WATCH before buying TERM INSURANCE 2024 | Top Term Insurance MISTAKES
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- Опубліковано 12 лип 2024
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In this video, we will delve into common mistakes Indians make while purchasing a term insurance plan in 2024.
Stay tuned...
Happy Insurance Hunting!
Ditto is doing a pretty great job in my opinion however where I feel the disadvantage that ditto has currently that it doesn't have a app to kind of get a quote , go through some policies , or track a purchased insurance policy from the app . Hope ditto soon develops an app ( Android and IOS ) soon and then it will become at par with it's competitors. That's just my take and an honest feedback
Thank you so much for the feedback. We will make sure we relay this to the management !
Good Job ditto, loved the way yourl are discussing on answerung all questions which a buyer has in his mind.
I really appreciate Sushant’s approach
Thank you so much!
Clearly explained. Thank you ditto
very nice Sir. Disclosing LIC policies is understood. But I want to know is it necessary to disclose about Heath Insurance ?
Make video of Bajaj Allianz smart protection goal
This is what you call a customer first company than how other insurance brokers like policy bazaar behave.. Keep up the good work Ditto. 🙌🏻
Thank you!
I wish I knew ditto while buying my term life insurance !
Hi Team, Could you please provide your insights on whether opting for "Critical Illness Benefit" as a rider option is a wise choice or not?
It's a nice choice for real, if u r diagnosed with a critical illness u get a fixed amount which u can use to pay ur medical bills(above health insurance )or support ur family
About the accidental death add-on, considering the roads, following of traffic rules, accident rates, wouldn't it be wase to take the add on if they are paying over and above?
No the accidental death add-on doesn't make much sense compared to other add-ons it just gives ur family extra money which is very less, on ur death only, compared to the sum insured it's a small percentage, Critical Illness and Waiver of Premium on Critical Illness make more sense than this
Hey please make a video on saral jeevan bima. As your team will help for buying normal insurance but who will help for people who are not eligible
You're right. This is something that we will do right away. Thanks for the suggestion.
I dont agree with Salary multiplier while deciding cover. It should ideally be based on your lifestyle/annual spend.
I mean there are people who earn 50LPA but are pretty frugal and spend let's say ~10LPA(that's not stingy by any strect of imagination btw) for sustenance. 25 times for them is 50*25= 12.5cr which sounds like what you said 'over-insuring' but instead 10L(expenditure)*25 = 2.5cr makes more sense IMO.
We completely agree. This is why our advisors use NPV calculations after taking into account your expenses before recommending a cover.
What if salary reduces at the time of death.. let us say a person getting 10LPA. but after some time he is getting 7LPA and he dies. does the company will pay only 25x of salary (7LPA) or 25x at the time of taking policy
Hello
I think there is a slight confusion here. The term insurance company decides the maximum cover based on your current salary. They have their own guidelines on how they decide this maximum cap. Once you they do this, you can choose a cover that you're comfortable with subject to the maximum cap set by the insurance company. Once you decide the amount the insurance company cannot change the cover or other terms of agreement. So on death you will receive the full cover you originally bought.
@@dittoinsurance Thanks
Thank you for answering 🙌🏻
I have 2 ULIP Plan 1lakh each
HDFC Pro Growth Plus
Sampoorna Nivesh
Should I continue?
We don't usually recommend ULIP plans. At Ditto we strictly believe in keeping investments and insurance separate. In case you want to book a new term insurance plan, we can help you. Book a call with us now. Link in the description.
Not a Singal point is viable, watching this video wasteg of time,
You should discuss about reason of claim rejection
Instant mood boost!
Thank you :)