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Hi Rachana Madam, I know you will not reply me but if you can please. My one of the friend he experiencing heart problems because no company has provided him a health insurance/term insurance In this situation, what should he have to do ? Thank you, Paresh Sahare
Please make a video on the new RBi rule that we need to produce bills while selling gold. In india gold is accumulated from childhood till a marriagable age in such cases how does RBi expects us to preserve bills. Now tgis is the assest we can sell fir immediate money . What are the options applicable? Pl highlight.
I have taken a term insurance in india now i moved to abroad became NRI. in that case my policy is still valid if any mishappening happened to me abroad ? Thank in advance
Both are completely different Bhai. Critical illness means rare illness to a common man. Health insurance means to cover all disease from early age and hospital expenses paid by insurance company.
For point 1, my prospective is people choose higher age as chances of natural death is more so the insurance amount will be paid to nominee in case insured person demise within insurance period, it doesn't matter if he is already earning, the extra money can be used for grandson's/daughter's higher education/marriage. If the insured age is less for example 60, there won't be any payment on survival and premium will go waste.
Another reason for going higher age is home loan, people who have taken big home loans also prefer to take term insurance till the home loan ends or higher age.
Bhai Sanjay, aapki baat sahi h but higher premiums dene ki himmat b to honi chahiye us age tak. Mne 60 Tak le rakhi h kyonki mujhe pata h yahi Tak kama sakta hu uske baad ka to pata ni aur Aaj k kalyug me kiska pata ki 60 tak jeeyega b
@@dejaitech2137 bhai full age cover tak kyu premium pay karna hai. aap age cover jyada lo or payment option kam years ka usse premium bhi kam aayega 30-40%, agar 30 ki age me 80 tak ka cover liya to 50 saal premium payment mat lo, agle 10-15 saal ka payment option lo. Or logon ke opinion alag ho sakte hain based on their income and other saving plans
Making money should be a routine A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k....
As with an my big financial decision, it’s important to keep your guard’s up for economic risks. However, smart planning, time management and seeking advise from a financial adviser can help keep you and your money safe.
financial security through diligent saving and investing should be on top of everyone's priority ASAP. I really need some guidance can this Fin coach guide me in this unstable times and why do you trust them much?
**What is an ideal maturity age of the policy? 60-65 age (best & premiums low)** Term insurance is typically known to be taken for income replacement, if something happens to the bread earner the people who are dependent on the bread earners should not face any hardship that is the reason why a term insurance is taken or a life insurance is taken. **What is an ideal cover for a term plan?** (if you have investments & net worth then go for 10x annual income or smaller insurance & if you don't have and you have labilities then go for 20x) **Should I buy a Zero Cost term plan? “NO”** **Should I add riders to my term plan?** Critical illness rider & Income Benefit on Accidental Disability Rider.
I have term plan with limited premium payment option but I didn't add rider in starting,now I want to add rider ,is it possible or not?? If possible,I have to pay the premium upto limited term or till the age of risk cover. Please reply mam❤
One point i wanted to add here on critical Illness rider is that some insurance providers has clause that they have to survive for 30 days to receive this critical illness amount which is missed by lot of people while buying insurance
Hi mam, You forget to cover 1 imp thing in this video is now days Insurance company are allowing zero premium term plan and any premium we are paying is invested by insurance companies in Equities with combination we chose. For example: TATA AIA term plan invest in their own shares and we can redeem/surrender that policy any time i.e. there is no lockin to surrender. So isn’t that a great policy with following benefits: 1. Zero premium with invested in equity 2. No lock in to surrender your policy 3. Many other are there Thanks mam for this video 🙇🏻
One correction- The critical illness rider doesn't just give out money when diagnosed with disease like cancer. It has to be at a certain severity level that the person doesn't have much hope to survive. Now suppose mr. Chandu has been diagnosed with stage 1 cancer, he doesn't get the money. But if he is in stage 4, he gets the money.
@@drneetukushwaha9783Whether the money received would be the total insured amount (say 1cr total term plan) or the critical illness amount (say 5lakhs )?
Exactly😂, I'm Just Watching *LLA* Video And I See That Rachna Ranade Channel Also Make On It After Them. By The Way... LLA Video Explanation Is Huge And Giving Ideas💡 About Insurance + Investment 🎉
A few things need to be clarified: Critical illness coverage will only be given if doctors confirm that the person will not survive more than 180 days from the day diagnosis started. Also, clarify on increased sum insurance and spouse benefit. What are the points to be considered to choose a company? What are the reasons for claim rejection other than false information? How could IRDAI or the government help to settle a claim if the company holds it? Is there any condition for the companies to pass a claim in a particular time frame?
As a government employee, I have pension benefits upon retirement and family pension upon death, which will be 50% of my last salary withdrawn. Do I need a term plan?
@@venugopalramasamy4533Please verify before commenting. I recently took a policy for my son and GST is 4.5/2.25%. 18% is not applicable for everything
@@2615Prasad For Life Cover option GST is 18% and For Life Cover with RETURN OF PREMIUM it's 4.5% for 1st yr and 2.25% on subsequent years. For NRI GST's will be waived Off ✌
Let’s say a person took 0 cost term insurance and he is now 55 have invested in sip for so many years and now he has 5 crores, now he can surrender the policy and stop paying the premium for next 5 years right? Also nowadays all term policies coming with built in 0 cost add on.
Video is well explained but as people we need to understand that we as middle class people always a have tendency to seek for the returns what we are getting after paying the amounts. For me starting my term insurance at age of 30 If I m paying monthly instalment of 3000 for till the cover age of 85 will lead to Rs.19,80,000/- which is a huge amount i have paid to insurance me for the sum assured ( Return on death before 85 ) will be 4.5 CR. So Even If considering inflation and every aspect, the Sum assured recieved to my Son /Daughter at the age of 40 or 50 will be valuable to them. At the same time I m getting tax benefit under 80C in old Regime. So in every aspect Its good For individuals. We all know that we will die by the age of 75 if we are 90s Born in this current lifestlye. So depended on Bread earner should be covered under such amount which will be valuable for family for in current scenario or even after 40 yrs. Its should be a wise decission to go for a higher premium. Parallel if some one want to save something then should Think of SIP of same amount till next 30 years, which can give them a return of Approx 1CR. which can be considered as retirement fund for the fellow at the age of 60. Layman people don't have a mindset of investing the minute amount. They may reduce the amount in Term plan but rest of the amount if they are not investing then it will be consumed under daily or monthly expenses. So rather buy a term insurance of 25X of Last 3 yers income + Invest the same same amount in SIPs for 30yrs.
We have heard that adding riders can complicate the term claim, how true is that? If the 0 cost plan is of the same cost as normal plan, is it advisable to take?
1st point is not acceptable... because you considered his Son as nominee instead of his wife... actually nowadays old age parents are burden for new generation...so the deceased persons old age wife is actually needed the sum assured... am I right or wrong...? बाकी तर तुम्ही एकदम झक्कास समजावून सांगितलं...बेस्ट
Dear Rachana, Why You all RU-vidrs dnt make 1 video on WHO CAN GET PURE TERM PLAN-WHO CANNOT..!!?? For all audience criteria for Pure Term plan: # Pure term is only for those who's sal is minimum 3lakh PA. # Pure term is only for those businessman who has a minimum 5lakhs PA shown in IT files of last 3 financial yr. # SARAL TERM policy is the only 1 for all with 25lakhs of Cover, and its premium is 2-3times higher than the Pure Term policy. Check it..
A person of age 30 takes a term insurance for 30 years and he dies at the age of 70 years. Now how much amount will the nominee get from the term insurance? The nominee will be getting nothing. Term insurance amount will be given to nominee if the insurer dies (except suicidal) during the term period then the amount will be given to the nominee.
My Age is 28 . I have a pre-existing medical condition, and despite applying for several term insurances, most have been rejected due to my honest disclosure during the application process. While some have suggested hiding this information, I am uncomfortable with that approach. Fortunately, I am currently earning decently, One thing i can think of is try applying again after my transplant but not sure. It would be really helpful any advice or alternative solutions you may have for individuals in my situation. Thank you in advance.
Cover some points in which conditions claim can be reject in term plan. Also data how many claims rejected and what was the major causes. So that customer can ask before taking term plan
Ca rachna ranade, pls also tell some interesting facts about finance influencers............tell us the dark truths of your community...... Ca ho itna toh kar hi sakti h😂😂😂
0:53: 💡 Key considerations before purchasing term insurance in India 3:15: 💡 Factors to consider when buying term insurance: premium vs. maturity age, sum assured based on income. 6:30: ⚖️ Importance of selecting appropriate insurance cover based on financial situation and seeking free professional advice. 9:28: 💰 Important considerations before purchasing term insurance in India 12:05: 💰 Importance of Critical Illness and Accidental Disability Riders in insurance. Recap by Tammy AI
Chandu died at 85. He made Term life insurance of 30 years. At the age of 60 his insurance plan gets off. As this plan gives returns only after the death of person insured. Then what does chandu bechara got by paying installments upto 30 years??😊 Plz. Enlighten me.
Mam, in Chandu's case you have not taken Chandu's wife in picture. A Male insurer buys insurance for his wife as nominee & not son or daughter in most of the cases. Secondly, you are indirectly/ unknowingly/deliberately criticizing Insurance Agents.With due respect, I Humble request you, please don't underestimate or insult them. You have full right to promote your products, but let rich people decide whether to buy Term Insurance or not.
I need an Important advice Mam, In a pre scanner device, I have shown oral cancer Symptoms. Shall I reveal it to the insurance company? It’s not been officially confirmed though… Shall I buy term insurance without revealing this info? I can take advantage of critical illness rider then. Like no scan was conducted!! Need an expert advice, please avoid commenting if you only know half things….
I am a Research Scholar at an educational institute, and I receive a fellowship monthly of around 45k (It is there for five years). Can I be categorized as a salaried person for term insurance?
Suggest if we are buying term insurance for the coverage till 60 to 70 years by paying low premiums but what if the policy holder outlives beyond this age ? Then this insurance policy will end with no benefits right?
The only takeaway from this is you were born poor, you will die poor, but if you want your child or grandchild to be rich, get a term insurance. By the way very nice animation. Much better than shingchan piece of $#!T.
Please don't give this much expressions in thumbnails, gone are the days for falling to thumnails. If content is good, will get likes, will get coverage and all.
As the population of India will go decreasing, kindly don't buy any life insurance in India, do ur personal international insurance in US, Canada, UK, Australia or EU but not in India it will be worthless
मैंने पॉलिसी बाजार से tata aia का 1cr कवर वाला " स्मार्ट सम्पूर्ण रक्षा ROP"का टर्म इन्श्योरेन्स लिया है,,,7000 monthly pay करना है 10साल तक,,जिसको मैं 11th साल में ब्याज सहित निकाल सकते है(बोला गया है) (और मुझे 70 year तक 1cr का कवर मिल जाता है,,,,,,,क्या ये सही डिसिजन था,,या मैंने कुछ गलती कर दी,,plz बताएं??
Myopic view on the science of income assurance, replacement of human enterprising worth in terms of income. Scope of Life Insurance is much much more than covered in this video
Insurance is important for all. Even for high net worth individuals and even for middle class people. Either Ditto or You are promoting all this videos without complete analysis of the product and concept.
Sad to see tou rub behind money from promotions! You were trying to solve a problem and we admired you and were proud to see you on the billboards too but promotions like these only make your views more biased, specially when you endorse financial apps or solutions! My advice, you are doing a great job, don't run after money it will follow, and who knows this better than you!
Hi ca rachna … Prasad is not ca still he made wonderful video about term insurance - you are ca our community perosn - having vast knowledge - and you don’t went into details - These riders what you discussed you should read terms and condition of the same - if you read term and condition you will find it’s difficult to get the money as your illness will not be covered under the policy because they have used severe illness .. Means take example of cancer you will get money - no - your cancer should be sever you cancer should be at disaster stage then only … not just you deducted cancer and you get Money - please I request do detailed research before educating people take decisions based on your video it’s your responsibility to take make sure the pride of the two letters are intact when it comes to subject matter expert advise - otherwise give disclaimer read terms and condition before buying 😊 … otherwise as a person you are fantastic
If I take term insurance with my job but after 2yr or next yr I lost my job and onwards I will be unemployed till the term end then also I will get sum covered
Not satisfied with this video. Probably the low one. Even after paying some small amount for longer term u are actually making your next generation a bit wealthier
Term insurance best one present scenario... Bollywood industry sridevi 100 cr taken xyz co..., uncertainty boni Kapoor take advantage. India insurance 50 Co..., USA 50 k+ Insurance Institutes very expensive hospitality....
Hi Mam, Now a days with home loan we don't have compulsion to take insurance to protect from home loan companies and we have 2nd option to attach our term plan with home loan as insurance cover. Could you please suggest what option can we choose whether we can take home loan insurance or take term plan and attach to cover insurance against home loan?
I took a term plan but now I plan to migrate abroad and in coming years will gain citizenship of the migrating country. Will my term plan honour my claim and I may no longer be Indian citizen in future.
Your way of explaining is very good 🙂 I have set my preference as below after some initial re-search, let me know anything need to re-assessed or need to be considered. 1. I am taking policy with no return of premium, i prefer lowest premium possible, also want to pay off premium in next 10-15 years (Work in Software industry, not sure how long will work 😀). 2. I am planning to take coverage till the age of 60 (My daughter will be 27 by then). 3. Sum assured is enough to take care of house hold and education of my daughter. 4. Haven taken critical illness and disability rider.
Very informative video. More info and comparison on riders required..Riders are relatively expensive, separate personal accidental policy comparatively better..
hello mam kindly tell us whether to go with money back term insurance policy or not , like wtever premium paid or invested will be returned at the end of the policy term insurance .
Hi Can you cover point on term insurance from our ICAI.. is it good to do that or any points to be considered.. As understood it's for one year renewals.. and slab of premium as per age..
Thnak you for re-doing vidoes on important topics like this. Especially since the information get outdated. Like, Many including this Channel still do videos on topics like "renting is better than buying a buying an apartment". Yet, its not vaild since last year since rent especially in city like bangalore has skyrocketed!. Anyway thans for the video!
Is there any other disadvantage of buying a policy where the premium is returned after a certain age? Like higher being premium charged because of this clause or some other loop hole? @CARachanaRanade
