Term Insurance क्या होता है? - How to Buy Best Term Insurance Plan in India in 2023?
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- Опубліковано 1 сер 2024
- Term Insurance क्या होता है, कौनसा लें? Buy best term insurance plan in India in 2023 - bit.ly/term-life-insurance-co.... How to choose the right term insurance plan for you - explained in Hindi. Full comparison of different life insurance policies in policybazaar, policy bazaar se health insurance kaise kare?
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Term Insurance:
bit.ly/term-life-insurance-co...
Health Insurance:
bit.ly/health-insurance-plan-...
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Time Stamps
00:00 - Intro
01:10 - Should you buy life insurance policy?
03:58 - Which life insurance policy is the best?
06:28 - Online life insurance policies comparison on Policybazaar
10:42 - Excel comparison: Term Plan vs Endowment Policy vs ULIP
14:00 - What is the perfect time of buying life insurance?
15:29 - How to buy term insurance?
21:15 - How to pay the premium? Limited pay, single premium or return of premium
24:15 - Should you discontinue your endowment policy or ULIP?
About the Video
Life insurance is a contract between you and the insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a given period or upon your death. A life insurance policy offers financial protection to you and your family. While a lot of us think about when to buy life insurance, and how much cover should our life insurance have, the real question here is “Do we really need life insurance?”
We’ll discuss all this and much more in this video. Learn which is the best term insurance plan in India, what are the benefits of buying a term plan, when to buy life insurance, how much cover should our life insurance have, how much insurance premium to pay, term insurance vs endowment policy vs ULIP, what is claim settlement ratio, what is amount settlement ratio, etc. We will also show you online comparison of various life insurance policies on policybazaar website.
In this video, we’ll cover the following topics & questions:
1. Best term insurance plan in India for 2023.
2. Term insurance kya hai?
3. Term insurance kitne saal ka lena chahiye?
4. Do we really need life insurance?
5. Term insurance vs life insurance.
6. Benefits of life insurance.
7. When to buy life insurance?
8. Term insurance plan in Hindi.
9. Policy bazaar se health insurance kaise kare?
10. Endowment insurance policy kya hai?
11. Best insurance policy in India 2022.
12. Life insurance policy cover needed.
13. Term insurance vs endowment policy vs ULIP.
14. How to buy term insurance?
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Website
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#TermInsurance #BestLifeInsurance #LifeInsurance
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Term Insurance - bit.ly/term-life-insurance-compare
Health Insurance - bit.ly/health-insurance-plan-compare
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Sir Excellent Class 🙏 Hats Off God Bless You
Hi Asset Yogi For NRI which plan better it should be from India or from resident country ?
Excellent,
Thanks
@@DeepakSingh-zn2nlp
⁰⁰
Pro tip: don't put your mobile number in policy bazar app. You will be instantly bombarded by sales agents.
Main to dusre ka dalta hu
Agreed
😂😂😂
वाआआआ सर जी ......बेस्ट इन्फॉर्मेशन .......इन्शुरन्स वाले तो गले मे कुछ भी लटकाके निकल जाते हें......धन्यवाद जी आप का
Thanks Amardeep
I think you are bringing a revolution for young generation because of which our financial sense is growing to new heights. This is such an excellent summary on the topic. Thank You sir !!
Thanks for your kind word Ameya
Bahut hi acchi Jankari Di Sar aapane jitni Tarif Karun utani Hi Kam Sar Mujhe aapke Sare ke sare video bahut hi Acche Lagte Hain Sar aur main jyadatar aapke hi video dekhta hun aur invest bhi aapki video Se Hi Sikh Le Karke karta hun
You tube par app jaise knowledge, simple words mai , bahut kam log dete hai , Thank You so much
Thanks
It's simply wow AY ji... Whatever you have covered definitely it's too much beneficial for us.. Thank you very much 🙏 Efforts you have taken for making this video is deserve Hat's off..
Sir, apki es vedio se kafi help mili h ki kis type ka plan le sake. Aap se request hai ki aap health insurance k regarding bhi ek aisi hi vedio banaye....🙏🙏
Noted Ajeet
You are an eye opener to the whole population, i tried finding in whole internet . A day before this video posted- I did my term insurance. Luckily i was correct. Ur previous videos has truly levelled up my knowledge 😊
Glad to hear Manisha
@@AssetYogi Sir mera ek sawal tha ki real estate main jv land agreement main developer ko kitna down payment karna parta hain ?
@JORDAN hdfclife
@@manisha7491u bought insurance through policy bazar?
konsi company ka term insurance liya ji aapne.plz share.i m confused.
All products have their own importance in any life. Term insurance and Health Insurance are basic investment and cannot be compared with investment instruments . Rest one should always have Mixed basket with balanced SIP Endowment , NPS, PPF .. investing in Equity markets just because of more than 16% returns is just overrated. One should also have endowments to mitigate risk involved in Equity
Jai Shri Krishna Mukul sir as usual your videos are highly informative and to the point. Ramji aapka Kalyan kare.
Superb, fantastic, combo of term insurance & mutual funds, except Lic & U lips, thanks yogi sahab.
Thanks
Please make a detailed video on top 5 health insurance policies which provide super top up of 45-50Lakhs
Very nicely explained. Thank you so much Mukul-G for your kind efforts and this detailed explanation.
keep watching Amol
Good job 👍
Aaj mera confusion door ho gya ye insurance policy ka .well done ✅ sir
Keep learning
Thank you for giving the proper knowledge regarding this topic. We need this kind of youtubers 🙂🙂
Keep learning
Thank you sir your video given me a lot of knowledge about stock Market and investing I will be always thankful to you 🤗
Very much honest and detailed analysis.Thanks.
Glad it was helpful!
Detailed explanation for novice like me...kudos to u and ur time 🙏
Thanks Raj
Sir, can you make a video about how to do management analysis of listed and unlisted companies.
Excellent presentation..what a deep analysis.. fabulous Sir💞
Thanks Parth
Thank you Mukul for sharing this valuable information.
Thanks
Your note of watch @1.5x is much appreciated. Thanks for saving our time. BTW the content was useful.
Glad to help
Thank you soooo much sir,mere sare doubts clear ho gye apki iss video se
I like your personal finance videos.
God Bless you !
Thanks Brijesh
Totally complete information about life insurance..Thank u sir
Glad to hear Prafull
Your video presentation is more attractive to play further videos.
Now i will definitely plan for term insurance.
Thank you for your valuable video. ☺️
Hey nice video. But you didn't touch upon the zero cost coverage (Fancy term ehhh) where in term insurance you get the invested return back if you pass on you covered age for example 85 years. Yes premium is charged little higher but it may give little peace of mind ki i will get my premium amount back if I survive past the covered age.
Thankyou Assetyogi for guiding people for insurances 🙏
Thanks Ashish
Sir, If someone already bought a term plan. can he make changes in the term plan like increasing the cover and if he is later diagnosed by any disease what should he do?
बहुत ही आसान और शानदार तरीके से समझाया आपने ।
👌👌👌👌
Thanks Binod
Sometime i feel so lucky ki aap hame mil gaye aur hamari zindgi behtar banadi thanku so much sir for coming our life❤🙏🙏
Sir , best mediclaim pe bhi video banaye
Very knowledgeable sir.
Thankyou very much.
Thanks
Mukul excellent vidoe kudos to all the editing and presentation U have done to make this video interesting. One point you have missed here. I don't think term insurance stays same premium amount it keeps increasing with age. Can you please clarify that. Then your calculations will not be the same.
Thanks Sir aap bahut hee saral tarike se samjhate hai har pahlu ko
Very informative video sir… Thanks
Thanks Vishal
Thanks for all the information. One question: Should both partner buy term insurance or one can buy term and another can buy premium return plan?
That depends. Both can buy the term insurance also, but its individual choice
Marvellous job by Asset yogi. Highly appreciated
Thanks Akhil
perfect timing. mai next month se start karne wala tha. kafi help hua is video se.
That's good
Bahut badhiya jankari diya aap ne dhanywad
Thanks
Thank you so much Mukul ji, you are doing a great job. Request you to make a detailed video on GIFT DEED (Gift given to parents), there are no any content and clear information about this.
Thanks Anand
Thank you so much!!
Great effort....salute.....
And
Love
Guy right now I'm planning to term life insurance
Please recommend which one is best
kotak life insurance it's pure term insurance plan
Knowledgeable ❣️
Thanks
Hello sir me aapke har aek video dekhta hu but...
Aap aek aeshi series banayyee ..
Sector wise stock ko kaise analysis kra jayye??
Jaise ki...
Banking sector
Steel sector
Pharm sector
IT sector
Etc
Thank you for all the detailed videos on various topics. Your videos are best source to understand any new topic for novice user.
Thanks Mahesh
I think return of premium is good at the age of 60-70 if we are getting a corpus of 10-15 lac depending on premium amount paying addition of some money would be good
Consider inflation into the picture....the value of 10-15 lacs will be wayyy less when u reach 60-70
well bro you need to improve your financial understanding.
Very informative..thanks a lot.
Most welcome Rahul
Thank you @Asset Yogi , for such detailed video.
U r the best guide for insurance knowledge.Thank you so much sir
Keep learning Ranjit
Can you please make video on health insurance for pre-existing mental illness?
Very nicely explained 👍👍
Please make a video about taking Health Insurance policies.
Thanks
Very detailed and informative video
All doubts r solved at a single place
I was so doubtful about term. Thnks a lot for solving all.🙏🏻🙏🏻
Most welcome
Too Good | Very well explained >>> Very informative👌
Thanks
Very Informative Mukulji... also, pls make video on How health insurance companies offering 1cr cover at almost same premium of 5Lack cover.. its really confusing as one would always go with option that offers more cover in same amount... much appreciated.
Noted Raj
got some fundamental idea . thank you asset yogiji
Most welcome
But main issue is rejection of insurance claims. Insurance companies are rejecting mainly term insurance claims. See the IRDAI report of last year HDFC claim settlement ratio is around 99% but when you see the amount settlement ratio, it's below 90%, it's very bad..... What. Is the solution of this issue ?
Can you please explain why cover should be “X” times of the annual income rather than annual spendings?
can anyone calculate/estimate spendings ?
Because your annual spendings should not be>than annual income
hi , i think we should buy team insurance without return of investment and we should take critical illness rider thanks sir 😀
instead of paying tax atleast for one year you can do what the OG said which is you can pay the entire premium of your term insurance in one go. Atleast this way you would have a term insurance with the money that you were already going to give to government.
Sir, aapki sari video itni acchi aur important Hoti hai ki video Shuru hone se pahle hi Mai like , comment aur share kar deta hu ❤️😍👏
Good to know. Keep learning
Sir you clear all the things very nicely🙂😊
Keep watching
Very nice effort sir. A very simple explanation about life insurance. Thanks a lot.
Keep watching
Mukul keep posting good videos like this don't stop your good work!
I will Siraj
सर आप कम से कम सप्ताह में एक विडियो जरूर पोस्ट करें। जिससे कि आप के ज्ञान का हम लाभ ले सकें। तथा साथ ही आपकी प्यारी आवाज सुनने को मिल सके।,,
One of the best video on Insurance Policy, Salute to You Sir🙏
Thanks Srikant
An eye opener
Online प्लान खरीदना जितना आसान है क्लैम करना उतना ही कठिन।
किसीको पता ही नहीं की क्लेम करने के लिए कहां जाए, कैसे करे।
Noted Gaurav
Correct everyone is giving gyan on how to buy, no info on claim process.
Sir
Thank you for sharing this valuable information with us, your video clears all the questions.
Best video like always.
Kya term insurance sirf salaried class ke liye hota hai?
can anyone tell me is ZERO COST TERM plan good?
Thank You So Much..... A Lot of Respect For You ❤️
Keep watching
@@AssetYogi Kuchh din se dekh raha tha Policies. Today after watching your video finally got some clarity and baught a term plan of 1.2Cr Thanks ❤️
@@rajwindersingh7039 sir kaunsa liya fir
@@rajwindersingh7039 sir I am also trying to purchase which one you bought?? Plz tell it will help us
@@vishnusharmamudgal I went for MaxLife as it has highest claim settlement ratio.
very nice & valuable information in effective manner with comparison. Great sir
Thanks
Thankyou for sharing knowledge 🤗
Most welcome
Also while purchasing term plan everyone should consider MWP act. It should be signed. Otherwise family won't be able to get exact benefit you considered.
What is MWP?
@@kiranhon7894 marriage women protection act... in which if you opted for term insurance and not signed mwp then any benefit amount which supposed to handover your spouce or nominee can be deducted by ongoing loans. So if mwp is signed all promised benefit will get to spouce.
Okay thanks, checking with the insurance company for this clause
However in the end, family should pay off the loans right? Whether with the claim settled amount or personal amount.
How will the MWP act help the family? Please clarify.
Noted. Its the receiver discretion how he/she wants to receive the money
Make a video on best health insurance. And how much cover we have to opt for.
Noted
Thank you sir. You have covered almost points...
Most welcome
Ab tak ka most detailed video term insurance ka.
Accidental death benefit ka rider add karna chahiye kya? Kyunki after death vaise bhi claim hota hai na?
Can you please also create video on NRI Term Insurance, who will be called NRI, whether they are eligible or not for Term Insurance and if yes, what are the options?
Yes, NRIs are free to purchase term policies in India. They must check whether their chosen plan will provide the needed cover in their country of residence.
Very well summarised!!💯
Thanks
Very good .complete information is given regarding subject.thanks.
You are doing very logical and great content. Keep up the great work 👍
Keep watching Vikas
Sir, I think you missed tax benefits on insurance premiums and also it’s tax free returns. Could you consider these 2 when doing the comparison? Thanks
Noted Jayan
It's not the case any more under the new tax regime.
Ab tax benifit kaha milne wali..Govt.sab khatam kar rahe hai..
You should have to consider gst on premium. Like on pure venilla term plan gst on premium is 18% whereas on money back plan gst is 4.5% (2.25% from second year onwards)
Good point 👍
Can u present us the calculation?
Types of insurance describe as under
Term insurance plans
A term policy is one of the most economical and preferred types of life insurance plans. It is a pure-protection plan because it only has a death benefit and not a maturity benefit. In case of the policyholder’s demise during the term of the term policy, the nominees will receive the sum assured. For term insurance, there is a standard 18% GST applicable on the premium payments.
Endowment plans
An endowment plan is a type of life insurance where there is both a death and a maturity benefit. This means the sum assured is paid in a lump sum either on the maturity of the insurance plan or in case of the policyholder’s demise. For endowment plans, the GST applicable is slightly different. For the first-year premium, there is a 4.50% life insurance GST rate. For the following years, there is a 2.25% GST rate applicable.
Unit-Linked Insurance Plans (ULIPs)
ULIPs are a little different from traditional life insurance products. They offer a policyholder an opportunity to grow their money through insurance. ULIPs are part insurance and part investment products. For ULIPs, too, the GST levied on the premium is 18%. The best part is that this GST rate covers both the fund management charges and the premium payments
Noted
@@samiganatra7894 No GST is levied on ULIP.
Thanks..... Superb analysis ❤️❤️
Thanks and welcome
Wow 😲 Nice explanation Sir 👌 Quality Content Sir
Thanks
Qualifications required for term insurance
1) most companies require graduation
2) income above 5 lakh per annum, atleast above 10lakh per annum if not graduate
3) Annual income here refers to income other than bank interests, rents.
CORRECT ME IF I AM WRONG
Same question, if any person salary is 25000, can he avail term insurance
@@pranavkulkarni3252 yes
@@pranavkulkarni3252 yes I have taken a term insurance with 28k salary.
bhai agar fake it bhare 5lkh ki to?
@@pranavkulkarni3252 presently no company provide any term insurance below 5 lakh income.
For 1 cr amount term plan should we think claim settlemaint ratio, because in market there are many companies who gives cheaper premium for me @35 year old & for 70 year age. So which one should i select? Low premium or top companies with high premium?
Reputed company se Lena hi achha hoga...like IDFC,HDFC,LIC,MAXLIFE etc. And Mera hisab se off line Lena hi achha hoga..for claim. And age 80 years Tak lene se claim pane ka probability achha hoga!
@@Kumarpallabsarkar okay thanks
sare sawalo ke jawab mil gaye thank you sir...
Most welcome Tony
बहुत अच्छी एवम उपयोगी जानकारी दिया । जो की काफी कैलुलेटेड था और लॉजिकल भी । पर आप के एक बात से बिल्कुल सहमत नही हूं की ऑनलाइन पॉलिसी लेने पर , ऑनलाइन एजेंट आप को सहयोग करते है । इस बारे में पॉलिसी बाजार के साथ मेरा बक्तिगत अनुभव बहुत बुरा रहा । किसी भी काम में उनका रवैया पूरी तरह असहयोग भरा रहा ।
मेरा आप से अनुरोध है , की आप जैसा प्रतिष्ठित सलाहकार उनको रिकमेंड करने से पहले विचार जरूर करे ।
Sir 3 questions: 1) we check the claim settlement ratio at the time buying term plan? But it changes every year How is it effective in the long term view?
2) Can we change the term policy (e.g Now I am not drinking but after 5 years I may?)
3) can we change the insurance companies after our premium started, if can will premium change?
Thank you sir 🌟
Kudos AssetYogi team!!! 👍👏👏 learnt a lot from you guys!
Thanks Rajat. Keep learning
Thanks for the guidance sir..
Most welcome
very informative, thanks to you
Hello sir you have given very good information but I have a question if ten years or thirty years money is invested in mutual fund then it is all acceptable to get so much return but if something happens to a person during this period of ten or twenty years then mutual fund What can help?
Sir, Excellent explanation, Thanku
Keep watching
Sir. I have a query with regards to BONDS @ SBI WEALTH BUILDER plan. I've paid 50K per annum for 5 year's. I am currently into 8th year. Waiting period is 6 year's, i.e. 5 years & 6 year's. 100% invested in BOND option only. Is it good time to exit, and reinvest in any other asset class. As at the time of market turmoil, Bonds do well. It seems. Please guide💐🙏
Sir, Zero Cost Term Insurance is newly introduced by some insurance companies. Pl make a vdo on this.
Whether it's worth or is it just endowment plan with a new name