Max Life Smart Wealth Plan | Insurance with Guaranteed Returns | Hindi Review | Every Paisa Matters
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- Опубліковано 1 сер 2024
- Max Life Smart Wealth Plan is a Non-Linked, Non-Participating Life Insurance Plan which offers Guaranteed Returns along with Life Cover.
Swart Wealth Plan is a 100% Guaranteed Returns based Insurance Plan which comes in 2 different variants namely Lumpsum and Whole Life Income.
In this video we have covered various aspects of Max Life Smart Wealth Plan including calculation of real returns.
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Chapters:
00:00 - Introduction
01:00 - Type of Plan
01:36 - A Question
02:18 - About the Plan
03:09 - PT and PPT
03:57 - Eligibility Criteria and Premium
04:48 - Death Benefit
05:50 - Maturity Benefit
07:59 - Surrender Value and Loan
09:15 - Understanding Illustration
12:00 - Real Returns on Investment
14:11 - Who should take?
Who Am I?
If we haven’t yet before - Hey 👋 An Engineer by education and a financial enthusiast by passion - I'm Amit, founder, managing editor and primary author of Every Paisa Matters. Through my videos here on this channel, I provide the financial knowledge in an easy-to-understand format make money matters simpler for you.
#everypaisamatters #maxlife #insurance
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🌍 Link of Blog/Excel - everypaisamatters.com/max-life-smart-wealth-plan-lumpsum/
Thank you sir..
But I have the following doubts
1.What is the meaning of 105% of premium in the payback option. Who decides it n on what basis?
2. What if the minor policy holder expired before policy maturity,. That is within 1-10 years of policy purchase? How much is given to the beneficiaries?
Thank you in advance
Please let me know what is the difference between sbi smart platina assurance plan n this?
great amit ji
Good One.
How about making it a part of long term debt portfolio and lock the 6.5% IRR for next 30 years as bond/FD rates are going to come down in the future decades ?
Sir m jet airways m service karta tha company band hogai h pr mene resign nahi kra h Higher pension scheme kese hoga.
Please reply kre.
That's why life insurance is necessary before anything else❤
I have purchased this policy last yr, I dnn wish to continue u now, Is dere any way I cancel it and get a refund ?
Sir jevan labh xiir calculate karke bataye
Nagorao Kulkarni pune namaste
sir maine policy 2020 mein li thi 56000 premeir paid 2030 last policy expire 2056 hai paise kab milengey sir
2nd part of Max Life Smart Wealth Advantage Growth Par Plan
??? Video kb aayegi
Awesome Life Insurance Plan review as always with true picture of return using all tax/no tax scenarios. But to be honest,salaried people in 30 % tax bracket would not be able to take much tax excemptions ,as he/she may have exhausted all the 80C with the salary PF deduction itself. From 0% taxation view 4.5 % return is average. Anways ,thanks a lot ! Can you please make a video/review of Long Term Income option (6/7 PPT/PT) ? Thanks a lot !
Thanks. Even with 0% Tax, returns are decent at 6%+ for 20 year period and given its tax free.
Video for Long Term Income will be coming soon.
@@EveryPaisaMatters Agree. I was considering 10/12 option here.though ! Keep continuing your good work ! :) Looking forward to your Long Term Income video.
@@EveryPaisaMatters but sir then for 20 years why they can't take a good term insurance+ PPF (with the remaining premiums) 7.1-8% guaranteed return. I just don't get the point of this scheme. No point in taking this . Not a single reason i can find
Shubham, everyone has a different investment style and thus exist a product for different need.
The way I see this is that if a person invests approx. 12500 per month when they had a kid, they will be able to get 40 Lakhs by the time kid has to go for higher education. Most Fixed Deposits have a duration of 10 years but you need to pay tax on the income and this level of guarantee is not available in any other instrument which make them attractive for a lot of people.
Following are the additional points -
1. PPF return is 7.1% as of today - we don't know about future 20 years. So that uncertainty is there.
2. People who have even exceeded 80C Limit can also get around 6.5% return on their invested amount.
3. One can consider Insurance as an add on. If you see the 20 year plan, today you will 11 Lakh Insurance on 1 Lakh annual premium but after a while it starts increasing and reaches upto 33.7 Lakh.
If you have any questions, feel free to drop a message in the number provided. Don't worry, you won't receive any Spam calls 😎
@@EveryPaisaMatters if we are talking about very long term investment like 15-20 years, then what is stopping us from stock market/ equity?? Even basic index MF will get minimum of 10-11% in 20 years. After tax also it will be way more than 6.5%. if anyone looking for a 20years ,then equity is a no brainer. 😊😊
Thanks for the video Sir .. Can you share the link for downloading the xirr excel sheet ?
share what your requirements and confact details on contact_epm@icloud.com so that it can be shared for your specific.
Calculations are manuplated to increase views. i.e. 9.3% interest ?
All endowment plans are giving almost same return like this i.e. 4 to 7%
I have ICICI prudential Life yearly income
❤namaste. NAGORAO KULKARNI PUNE?
Namaste ji
Very nice sbi life par isi prakar ka video
Nagorao Kulkarni is pune namaste 🙏. PL.SIR.CHOPAR..
Nagorao Kulkarni is pune namaste 🙏
Sir ABSLI ki Nishchit Ayus plan ke bare me batye
Kindly message on the number given in video.
# at starting of your Video Why Disclaimer too short that nobody could notice it said that Your opinion can change any time ??? If you are sure about Company and its benefit which Is part of policy Bond then why to worry about Legality of presentation you doing of certain product of company??
2) Effective IRR is just 4.9% everything else is assumption.
3) BI ( Benefit Illustration) says 4% and 8% illustration, it means nothing is sure. Only Range .
the insurance agent did 56 years plan and he says i can withdraw my money after 8 years is it possible or is he lying plz comment .
When did you take this plan?
Sir max Life fast track single pe ek video banado mujhe bank walo ne fasa diy Hai ulip me help kardo
Send your details to contact_epm@icloud.com
How i am connect uh?
Whatsapp at 99109 29066
Hello sir mene ye smart weath wala plan liya hai meri primium payment term 12 year ki hai or policy term 63y ka hai muje ye abhi band karni hai ya kyuki abhi mere pass koi job nhi hai pahle job thi me isme kiya fayda le skta hu ye ye ho skta hai ki isme toda kam payment vala primium ho skta hai me abhi monthly 5000 ka primium bharta hu lagabhag 12 sal Tak bharna please meri help kijiye mera 1 year pura complete ho gya isme
Muje btaiye me apse kaise contact kar skta hu
Contact via Whatsapp.
@@EveryPaisaMatters sir apka whatsapp number kaise milega
Hello sir me Max life smart Welt pla liya hu abhi 2 sal vi nahi huaa hai
Yearly 50,000 pay karna h 10 sal tak..
Fir 12 sal se 45,000 dega 19 sal tak..
Fir 30 wa sal 5 lakh de dega
Kya yah sahi hai ya fake hai
Hame continue karna chahie ya cancel karna chahie
please reply me
It is gurenteed plan so don't worry end enjoy all benefits
Sahi hai
Doesn’t make any sense calculating returns after considering tax benefit of 30%
Without tax benefit it won’t even gives SB interest.
But why? Are savings bank interest now at 6%+ ?
@@EveryPaisaMatters iam in 30 %tax slab and getting 7.1on ppf as defence personnel...is it beneficial for me..pse reply
@@SANJAYKUMAR-gc4vg It will depend upon your requirement. If you want more information, contact via details shared in Description.
Hey, can these insurance companies go bankrupt, it’s a long period of 20 year, hence asking
As All banks are regulated by RBI. In the same way All insurance companies are governed by IRDA which is a Govt body.
@@EveryPaisaMatters ok thanks for your response
Koi problem nai bhai. Irdai ka under hai .B's apna document sahi rakhna..fir kisi company ki himmat nai ki wo customer ke sath frod kre.agar koi kiya to. Direct Irdai me complain kro .. licence reject ho jayga company ka..aur koi bhi company kuch amount ke liye apna crore ru loss me nai krna chahegi .
@@SKV156 am asking about a different scenario, company frod nahi, company ne he bankrupt ho gayi toh paisa kaha se degi apne ko
Irdai degi
You making fool to all
1lac premium pe 11lac life cover 🤣🤣🤣🤣🤣🤣🤣🤣🤣. Kya mazak hai yeh? 7 saal baad badega, jaise maut humlogo ko puchh ke ayega? Ki 7years hone do, fir ayenge, aur max life cover bhi 33 lac 🤣🤣🤣. Kyuk mazak karte hai yeh sab? Term insurance is best
You are totally correct about the premium as well as insurance cover and I have myself recommended people for Term Insurance (ideally).
However, a number of people inquire about Guaranteed Saving Plan along with Insurance - hence this is the case.
@@EveryPaisaMatters but sir if they need guaranteed income why not PPF , with EEE return & interest between 7.1-8% am talking about the safest investment. Why do people have the urge to get return on their insurance premium? I don't get it and you should encourage them to not think like that. Thank you
I have replied on your other comment but let me share one more aspect about "Why do people have the urge to get return on their insurance premium?" - This is because of human psychology that I need to have return on any of my invested amount.
One needs to do some Maths to find the best product based on requirement but sadly more than 60% people make mistakes while taking an Insurance plan and hence get stuck!
@@EveryPaisaMatters yes that is the psychology we need to change or at least try to change. I changed some of my colleague's thought process about insurance and convinced them to take term insurance. Buying an insurance is itself an investment, an investment to safeguard your family & other form of actual investments. We need to promote this thought process and that is my main & only point.
Annual premium ka 11 time hota hai and 45+ age ki 7 time hota hai
PL.SIR, WHAT IS MY.PENSION.THANKS.NAMASTE 🙏. SAWARY.NAGORAO.KULKARNI.
I don't no.nagorao.