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.
@@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 .
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.
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
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.
❌ 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
Brother, thank you so much. I have started seeing your videos today onwards based on my RUclips videos Experience I can say proudly that finally I have subscribed India's best RUclips. 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'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.
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👍👍👍
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.
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!
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).
Good informative video. I stopped my all LIC policies 3 years back insuring my life about 22-26 Lacks against annual premium was a stupid amount 110,000... i purchased a Term Plan online. Covered myself with 1 CR, wife with 50Lakh and yet annual premium is 12000 (3 years back, i was 33 years old). Saved 98000 rupees annually, which freed my cashflow and boosted amount i invest for future.
Hi Dev , Did u get you LIC money back after u stopped paying. As I have paid my 1st year LIC Jeevan Labh plan which I am regretting now . Looks like I made a big mistake . What is your recommendation . Should I stop paying LIC now ?. Whats your thought.
@@rahulm1567 Hi Rahul, If you have paid only 1 premium, i suggest to stop. Regret but forget that amount. If you have paid multiple premiums, than pay for minimum 3 years, than stop paying yet wait for 1 year to add up bonus. You will get 50% of premium paid, plus bonus. In totality, you will roughly get 65-70% of your premium paid amount back (After paying 440,000, i got 340000 returned). This amount largely depends upon Bonus by the way. But like i said, if only 1 premium paid, than better to forget.
@@TheDev5373 @Dev Aryan thanks for the reply. I have paid 70k in my first premium and the 2nd is due in a month. so I guess its better I stop paying my future premiums. Any other better investment options that you can recommend is greatly appreciated.
@@rahulm1567 Yes, i think its better to stop. Its a loss, still you are ending up your dent by minimum hit. Proper savings will cover up. In regards to idea, there are many safe & aggressive investment & savings options. i may suggest you some. Let me know your age and capacity on aby dot halol at gmail
@@rahulm1567 I guess my message did not came as in full for the investment idea. May be Google is hiding email sharing. Its aby doat halol on the gmail services. Lets see.
The latest IRDA report has also been published and the same trend is being observed about Amount Settlement Ratio. ICICI (which I was considering to buy) has a high CSR of 98% but amount settlement ratio is only 91.6%. Such figures are possible only if they're intentionally trying to reject claims with large amount.
Check now 2022 data. HDFC life was selected by mandeep but it's amount settlement ratio is 89% whereas ICICI has 95% which is even better than TATA 94%. A decision should not be made by just applying filters you need to consider every parameters as whole. HDFC always try to keep no. of policies ratio high but reject high value covers so its amount ratio is lower. Best insurance is always LIC.
One point missed. While comparing all these Ratios, we need to consider the number of applications each company process. Bcoz a company with 10 applications definitely perform well compared to a company with lacs of applications.
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.
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
Great analysis, keep posting awesome content. Q1) I see the suggestions are based on latest information available on IRDA (2018-19) but shouldn't we look at longer periods may be previous 3-4 years claim settlement and rejection instead of only the current year for conclusion ? This might impact how Tata AIA will compare with the rest. Q2) Out of the rejected claims, if we look at Avg. claim amount per claim within the rejected group (rejected plus repudiated) will it lead to any different insights ? lets say in 2018-2019 out of total repudiated claims avg claim amount for Max Life is about 14L whereas for Tata AIA is 24L, HDFC is 49L, ICICI is 40L. Is there is chance that companies with high avg's are rejecting probably more higher amount claim amounts, which if true will be a concern for anyone who wants to take a high sum assured (>=1C)
What you are talking is not simplistic the motive of these kind of videos are to give insight to people who are layman in financial field and if he played with numbers layman will get confused
I am a very old subscriber of LLA. I have a suggestion, can you please bring Monika halan ma'am and do a specific video on how women should plan. There is a lot of discrimination faced to women in home or at work. Financial education for them is a challenge. They have to learn on their own. I would love if more female audience is brought to you. Monica maam is very knowledgeable. If you could bring her. It would be a great episode and will get your inputs to this also.
Very informative... Excellent.. I was about to invest in HDFC life which was pay 10yrs 1lac per year and next 10yr you will get return... Thank you so much that after seeing this I am not going to buy it🙏.. god bless you guys..
No never do that . Better buy Pure Term Insurance where you get maximum cover for long term with least premium . Remember Buy Term Insurance and Invest the difference yourself Don’t mis insurance and investment
Labour law advisor Being a doctor, i won't advise picking up a lot of disease critical illness cover, many insurance agency suggest 90/60 disease cover But only a few a useful, rest of the disease have those clause which you won't be able to utilise I would suggest take critical illness cover for the term for which you take term insurance Take atleast 40/50 lakh cover, disease covered in these policies require ICU admission and these policies provide whole cover money at once HDFC is best in this cover case as they don't cut it from main term insurance money Comments are welcome from anyone side
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❤️🙏
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. :)
Well described brother. But as per new IRDA guidelines the insurer on any ground cannot reject a claim after a period of 3 years even if the fraud is detected. Once the time period of 3 years lapses the insurer has no right to reject a claim.
Bhai ne emotional kar diya ye bol kar.. "me company ke liye nai aapke liye kam krta hu" thodi der k liye aysa laga bhai ko bolu ja bhai jara freezer se thandi bottle to le aa 🤧
@@LabourLawAdvisor Bhai...m single parent n planning to buy term insurance. Plz clear one thing dat is it wise decision to take critical illness rider wid term insurance?? Or good to go for critical illness policy separately???? Plz reply.....
@@LuckyMe25 your questions is very good both have there pros and cons major benifit if you buy as a rider then it will have level premium ie premium will remain constant through out policy term . ....but on the contrary if you buy separate policy it will have life long renewability .... But make sure to buy I fixed benifit critical Illness policy generally provided by gernal insurance company like liberty insurance .... I am learning financial planning from someone who teaches people like me if you need any advice then send me your email I will forward it to him 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 ..
@@LabourLawAdvisor Bhai. U made a good video. But I was looking for a term plan and I see buying critical illness as a separate policy from max bupa, hdfc ergo etc. Is beneficial. Because, icici offers accelerated benefit, meaning we need to pay rider amount as extra(life cover includes rider).Hdfc,lic,tata offer this as additional benefit(life cover+rider). Hdfc doesn't offer accident cover as lumpsum,but in monthly installments which I think is a no-no for me. For getting the same cover. Icici, hdfc, lic doesn't offer partial disability which tata offers. Hence I think we can take term cover+accidental death from tata or lic
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.
@@yashverma4604 where do you get this data ? As per latest irdai report which is still from dec 2021 Tata amount settlement ratio shows as 87.57.. which is below many others..
Thank you mandeep sir for such a great information but I have a doubt I'm planning to get a term insurance of 1.5cr but I just saw one RUclips short from ET money about inflation rate from 1940-2020 According to the video in year 2060 the average living cost for lower middle class family would be 10,00,000 per month. So value of the 1.5 cr will be equal to the 15 months of monthly expenses. So I'm worried about that. Can you make a detailed video about inflation and term insurance. I looked for it but no one have detailed video for inflation and term insurance covered in same video
by the 2060 most probably your family won`t be dependend on you term insurance will be help ful when someone passed unexpected death in early age + it`s going to be tax free so nomoinee can invest
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!
Hi Mandeep, I got influenced by your statistic and bought 4 cr term plan from TATA. But after 6 months I realised that the service is pathetic and premium is quite high than other competitor. I know you are not sponsoring TATA but I suggest you should make detail analysis video on top three insurance companies. This is half knowledge video. I hope you take my feedback positively and act on it. Also please guide us on how do I transfer term insurance policy.
Its term plan. What service you needed 6 month? term plan is after policy holder death , money to be given to nominee. After 6 months what service you were expecting?
Good Description, I tell all my clients to have a decent Insurance, although I dont agree with TATA aia Insu, as past results may /may not guaranteed in the Future... LIC is expensive but reliable Rest is Fine , Good effort.cheers PS: why is your channel named as labour Law advisor ????
We started off with labor laws, and then explored other areas but couldn't change the name as it had already grown. Since labor laws are applicable to employees, we also help them build a better financial future via other videos
Believe it or not , same thing happened to me too, And after giving a lot of thought (& criticism ) I made a new firm with proper description of wealth/ asset management , and it worked... All the Best ...
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.
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.
Hello Team - A quick question, On checking the 'IRDA DATA' link mentioned in video description, file available in the link says 'IRDA 2019-20' so wanted to ensure if the file is up to date. Thank you for the video. Great content!
I was almost about to start a plan thru policybazaar. But when I compared the price of the premium on the insurer website and policubazaar it turned out to be so different. Policybazaar charges way more than the insurers. Also the online complains and the annoying calling and messages of the policybazaar made me think twice to proceed with it.
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
Hello Mandeep !! i appreciate the good work you people are doing. i have few questions. Will be very grateful if you reply. 1) Can i change the Nominee in my term plan after x or y years ? 2) If Term plan provides me insurance cover in the event of my death during the Term period, why is accidental death treated differently ? why do i need to buy a rider/add on for Accidental Death. 3) Why is Claim Settlement Ratio % + Claim rejection Ratio % not equal to 100% ?
Plot twist ये है कि हालाँकि ये बोला गया है कि ये स्पोंसरेड़ वीडियो नहीं है पर यह एक स्पोंसर्ड वीडियो ही है इस आदमी ने 10:49 पर बोला कि LIC का प्रीमियम डबल है इन कंपनियों से , तो मैने चैक किया मेरी आयु 40 ,, नॉन स्मोकर, 35 साल के लिए एक करोड़ की पालिसी चैक की तो पाया कि HDFC (click to protect life) में एक महीने का प्रीमियम है 2356 टाटा में 2209 (sampoorn raksha supreme) और LIC में 2097 (854 plan) अर्थात सबसे कम lic का है, ऐसे में इसने साफ़ झूठ बोल दिया कि lic का प्रीमियम डबल से भी ज्यादा है, और इसने इस वीडियो में lic के लिए रिजेक्ट शब्द इस्तेमाल किया, और उसके बिजनेस लोगो को नीचे गिरा कर दिखाया, मतलब साफ़ है, नरेटिव सेट कर रहा है और प्रिवेट कंपनियों की मार्केटिंग की जा रही है , साफ़ झूठ बोल कर , Lic में 854 नंबर प्लान देखा मैंने जो ऑनलाइन मिलता है, कोई भी चैक कर सकता है अब या तो इस आदमी को पता ही नहीं LIC के प्लान्स के बारे में, premium के बारे में जिसे इन्होने डबल बता दिया जोकि बहुत गैर जिम्मेदाराना है वीडियो बनाने से पहले, या ये बंदा स्पोंसर्ड वीडियो ला कर भारत की जनता से झूठ बोल रहा है
When we talk about Claim Ratio and other ratio, do we also need to consider a part in which there are varios companies that tie up with insurance agencies, and to maintain that, they settle properly?
Hello, This video is diffentely useful for people like me. Thank you for sharing such valuable information.You have spent a lot of efforts in research. Kindly spare some time to make a video which gives information about factors whic we should consider to buy a health insurance plan.
I have just bought term insurance.. and i hit bulls eye . Chosen TATA AIA with same rider.. avoiding what you have suggested.. I think we have same analysis skills... 😝😝😂😂👌.. Now I m relaxed..
Such a great video! Thanks a ton!! I'm watching this video after 3 years of its posting but still finding it very relevant. So comprehensive and genuine video.
Proud owner TATA AIA, and I am happy that I have done the exact comparison and came up with same last 3 companies which Mandeep did. This gives more confident to me. As I have matched the analysis of the experts. Many things to learn from this channel.
Thanks girish. I'm just a guy who decides to do his own research, and proves that you don't need to be an expert to understand simple math. People deliberately make it complicated so that the common man can think' "oh, it sounds pretty high level and maybe i should listen to this guy". And the guy ends up making a commission I'm just a simple boy showing people that you don't need to be an expert to understand math. Finance, insurance, and even basics of investing is nothing but math, really.
@@LabourLawAdvisor Doing great work. I can understand as I also do research when I want to do something before taking decision. It's all hard work. Not all will understand it. Usually I see your channel for investments related videos. Although others vides are also very informative. Keep up the good work.
Hi Mandeep, very well explained video about term insurance. Although I keep learning about investments and insurance through free resources on web, I found your videos very informative and well explained. I have diversified investments/insurance in MF, term insurance, health insurance, PPF, Endowment(like you my parents took for me years ago), small amount in ULIP(reason I mentioned in ULIP video: fund switching facility). Still learning about stocks trading. I have 1 question here about term insurance: You have said in most of your videos that one should take term insurance upto an age till you have liability say 65 years and they do not need it after that. Why do you not suggest to take term plan till max age provided by Insurers say 80 years. So that it not only provided insured amount in case of unlikely death during liability years but also after that. The difference in premium for 65 and 80 years is not much. But most likely insured will get the return on the premiums paid for 80 years age( avg. life expectancy is less than 80 years). It can act as insurance + investment. Agar lalach se koi nuksaan nahi hai toh its cool 😎
You are falling for the same lalach on the basis of which LIC agents have been selling endowment, money back and all. The difference of the both premium amounts may be much for some people and it is quite subjective. :)
@@zeeitechriver But the chances of guaranteed return increases drastically after age of 60. All the premium is returned with interest plus you are insured for life. Being term insurance, premium is also lower than conventional insurance.
Hi Mandeep, Thankyou for this wonderful information. I recently started checking for term insurance process and i must say this is one of masterpiece. Though i have some concern. 1 Critical Illness : Is it a one period plan or it can be renewed with same buffer of amount of which critical illness is taken. One Period Plan : We keep paying EMI and once we claim it, this critical illness policy will end. Can be renewed : Even after claiming critical illness we keep on paying EMI so buffer get r renewed next year. 2 Same concern as point 1 for Accident. 3 Same concern as point 1 and point 2 for critical and accidental policy with health insurance. Hope to get an answer..!! Thankyou in advance.
I am impressed by your research. But one thing you said little bit wrong which LIC term plan premium is very higher then private companies. But LIC already launched LIC TECH TERM PLAN which provide almost same premium as other companies with higher sum assured.
Buy Term insurance here & support our work without any extra payment: link.lla.in/Term-insurance-av
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.
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🙏
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.
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 RUclips
❌ 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 RUclips videos Experience I can say proudly that finally I have subscribed India's best RUclips. 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.
"Lalach nahi Logic use karna" - best words
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?
Aisa ek video ki jiske baad dusare dekhne ki jarurat nahi pade... Very informative.. Up to mark... To the point video.. Thanks brother
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👍👍👍
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
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.
Mandeep u r the friend that everyone needs..... Ur honesty will give u big success.
बोहत बोहत शुक्रिया भाई...सही मायने में आप समाज सेवा कर रहे हो...👌👍💐💐💐
One of the best video I have seen on insurance related videos. Not just worth watching but worth implementing in life. Good work! 👍
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.
Everyone should know this information....
It cleared a lot of confusion....
Thank you very much
पहली बार इतनी आसान भाषा मे समझ पाया। आपने हमारे लिए इतना अच्छा वीडियो बनाया बहुत बहुत शुक्रिया।
Bhai you r doing good public service keep it up.
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!
आपका शुक्रिया करने के लिये मेरे पास शब्द नहीं हे, बस परमेश्वर को प्रार्थना करुंग की, आपको लंबी आयु प्रदान करे👋👋👋👋👋
Bohot badiya video banyi hai, Insurance companies ka poora expose kar diya hai.
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?
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.
Hi LLA, I had insurance experience, really appreciate you...the data you have collected is worth watching...Keep it up...
This guy is just amazing ....15 min vedio for entire lifetime and beyond .Hats off man...keep up the good work.
Good informative video.
I stopped my all LIC policies 3 years back insuring my life about 22-26 Lacks against annual premium was a stupid amount 110,000... i purchased a Term Plan online. Covered myself with 1 CR, wife with 50Lakh and yet annual premium is 12000 (3 years back, i was 33 years old).
Saved 98000 rupees annually, which freed my cashflow and boosted amount i invest for future.
Hi Dev , Did u get you LIC money back after u stopped paying. As I have paid my 1st year LIC Jeevan Labh plan which I am regretting now . Looks like I made a big mistake . What is your recommendation . Should I stop paying LIC now ?. Whats your thought.
@@rahulm1567 Hi Rahul,
If you have paid only 1 premium, i suggest to stop. Regret but forget that amount.
If you have paid multiple premiums, than pay for minimum 3 years, than stop paying yet wait for 1 year to add up bonus. You will get 50% of premium paid, plus bonus. In totality, you will roughly get 65-70% of your premium paid amount back (After paying 440,000, i got 340000 returned). This amount largely depends upon Bonus by the way. But like i said, if only 1 premium paid, than better to forget.
@@TheDev5373 @Dev Aryan thanks for the reply. I have paid 70k in my first premium and the 2nd is due in a month. so I guess its better I stop paying my future premiums.
Any other better investment options that you can recommend is greatly appreciated.
@@rahulm1567 Yes, i think its better to stop. Its a loss, still you are ending up your dent by minimum hit. Proper savings will cover up. In regards to idea, there are many safe & aggressive investment & savings options. i may suggest you some. Let me know your age and capacity on aby dot halol at gmail
@@rahulm1567 I guess my message did not came as in full for the investment idea. May be Google is hiding email sharing. Its aby doat halol on the gmail services. Lets see.
The latest IRDA report has also been published and the same trend is being observed about Amount Settlement Ratio. ICICI (which I was considering to buy) has a high CSR of 98% but amount settlement ratio is only 91.6%. Such figures are possible only if they're intentionally trying to reject claims with large amount.
Absolutely true. 🍷👍
ICICI Average amount of claims paid: 10,36,396.20. ICICI average amount of claims being rejected was: 58,55,627.01
Which one did you buy, as I was also considering to buy ICICI one?
Check now 2022 data. HDFC life was selected by mandeep but it's amount settlement ratio is 89% whereas ICICI has 95% which is even better than TATA 94%. A decision should not be made by just applying filters you need to consider every parameters as whole. HDFC always try to keep no. of policies ratio high but reject high value covers so its amount ratio is lower. Best insurance is always LIC.
@@4dm1n123 which policy under LIC provide such good cover?
One point missed.
While comparing all these Ratios, we need to consider the number of applications each company process.
Bcoz a company with 10 applications definitely perform well compared to a company with lacs of applications.
From where we can find that information?
@@vishalswarnkar5862 IRDAI Annual Report
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 .❤️
This guy is doing great job helping many people
Brilliant work - your hard work on the research is very evident. Thank you for your help. All the best 👍
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.
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
I got the file but it's not updated
Excellent overview!! Just the right amount and level of information
That was hell of a BONUS TIP.. Thanks Man Appreciate that
Which is better?
Great analysis, keep posting awesome content.
Q1) I see the suggestions are based on latest information available on IRDA (2018-19) but shouldn't we look at longer periods may be previous 3-4 years claim settlement and rejection instead of only the current year for conclusion ? This might impact how Tata AIA will compare with the rest.
Q2) Out of the rejected claims, if we look at Avg. claim amount per claim within the rejected group (rejected plus repudiated) will it lead to any different insights ? lets say in 2018-2019 out of total repudiated claims avg claim amount for Max Life is about 14L whereas for Tata AIA is 24L, HDFC is 49L, ICICI is 40L. Is there is chance that companies with high avg's are rejecting probably more higher amount claim amounts, which if true will be a concern for anyone who wants to take a high sum assured (>=1C)
Insightful,
And thought provoking.
Beauty!!
Was this question answered ?
for remembering
What you are talking is not simplistic the motive of these kind of videos are to give insight to people who are layman in financial field and if he played with numbers layman will get confused
Absolutely, now TATA amount settlement ratio is not even 90%. I believe there will be variations with time.
I am a very old subscriber of LLA.
I have a suggestion, can you please bring Monika halan ma'am and do a specific video on how women should plan.
There is a lot of discrimination faced to women in home or at work.
Financial education for them is a challenge. They have to learn on their own.
I would love if more female audience is brought to you. Monica maam is very knowledgeable. If you could bring her. It would be a great episode and will get your inputs to this also.
Man I am big fan of yours... U have so nicely accumulated all the critical information in this video
Very informative... Excellent.. I was about to invest in HDFC life which was pay 10yrs 1lac per year and next 10yr you will get return... Thank you so much that after seeing this I am not going to buy it🙏.. god bless you guys..
No never do that . Better buy Pure Term Insurance where you get maximum cover for long term with least premium .
Remember Buy Term Insurance and Invest the difference yourself
Don’t mis insurance and investment
Been following your videos brother. The amount of dedication you guys put in is immense.
Proof- compiling data in EXCEL.
Keep it up.
Labour law advisor
Being a doctor, i won't advise picking up a lot of disease critical illness cover, many insurance agency suggest 90/60 disease cover
But only a few a useful, rest of the disease have those clause which you won't be able to utilise
I would suggest take critical illness cover for the term for which you take term insurance
Take atleast 40/50 lakh cover, disease covered in these policies require ICU admission and these policies provide whole cover money at once
HDFC is best in this cover case as they don't cut it from main term insurance money
Comments are welcome from anyone side
Bro fully aligned, I did all these things .. reassuring 👍🏼
Do one for general insurance..?
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❤️🙏
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
Brother your research has paid fruits. I was confused before to buy insurance from which company.
From which company u purchased term insurance?
Well described brother. But as per new IRDA guidelines the insurer on any ground cannot reject a claim after a period of 3 years even if the fraud is detected. Once the time period of 3 years lapses the insurer has no right to reject a claim.
He has made a video on exactly this. You must watch that video for your benifit
भरोसे का दूसरा नाम लेबर लॉ एडवाइजर ❤️❤️❤️
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!
Bhai ne emotional kar diya ye bol kar.. "me company ke liye nai aapke liye kam krta hu" thodi der k liye aysa laga bhai ko bolu ja bhai jara freezer se thandi bottle to le aa 🤧
Thanks yaar.
@@LabourLawAdvisor
Bhai...m single parent n planning to buy term insurance.
Plz clear one thing dat is it wise decision to take critical illness rider wid term insurance??
Or good to go for critical illness policy separately????
Plz reply.....
@@LuckyMe25 your questions is very good both have there pros and cons major benifit if you buy as a rider then it will have level premium ie premium will remain constant through out policy term . ....but on the contrary if you buy separate policy it will have life long renewability .... But make sure to buy I fixed benifit critical Illness policy generally provided by gernal insurance company like liberty insurance .... I am learning financial planning from someone who teaches people like me if you need any advice then send me your email I will forward it to him 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 ..
@@LabourLawAdvisor Bhai. U made a good video. But I was looking for a term plan and I see buying critical illness as a separate policy from max bupa, hdfc ergo etc. Is beneficial. Because, icici offers accelerated benefit, meaning we need to pay rider amount as extra(life cover includes rider).Hdfc,lic,tata offer this as additional benefit(life cover+rider). Hdfc doesn't offer accident cover as lumpsum,but in monthly installments which I think is a no-no for me. For getting the same cover. Icici, hdfc, lic doesn't offer partial disability which tata offers. Hence I think we can take term cover+accidental death from tata or lic
What you wish to mean by saying this...but definitely your statement is not in good spirit...not appreciated at all
Thanks sir.. because of you I am select best term insurance.. I am taken LIC tech term plan.
Amazing information. Very well executed. Please make a similar one on health insurance too
Bhai Bahut Informative Video Bnaya Aapne.. Mehnat dilh rhi h aapki.. God Bless You & Keep it Up...
Just single word for u that u r excellent.
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..😰
Sir the amount of money that you'll save for your subscribers will also cross Pakistan's GDP one day🙏🙏
Great Video 👍
In fact all insurance companies should first sell term insurance to all eligible persons
Tum toh bade heavy driver ho shubham bhai
Really best knowledge... Ulip me bhi acha return aata hai.. Please make video on it
This has really helped me making an informed decision. Thank you!
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.
TATA's Amount settlemet ratio has dropped significantly.. please update it as it voids conditions on which TATA is picked as best insurance here.
Why do you say so, right now its 95.91. Still 2nd highest and whereas the 1st highest is AVIVA having very less claims and AUM
@@yashverma4604 where do you get this data ? As per latest irdai report which is still from dec 2021 Tata amount settlement ratio shows as 87.57.. which is below many others..
@@veboutube Oh okay. I was referring 2020-21 data from their website. Can you share the latest Data link I can refer?
@@veboutube Can you please share latest Data link? Will be really helpful, thank you!
@@yashverma4604 see above comment thats latest that i know available from irdai
bhai kya proper vedio tha not a single doubts hat's of to u subscribed
Thank you mandeep sir for such a great information but I have a doubt
I'm planning to get a term insurance of 1.5cr but I just saw one RUclips short from ET money about inflation rate from 1940-2020
According to the video in year 2060 the average living cost for lower middle class family would be 10,00,000 per month. So value of the 1.5 cr will be equal to the 15 months of monthly expenses. So I'm worried about that.
Can you make a detailed video about inflation and term insurance. I looked for it but no one have detailed video for inflation and term insurance covered in same video
@@nobodycare5455 yes actually. Inflation should be considered
by the 2060 most probably your family won`t be dependend on you term insurance will be help ful when someone passed unexpected death in early age + it`s going to be tax free so nomoinee can invest
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!
Excellent video,
There is a simple rule in insurance that "Do not mix insurance and investment"
Honest and humble! Many thanks dear friend! Stay grounded and keep enlightening us!
Hi Mandeep,
I got influenced by your statistic and bought 4 cr term plan from TATA. But after 6 months I realised that the service is pathetic and premium is quite high than other competitor.
I know you are not sponsoring TATA but I suggest you should make detail analysis video on top three insurance companies. This is half knowledge video.
I hope you take my feedback positively and act on it.
Also please guide us on how do I transfer term insurance policy.
never follow any social influencers
they r here for making money only9
Its term plan. What service you needed 6 month? term plan is after policy holder death , money to be given to nominee. After 6 months what service you were expecting?
u mean u urself didn't checked anything :)
Not getting your 6 month issue man… kindly elaborate
service means customer care
they may not reply to emails
Good Description,
I tell all my clients to have a decent Insurance,
although I dont agree with TATA aia Insu, as past results may /may not guaranteed in the Future...
LIC is expensive but reliable
Rest is Fine , Good effort.cheers
PS: why is your channel named as labour Law advisor ????
We started off with labor laws, and then explored other areas but couldn't change the name as it had already grown.
Since labor laws are applicable to employees, we also help them build a better financial future via other videos
Believe it or not , same thing happened to me too,
And after giving a lot of thought (& criticism )
I made a new firm with proper description of wealth/ asset management , and it worked...
All the Best ...
Dear
LIC give best term plan with lower premium.
Plan name LIC TECH TERM
which online plan.
This is really an informative stuff, I loved this !!! Thank you so much for this info 😀😀😀😀🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
Awsm brooo!! Maza aa gaya batao! Sare doubts clear kardie, and fully educate kardia
Wah sir tussi great Ho 🙏
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.
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.
Aise informative authentic video koi ni deta. Love you bro. And give more authentic video❤
Thank you for sharing such a detailed insights, much appreciated ❤️
यदि ऑनलाइन टर्म प्लान ले रखा है व इंश्योरेंस लेने वाले की डेथ हो गई है तो उस प्लान को कैसे क्लेम करवाएंगे. उक्त विषय पर भी कृपया एक वीडियो बनाएं
Uske liye bhai ne bola to hai apni family ko bata dena online apply kre ......
Nice topic it's very helpful thank you sir
Actually you are really a responsible person and a true body❤❤❤😊 1:39
I recommend everyone to watch this video before taking your term insurance it covered all the which we must be aware of.
Thank u so much Mandeep.
Sir we love & salute ur efforts......
Hello Team - A quick question,
On checking the 'IRDA DATA' link mentioned in video description, file available in the link says 'IRDA 2019-20' so wanted to ensure if the file is up to date.
Thank you for the video. Great content!
Ye channel itne dino se kaha tha kya content he ❤❤❤
Too much knowledgeable.. Tnnks Bro
I was almost about to start a plan thru policybazaar. But when I compared the price of the premium on the insurer website and policubazaar it turned out to be so different. Policybazaar charges way more than the insurers. Also the online complains and the annoying calling and messages of the policybazaar made me think twice to proceed with it.
No premium insurer website and policybazaar pe same hi ayega
Usually Policy bazaar will give you the best price in market.
Lots of respect from heart ❤️
khud report dekho...u get to know he is fake
@@sumitkoley5677 As per data max life 2017 se 2022 tak kabhi bhi 98% se niche kabhi ni gya fir bhi yaha maxlife 94% dikhaya gaya hai 08:00
Crisp and usefull information. Seedhi baat no bakwaas. Keep it up. It helped a lot...
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
Hello Mandeep !! i appreciate the good work you people are doing. i have few questions. Will be very grateful if you reply.
1) Can i change the Nominee in my term plan after x or y years ?
2) If Term plan provides me insurance cover in the event of my death during the Term period, why is accidental death treated differently ? why do i need to buy a rider/add on for Accidental Death.
3) Why is Claim Settlement Ratio % + Claim rejection Ratio % not equal to 100% ?
Plot twist ये है कि हालाँकि ये बोला गया है कि ये स्पोंसरेड़ वीडियो नहीं है पर यह एक स्पोंसर्ड वीडियो ही है
इस आदमी ने 10:49 पर बोला कि LIC का प्रीमियम डबल है इन कंपनियों से , तो मैने चैक किया
मेरी आयु 40 ,, नॉन स्मोकर, 35 साल के लिए एक करोड़ की पालिसी चैक की
तो पाया कि HDFC (click to protect life) में एक महीने का प्रीमियम है 2356
टाटा में 2209 (sampoorn raksha supreme)
और LIC में 2097 (854 plan)
अर्थात सबसे कम lic का है, ऐसे में इसने साफ़ झूठ बोल दिया कि lic का प्रीमियम डबल से भी ज्यादा है, और इसने इस वीडियो में lic के लिए रिजेक्ट शब्द इस्तेमाल किया, और उसके बिजनेस लोगो को नीचे गिरा कर दिखाया, मतलब साफ़ है, नरेटिव सेट कर रहा है और प्रिवेट कंपनियों की मार्केटिंग की जा रही है , साफ़ झूठ बोल कर ,
Lic में 854 नंबर प्लान देखा मैंने जो ऑनलाइन मिलता है, कोई भी चैक कर सकता है
अब या तो इस आदमी को पता ही नहीं LIC के प्लान्स के बारे में, premium के बारे में जिसे इन्होने डबल बता दिया जोकि बहुत गैर जिम्मेदाराना है वीडियो बनाने से पहले,
या ये बंदा स्पोंसर्ड वीडियो ला कर भारत की जनता से झूठ बोल रहा है
When we talk about Claim Ratio and other ratio, do we also need to consider a part in which there are varios companies that tie up with insurance agencies, and to maintain that, they settle properly?
You are talking about health insurauce not life insurahce
सच बताऊं सर ये वीडियो इतनी अच्छी बनाई है आपने की हर नागरिक को ये वीडियो देखनी चाहिए और आपके आभार मानने चाहिए 🙏🏻 दिल से धन्यवाद सर 🙏🏻
Hello,
This video is diffentely useful for people like me.
Thank you for sharing such valuable information.You have spent a lot of efforts in research.
Kindly spare some time to make a video which gives information about factors whic we should consider to buy a health insurance plan.
I have just bought term insurance.. and i hit bulls eye . Chosen TATA AIA with same rider.. avoiding what you have suggested.. I think we have same analysis skills... 😝😝😂😂👌.. Now I m relaxed..
You bought which plan Sampoorn Raksha plan from tata aia?
@@saurabhparwani9874 its maha raksha supreme with a accidental and dismemberment rider
@@dipanthakur1982 ok thanks
Your IRDA DATA EXCEL FILE LINK shows "PAGE NOT FOUND"..
Such a great video! Thanks a ton!! I'm watching this video after 3 years of its posting but still finding it very relevant. So comprehensive and genuine video.
Proud owner TATA AIA, and I am happy that I have done the exact comparison and came up with same last 3 companies which Mandeep did.
This gives more confident to me. As I have matched the analysis of the experts.
Many things to learn from this channel.
Thanks girish.
I'm just a guy who decides to do his own research, and proves that you don't need to be an expert to understand simple math.
People deliberately make it complicated so that the common man can think' "oh, it sounds pretty high level and maybe i should listen to this guy". And the guy ends up making a commission
I'm just a simple boy showing people that you don't need to be an expert to understand math. Finance, insurance, and even basics of investing is nothing but math, really.
@@LabourLawAdvisor Doing great work. I can understand as I also do research when I want to do something before taking decision.
It's all hard work.
Not all will understand it.
Usually I see your channel for investments related videos. Although others vides are also very informative.
Keep up the good work.
I m also buying tata aia term ins next month ..1.5 cr...1 basic 25 addl rider 25 critical illness
What is the name of this tata AIA term policy ? Is it Tata AIA life insurance sampoorna raksha supreme ?
What if Term insurance company get bankrupt after 20-25 yrs ?
That's why we chose the best of the best companies in this field to explain this thing in the new video
Hi Mandeep, very well explained video about term insurance. Although I keep learning about investments and insurance through free resources on web, I found your videos very informative and well explained. I have diversified investments/insurance in MF, term insurance, health insurance, PPF, Endowment(like you my parents took for me years ago), small amount in ULIP(reason I mentioned in ULIP video: fund switching facility). Still learning about stocks trading. I have 1 question here about term insurance: You have said in most of your videos that one should take term insurance upto an age till you have liability say 65 years and they do not need it after that. Why do you not suggest to take term plan till max age provided by Insurers say 80 years. So that it not only provided insured amount in case of unlikely death during liability years but also after that. The difference in premium for 65 and 80 years is not much. But most likely insured will get the return on the premiums paid for 80 years age( avg. life expectancy is less than 80 years). It can act as insurance + investment. Agar lalach se koi nuksaan nahi hai toh its cool 😎
You are falling for the same lalach on the basis of which LIC agents have been selling endowment, money back and all. The difference of the both premium amounts may be much for some people and it is quite subjective. :)
@@zeeitechriver But the chances of guaranteed return increases drastically after age of 60. All the premium is returned with interest plus you are insured for life. Being term insurance, premium is also lower than conventional insurance.
A hatts off to you bhai.. , you are doing such a hardwork for no profit, really dedicated, good to have you in our timeline ❤
Hi Mandeep,
Thankyou for this wonderful information. I recently started checking for term insurance process and i must say this is one of masterpiece.
Though i have some concern.
1 Critical Illness : Is it a one period plan or it can be renewed with same buffer of amount of which critical illness is taken.
One Period Plan : We keep paying EMI and once we claim it, this critical illness policy will end.
Can be renewed : Even after claiming critical illness we keep on paying EMI so buffer get r renewed next year.
2 Same concern as point 1 for Accident.
3 Same concern as point 1 and point 2 for critical and accidental policy with health insurance.
Hope to get an answer..!!
Thankyou in advance.
Hi Rahul, which term insurance did u buy ?
Amazing information yaar , u r perfect 💯
I am impressed by your research.
But one thing you said little bit wrong which LIC term plan premium is very higher then private companies. But LIC already launched LIC TECH TERM PLAN which provide almost same premium as other companies with higher sum assured.
U r right sir
Right
correct lic tech term is almost equal to private company but only one limit that is max 40 year term
@@hiteshbhatia328 no its provide I have taken.
@@hiteshbhatia328 it hs accidental benefit rider
Ek video me sare jawab best information