Zero cost term insurance | Things to know before buying an insurance
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- Опубліковано 28 сер 2024
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Understanding Term Insurance vs. Zero Cost Term Insurance: Making Informed Choices
In this video, we delve into the world of term insurance and the intriguing concept of zero cost term insurance. Term insurance offers substantial financial protection to your loved ones in the event of your passing, with the added advantage of affordability when secured at a young and healthy age. But what if you could take it a step further and enjoy coverage without any upfront costs? Enter zero cost plans - the focus of our exploration.
🔍 How Zero Cost Term Plans Operate:
Zero cost term insurance plans promise to reimburse your premiums at a specified date, effectively reducing your overall expenditure to zero. This intriguing proposition allows you to obtain coverage without a direct monetary outlay. But the catch lies in the conditions set by insurance companies, which we'll uncover.
🔒 The Fine Print: Issues and Considerations:
While the notion of a zero cost plan is enticing, there's more to it than meets the eye. We analyze the case study of a major life insurance company's zero cost variant and dissect its intricacies. These plans often require you to commit to extended policy terms and to surrender the policy prematurely, limiting its long-term utility. Our experts delve into the potential drawbacks, guiding you towards making informed choices.
📈 Benefits and Caveats of Zero Cost Term Plans:
Discover the potential benefits of zero cost term plans, including the absence of extra premiums and the flexibility to choose between the standard policy and the zero cost option. For those in their early 20s seeking extended coverage, this could be a valuable choice. However, we also unveil the hidden costs, such as inflation's impact on returned premiums and the exclusion of GST from refunds.
Join us as we demystify the world of term insurance and zero cost plans, equipping you with the knowledge to safeguard your family's future effectively. Making the right insurance decision involves weighing the pros and cons - and in this video, we help you strike that balance. 📺🔒
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Useful Information Boosan, Personal Finance Tamil, Productivity, Self improvment
Boosan
Buy Term Plan & Get Online Discount Upto 10%👇
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Health insurance eppadi select panrathu guide pannunga bro
Hi sir ungaluku health insurance la ethana doubt na solunga Naa Aditya birla health insurance la work pandren
You are Amazing and please know that you are actually making a difference in all of our lives ❤
First time i felt I should watch a video in 0.75x speed. Essential video.
Health insurance guide please
and thanks for knowledge ❤❤
Hi sir ungaluku health insurance la ethana doubt na solunga Naa Aditya birla health insurance la work pandren
Exactly bro just few weeks itha pathi therinjukitta irundha neenga nalla explain panninga
தெளிவான விளக்கம் 😊 I wish you and our people growth ahead.
தேவைக்கு தகுந்த அளவு தான் தேவையான அளவு தான் Term Insurance இருக்க வேண்டும் . மிக சிறப்பு. சரியான முடிவு.
உங்கள் வீடியோ பார்த்து நான் ஒரு Term Insuramce எடுத்து விட்டேன்
நன்றி .
Awesome bro! I recently bought pure term insurance only. I would like to add few more point
1) Book rule is your Sum Assured should be 10X your Annual CTC - But as you correctly pointed out, you should consider your debt / loan and choose your SUM assured , rather going with 10X rule.
2) ULIPs / Money Back Insurance are not useful for us in most of the cases..
3) My Suggestion - When you are buying insurance check - Premium wave off if permanent disability / critical illness etc.
4) Be transparent and declare your medical conditions true to best of your knowledge.
Can you pls share the term policy you took. It can help me as I also looking to take a policy
Is it good to take policy upto 75 years? Or upto 65 years as said by him?
@@arunkumarm7435 60 years itself should be fine .. moreover it’s not mandatory that u need to pay the premium till 60 ..
@@krishnamoorthynatarajan6903 sir, I have already taken the policy 4 years back for 75 years in icici prulife.whether my decision is right or I still can make some changes?
Wow! Just today I explained the importance of taking term insurance to my friend's and encouraged them to take as quickly as possible. I was about to read about various form term insurance and it's benefits.
Here you are with this video thank you🔥❤
Great to know you are spreading awareness among your friends.
@@finance.boosanoru doubt, after death, claim pannum pothu postmartem report mandatorya bro, please answer 🙏
Bro, I saw this video at the right time.. this is excellent information.❤
I have been watching all your videos and utilising most of my time beneficial for my life and growth. Keep doing the same and nothing to be improved at all 😊 Simply clear and awesome. All the best brother ❤️
Bro good information...!!👍👏 But many of us lack in applying this analysis points practically... would be greatly helpful if u shortlist and share some 3 insuarnce schemes ..in that which one u would prefer for urself ...and those insurance links to apply incase if anyone want...pls bro
Can you share which insurance you have bought and details about insurance tenure, payment of premium and limit.
LIC
Nice video sir. Only one suggestion Insurance is not risk mitigation but risk transfer. You cant mitigate the risk but you can transfer the risk to the insurance company.
Point is "inflation".....yes bro yes.....please could u tell any alternate way instead of insurance...thank u...god bless u bro❤very helpful awareness video🎉🎉🎉
Needed this info... Crystal clear explanation... thanks 🙏
Superb video.
Boosan bro, I really love your information, keep rocking❤
Big fan of your work bro ...😊
Super bro, romba nal enoda doubt onu clear achi thanks lot, but antha extra premium ha proper ha invest panuvana theriyala anyway its ok now...
Hii bro, please take about health insurance and how to pick
Useful information Boosan
Clearly explained bro..
Subscribed today
Your explanation is amazing bro👏
Very informative. Good effort keep the good work.👍
Super 👌 nanba arumaiyaga theliva sonninga
Simply Awesome Brother.. Thankyou
Thank you so much for the information
How to take medical insurance? Please post one video about medical insurance
Hi sir ungaluku health insurance la ethana doubt iruntha solunga na Aditya birla health insurance la work pandren
Sir,
Mutual fund unitsஐ phsical formல் இருந்து demat formக்கு மாற்றும் முறை, அதன் நன்மை, தீமைகள் பற்றி வீடியொ போடுங்கள்...
நன்றி...
Thanks bro... Useful video❤❤❤
Yaaruka health insurance la doubt na solunga naa aditya birla health insurance ka work pandren
Very useful information brother
Great brother. Very informative video.
What about riders on the Term Insurance
Bro can you invite Industry expert in any particular sector and do conversation/Interview. So that we get to know about that particular sector?? For example some one expert from chemical sector, Logistics sector etc
Hi @Boosan. Thanks for the sharing the good content. I made mistake at time of Purchasing my term insurance plan (1 year before) by choosing higher time period till 85 years. Now I'm gonna buy a new term plan with 60 or 65 (Max) coverage and gonna discontinue my older one. Can you tell reason for buying the term insurance at yearly basis as mentioned in this video. Your reply will highly helpful for me..
Hi Boosan. Nice effort. I have a small concern bro. I m unable to follow you. I got confused at some point. May be you are using some technical business terms fastly. Not only this video but also your other few videos. It would be easy to follow if you go little slow. Thank you ❤
Can we go ahead with the return of premium policy bro
Please explain little bit slow ..too fast audio editing....can't understand some calculations...
Bro fx trading basic to high solitaga broo
Clear Explanation Bro. But i have started my term insurance policy 6 months back coverage till age 80 and i am paying the premium till age 60 monthly 1600rs in bajaj Allianz. After watching this video till age 60 coverage is enough and we can invest the balance amount. But not sure they will change or not. Any other way to change? Suggestion please
What about Return of Premium ? That also seems beneficial.! 🤔
Premium return plans typically involve higher premiums. Additionally, opting for a straightforward term insurance plan with the same premium amount can be considered.
By redirecting these additional premiums into alternative investments, one can potentially yield higher returns than the guaranteed coverage offers.
So combining pure term insurance with the remainder invested will provide superior returns while ensuring substantial life coverage.
Any advantage on paying premium annually rather than monthly
❤❤ super good information sir ❤❤
Hello sir please help me
1 term insurance policy guide me
Sir
How to conduct you sir
Phonepe la epidi safe ah investment panalam... Entha option lam note pannanumnu video podunga...
SME IPO and Trade those shares - make video boss
Policy bazar doesn't show plain plan, how to find
Explain about health insurance as like this video
Great one🎉❤
Hi Boosan,
Nice Video and very informative.
Can you suggest the best company to buy Term Insurence (Max/Hdfc/Sbi/Icici/LIC)?
Health insurance policy detail video please for 25 age
Hi sir ungaluku health insurance la doubt na solunga Naa Aditya birla health insurance la work pandren
Where can we check the claim rejection ratio of a insurance company please.
Hi Boosan, bro please tell us on why HDFC stock is falling
Term insurance claimed only on accident or normal death please explain
Good information bro
Hi brother, first I have to thank you for sharing your knowledge, great experience for me from your videos, keep doing videos and my support to you always ❤.. I have a doubt, I'm planning to take a term insurance for 2 crore in TATA AIA, my question is whether to go with HDFC Tata AIA or policy bazaar, and I'm a 10+ years account holder in HDFC Bank, all my salary Home lone are with them only, in your experience with whom to take my policy? What is the advantage and disadvantage? Please suggest
Please go ahead with a broker or agent who would be ready to help your family in case they need to make a claim.
Bro unga ella vedio um pakkuren nalla teliva pottutukkeenga 🙏 ...but ippom oru invester mutual fund la sip panraanga...suppose he dies how will the nominee can claim the funds....also in a middle class family...share holder ku mattum than investing app laam use panna terium...in that suitvation enna nadakkum...can u pls explain me detail ....oru vedio ready panlama bo plz....niraiya perukku intha doubt irrukku
G term policy with ULIP details attached please
Best trem policy edukka help pannuga bro
Thank you bro
Bro Govt employees ku Finance idea podunga bro..
Sir, naan Tata Aia 80 years 12 years premium paid rs 22700 50 lacs SA. Paid 3 years. If now change plan is adviseable
Thank you
Which health insurance best for middle class family
Hi mam ungaluku health insurance la doubt iruntha solunga na Aditya birla health insurance la work pandren
Bro please talk about slb stock leading
Bro please put a video on SWP with an example
How to make regular income from investments? SWP With Live Demo | Earn & Make Money at same time
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Regular per year - premium
single - premium
Which one is best? Why?
Single...
Bro health insurance pathi solluga plzz
Hi sir ungaluku health insurance la ethana doubt na solunga Naa Aditya birla health insurance la work pandren
Health insurance pathi poduga bro
Hi sir ungaluku health insurance la doubt na solunga Naa Aditya birla health insurance la work pandren
Plain term policy la after maturity coverage varuma bro
Bro My question is Na yen term insurance edukanum instead can I invest in mutual fund ? Why term insurance is important?
If something unfortunate were to occur within the next 2-3 years, the investment value in Mutual Funds would likely remain minimal. On the other hand, Term Insurance offers substantial coverage, that's why investing cannot serve as a viable alternative to insurance.
However, this scenario can shift when the investment period extends to 15-20 years. During this timeframe, there remains a consistent possibility of unexpected events occurring.
Arumai Sago ❤🤞🏻😊
Brother just now am taking term insurance, I take upto 78 years,and will pay all the permiem with in 12 years ,can i change that into 60 years and pay the permiem upto 60 years, is that possible, am asked agent they told me it's not possible. Is that true?
Health insurance sollunga bro
Hi sir ungaluku health insurance la ethana doubt solunga na Aditya birla health insurance la work pandren
Why are u not taking into account the inflation while you are paying yearly for 40 or 50 yrs. I think to complete the plan and secure the money asap is far more important.
Term insurance premium remains constant for the entire period, so no impact of inflation for premium.
Endha Company nu suggest pannalame.
Enaku LIC tha 1st priority ah iruku
Good option
Health insurance please❤❤
Bro idfc 10 stocks iruntha merger apo evalo stocks merger ratio la kudupanga
Hai Brother, Na post office la postal life insurance pottu iruken. 16 years ku 6 lakhs coverage la athu best ah Ilayanu sollunga brother. Maturity amount 11 lakhs.
What's your premium payment?
True
Pls hearafter explain with board ...u r going vrry fast,cant understand
Bro, talking about tax details of long-term mutual funds
Mutual fund la invest pannathinga long term ku index fund thaan best. Nifty 50 or sensex index fund la expense ratio kammiya irukatha paathu invest pannuga.. Uti nifty 50 or banthan nifty 50 or hdfc index S&P bsc sensex
Tax kuna elss fund la invest pannuga athulaum samethaan expense radio kammiya irukanum . Elss 80c ku kila varum. 80c ku kila maximum 1.5lakhs thaan covor panna mudium. 80c ku kila thaan epf, ppf, elss, home loan principle amount ellame varum athanala neenga invest pannurapa epf amount minus pannitu invest pannuga. Apr elss fund ku lock in period 3 year irukum 3year ku apramthaam edukka mudium.
Thank u
Health insurance pathi soluga bro
Hi sir ungaluku health insurance la ethana doubt na solunga Naa Aditya birla health insurance la work pandren
Ipo 75yr ku plan yeduthutu 65yr ku aprm policy surrender panamudiuma
0:58 you can do it in Max STEP sir
Super boosan
Sir, How will I contact you. Please
Contact details can be found in the channel's About page.
Bro... என் பணத்தை கடன் குடுத்து நிறைய இழக்கிறான்.அதனால் எனக்கு stock market mutule fund இதில் deposite பன்ன நினைக்கிறேன்.ஆனால் நீங்கள் தெளிவாக சொல்லுவது கூட எனக்கு புரியவில்லை ஏன் என்றால் எனக்கு Basics சுத்தமாக தெரியவில்லை.zero knowledge.... அதனால் முதலில் basic and starting வீடியோவை சொல்லித் தாருங்கள்.....
ஸ்டாக் மார்க்கெட் என்றால் என்ன மியூச்சுவல் ஃபண்ட் என்றால் என்ன அதை எப்படி வாங்க வேண்டும் எப்படி இருக்க வேண்டும் அது ஆன்லைன் பரிமாற்றமா?? என்று தெளிவாக சொல்லித் தாருங்கள்.குறிப்பு- ஜீரோ நாலெட்ஜ் என்பது ஸ்டாக் மார்க்கெட் அண்ட் மியூச்சுவல் ஃபண்ட் மட்டுமே 😁😁
Stock Market For Beginners | How can Beginners Start Investing in Share Market | தமிழ்
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👍👌👌👌
🎉🎉❤❤
❤🧡💛💚💙💜🤎🖤🤍
FBI! arrest this guy.. Insurance company bankrupted due to this information.
Lol