Reality of Money Back Plans, Guaranteed Income, Endowment | Insurance + Investment? | LLA
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- Опубликовано: 15 июл 2024
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In this eye-opening video, we uncover the truth behind popular insurance-cum-investment products such as Money Back Plans, Guaranteed Income Plans, and Endowment Policies. Are these products truly beneficial for your financial goals, or are they just marketing gimmicks? Join me as we explore the reality of these insurance products and their investment potential.
Read blog in English: labourlawadvisor.in/blog/real...
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Chapters:
00:00 Introduction
01:20 Endowment plan
03:24 What is the Endowment Plan?
04:15 Life cover in Endowment
06:59 Investment component
15:30 What should you do?
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PLAYLISTS :
Money Frauds You Must Know: link.lla.in/LLA-PL-Money-Frauds
Life Insurance Guide: link.lla.in/LLA-PL-life-insur...
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Income Tax: link.lla.in/LLA-PL-Income-Tax...
Jagruk Talks S2: link.lla.in/LLA-PL-Jagruk-Tal...
Business Basics: link.lla.in/LLA-PL-Business-B...
ABC of Personal Finance: tinyurl.com/LLA-Financial-Adv...
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#LLA #Endowment #insurance
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Main upstox use karta hoon
Bhai mere according to you hame savings bank account k badle apke diye link se mutual fund k liquid fund me paisa rakhe kyuki bank 3-3.5% return de rahi h aur liquid fund around 7-7.5% matlab sare banks band kardo sirf mutual fund ka naam hoga employer salary bhi liquid fund me dega kyuki savings bank account to 3-3.5% return de rahi ha na .. one sided video na banao bhai .. Again You Sounds like Mutual Fund Agent.. Commission zyada mill raha ha kya zerodha ya upstox se aur ek baat last me kya bola video me commission aapke jeb se nahi aa raha to company kama kaha se rahi ha ham aam investors se hi na bhai .. Finally Unsubscribed
Bhai abhi yeh bhi bata do ki konsi Term Insurance and Health Insurance leni chaiye? 28 ki umar cross ho chuki hai already
Dude, pehli baat to ye ki maine encourage mutual fund kia h, par link stocks ka diya h dhyan se dekh lo.
Mutual fund pe koi commission nhi kamate hum
Secondly, insurance agents ko jo commission milta h, uske liye company price badha deti h aur customer se vasoola jaata h wo commission ka amount. Zerodha upstox ke case me price badhaya nahi ulta kam kar dia gaya h, aur company ke profit me se commission milta h. User ko to investing pe brokerage bhi 0 pay karni padti.
Jab kuch samajh naa aye to puch lo, trash talk krke kya achieve kar loge?
You stay unsubscribed, nahi chahiye views..thanks
Watch my both videos on term insurance
Excel is one necessary skill that should be taught to every kid in school
in Indian school they teach "How to Become Sufficient Labor and how to work for money" Not how to make money work for you :) . It is actually factory :(
Yes , its true but school teacher teaching how to pc start & shut down . ms paint.
White hat hr is suing you now.. phir coding kaun karega bhai 😂😂😂😂😂😂
Agreed..
@@joystarcreations2265 😂😂
SBI employee tried to pitch me ULIP and smart platina Plus plan. Then I made this excel sheet and explained him about his scheme. He was out of words. Thanks for making India Financially Literate.
सर आप सही हो सकते हैं लेकिन इन्सूरेंश कम्पनियाँ हमें टर्म इन्शुरेंस क्यों देंगी? क्यों ₹10000/- प्रिमियम के बदले 1 करोङ क्यों देगी? कम्पनी चैरिटी क्यों करेगी?
।
Sir is it a 25 year plan....where premium to paid for 10 years and next year get the the money......and sir by the way where should we invest ??
@@ramnareshrocky6232 Kyon ki woh thagne ke liye bhi toh nahin hai na.
Fir mutual fund me lagaya ki FD khol k baith gye 🤣🤣
@MD Gulshan 7%
Thanks a lot for making this video!! 🙏🙏 I consider myself so lucky to have come across this video before I was about to invest in such a money back plan. The tax-free condition on these plans will end on 31st March 2023. So I am being advised by the agents in my banks (HDFC and Axis) to invest in these plans before the end of this month. I was going to do that. But now I won't! Thank you very much!
These are the kind of videos required to raise awareness these fraud insurance companies. Great job.
I am a certified financial planner ,there are so many people who think term plan is a waste of money ..
This is a very good video ..good job
Kya NSC is good investment?
LIC Jeevan labh table 836 gives you 16 percent return. If you invest 110000 every year for next 16 years you will get 66 lac in 25th year. Now use this IRR formula and validate.
Even I thought about it for a while, if term insurance is remarkably affordable then why aren’t people buying it (just 1k INR a month for ~1Cr coverage). Especially, basic businessman who can easily afford to pay premium for a 5/10Cr insurance coverage. So this is what I believe goes in their mind, a basic business man’s business allows him to make huge profit once in a while, so instead of improving his lifestyle, he prefers buying land in the outskirts (stable % ROI) of their city for each of his family member one at a time (whenever he makes huge profits) & leave it as a long term investment. Eventually, all his dependents are technically property owners at some point of time, which also means they are financially stable, therefore term insurance(health insurance is an exception) no more fall in their priority as they already have land for financial security & stability. Moreover, lack of knowledge regarding term insurance and not enough faith in the company to return the sum assured could be a potential drawback.
@@nehamehta5859 Of course NSC is a good investment
@@nitinsharma5110 LIC Jeevan Labh is having a CAGR of 8%
Someone in my network was trying to sell me this Sachay plus. I gave them the link to this video and they had no comments - ekdum bolti bandh! Thank you for explaining it so well 🙏
Haha
@@LabourLawAdvisor , I already invest in these insurance,
Pls suggest it's better or not, kya mujhe surrender kar dena chaiye.
Hdfc click to invest ulip 5000/- pm, pay term 10 year, withdraw in 15th year. From November 2018
Hdfc life sanchay 1500/- pm, pay term 10 year, withdraw in 25th year. From oct 2020
Hdfc click to wealth 1000/- pm, pay term 10 year, withdraw in 25th year. From oct 2020.
Sbi e wealth life insurance ulip 1000/-pm, pay term 20 year, withdraw in 25th year.
From feb 2019
@@kumarjena8053 bhai mene bhi LIC me dala hai
26k per year deta hu
Mera 1 lac usme ghoos gaya h
Fir bhi me band karwa rha hu usko
55% loss hoga
@@akashtodkar5188 bhai kuch bhi blindly mat mano, video dekhke itna mat influence hoe ki khud kar paww mai khuladi mar loe
@@kumarjena8053 aap inko mat surrender karwao loss mai rahoge. Sari bate nahi sunni hoti, inka sab policies ka lookin period hoga 5 years uske baad band kar sakte hoe.
Thanks for your great knowledge and help brother.
Keep growing!
Loved your video.. entire video is to the point and covered every aspect of such policies.. Thanks a ton. I too have made this mistake and realised that I should surrender the policy but was reluctant because of loss. I just needed someone to validate my assessment and your video helped me do that. Just because I would book loss, I do not want to miss on good returns in next 10-15 years. Thanks a ton again!!
Aap Insurance company ki dukaan bandh karwa denge😂😂😂 Great job
Insurance India me 1956 se chal Raha he ,1956 se aaj tak life insurance ka business lagater bad Raha he ,analysis dekhe Bhai ,meri jindgi me aese boso case dekhe jaha mujhiya ke Nahi rahne par insurance claim ne hi patni or bachho ko Sahara Diya he dost , otherwise parivar ke or sage Bhai bahan bhi sal Di sal me hath khade kar dete he
@@komalnagar6305 insurance mere bhai ajkal sirf relationship basis ya target pura krne becha jaa raha hai pressure bana kar.. importance kam ho gayi hai (warna log insurance company k calls yunhi kaat na dete+frauds bhi ho rahe) Seedhi baat insurance ka naam aaj k time me mahatvapoorna nahii hai!
@@heythatsurfrnd Jab tak kuch occurance nahi hota tab tak log Insurance ki value nahi samajhte . Occurance hone ke baad log khud chal kar aate hai ki mera Insurance kar dijiye.. Waise Jab tak aap par koi dependent nahi hai tab tak Insurance ka jaroorat nahi . But family agar aap par depend hai so Insurance is must .
@@mayankkumar5296 ,thanks ,jay Shri Krishna
@@heythatsurfrnd usse pucho jiske Ghar m bread earner k saath mishappening hogayi hai aur usne insurance Nahi karwaya hai. Tab pata chalega insurance k value.
Waise BHI aajkal covid k wajah s bahut case dikh rahe hai aise.
I am relationship manager in kotak bank.
This guy is speaking 200% truth !
Bro whats your education background ? And after how many years you got this designation?
@@DS-nq5qf you don't need to be highly qualified to become relationship manager in any bank, the only thing you need is 3 years of relevant experience in any financial company.
@@DesertLion0826 bro I have done MBA finance , but I'm still fresher, I'm 23 now . Is there any chance I will get a job in Kotak Bank ?? Can you guide me?
@@DS-nq5qf if you are not left with any option than only choose career with kotak,
Yes, you can get job as a assistant acquisition manager (sales officer)
But You have to source 10 current and saving account every month
@@DesertLion0826 ohk, but how to get a job ? By which medium I can really apply for a job ? I have done through linked in and online mode, but didn't get response !!
Simply great mandeep!
Superbly explained and Sahi technique of explaining!
I am a financial advisor and try to convey same to clients in my sessions.
LDKI NHI FASTEE PHIR LOG KAISE FASS ZATE H😊😊
Thanks for making this awareness video, great knowledge and much needed as people are getting fooled with such plans due to lack of knowledge.
I was ex-ICICI employee. Specifically in icici securities.I resign ICICI within 1 month after seeing the reality.This is the reality of our country that people after doing MBA spend lakhs of rupees and investing time they are forced to sell these insurance. Pressure is too high that they need to tell lie unless they also know that insurance will never be sold by telling all truths. Telling lie is called as manipulation in sales language.Managers are appreciating if you can more more manipulate people.I appreciate this video. Brother you are sharing very good information, even my father also loss around 30-35lcs just because to ran behind these policies.
i understang your feeling becz i am a also part ex-employe of ICICI PRUE....
Problem toh mil gayii solution bhi nikaaloo.
Waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru ❤ji
Hello brother
My father gave 35000 yesterday to bajaj capital what's the way to come out of this insurance and get refund
There is one alternative, since it is easy to become agent, you become one and buy a policy for your dependent. That way you get agent commission and increase IRR
Kudos to you for making such a wonderful and eye opening video! You have saved so many people from falling prey to ‘endowment plans’.
Being in Banking and Finance industry for a large chunk of my life. I completely agree with you word by word. Insurance are the products which is solely designed to generate the profit of the Organization by fooling the people.
No... A pure insurance product is Term Insurance, which everyone should have.
Other than that everything else is fooling around..
One of my friend made a insurance of 1 crores rupees and in sep 2021 he left the world . He paid only one year premium (in exide life) and now his wife got 1 crores of rupees for just one premium... so do you think this is not fair ???? If you want I can send you the details of the insurance and the statement.... ...... see don't mis guide people if your thoughts against something.... like this I can give you many examples...
Yes u r right...this is a pure term insurance which your frnd has taken.. so it is very good.
You are totally wrong... can you give assurance in EQUITES FOR 70year old person who don't want to financial rely on family member...
I sent this video to my insurance agent who was repeatedly approaching me.
Now he has blocked me.😂😂
Hahaha
Bhai bhai
O bhai🤣
😂😂😂😂
Bhai ka L lag gaye😭😭😭😂😂😂😂
Watching in 2024 but this video is worth it. I didn't know about IRR and all those things.
Thanks a ton it's an eye opener so clearly explained ❤
At this age, the amount of knowledge and awareness you have on financial matters makes me jealous. I am not sure whether I am qualified person or not to appreciate you but keep it up bro...😚
When I'm in doubt about financial planning/topics/anything related to investment....I search the playlist in LLA :) Love your passion and commitment
We faced the same issue. My father took fixed income plan 11 years ago when i was a kid and now that we want to surrender the loss we are getting is 1 lakh (our total investment was 3 lakhs). My father took the plan to help a relative start in insurance business but they did not have this information back then.
Thanks for the detailed analysis on the pros and cons. In general sense, pure term insurance is the best form of insurance. However, if a person has good amount of equity exposure and looking for debt instrument (not necessarily for insurance purpose) for asset allocation who is okay with non-liquidity, I don't see it as an issue for that individual as it fetches 7.x% tax free returns (HDFC Life Sanchay Plus), if the policy was taken before March 31, 2023.
Such youtubers themselves have 4 insurance policies, for content purpose they can tell anything..
Has ever HDFC or Lic justified themselves?
Because they know their product is best..
Purchase insurance policies for "insurance".
Most people in India purchase insurance policies as an "investment".
My fav youtuber and channel for this reason..Explaining the most difficult and subjective things in a simple way with illustration. That too for free..Hatsoff to you brother..🔥
I'm really inspired and from now onwards I'm calling you as Bhaiya...I'm going to show this to my father and what we thought all these years we are secured and making better invt in these policies but we were in bubble...you really opened our eyes... Thank you so much Bhaiya 🙏🙏🙏
Hats off sir. I hope any company dosent file a case against you.
Hi, Thanks for the informative video. Could you please explain the tax implications on the surrender value when you close the policy pre maturely?
My mindset is in sync with you.
My father invested in Endowment plan with investment of 6 lacs (when I was a child) and he feels very happy with it.
Being a Chartered Accountant final student, when I read the policy documents I was shocked to see growth of 4%.
All these policies are waste of money only benefiting the Agent.
Very true
Yes we are looking after agents families
You are righte our harde earn money 💰 goes to agent and branch devloper . Agent got every month passive income from our hard income.and they got promotion for this kind of lut
Shame on agent and LIC
Brother SBI me sip jama karenge to fayada hai kya
@@RDYADAV-bs7ww yes very beneficial.
Infect I have a SIP and mutual fund with SBI, during March 2020 stock market crash my investments were badly affected but now I'm seeing more than 100% returns.
In short term you might see your money becoming less due to stock market crash, but on long term you'll enjoy the beauty of compounding interest.
Invest in any top 20 listed companies.
Thanks a Billion! Sir aapne humare aankhen puri tarha kholdi. You've explained in such a way that even a person like me who have least knowledge in Finance have made me think to abandon my Endowment Policy in LIC. Thank you once again. 🙏
Great informative video I come across. God bless you bro.
I can't thank you enough for making this video. Thank you LLA Team
You are right boss. Banks like everyone else are too desperate now. Relationship managers are desperate for commissions and go to any length for incentives 👍
Bro, I have started watching you randomly for the last couple of months, but I really want to say a big Thank You for this type of detailed explanation along with excel examples. You are doing a great job by spreading financial awareness in this society. Kudos !!
Excellent 👍
This is The most important life lession and We many times indebited to Money Minded Mandeep and The team of Labor law advisor. with your Simple IRR formula i can smash the insurance proposals from my banks relation ship managers.
I had committed an LIC 149 with 15L Sum asssured and 90264 /annum and its IRR tuns to be meagre 5%. when matures in 2028. I started it in 2010.
One of the best financial channel. Keep it up guyz.
You have explained so nicely sir.. Thank you so much.. very informative and useful for my future.. surely share with my family and friends 👍👍
Very nice video. You have hit the bull's eye. I agree with every single point and can correlate. Just to add on top of this, in case of discontinuing the plans after long tenure, we can compare between surrender value and paid up value options of the scheme and decide accordingly. Kudos again for the great job you are doing.
Bank ke ghotaalon se bachne ke liye Bitcoin ka aavishkar kiya gaya hain, jaanein aur kya fayde hain Bitcoin ke is video mein:
ruclips.net/video/VkBCVyrV9fg/видео.html
@@arrthjagat3938 kya bol rha h bhaisahab aajkal bitcoin
Thank you so much for the true and fair advise❤
Thank you for sharing it’s a eye opener you r best
You opened the eyes of many many people to the fraud being perpetuated in the name of life insurance.👍 I have never been a fan of these so called policies. I have always preferred other saving schemes.
Mandeep I already closed my endowment plane with a loss of nearly 12,000 in 2019 after knowing the reality of this plane. But the best part is I am now 25 year old.
Prabhakar g how u close it, I also want to close, i am also a victim pls reply.
Dont pay premium and surrender the policy. If u cant surrender, stop paying and it will lapse without any benfiy
@@samsridar thanx sam 🙏
@@samsridar it will be adding interest on yearly basis, so if you withdraw after 15 years then you will get good returns but not expect 100% return on your investment
Very informative video! Thankyou
Bhot accha video banaya..itna gyaan, itna bebak sach aur itni transparency. Great hai bhai.. ❤ pl. Keep it up. Ek hi video dekh ke channel subscribe kar liya
Never mix insurance and investment those are the rules 👍
Correct
Right
Right ....do some investment, some liquid saving and some life Cover too☺️
@@vandanasharma8700 correct
Correct!
I must say this - Take a bow man. 🙏
Thank you from bottom of my heart.
You have saved tremendous amount of money of all our Indians.
Thanks a lot 🙏🙏🙏🙏🙏🙏🙏🙏🙏
Thanks for awareness
You have very nicely explained with MS Excel formula! Keep it up.
Great Job LLA - Simple thing to understand is,
Insurance is for your unforseen incidents (To put your family back in to same financial position in case of untimely death of earning person of the family),
Investment is to create Wealth
Never mix the two - No Endowment, Moneyback of Ulip can beat the inflation
So ideally speaking by getting into these you are actually reducing your wealth in due course of time
Really eye opener, I did lot of finance mistakes, sometimes feel guilt . But now decided to learn 😀
Very well explained advice. I have been telling this to my relatives to avoid such traps. Sharing this video will probably open their eyes.
Great information. Thankyou. warm regardxs. Kalpana
I have been greatly inspired by your videos sir. Too bad I came to know about them a little late! Not too late though! I am about to join a job this year (if everything goes well!). The guidance you have been providing is immensely valuable both in theory and in practical life. Though I do regret that I couldn't make my father understand the flaws in his regular money back insurance plans, which he thinks are great! But, no worries. I will be eventually going for term life insurance and also advising my friends to do the same and refer them your videos. Thank you!
I landed on this video as I was researching about HDFC Life Sanchay Par Advantage Plan. Half way through the video and I paused it just to make sure I don't miss on to such informative content. Yes! I paused to subscribe LLA. Thanks for all the info that you provide.
Thanks so much
muje one time invest krna h to konsa plan best h
HDFC sanchay ya Lic 917
Pure term insurance and health insurance only
Hi
Dodge a huge bullet
Very good way of explaining sir
Thanks Mandeep. I must say, your videos are the best way to increase anyone's financial literacy. Just a point about HDFC Life Sanjay policy. Can we look at this as a Debt investment? It is guaranteed 7% interest now. So rather than comparing this to an Equity investment, can we compare this to a Debt investment (where interests are not more than 5-6%). Of course locking in money will always be the downside.
Thank you for discussing IRR and all... But still Indian people need more financial awareness... Still instead of own research and knowledge, people blindly trust on people who suggest them investment options
Thanks for this!
Wow..superbbbbb!!!!!! Thanks for the video! And thanks for saving my money💰
Mutual fund has its own risk factors and completely depends on market..
Assuming returns of 10 to 20 %but no guarantee..
Its better to understand insurance and mutual fund differences as both have their own pro and cons.
Mutual funds r subjected to market risk and Endowment plans r best investment plan ,No risk plan,Life insurance plan.Baas this line se hin hamara mind hack hogaya hai 🤣🤣🤣
Actual mein jo bola jata hai woh realityein alag hite hai
Cannot depend on mutual fund alone sometimes they have delivered zero returns in past 3 years ..please take this also in to consideration...
Matual fund me long term me investment Karo toh loss nahi hota ... if u don't like mutual fund then u can open ppf nps nsc kvl etc better than lic
@@nileshagrawal2625 You can calculate the difference using PPF as an alternative investement
Bro khali FD se zyaada interest milega in investment plans se. And agar 2 Lakh ka hi cover chahiye toh govt ki kuch schemes hain jisme Rs 36 per month se 2 Lakh ka cover mil jayega
An entire generation's wealth creation (my parent's generation) was destroyed by investing in these endowment plans from LIC. At a time when inflation was high, these plans provided 4-5% return over a 15-20 year tenure and also provided a paltry life cover. This channel is great source of information, so that our generation does not make the same mistakes our parents made...Peace, Health & Wealth
Hi Avinab, would you share your story with me? I don't know whether you'll read this reply but if you, please email me at mandeep@wtibox.in
@@LabourLawAdvisor hello Mandeep sir if you could do me a favour and help me with my policy.
My father took a similar policy from max life monthly income guaranteed plan worth around 6 lacs with 12 x yearly premium of 50k not including tax.
With 4 premium already paid totalling around 2 lacs, I took a detailed look and found it deeply stupid plan further cemented by watching your video.
My problem is it i surender it now i would have the "special" surrender value of 1,18,000 . That's a massive loss of 85k on my initial investment. So should I surrender it or is it possible to salvage it someway maybe by changing find. Can you please help me with how can I do that.
I would greatly appreciate your service on this as well as for this informative video. Thankyou
@@LabourLawAdvisor please reply to the above comment, as I'm Going through same situation
sir can you suggest me term insurance i am working in a merchant navy
The same I have done. I closed mine and my wife's Endowment plan bearing loss of approx 2.5 lakhs so that I shouldn't bear further losses worth crores. Best Video👌👌
Excellent video.I learned a lot, a strict no to Endowment plan
I am also an agent,
I m also agree with you,
Because last year I have also joined as a insurance agent, did not sell any policy in starting to any relative,
But purchase for my own to see the actual reality behind this,
But just after 2 month I relize that our managers are and whole team are froud, they did not tell us the real face of these policies, I literally thanks to God, that I did not sell to anybody
Bro remember he is broker
So, did u convince ur family for stocks and m.f...? I know u can't because selling m.f has much more risk than selling these plans., because u hv nothing to assure...during corona time in march 2020 those people who has redeemed their money from m.f suffered huge loss....and one of my friend who was broker had to leave his job...because he had assured 15% return on m.f.
भाई हम भी इंश्योरेंस एजेंट हैं @ LIC
....अगर इंश्योरेंस नही फिर क्या....स्टॉक मार्केट ?
कोई गरीब या मिडिल क्लास बंदा इतना रिस्क ले सकता है कि मार्केट में इन्वेस्ट करे ?
आपने सिर्फ प्राइवेट की बात बता दी लेकिन सरकारी LIC से तुलना क्यों नही की ?
ये सच है की सभी अच्छी कमिशन वाली पॉलिसी बेचना चाहते हैं ...इंश्योरेंस में आपके पॉलिसी के दौरान मरने पर बचे परमियम नही देना होता है और पैसा मैच्योर होने पर पूरा मिलता है साथ ही सम एश्योर्ड अमाउंट का १०% हर साल जब तक को पॉलिसी मैच्योर न हो जाए
आप मेरी जानकारी को सही बताए की सही है या गलत
@@varundubey007 absolutely right
Lic pichle 60 years se chalrahi he ye batata he vo sub such hota to ajtak lic band ho gae hoti ye mutual fund bechta he isliye use insurance ki ahemiyat malam nahi he
Thanks for sharing, every single seconds of this video is nothing but the truth, literally I felt like losing 7 yrs but you know what its never too late for taking right decision :)
Great video as usual! Keep it up Bro. Can you please make a video on LIC's Policy Surrender vs Paid-Up Policy. Thank you in advance!!!
Your video is fact based. All said and done, you can't rely on mutual funds for everything. Beating inflation isn't the only thing to do in life. Mutual funds needs to be more time tested. LIC has given the guaranteed sum assured to people even when all the gold of country was leased out in 1988. You should have one guaranteed policy in the bucket.
8:28 Formula ---- =IRR(starting cell:last cell)
thank you for this formula
Bhai aise toh MF ka bhi IRR kam hi hoga na ?
Thanks a lot brother.. 🙏
I randomly came across this video while searching for pros and cons of retirement plans.. Thank you for your efforts to make people financially literate.. We need more RUclipsr's like you..
Thank you greatly!
The fun part is the presentation in which you guys serve the information....
Hats off to the LLA team and Mandeep for such educating and valuable content. But unfortunately, such excellent content is overshadowed by some random, useless and timepass content on the internet in terms of effort-to-return ratio.
Still good to see what you guys have achieved today. Keep going :)
Sir ji aap Bina sach jaane kisi ki tafir mat karna, ye toh abhi bachha hai, iskao kuch knowledge nahi, ki insurance hota kya hai
@@chandan0391ye youtuber ki sunoge toh zameen jaaydad sab bechkar bhaagna padega
Thank you for the Video...I am a housewife currently and have passes the ek ghante waala IRDA agent exam and will get a license soon...but it would be to help people with right kind of policies and not just for earning commissions...I feel when one has the resources and capacity to absorb knowledge....then one should absorb all the correct knowledge and guide others accordingly
I had ULIP where my money did not grow after 6yrs. When i checked details then there was 70% commission for first 3yrs. My entire investment was going into deduction. Commission+ insurance+taxes
Cannot thank you enough.
Though I already knew some of this that companies like LIC aren't good for investment but my parents never agreed, now I am going to share this vid to my maa.
I shared to family group.
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tum ek bar me 10 lakh deposit kro...25 sal me bank jyada return dega...
lekin 15 lakh ka sum assured lo aur tum bus 1 month ka premium 5000rs pay kroge..aur agar death ho gya next day tumhra..to tumhre family ko 15 lakh mil jayega..keval 5000rs k badle me 15 lakh...aur agar pura survive kr gye policy term ko tb bhi tumko 30-35lakh milega...
to batao..kaun jyada acha h...LIC YA BANK....chutiya ye video banane wala h.. misguide kr ra h..itte pog chutiye ni h jo insurance me invest kr rhe..tum log chutiya ho
@@slash6075 tum chutiye ho
Bank se compare nhi kiya hai stock market ke 15% return se compare kiya hai
Aur kisne kaha insurance mat lo, term insurance lo na
Suppose 15 lakh hai tumhare pass toh 1lakh ka term insurance lo 14 lakh invest kro. 1lakh ka term insurance crores dega agar tumhara death hua.(god forbid)
Bhai yeh Mandeep chuna laga ra h.. iski baato mey mat aao.. LIC ki bas thumbnail laga di isne.. LIC k ek bhi plan ka isne excel sheet nahi dikhaya.. iske clickbait ko samjho.. aur apni LIC ki policy lo
I liked your point. But my point is That 5% with 18 to 20 years Guaranteed is not bad. Atleast its fixed. FD rates are going down Every day.
Right sir ji
Bhai 20 saal ke baad 5% return loge to kya value hogi uss maturity amount ki? Arey bhaiyya inflation hi 7% hai 🤣🤣
Is polcy bazaar trusted one??? .. where it is showing TATA AIA guranteed investement plan .. Its monthly premimum is 10k and maturity is 21yrs .. Maturity amount is 80lakhs approx ... Kindly suggest on it
@@amitbadaik9493 ya pls tell us about TATA AIA..i 'm also thinking about this one
It cannot beat inflation so it is bad . If inflation is on an avg is 6 or above then it will depriciate the principal amount and it would compound to big loss over 20 years.
You are really doing great job.very very good bro.
How can one check the surrender value of policy online in case of LIC? What are the tax implications for premium already paid?
Very well explained bro. It's a harsh reality that majority if us got trap in these kind of plans
Very nice!!!.....thankyou for this information....very necessary 👏
Very Informative, thanks.
Bahut badiya bhai..etne simple way mai chuna lagane wali company ko expose kiya hai.. Shaandar zabardast zindawaad
Sir... Thanks a lot. It was very informative and a very clear message given with excel sheet example. Will definitely share with my friends.
Really, It's an eye opener information.
Thank you!
Hats off Brother 👏... u have just open my eye and knowledge 🎉🎉🎉 😊
My father did endowment plan from LIC.. surprisingly we got a return of 7 to 8%. Frankly not bad with govt sovereign guarantees.
this is really helpful. infact your channel itself is extremely helpful. much appreciated!!
Such a great job done with this video, thank you so much!
Thank you sir, very important information.
Thanks for the informative video. What would you suggest for people who have recently started any Guaranteed income plan and have paid one or two years annual premium :)
Great video! Mandeep
You are doing a great favour on all unaware Indian investors, who are blindly investing in these hybrid insurance products thinking that they are getting good insurance as well as creating huge wealth.
These products are a complete sham and an insult to Equity investing and wealth creation and compounding.
very well explained...I was about to invest in some guaranteed return plan and after checking the IRR I will never do this mistake.Thank you very much.well explained.
Informative ❤
Hats off to LLA , you guys are saviours 👏
Thanks RUclips ( For a platform which help both viewers and producers ) and 3x thanks to LLB.
I would given 3x thanks to RUclips if it was made Indian
@Labour Law Advisor: Thank you so much for bringing out such a great content for us. I already knew all this but the way you have explained is so bang on that I had to comment on it. Definitely going to share your channel along with CA Rachna's to my dear ones and friends. Cheers and keep posting!
Really helpful.. thanks alot
Great advice!
What is your opinion on investing in Govt instruments like NSC and KVP? You didn't say a word on that!
बहुत ही सानदार और निर्भीक ज्ञान भाई , आपके इस तरह इन्सुरेंस को समझाना बहुत अच्छा लगा । आप से बहुत कुछ सीखने को मिल रहा है ।
Kuch sikhne ko nshi milraha he
Insurance jaruri he bhai mutual fund nahi
Mutual fund tumara sara paisa kha jaega insurance return dega kum dega gerenty dega jada fredy banoge to gand maroge
Ok
भाई हर चीज की जरूरत अपने अपने जगह सही है इंसुरेंस कभी जरूरत है मैचुअल फंड का भी जरूरत है एफडी का 🙏
Excellent video. Everybody should invest as early as possible. You are doing a great job. Keep it up.