक नहीं
💉 मोतियाबिंद, ग्लूकोमा, रेटिनल डिटेचमेंट/मेक्युलेर डिजेनेरेशन, रीढ़ की हड्डी की गद्दी का खसक जाना, वेरिकॉजवेन्स, प्रोस्टेट ग्लैंड, नाक की हड्डी का टेढ़ा होना, साइनस संबंधी रोग, टॉन्सिल्स, थॉयरोएड, हर्निया एवम् जन्मजात बीमारियां,
गलब्लेडर, मूत्रतंत्र सम्बंधित रोग, पथरी, बच्चेदानी का ऑपरेशन, महिलाओं की आतंरिक बिमारियों, घुटने के जोड़ सम्बंधित व् मेरुदंड सम्बंधित बिमारियों को 2 वर्ष तक कवर नहीं किया जाता है ।
🌟हॉस्पिटल में भर्ती होने पर मिलने वाले लाभ 🌟
👍 5 लाख से अधिक की पॉलिसी ओर सिंगल स्टैंडर्ड एसी तक रूम
👍 डॉक्टर की फीस
👍 नर्सिंग चार्ज
👍 दवाइयों का सम्पूर्ण खर्च
👍 जांच का सम्पूर्ण खर्च
👍 एम्बुलेंस खर्च
👍 स्पेशलिस्ट डॉक्टर की फीस
👍 ऑपरेशन खर्च
व् बीमारी से सम्बंधित खर्च क भुगतान पालिसी के नियम अनुसार किया जाता है।
@@technicalassistanthelp8744 BoseDK, company ka naam to bata do...
Hi Mandeep,
Thanks for the very informative video...I have ULIP from last 10 yrs and I have two queries pls help to sort out so that i can take decisions...
1. ULIPs deduct their charges in first few premiums or they deduct these charges in every premium till maturity.
2. How to calculate returns in ULIP... As a whole it looks like i am gaining but how to evaluate actual returns.
Hi Mandeep..please reply
You can calculate it through excel sheet, Put a formula of IRR over there. Else you can check it in my account
Bro great content was planning for ulip ..what if i take term plan and ulip plan seperate...then it would be good for wealth creation (ulip) i am planning to invest 20k (10+10) mnthly and take 2 plans 1 for 20 years and 1 for 3 years?
Pls suggest
Thank you bro. What do you think about Tata AIG Fortune pro
16:07 Calculation of interest in the example mentioned in the video is not correct. Assuming annual instalments of ₹1,00,000 for four years and a final return of ₹4,43,000 the rate of interest can not 10%/4=2.5%, since the ₹4,00,000 invested is not through single payment at the start but staggered over four years. Hence, we need to calculate the free cash flow instead for four years to get the actual internal rate of return, which comes out to be 6.85%. Kindly be vigilant of such discrepancies.
Yes you are correct. 2.5% will be the return when you are investing 4lac in one payment in first year.
Thanks for sharing the highlights and lowlights of the product...A quick question if someone buys LIC SIIP policy and getting sum assured 10 times of the premium then entire maturity is non taxable however one who invest in mutual fund for same tenure say 15 years will attract LTCG.. thus then LIC SIIP could be a better option??
Could be a better option if your premium is below 2.5 lakh annually.
एंडोवमेंट पे पूरा वीडियो है इस चैनल पे, एक वीडियो IRR और XIRR पर भी है, पूरा देख लो सबकुछ समझ आ जाएगा।
Thanks sir , This video save my money,one Policy bazar person was in my contact for this type of plan
Is capital guarantee solution of policy bazaar is endowment or ulip??? should I invest there??
Do you show some comparison of ULIP and Mutual fund??
Bolo Mandeep bhai… chup kyu ho
I want to say this thing today, people talk about financial scams in INDIA, but belief me, LIC (Insurance + Investment) is one of the biggest financial scams in INDIA.
Thank u so much sir .. really important information
Mandeep Bhai Super Information.... Thanks..😍. Bahoot Badi Jankari di hain aapne.. Sabhi logo ne Ye Viedo jarur dekhana chahiye taki ye Video dekh ke Information Mile aur Savdhan rahe Investment ke baare main.... Kaun si Policy lena ya nahi Lena?
Axis bank sold me ULIP in very wrong way. These agents can cross any limit to sell useless policies.
Exactly
Haha same thing happened with me , but i fucked them back 😀
@Simran Saini : But How ?
@@simran9312 I am doing same, currently I am in free lookup period and asked them to cancel the policy, also filed a complaint to IRDA. Hopefully, everything will go right because I have been totally mislead by Axis Bank employees.
Same happened to me.Hdfc bank relationship manager sold me ulip in very wrong way.
Partly true.....but no product in the market could be discarded like this. If it were true, regulator/ government would have banned it.
ULIP agent identified. 🖕
Awesome informative video sir, i recently start to watch your video and it is very useful for me because my age is 28 and I'm thinking about investment but now i can decide better than other due to your video... Lot of Thanks 👍
I guess every Indian middle class person has that one distant relative "Chacha" who's an LIC agent and he talks you into buying such bad schemes.
One of my Chachas has made me buy Postal Life insurance's endowment plan which I've been regretting since I've started learning about personal finances. Looking forward to your Endowment related video for a suggestion about exit strategy. 😊
Hi Mandeep.. great video.. but I wish if there could be an updated comparison on ulip vs MF s debate.. there are ULIPs like ICICI Pru1 wealth that have only mortality charges and fund management charges.. no other charges.. unlimited free switches minimum period of investment is 5 years which is not too long given the ultimate benefit of tax free returns. It also has a equity fund that closely tracks the NIFTY 200. so less investment manager risk. Also if there could be a mathematical illustration on how expense ratio in MFs (deducted from underlying investment) and fund management charges in ULIPS (that are deducted by cancellation of units) will look like at the end of 5 years that would be great.. thanks
czcams.com/video/mN0d1Y3yRfI/video.html
Hii can describe tha Tata Param plus term insurance
भाई कितना झूठ बोल रहे हो।जिसको काल पर ले रहे हो वो कभी HDFC,SBI की बात कर रहे हैं। जिसमें आधी बातें सही हैं आधी बातें ग़लत है।
How to Close a ULIP Plan ?
Please make a Video on this , Step by Step.
Please 🙏
Don't choose
If we have taken then
@@LabourLawAdvisor Please make the video of How to close Ulip plans?
HDFC Sampoorna Nivesh has an option of 10- 40times insurance cover of 1st premium.
Yearly 4 fund switching free.
No surrender charge after 5years.
Check HDFC LIFE opportunity fund.
Not everyone are eligible for term insurance.
For more info
ADARSHASUBRAYA@GMAIL.COM
@@LabourLawAdvisor sir please surrender video bano
Pure mis guiding ulip me kha pr 25 se 30 % commission h
Bro, to save tax on mutual fund investments we have to buy ELSS mutual fund. This also has lock-in of 5 years. Also the sip on last year will mature on next 5 years. Where as in ULIP, the entire amount is tax free right after completion of fifth year.
The only down side is mortality charges, rest other charges are either NIL/Not Applicable after completing 5 years.
Watch the QnA video of ulip and endowment plans. Samajh aega thoda aur
Are u sure that installment or premium which we shall pay in 5th year will qualify under 80c but will have lock in of few months or say one year only ?
Thankyou for very informative video. But there are some ULIP plans(ex: HDFC click 2 wealth) which don't have any charges except fund management charges. With this only charge isn't it better than mutual fund as we have anytime free switching option is available which we don't have in MFs? So we can't do anything in MFs although we can see our return are getting negative! So looking from this only investment perspective without bothering about insurance(considering it as additional benefit), isn't it good?
Insurance muft me nahi aega bhai. Mortality charge to lagega hi.
Aur agar purely investment purposes ke liye chahiye to fir how can it make sense? Pura paisa invest hoga hi nahi.
Mortality k regarding, isme 2 achchi bate hai:
1)Fully refund ho jayega
2)Additional 1% per annum, company side se add hota hai
Toh pura paisa indirectly invest ho rha with freedom of switching.
?
@@LabourLawAdvisor bolo bhai Chup kyu ho … janta jawab chahti hai
@@anilpawar8908 bhai tum kitne bhi question mark dal do… koi jawab nahi milega… kyu ki tumne jo sawal pucha hai uske karan Mandeep ke Maan ka Deep bhuj gya…
This man...
Is just amazing 😍
Sales wale toh humanity bhul gaye 😂