Bro..so true..i am fed-up with their calls..their executive says that if you dont want to buy any plans, dont visit the app.. i mean wtf..if you have given us a portal to see and check policies, then how can your executives give this kind of answer..i am thinking of mailing top management regarding this..
Same here they are calling me again and again. I am a financial advisor even after saying this they are still calling me. I just gave my details to see what is there in that site.
Labour law advisor - This channel has done amazing analysis on term life insurance. Sadly this video disappoints me, where Rachna didn’t touch many dark horses in term plans.
Considering your age at 25 years, you can get a cover of 25 lakhs, a premium of ehich might come to around 6-8 thousands, just check claim settlement ratio of it, check how long is the waiting period for all types of deseases (eg:- covid and some deseases have a waiting period of 1 month, critical disease have 2 years, and pre-existing disease is 4 years), do check this, and also check how many cashless hospitals are there in your city where this policy will work..well i guess you can also check entire chronic disease list also..these all things i considered while buying my health insurance..maybe this will help u alot..thanx🙏🙏
Term insurance is very essential... The current generation should give the highest priority to this before anythingelse... Stacks and trading come much later... Thanks, RR ma'am for this video. 🙏 🙏 🙏
To whoever is reading this, never ever ever buy ULIPS , no matter what rosy picture the relationship manager paints, they will aggressively sell it but don't buy it
Plz make video on health insurance company--"Star health insurance" . I am having doubt on this company. It was doing scam with customers please check 🙏🙏🙏🙏🙏🙏
That's what I'm trying to make my colleagues understand, but they still fall in this trap. ULIPs are neither a good insurance policy nor a good investment options. Say no to ULIPs or endowment policies.
Guys if policy bazaar spams you kindly mail to them with PMO or consumer forum e-mail address in CC they will definately stop the spamming I did the same
@@user-kn6vg5bs3i mam if I want to calcuate EV ,which "minority interest" have to use.there are two minority interest exist,one in the balancesheet and other in the p&l statement.please answer.
I was getting calls initially when I was looking for new policy, but after the process initiated, nobody cares about my queries. I cancelled my policy after not getting proper support, I am sharing these details based upon my experience, I am not sure about others. Now recently I applied for HDFC Life (not sponsoring), and I had great experience with all the support related to policy. I can contact them easily with email OR by calling on their number directly, I am getting better response. Disclaimer : Again I am sharing these details based upon my experiences, I am neither sponsoring nor defaming any brand. Please do your research properly before applying.
No investment is bad. But your thinking of discontinuing is bad. If you don't love ulips traditional plans will suit you. Including term insurance. For every investment commitment is important.
Good information to create awareness. Make a part 2 on what could possibly be the rejections of Term Insurance settlement claims.. Also if possible make a distinguish between Advantage and Disadvantage of Term Insurance.
wow.I am addicted to your videos and have been binge-watching your videos. Thanks ma'am for amaging lessons which by the way are so simple to understand.
Term insurance चा premium शॉर्ट टाईम मध्ये ठेवला तर काही प्रोब्लेम नाही ना ? म्हणजे मला ७५ वर्ष , ८० लाख हा प्लॅन घेऊन ५ वर्षा मध्ये फेडायचा आहे, तर काही problem नाही ना ???
Well, A perfect piece of marketing for some portal and also some company with a huge commision and personal benefit. It's clearly sales in indirect way. Also talking about claim settlement and premium comparison on the page displayed it was a clear win for MAX LIFE. 🤔Then why choosen other ? Well only Rachna can answer that.... 😆😆 Aside, I love your topics and studies. I have seen most of your videos on several other topics but now you are making it more commercial it seems. And it's my personal opinion do not buy from any website instead buy from a Bank channel or an individual. Regards AV
Your disposition and way of presenting videos are most amazing. I am also CA and I look upto you as an inspiration. Wish I can be even half like you, keep it going and best wishes for your good health.
Yes true.. Just one more thing .. for term and even endowment.. you have to make sure you pay till full term.. if it is not in-force then Company no need to give full benefits.. in case of term insurance I have seen it plenty of times .. people miss the premium and claims rejected..
worth watching and accurate could you make a video on basic terminologies related to insurance??? it would be really helpful for beginers to understand what exactly each word mean.
Claim settlement ratio only provides raw data to check insurance company's performance and credibility.We need to study other ratios too, like incurred claim ratio etc.. Also, we need to consider last 5 years performance. So,in short, we can not trust fully on such online intermediaries as they have to fulfill their target and all that stuff.Better to read various personal finance blog.
I've various questions regarding Term insurance. Please do a deep analysis of term insurance in part 2. What kind of deaths are covered? Which is the best way to pay the premium? For how long you should take the cover? LIC vs Private firms Not only the settlement ratio is important. What to look ahead in the company? In what cases claim may get rejected.
Hello Ma'am, I have a question about Insurance Cover. You said that the minimum amount we go should go for is 10 times the yearly income. But shouldn't we consider inflation too? Cause considering a life cover of 30 years or any no of years, inflation will play major role in evaluating the value of insurance cover one has. Please shade some light on this matter.
Hello Vishal Sir I deal with one of the best insurance company that is HDFC Life. We have both term plan as well as endowment plans. If you need any of them or have any queries then please comment me you number our company will contact you
One very important point to add in this valuable information. How much insurance i should have? One must calculate all the liabilities in annual income (total liabilities + annual income * 15times)
@@vaibhavshetter9085 because insurance is not something which is meant to buy online. If you purchase pen online it's okay But if you purchase insurance online After your death who is going to come to your family and fight for their right and claim settlement. One more thing bro Never take insurance from private company. Always take insurance from LIC. you will get 100% claim
Hi Ajinkya, I am Insurance advisor giving all services in personal touch based in Pune. If you're interested to know more people reply i'll share my contact details. Thanks!
@ajinkya kurdukar bro the nominees just have to call to policybazaar and the executives will do A to Z process for claim settlements. Please stop misguiding people.
On this accounting closing day, let us thank hardworking minds that will pull of the task of analysing all the graphs, charts and data for the financial wellness of common people 📊 📈 📕 📝 🙏
You should make a awareness video for future policy holders covering all the reasons of rejection in settlement and claims by insurance company which will help how to avoid errors while taking policy.
Do you think a medical test report should be submitted while taking the policy as I heard that these insurance companies make obstacles in paying if there is a death by health issues after taking the policy.
Rachna ji. Pls make a video on Health Insurance. That is the most complex insurance when one decide to buy an insurance. I have term cover but want to buy a health insurance but I am completely confused which one will be better for me as compared to others.
Please if you can make a vedio on how to compare and choose amongst various term insurance plans available, premium payment to be regular or limited,if both husband and wife are working nominee should be child or child as well as spouse?
One thing you have missed to say as one person is single and has no parents he will definitely need insurance once he married and blessed with a kid .so as young purchasing term plan is good
Very detailed and informative video. You defined all things in one video. Thanks for sharing. Love your way of making a videos! Keep sharing such great things.
Fantastic content as always :-) You make a great point by clicking on yes for the smoke/chew tobacco question. Many often ignore the good faith disclosure requirement, the heart and soul of insurance contracts. The tendency is to blindly click no on the health related questions (usually the diabetes and hypertension part, Lol). If that happens, the outcome is often : CLAIM DENIED!
Hello I deal with HDFC Life Insurance Term Insurance as well as endowment...If you need then pls give a reply to this comment and give me your number. Our company will contact you
I am 21 yo and will start earning by Sept 21 I saw a video by Sandeep Maheshwari before and that day I decided the frist thing I will buy with my salary is an insurance. Because my father is 50yo. At age of 49 he got a term insurance. His premium is 55k per year. 1cr sum upto 85yrs. If I remove not my premium is 12k with 1.5cr upto 100yrs. This is just great!!!
Wait wait! If you started earning, then your father might not need insurance (ofcourse, if you dont have any loans). Also, Only because premium is low, don't over-insure yourself. While taking insurance, ask yourself these two questions: 1. Till what age will your children be settled (started earning)? => This will decide your term. 2. If you die then how much will be required to continue your current lifestyle for 20 years (or 10 years)? => This will decide your cover amount.
And by the time ur 70 1cr will not remain 1cr it will be like 5 lac after 50 years dude. 50 years back people would have taken term insurance for 10 lakhs as it was huge amount in 1970s but now u see. I hope u understand. Chose a higher premium. The higher the premium the better it is. And don’t delay it as premium increases
This video can give some knowledge regarding why one requires or need insurance. When one buys term insurance online (as you suggested in this video) that to without medical and not knowing what are all the exceptions in Term policy. Then when the unexpected things happen then only the nominee knows how many big coverage policies are settled by different companies. Before buying any Term insurance for one crore and above please do check the settlement ratio of different companies track record in that category. I as a Life insurance agent strongly suggest to buy a Term insurance plan without any exceptions (with medical) even though it is costly.
Thank you for the useful information ma'am. I request you to make a video on LIC telling us whether and how much we should invest in it, it would be really helpful.
Hello Anand Sir I deal with one of the top rated company that is HDFC Life. We have both Term as well as Endowment plans. If you need any of them or have any kind of queries then please leave your number in comment box, our company will connect with you
Hi Rachana. Thank you for the video on Term Plan. What I see is still many people do not understand the importance of term plan. Three years back I took a term plan for 50 lakh with LIC but the premium is very high, almost double the amount in comparison with the term plan in private companies. I am planning to switch over to private company term plan through policy bazar because with the same premium I am getting double the amount of sum assured. Please help me in understanding will it make any difference in buying it from LIC and through policy bazar in private insurance companies.
Very good information video what we are expecting from your side thank you but can you mack one more video to cover which kind of peoples age should go to bay which kind of insurance it Good if you can mam thank you for this video as well as 👌👌👌👍👍👍
Please also cover misselling by the agents and other pitfalls in a separate video as most of the agents look more for their commission than the customer's benefits. Thanks
hello I'm new to Bitcoin trade and I've been making few loses, but recently I saw a lot of people earning from it. can someone please give me a new strategy or at least tell me what I'm doing wrong?
I was once in your situation also, I made a lot of loss when I newly started Bitcoin trade until I contracted an expert trader who now trade for me while I receive the profit.
Very nice video but i felt ended abruptly, as I was expecting you will cover T&C of insurance and what care we have to take while declering self details. I have few questions and felt you are right person to answer. Which is better ? buying via pilicy bazaar or direct company website? In othyer words will there be any hidden commission be taken by policy bazaar? also if we are taking via policy bazaar, will my family have policy bazaar support in case company is trying to reject claim for not so valid reason Also I have 2.5+2 crore Term insurance (including 2 cr accidental rider) so is it safe to have big sum by single company? i heard if sum is big then companies put more effort to reject claim. If i take from more thna one companies then my premium is going high...
@@digsawai as per the Amount settlement ratio and premium to be paid, I feel max life, TATA AIA and ICICI Prudential are better in private and LIC's eTech term is better so took from all 3 private players to minimize risk instead taking from single company
@10:02, mam telling that she earns 10 lakh p.a. in earlier part of video for example but here she chooses 15 lacs + with a smile on her face! Love ur innocence mam😂😂😂❤️❤️
Claim settlement is different from customer satisfaction index. Unfortunately no company in india publishes this. Settlement involves bargaining and may not result in customer satisfaction. irdai ofcourse wants to solve every claim and keeps track. But they should also follow up on customer satisfaction
Hi Ma'm, I really love the efforts you put in all the videos. I am 26 & I did get a term insurance last year but i still would like to here your thoughts about it. I have few question about the term insurance: 1) What are the ideal additional riders one should opt for? Like personally i haven't added any rider options as no one is dependent on me in my family for money. 2) My current benefits cover me for 45years & i have opted for annual premium for just 10years(Is this really a good thing to do compared to paying annually for the whole term? 3) The most imp question i have: Statistically speaking, What kind of claims are really accepted? like if i have not taken extra riders (accidental death, critical illness) what exactly is my insurance covering in this case?? Is it really worth it? am I overthinking this?
1) You should have chosen disability rider which will insure you if you get a permanent disability but did not die as in this case also you probably won't be able to continue working. Also, you don't have to look for dependents at the current time but plan for dependents in future like your wife or children. 2) Generally its advised not to chose paying for lesser term than your cover benefit as over the time due to inflation premium will be negligible after 20-25 years. and yes its better to take term plan than whole life plans. 3) Simply, if you die your nominee will get the insurance amount. Here, die literally means DIE. Nominee wont get money if you are critically ill/ severely handicapped or any other situations). There are only two conditions:1. Your death should not be because of Suicide or drunk driving. 2. You should have declared everything truly. (Notify your lifestyle changes like started smoking/drinking.. they will increase some amount in your premium but you will be covered else when nominee tries to claim this they will find that you smoke/drink and didn't told them and they'll reject the claim. other than this, you are all good!
@@rohitsoni9325 Thank you for taking time & replying me, I really appreciate it. I still have some queries over you answers. 1) what is the probability of a person getting disabled? Personally, I am an IT professional who will be spending most of his life starring at a screen, so i really don't see a point in opting for that option but i will definitely plan for dependents cover in future. 2) I am sorry i did not understand your calculations here. Here's an example.. 75lacs cover for 45years, the premium will be around 7.5k/p.a for 45years i.e *total 3.4lac* or 16.8k/p.a for 10years i.e *total 1.68lac* . Isn't the 2nd option of payment more beneficial even when you consider inflation? 3) My concern here is how commonly a person dies with critical illness?? To put my question more accurately, If a insurance company has 99% claim settlement ratio, Then what parameters is the company looking at in case a person has died & has no extra rider options opted? Do you have any common case studies that i can refer to?
@@lifeenjoy. search "freefincal term insurance" ( I'm not promoting the channel). There will be 3 to 4 videos, watch that. All your questions will get answered. As your name says enjoy your life bro.
Such a good influencer she is, But I hate these promotional videos. Around a month ago.. she suggested to buy TATA ULIP plan and Now policy bazaar TERM plan.. Asa kese kaay...........
Rachna.What you have explained is what is available and understandable easily.What I wanted to know was when there is a base life-ins-Premium(which says it covers death).Why accidental death topup premium again. Endowment policy doesnt differenciate illness and accidental death
Hello madam, this was a wonderful informative video about life insurance. I want to ask something related to this: If I buy a term insurance plan from any insurer and unfortunately the company gets shutdown in the middle of term then what happens to my insurance policy, will it be active or not for the entire term?
I hope private players will increase premium if they get some loses. So they will not go bankrupt. IRDAI is the regulatory for insurance providers. If a Company wants to start providing insurance, then it needs to be registered by paying 500 crores. If a company shows very poor results, then I think IRDAI will merge that to other insurance player or other player will take all existing policies. If you want more details, check out IRDAI website.
Guys do not just go by premium amount. View the terms and conditions. I took one of the policy few years back later realised they are meant to collect only premium and not to pay in case of demise of insured person.
