I m job holder age 32 year. In 2019 i purchase LIC (life insurence+ sum assured) after 4 year watching some youtuber , i realised that i m burning my money. then i surrender my Lic( दिल पर पत्थर रखकर)😮 and got approx 65 percent my money..then i purchase 1 pure term insurance.. 1 Elss MF( for tax benefit) and rest of money in direct stocks(15 returns now).... Thank u some genuine youtuber like Pranjal sir and LLA channel.. jo डूबने से बच गया।😂🙏🙏
Hi Pranjal, This is you are spreading half knowledge with everyone. We all need all kind of diversified portfolio, like Insurance, MF , Stock , Gold & Bonds etc. Also note everyone is not eligible to purchase term insurance, 6 to 7% fixed return is quite good for guaranteed. I have MF and Ulips and I found both are almost same . Even ulips gives me tax free and better than MF in Long term.
Sir, I am a huge fan of yours and following you since 3 years. But, today first time I found an error in your video. Indexation benefit from debt mutual fund has been removed in this year financial bill. Kindly look into this. Sadly, sarkar mehelo me rehne lag gayi hai.
My viewpoint and an interesting analogy… 🤔 I think that a common man who is not so financially literate has a different perspective when purchasing such policies. Let's understand by example. Suppose there are 2 plans. 1. Term plan - 20 Rs per month premium & 1 Lacs sum assured in the case of death 2. Endowment plan - 100 Rs per month premium, only 10k sum assured in the case of death & 1k monthly income for 10 years Now let's understand how a common person think. Suppose if I have 200 Rs. Case 1: 2 people come to me and ask: gives us 100 Rs each. And we will give you 10% interest after 1 year. Means I'll get 220 Rs Case 2: 1st person will give me 25% return & 2nd person will give 0 % return. So after 1 year I'll get 225 Rs. By seeing above case, it seems that one should go with 2nd option. You're getting more interest, but people would choose 1st option. Because according to their mindset, they should get something out of each portion of their total amount. They don't see the overall return. Now if you try to explain this person for our insurance case. As explained in our original example, endowment plan was of 100 Rs. Let’s split into 2 portions: 20 + 80. One can buy term plan at 20 Rs & can increate SIP in index mutual fund using remaining 80 Rs. The return would be much higher in this case. But people would think, why we should give 20 Rs to term plan company? If nothing happens to me during policy duration, then we won’t get anything back? That 20 Rs premium will be of no use. Some people who don’t know stock market would argue that it is not safe. Endowment plan gives us guaranteed return but here we may lose money if we invest in equity. Which is not true in 99% case if we take horizon of 30-40 years. Index would give 12-15 % return atleast which is quite higher that 3-6 % in endowment plan. So I had this high-level thought to explain to such people. I haven’t had a chance to put these figures in actual premium calculator to conclude whether it will be feasible but you should get some basic idea by reading this… So as I said earlier in our hypothetical example: 100 Rs for endowment plan & 20 Rs for term plan What if we divide 100 Rs like this… 100 = A + B + C + D A = Term plan premium (20 Rs in our example) B = RD premium C = SIP in equity MF D = Remaining amount So basically can we divide a relatively high premium of endowment plan into 4 component such that we can… - A: Buy term plan of same Sum assured what endowment plan was offering using A amount - B: Invest in Recurring deposit and get fixed return what endowment plan would provide - C: Get additional return by investing C amount in index MF SIP - D: Still some amount remains which we can invest in either A, B, C as per our preference. The idea here is divide & conquer. If you try to argue with those LIC agent why endowment plan is better then they would give dozen cons of term plan. So here we are dividing large endowment plan to small chunks and still able to get all those benefits what endowment plan was offering. So let’s put random values in above equation … 100 = A + B + C + D = 20 + 50 + 20 + 10 Endowment plan was giving me 10k death sum assured. I got it by paying 20 Rs in Term plan. But I don’t trust in private companies like HDFC, ICICI, etc? What if my family don’t get amount after me? No worries! You trust LIC. Right? Then choose LIC’s Tech Term over endowment so your trust issue got resolved. Endowment plan was giving me 1k every month after 10th year. So By investing B (50 Rs) I am also getting 1k. But I don’t trust private banks. No worries. You have SBI & Post office as govt optins. Safe options & guaranteed return. Till now, we covered all benefits of endowment plan. Now everything else are extra perks. I would invest 20 Rs in index MF. Which will give me 13% return. What if someone tells you if market crashes! You can reply… Hey even if you get 0% return here, still you’re not losing anything. Because A + B covers what you were getting in endowment plan. Still we have 10 Rs left as D. Which we can invest either in A, B, C. Depending on what is my requirement. For example, let say if I need more cover. I would invest in A and instead of 10k, I would get 20k death cover. Now question is whether is it possible to divide endowment premium in A + B + C + D? That’s I’m leaving on you to calculate 😊
Sir. At first aapka motive logo ko help karna nhi hai..ap apna subscribetion bdha kar paise kamna chahte...aapko khud abhi jarurat hai insurance ka aur knowledge lene ka.... endowment plan me bhi sum assured premium ke sath increase hota hai...aur aapko Wop riders ka bhi pta hona chahiye...sir insurance sirf Marne ke liye nhi kiya jata hai...agr ko long life jiya to aap kya krenge...ydi koe early disable ho gya to aap kya karenge....sir aapke mble me 1000 contact honge bt kisi 2 ka name likhne ke liye bolu jo aapke long life aur aap disability ke time aapka sath de de to aap sayed nhi likh payenge....
श्री गणेशाय नमः ॐ नमः शिवाय राधे राधे जी सियाराम राधे कृष्णा जी गौ माता जी गुरू भगवान शिव पार्वती जी राधे कृष्णा जी गौ माता जी जय माता दी गुरू भगवान माता पिता जी मुझे सदमार्ग पर चलाते रहिए 😢 मुझे सदमार्ग दिखाते रहिए सद्बुद्धि देते रहिए मुझे काबिल लायक बना दीजिए 😢😢😢😢😢
बहुत अच्छी जानकारी। आप ने term और endowment का फ़र्क़ बताया, लोगों ने समझा व एंडोमेंट को मना करने लगे। लेकिन ठगों ने नया तरीक़ा अपनाया है। वे अब ये नहीं कहते कि यह एंडोमेंट पॉलिसी ले लो, बल्कि वे बताते हैं कि हमारा एक बहुत अच्छा इन्वेस्टमेण्ट प्रॉडक्ट आया है। उनकी ज़बान से इन्शुरन्स, एंडोमेंट ज़ैसे शब्द ही नहीं निकलते। लोग फिर फँस जा रहे हैं।
भगवान ना करे कुछ हो गया तो Term में तो कुछ नहीं मिलना कंपनी 100% कुछ ना कुछ कमी निकाल कर पैसा रोक लेगी फिर लड़ो उनके बढ़े बढ़े वकीलों से कोर्ट में और मुखिया ही गया तो लड़ेगा कौन
Which term insurance and health insurance you have taken for your family and why. Without any filters, please make a video on this sir. It will be really great.
You are wrong you can't identify according to age There are different options for different person according to the age, need & requirement Don't compare insurance vs mutual fund And you are wrong about taxation of debt funds
I am adequately covered thru term plan and have a sizeable equity portfolio, hence in order to diversify gradually to fixed income category and with an objective to lock-in a higher interest payout today, i choose to go for 'Guaranteed Returns plans' by TATA AIA where I am getting a tax free returns of 7% (including GST on premiums paid), for 30 yrs alongwith return of premium at end of 30th year.....
You are not going to save people but befooling people. Because you are judging a book by seeing its cover, go into the deep of the book then you will understand true story.
PK Bhai, Debt MF me ab indexation benefits nahi milega from 2023. Upar se jo guaranteed product hote hai Insurance company k wo market linked nahi hote hai and if you're guaranteed income crossing 5 lacs + then u have to pay tax. Of course, term insurance is very important
Pranjal aur aise hi Kai youtubers k jal me bhi fasna mat. Ye sab apne fayde k liye kuch na kuch batate rahte hai. Don't waste time watching these so called Gurus. Insted spend time on your growth.
Sir having one basic question if we already have sufficient cover with term insurance and just to lock around FIXED 6% return for next 25 years so still you feel these policies are bad... As with my limited knowledge I'm not aware of any other instruments wherein we can get FIXED returns for 25 plus years Thanks
Pranjal Bhai, you didn't even discuss the Whole Life Insurance policy which has your health insurance covered + It works as an investment as well with generational wealth creation ability for your family. In addition to that you can use it for getting bank loans for any personal or business purpose. I have watched some videos on it but they are all made with US-based Investors or Advisors which I cannot compare to India. Can you please provide detailed information on the Whole Life Insurance policy? If there is a video you already published then can you please advise on that?
Don’t fall for such who,e life policies . Remember never mix insurance with investment. Buy term and invest the difference yourself . So get quotation for pure life insurance companies and compare and buy one . And that too with medical . Buy separate health insurance .
Sir u may be wrong some time, long time back I got LIC plan of jeevan shri which gave me 12% p.a fix return from the day one till date with limited paying term ! Also tell if insurance company's returns are so low then how are they surviving & flourishing with premiums ?
Sir Actually These RU-vidrs are running Propaganda. They are paid by MF houses. They don't have any professional Lisence and Proper Education on this matter. They just make videos without deep knowledge. Pranjal is an Agent of MF.
@@ahinguha3934 May be... May not be... Who knows... Chit fund companies used to show Excel sheets and formulas... But in real world result was different...
Please make a video to spot out the difference among ULIP, ELSS, NPS and Endowment plans including taxation benefits which I think will be a great initiative for normal people. Also if you cover the parameters to choose best term insurance and life insurance policies along with some examples, it will benefit a lot of normal people
Saumik Bhai don't depend on others. Only you can choose what's best for you. Not any other. Take efforts, take pain. Don't outsource your life to such fake tubers any more. Awake !!
You only need a term insurance and a health insurance. Beyond that don’t waste time understanding others. New products are launched by companies in expectation that they will make more profit, not to make your life easier. So in this case stick to the basics. Rest money distribute among debt/equity/gold.
@@nandkishorgurjar3400if you have lock in period, you can't get your money back before that period. You can stop sip at any time and your growth will stop at that time. After lock in period you will need to pay some cancellation charges and you will get money back.
If you are too much risk averse then go for hybrid funds. They give good returns compared to ppf epf etc and also doesnt fall much during market crash. 60-40 or 65-35 ratio is good enough.
This depends on person to person. For someone who wants certainty in life and can sacrifice huge returns with risk. Can go with these plans. Please note these schemes do give 5-6.5 % return. If someone is guaranteeing this for the next 40-50 years it’s not bad. I live in US, for me 5% is much better than 1% return I would get in US
After knowing about the rate of return, i have enquired about surrender value, came to know that bonus will not be paid, hence i didn't pay anymore so that it became paid up
My LIC policy will give 2.5% return on maturity after 12 years. It was sold to me by saying that I'll be able to purchase my dream 4 wheeler when matured. However I own a pulsar bike now, but the agent own 2 x 4 wheelers and a 4 bhk luxury apartment. I regret this decision jindegi ke sath bhi, and will regret jindegi ke baad bhi.🥲
U can’t trust the return because jst imagine when u need money suddenly something happened and market goes down. All of ur return will be vanished within days
1.. Jaldi se jald ek term insurance Lelo and future secure karlo 2. Normally aise plans minimum 10 saal chalu rakho....10 saal ke baad turant bandh Karo and uska returns around 6-7% ayega woh leke chup chaap woh invest karo
In Apr'21, I bought one LIC policy but in next few months I saw one video of yours where you explained how to calculate the return of such policies. To my surprise when i checked the return on my policy, it was merely 6.5 percent. So i went with ur suggestion, keeping in mind the same premium amount, I bought one term insurance which gives me same assured amount + add on coverage on accidental death or any physical disability + critical illness included. And bought the mutual fund with monthly SIP. The only loss that occur to me was the premium amount that i already paid to LIC, which is around 50k, but now when i look at the return from mutual funds, all loss recovered. So go for best term plan available and invest the remining amount in any of the investment plan you like.
Please correct your knowledge pranjal. I worked in bank and also selling some insurance plans. With proper jeed and requairment. Their is good plans. Just some agent selling and miss guide people fo higher commission.
Lic plan can't be seen as only investment its investment+ insurance. What if something happens to you, stock market won't give u anything at that time. Private insurance hardly give claim on time they make excuses to avoid claim thts where lic saves us, plus its a tax saver...
Agreed but why buy a endowment plan combined with insurance . Best option is buy pure term insurance and buy a immediate or deferred annuity which will give income . And both from LIC
I have a question the maturity benefit after the policy is not taken care, like SBI platina plus guaranteed income has this option for maturity benefit... Which is calculated by multiplying some factor with the insurance premium,.. let me know your thoughts
I am half way through your video and I felt the urge to like it.... you have nailed it man. Too good an explanation and simplified it for us. Thanks again bro
There are no cons of term plan. Only con is that after completion period of term plan we wont get back our premium amount which is ok because premium amount is less.
@@paapigamer I deal in capital market and insurance industry pls do not tell me this. Term insurance plan is not for minimum income it is for our beloved family when something unfortunate happens to us.
Hi pranjal, Thanks for such useful information as always. Also, there is GST collected on the each premium which 4.5% for first year and 2.5% from second year onwards. But i have a usecase where i need to have a fixed amount after 5 years and i come under 30% tax bracket. So this is better than fd right with approx 5-6% tax free return . I hope you can take my question
Term insurance me kitne logo ko pura 1 crore paisa mila h ye v btayen .....kyun ki sb company bale bol dete h 94 ya 95 % mila lekin 1 crore bala sara decline ho jata h ek video is par v bnaye
बहुत सही स्क्रिप्ट बता दी आपने पॉलिसी सेल करने के लिए मैं एलआईसी में नया नया ज्वाइन हुआ हूं। आपकी ये स्क्रिप्ट बहुत काम आयेगी। अगर हम इंश्योरेंस नहीं बेचेंगे तो कोई और बेचेगा और लोग खेरीदेंगे ही। और हमको भी तो अपना घर चलाना है ना तो कोई भी धंधा छोटा नहीं होता और धंधे से बड़ा कोई धर्म नहीं होता।
Hi Pranjal ....Could you please make a detailed video on REIT.....is it the good option for those who want to invest in real estate but doesn't have the large capital
During covid period insurance companies paid lakhs of death claims. Those unfortunate families got the actual benefit of having life insurance policy. We should invest in other instruments as well as in atleast one life insurance, Cause we never know when a situation like covid arrives again in future. 👍
@@subhrajitsarkar3222 yeah, he is promoting term insurance, i get that. But first 18-19 minutes of his video highlighted the disadvantage of insurance, which i wanted to point out.
Sir, two questions I have. 1. Monthly or Yearly income is not fixed for entire 15/20 years then how to take it into account? 2. Indexation is only applicable in land? Why not in other items like gold, consuming products, and all. Because price of those are equally increasing day by day like land. Thank you for this video.
Bhai jo bhi return ayega woh tax free rahega....bhale hi thora kam return mile but still sabse pehle return milaga...so in short one should always keep an LIC or PLI....one should work as per risk apetite...
Hi Pranjal, can you pls help understand LIC policies, there are not much good videos explaining them on youtube. I am specifically concerned about Jeevan Lakshya (833)and New Jeevan anand(815)
Hi Pranjal, Thanks for a great video, Your guidance is good for someone who didn't invested yet in these plans but the one who already invested what will be the decision for them ? I have invested in this plan for 2 years, should I exit now with surrender value or how to deal further, can you please guide. 🙏 Looking for your next response soon. 🙏
PK bhai, also suggest how to exit from Maxlife whole life plan..?? When going for surrender,approx65% premium amount deducting.. sirf loot macha rakhi hai or logo ko fasatai hai agent.
Sorry bro but you can't exit early but if you have paid premium for more than 2 years you can stop the paying premium and you can receive lapse paid up amount after maturity if it is a traditional plan
Dear Pranjal insurance plans are not for investment purpose, If you're against insurance investment plans, think of it like skipping a rainy day fund. Sure, you may never need it, but if a storm comes, you'll be grateful you had it. Insurance plans are a safety net for your financial future, providing peace of mind and protection for the unexpected.
Yes you are right . He is not against insurance but he is saying not to mix insurance and investment. So go,en rule as you also are saying Buy Term and Invest the difference .
There's a problem with term plans that may come in the way of people, it being that a lot of them need income tax returns or credit card statements etc... And most people who end up buying these endowment plans don't have ITR or a credit card.
Hi Mr PJ I think one thing you missed while explaining endowment plan, as u memtioned term insurenec is covered but that coverage will come only for those no of years for which you are paying actully while endowment plan like Jivan jyoti from lic , we gets life coverage up to those years when we are not paying even i mean for example we pay for 20 years while we gets life coverelage for 75 years but term insurence doent gives this flexibility.
Sir , ऐसा लग रहा है किआपको insurance का ज्ञान बिल्कुल नही है , पूरी की पूरी वीडिओ गलत जानकारी से भरी हुई है , आप समाज मे कृपया भ्रम न फैलाएँ , अपना ज्ञान बाधाएं 🙏🙏🙏
एक बात में बिलकुल भी लॉजिक नही दिख रहा है कि 12 साल में 12 लाख रुपए दिए गए,फिर अगले 12 साल तक हर महीने 2 लाख रुपए मिलेंगे तो 2 करोड़ 88 लाख रुपए मिलेंगे न ,वो कम कैसे हुए😂,,अगर बोलने में मिस्टेक भी हुई तो 2 लाख रुपए साल का बोलना चाहते होगे पर इस हिसाब से भी 24 लाख होते हैं,,😂
Yes..this video helps. I completely agree to what he said. But I just think about the families of That agents. The agents themselves knows deep down that they are doing wrong but they do it because they have to do it to earn their livelihood. I think THE COMPANY should not put so much pressure on the agents and also if they do so, Provide at least 8 to 9 percentage or more returns to investor tabhi toh hum us plan me invest krenge warna kyu karenge.
I have had enough of these videos against endowment policies, etc. and I can surely say most of us have already understood that these plans are very bad.. But please make a detailed comparison video of different term life plans so that we can actually buy those plans.
I am a Financial Advisor myself. The best planning is to have a combination of insurance (term plan and endowment plan) and capital markets (mutual funds and stocks). Also, never surrender your insurance policy, instead put them into reduced paid up returns, i.e. stop paying the premiums. If you surrender, you will get a part of the premiums paid till date and if you go for reduced paid up (stop paying the premiums) you will still gat something at the maturity of the policy.
Sir I respect you bhut But at 10:10 min you gave wrong example if any person give premium till 9 year, person get bonus also with sum assured. I can’t understand how basic life insurance can compare with mutual fund or term insurance sabki kuch fayeda nuksaan hai . Aapne finology me mutual fund bechne ka plan hai toh video bna rahe ho ye sab galat hai .
In future there will be very very few things which are tax free ....think about it endowment with tax free returns with XIRR above 6% is as good as a taxable FD of 9% in today's date considering 30% premium tax bracket if we are there... Need ur guidance if I am saying the logical thing or not ?
Sir you have done a nice analysis of financial planning insurance planning. But it depends on the perspective of the beholder like a glass of water is half full or half empty. It is necessary to consider what is actually insurance and what is its purpose. Investing in an insurance plan is definitely not about the percentage of return you will get. So insurance plans are sure to protect your future income as well as ensure certainty of obligations based on your future needs. There are many options available to beat the inflation rate but there is uncertainty as all these options are part of the country's economy.
Mutual funds are always better for long term, say 10 years or more. My dad says he got an average of 15-16% CAGR throughout his life. When you choose guaranteed plan then you just get around 7% returns. The biggest risk is not reaching the goal with such kind of investments. I regret investing in ppf because I got 25 lakhs now which could become 1 crore by now if i had invested in mutual funds.
Biggest problem in India is that term insurance is available only for who got good income means around 3lack, but about below who really need insurance. I want to say when a person is ready to pay your insurance premium then why not term insurance available to him.
@@deveshjain2438 no brother they don't give. They ask for income proof, the who is working in unorganised sector from where he give income proof. They need itr and others.
Their is 1 option available that is ageon life i-term plam that give upto 49lakh 99thousand term plan without income proof but you should be minimum 10th pass and your annual income minimum 2 lakh..........for more information I can help those people
I have running LIC endowment 814 plan, started in 2014. Now 10 years completed, premium is 32868, should i stop and surrender it or i should continue. Plan for 21 years, policy insurance 7 lakh. I have seperately term plan from HDFC Life which i have taken at age of 30 in 2015 for 75 lakhs.
From lic Age 30 , annual primium 1,00,000/- plan 936-21-15 , sum assured 18,00,000 Natural risk covers 18,00,000/- Accidental risk covers 36,00,000/-. Both from day one If he dies after 10 years Naturally 28,00,000/- Accidentally 46,00,000 Total returns 36,00,000/- IRR - 6% Don't compare Orange with banana 🍌
Sir term plan lena he father ya to mother pe but vo graduate nhi he to kaha se milega because family unpe dependent he to mera lena usey jada unda lena jaruri he Company graduate log to hi milta he esa bolti he Any solving ho vo batao 😢😢
@pranjal kamra..Sir could you please advice me..if I have already purachse one HDFC policy with 30k annual premium...how can I surrender it . What will be the right to surrender..it already paid some primium
