Great info with hard work.. Many thankssss... Can u please clear one thing that bhut saare insurance company bolti h ki accident claim tabhi milega jb ap govt transport me safar kr rhe ho, naki private transport me.. Aisa kyu? Accident to same hi h na... Pls clear n advice. Thankssss
Lla there is another doubt i found via youtubers videos was, claim sattlement raio is of all plans average of that company, there is no specific mention by irdai that these much percentage of term plans were rejected, so what to do?
Bajaj allianz is another one....I have to cancel the term plan within free look period as they were unable to rectify the health history declaration after issuing the policy. Still waiting for the refund. Even policy Bazar team couldn't able to help me on this.
One of the best videos with absolute honesty and logic. Your video on selecting the best health plan was very helpful. These days, health insurance plans come with many add-ons, which can be confusing. It would be great if you could make a simple and clear video explaining these add-ons and how to choose the right ones. Thank you for spreading awareness. Keep up the good work of promoting Jagrukta!
Insurance series of LLA already covered most of the Add-ons/riders. You can also try resources like the official IRDAI PORTAL and Insurance Ombudsman/Tribunal for even deeper research. IRDAI is a regulatory body and focuses on customer awareness that will help you a lot in choosing the right policy fit for you while filtering out the others.
My age is 24 now and I am glad that I didn’t choose to complete my term insurance in 10yrs for my 50L inssurance upto 60yrs as they are constantly calling and trying to sell me that. I chose to invest that extra amount in direct mutual fund. I was skeptical about it until I saw this video. Thank you so much for this one.
Thank You... Mandeep Sir 3 Saal Pahile Aapka Video dekha tha aur tabhi mein ne TATA AIA Life Insurance ka SAMPOORNA SURAKSHA SUPREME Term Plan liya the... Thank You Again For Your "JAGRUK" Information about Term and Insurance Plans... ❤
Just a week ago bought Tata AIA sampoorna surakhsa with only accidental disabbilty rider. You have mentioned some critical points now which would be better if known earlier. Earlier video helped me a lot. Thanks LLA team.
LLA Team you are the best. In comment section many people will complain and support, you can't monitor every comment so I will advise to add a disclaimer to the video about the same "Research and Decide".
1:30 , mandeep you can be customer and shareholder at same time by if your invested company disrupts the existing market by offering good value for money products and also sells to more customers by increasing awareness about their value for money products
a shareholder doesn't demand "better products", they demand products that can be sold aggressively and generate revenues at all costs. that is why i asked the question, being a shareholder and a customer at the same time is a conflict of interest, one that is legal everywhere of course, but it's a paradox.
me and my brother both brought term insurance after watching your previous videos and i have been able to tell all my friends and colleagues to buy a term insurance and clear all their doubts from what i have learnt from your videos.
this was good advice but there was a lot of stress on policy bazaar, they might be good BUT I really felt motive of video was to promote them, i didn't find anything extra as knowledge different from last years video infact last 2 years !
Good Info brother!! Long time back I had come to this conclusion that one should just buy simple term Insurance and invest all the rest of the money in good Mutual Funds. The returns over lifetime is staggering. Never buy ULIP plans. The worst scam and fraud done by these insurance companies...😊🙏
I bought recently 1cr term plan of Icici prudential from policy bazar . Also plan has return of premium plan with no extra cost . Policy Bazar is really helpful 👍
9:52 you actually need to compare the other way around as well. So if I do 10 years plan, I will be able to invest all the money from the 11th year for next 28 years. And not pay 2800 for 28 years. So you need to actually calculate the difference.
@LabourLawAdvisor Yes I got that. I am just saying the difference would not be super substantial (1.8 cr at the end of 38 years as claimed) but yes correct opportunity cost would be there.
@@destinyissomething If you choose regular pay and invest 2300 monthly for 38 years @12% expected IRR you get 1.8 crore. vs. You choose limited pay start investing 4500 Monthly in 11th year for next 28 years @12% you get 1.1 crore That's a difference of 70 lakh. For me it's pretty substantial. This is the opportunity cost. Compounding needs time, and in this case it's 10 years worth of compounding getting lost with limited pay.
@@LabourLawAdvisor Yes agreed. I am not disagreeing. 😊.That's what I am saying. From the video it was implied that the difference is 1.8 cr. But it would be 70 lacs. Just something I thought of while watching the video. :) Your advice is still correct. 😊
Kya video mandeep bhai! Itne din baad aapka video aaya or humesha ki trh lajwab. Mujhe bhi term plan lena h bs thoda wait krunga. Lekin 2025 me jrur le lunga before I turn 23. ❤❤❤❤
very good video ,,india mei kafi sarre i mean 95% are ""khachhar"" hai, unke liye acchi video hai,,,by the way i am 12th fail , and i buy the same way my term insurance in 2021. 40 lakh+10 lakh rider at 762rs. my premium bit higher as i don't file ITR, my earning is just 15k right now,,good job for this video....."""par khacchar ,,khacchar hi rhenge"""
Thank LLA for the insightful videos on Health & Life Insurance . I have picked up my health insurance company after looking at your videos . I will be taking a life insurance to soon . I have a doubt Mandeep . Initially when taking the policy if we dont smoke or drink and we choose no for them , but as time passes by and some habits creep in , do we need to disclose the factum & increase my premium in accordance with the company ? And vice versa where we smoke and drink and disclose in the policy while taking & later on we stop doing those things , we need to disclose it to the company ?
Oh man, you'll are so great, amazing video, I took a term insurance during COVID years for more than 20 times through policy bazaar, and now as my pay increased it's around 10 times of my post tax pay. I'm so glad I got it earlier. However, now I am thinking if my wife needs a term insurance, we don't have kids and she is a house wife for now. Her parents are retired and don't have regular income, they have a small corpus on which they are surviving but I am not sure how big it is, there is a chance it is actually not enough. Edit: Thank you 🎉🎉 also for long form content, it's refreshing.
Worst thing is that you cannot claim the term claim yourself, there should be a on-demand mockup to ensure that claim will go through without any hassle while the person is still alive.
7 years ago, I took a term insurance. 20 x annual salary was the normal upper limit of the term insurance policy cover. Over the years, my salary has increased, but liabilities & cost of living also sky rocketing. Therefore i feel it is necessary to increase the term insurance cover too. Pl make an vdo advising ....how to opt for increasing the term policy cover. What options are available for increasing the term insurance cover. Thank you to entire LLA team for all your informative vdos
I am no financial advisor. .but I as a random person would suggest to consider diversifying.. Because company may reject bigger claims. But they usually do not reject smaller claims to keep check on claim settlement ratio. Also rejection is diversfied.. if one company rejects there is hope other company will still give.. You may research about it may be. I had started with 2. But I have stopped one. because along with salary and lifestyle(still very much controlled) MF portfolio has also increased
@@sanketnegi1 it is not possible to reject death claim post moratorium period of 3 years, irrespective of wording of doc, it's law, if you don't buy adventure rider and then die during scuba, of course you won't get cover. don't spread false information.
@@onceajordan please read my comment carefully.. I am not advising.. I already cleared I am not financial advisor and you may consider and research about it.. I know about this law..but I had seen a video where it showed there are ways.. And that is also less than 1 % chance..
@ek_virus it is possible, acko life does it, also i think one more company has come up with it. remember indian law treats life and general insurance differently. it's very safe to buy insurance from any brand post 3 years moratorium period. all companies function same and cannot deny claim
Just bought ICICI term insurance of 1CR which will cost me 3.6lakh in 10 year if paid yearly or 2322/month for 1st year and approx 2550/month for other 9 year. I have not opted for any paid riders like accidental disability as it was given only if two limbs are permanent disabled or both eyes. Also i have not opted for critical illness as there was condition like end stage cancer, end stage kidney/liver failure and so on for which Policybazaar team suggested to avoid as it will only inc the premium and will be of very less use as per their claim experience. I have just made one wrong move like opted for limited pay as there might be some month where i may nit be able to pay premium so better to avoid that situation i dedcided to pay in 10 years as it is easy than paying for 40 years continuously. Thanks LLA ❤
Limited pay is good. If we forget to pay after 10/15 years.. policy will get cancelled. But if we finish the payment in 10-15 years which is easily possible... That's best.
@@SultanAhmadYT I think it differs from case to case. Limited pay is a great option if you are not financially disciplined. Rather, there is no guarantee that the invested amount of premiums saved will always generate positive returns. One does not have to go through the head ache of where to invest and how much to invest.
Thank you for such a informational video on term insurance, I just have a question regarding the claim settlement that is I don't smoke but am constantly around smokers for a day leading to passive smoking many a times, does that also lead to claim rejection.
This should not lead to claim rejection provided they had done your medical checkup while purchasing the insurance and acknowledged that you are non smoker
Also, these term insurance companies know after the age of 25, a person is less likely to start smoking or drinking. And in most cases, people who are 25+ are their new customers.
First of all thanks to LLA team for helping us with all these videos. I'm a regulars viewer and follows you . I have one question regarding these Term Insurance I bought my Term Plan 5 Years back, the cover amount looked fine at that time but given the exorbitant price hike and the lifestyle changes I feel I should have taken more amount. So what's the best and cheapest/reasonable way to have more cover now? thanks if you can help me
1:30 you were referring to the conflicting idea of being customer and share holder of a company at the same time. Revenue generation is not the most important metric, it is the profit/bottom line. Profit is dependent on product price and also the cost, so it up to the company to optimise cost and maximise profit. Thus maximize shareholder's profit too.
Yep , as the video is sponsored from policy bazaar ( means he's linked to policy bazaar hw cannot talk about LIC which is not associated with policy bazaar , which is fair ) Lic being the biggest and most trustworthy company it would be a no brainer to buy one form them The policies have been revised and the premium is same as of any other company My self insurance advisor , I'm 18 yrs old and my team has 40+ years experience, I can help you with the policy , which would make your decision easier
hi mandeep one question in my mind. what if the insurance company bankrupt before policy cover time. in that case who will responsible for that, IRDA or Any other regulatory body , make separate video on that . For bank RBI is there to protect till 5lakh rupees. for stocks we know cdsl is there they will do or basically we can sell before company goes bankrupt but what for insurance company . make video on that please
If you are unsure about your long-term income stability and value the security of having the policy paid off early, go for the limited pay option. However, if you can manage regular payments, have an emergency fund, and want to invest the difference in mutual funds for potentially higher returns, regular pay is a better choice.
1 question he government term insurance pe GST revise karne ki soch rahe he to kya GST revise hone tak insurance ke liye rukna chahiye ya fir abhi lena chahiye? Aur agar GST revise hua to kya wo purne policy me bhi lagu higa ya sirf new policy me he?
Hi sir, It seems like you're very knowledgeable about health insurance claims in India. I'm curious - I have two health insurance policies from different companies, and I'm wondering if this approach makes sense: Can I first claim from one insurer and then use the second insurer for the remaining amount? I imagine you've helped many people navigate similar situations. What's your perspective on whether this is a good financial strategy for maximizing coverage?
Need your valuable suggestion LLA team: I already have a pure term plan of 1CR with Max Life bought in 2021. During that time, there were limited riders but I have not OPTED for any rider. I think Waiver of Premium or Critical Illness and Disability Rider would have made sense. Right now, I am facing health issues due to which ICICI has rejected my application during Jan 2024 for another 1CR plan. My health is still not very well. In this situation, ULIP plans seems to be reasonable. I have a home loan now which is 48L/20Y & my age is 33 now. What are you thoughts on this?
Buy Term Insurance from Policy Bazaar 👇
term.lla.in/
Which was the perfect age for taking term life insurance
If I am 21 year old btech graduate with 25k salary
Great info with hard work.. Many thankssss...
Can u please clear one thing that bhut saare insurance company bolti h ki accident claim tabhi milega jb ap govt transport me safar kr rhe ho, naki private transport me.. Aisa kyu?
Accident to same hi h na... Pls clear n advice. Thankssss
Lla there is another doubt i found via youtubers videos was, claim sattlement raio is of all plans average of that company, there is no specific mention by irdai that these much percentage of term plans were rejected, so what to do?
vaiya may koi job abhi to nehi karta par agle 1 se 2 sal ke andar karne wala hu may abhi TI lena chata hu. Mai le sakta hu ki nehi? mera age hay 23.
Hi Mandeep can you please share the full prompt as a text message
Hi Mandeep, thank you. I bought my first Term Life Insurance ICICI Prudential with 1cr cover.
You made a big Mistake ICICI a fraud company Recently I have faced issue with ICICI
Yes.... mandeep bole toh sahi hain but aur koyi bole toh fraud hai. Icici worst company. You will be regrets .
@@chefskitchen7277 then which one to take for a self-employed person??
Bajaj allianz is another one....I have to cancel the term plan within free look period as they were unable to rectify the health history declaration after issuing the policy. Still waiting for the refund. Even policy Bazar team couldn't able to help me on this.
How much the term plan costing you monthly pls reply
One of the best videos with absolute honesty and logic.
Your video on selecting the best health plan was very helpful. These days, health insurance plans come with many add-ons, which can be confusing. It would be great if you could make a simple and clear video explaining these add-ons and how to choose the right ones.
Thank you for spreading awareness. Keep up the good work of promoting Jagrukta!
Insurance series of LLA already covered most of the Add-ons/riders. You can also try resources like the official IRDAI PORTAL and Insurance Ombudsman/Tribunal for even deeper research. IRDAI is a regulatory body and focuses on customer awareness that will help you a lot in choosing the right policy fit for you while filtering out the others.
My age is 24 now and I am glad that I didn’t choose to complete my term insurance in 10yrs for my 50L inssurance upto 60yrs as they are constantly calling and trying to sell me that. I chose to invest that extra amount in direct mutual fund. I was skeptical about it until I saw this video. Thank you so much for this one.
How did you invest in direct mutual fund ? Any app or any fund advisor . Pls tell me I want to start as well .
@@mdmunir7992 Zerodha, Groww and ETMoney are best options.
I did the same, I took at 26 btw
@@mdmunir7992I personally use groww for all my MF and Stocks investments.
@@JatinVerma-n9egood job
Please make the same detailed video on Health Insurance on the current scenario...
he already made a detailed health insurance guide last year. that should hold fairly well in the current scenario.
The only health insurance company is good hdfc buy it don't see other options for peace of mind
@@DEADPOOL-ty2vlagree- I also heard one of my close friend having good CLAIM experience of Hdfc Ergo
Thank You... Mandeep Sir
3 Saal Pahile Aapka Video dekha tha aur tabhi mein ne TATA AIA Life Insurance ka SAMPOORNA SURAKSHA SUPREME Term Plan liya the... Thank You Again For Your "JAGRUK" Information about Term and Insurance Plans... ❤
Is it limited pay plan
@danishkadri6471 No! It's a Regular Plan...
Just a week ago bought Tata AIA sampoorna surakhsa with only accidental disabbilty rider. You have mentioned some critical points now which would be better if known earlier. Earlier video helped me a lot. Thanks LLA team.
You have 30 days time to change n withdraw your policy you will get full refund
I brought the same plan
I bought my first term insurance 1 yr ago after seeing your videos. You always provide the best information. Great video again & thanks!
After watching this video, anyone can buy the best TERM INSURANCE to protect their loved ones.
Thank you so much for creating such useful content. ❤
LLA Team you are the best. In comment section many people will complain and support, you can't monitor every comment so I will advise to add a disclaimer to the video about the same "Research and Decide".
1:30 , mandeep you can be customer and shareholder at same time by if your invested company disrupts the existing market by offering good value for money products and also sells to more customers by increasing awareness about their value for money products
a shareholder doesn't demand "better products", they demand products that can be sold aggressively and generate revenues at all costs. that is why i asked the question, being a shareholder and a customer at the same time is a conflict of interest, one that is legal everywhere of course, but it's a paradox.
me and my brother both brought term insurance after watching your previous videos and i have been able to tell all my friends and colleagues to buy a term insurance and clear all their doubts from what i have learnt from your videos.
EKDDAAAAAM right time, i watched your previous videos 10 times because i want to buy before my birthday. ab ye bhi dekh ke sahi decision lunga
this was good advice but there was a lot of stress on policy bazaar, they might be good
BUT I really felt motive of video was to promote them, i didn't find anything extra as knowledge different from last years video
infact last 2 years !
Good Info brother!! Long time back I had come to this conclusion that one should just buy simple term Insurance and invest all the rest of the money in good Mutual Funds. The returns over lifetime is staggering. Never buy ULIP plans. The worst scam and fraud done by these insurance companies...😊🙏
I have watched so many videos from you but this one is the best so far.
I bought recently 1cr term plan of Icici prudential from policy bazar . Also plan has return of premium plan with no extra cost .
Policy Bazar is really helpful 👍
Keep working like this brother ...it means a lot. I had never seen such a channel which really works for the people.
Thanks, Mandeep. I bought my term insurance following your first and second videos. I've rewatch your new videos for updates and insights.
9:52 you actually need to compare the other way around as well. So if I do 10 years plan, I will be able to invest all the money from the 11th year for next 28 years. And not pay 2800 for 28 years. So you need to actually calculate the difference.
You're missing the point of opportunity cost.
@LabourLawAdvisor Yes I got that. I am just saying the difference would not be super substantial (1.8 cr at the end of 38 years as claimed) but yes correct opportunity cost would be there.
@@destinyissomething
If you choose regular pay and invest 2300 monthly for 38 years @12% expected IRR you get 1.8 crore.
vs.
You choose limited pay start investing 4500 Monthly in 11th year for next 28 years @12% you get 1.1 crore
That's a difference of 70 lakh. For me it's pretty substantial. This is the opportunity cost.
Compounding needs time, and in this case it's 10 years worth of compounding getting lost with limited pay.
@@LabourLawAdvisor Yes agreed. I am not disagreeing. 😊.That's what I am saying. From the video it was implied that the difference is 1.8 cr. But it would be 70 lacs. Just something I thought of while watching the video. :) Your advice is still correct. 😊
@@destinyissomethingthanks, and my bad, Will use accurate/ better examples now that i understand it wasn't that obvious
Kya video mandeep bhai! Itne din baad aapka video aaya or humesha ki trh lajwab.
Mujhe bhi term plan lena h bs thoda wait krunga. Lekin 2025 me jrur le lunga before I turn 23.
❤❤❤❤
I like money minded Mandeep sir bcz my interest is in money and financial. You are the best sir
One of the best videos with absolute honesty and logic.
very good video ,,india mei kafi sarre i mean 95% are ""khachhar"" hai, unke liye acchi video hai,,,by the way i am 12th fail , and i buy the same way my term insurance in 2021. 40 lakh+10 lakh rider at 762rs. my premium bit higher as i don't file ITR, my earning is just 15k right now,,good job for this video....."""par khacchar ,,khacchar hi rhenge"""
Bhai yeh insurance baad mein withdraw kar sakte hein 30 saal bad..😅 ya sirf health k uper he kharcha hoga ..or marne k baad milega
Thank LLA for the insightful videos on Health & Life Insurance . I have picked up my health insurance company after looking at your videos . I will be taking a life insurance to soon .
I have a doubt Mandeep . Initially when taking the policy if we dont smoke or drink and we choose no for them , but as time passes by and some habits creep in , do we need to disclose the factum & increase my premium in accordance with the company ? And vice versa where we smoke and drink and disclose in the policy while taking & later on we stop doing those things , we need to disclose it to the company ?
Ur content always adds more values to our life
you guys are the savior of Indian people .
Oh man, you'll are so great, amazing video, I took a term insurance during COVID years for more than 20 times through policy bazaar, and now as my pay increased it's around 10 times of my post tax pay. I'm so glad I got it earlier.
However, now I am thinking if my wife needs a term insurance, we don't have kids and she is a house wife for now.
Her parents are retired and don't have regular income, they have a small corpus on which they are surviving but I am not sure how big it is, there is a chance it is actually not enough.
Edit: Thank you 🎉🎉 also for long form content, it's refreshing.
How much is sum insured and premium?
Re-uploaded
Same scrpit of previous insurance series 😂
Nice way of doubling the ad sense
Thanks a lot for the detailed knowledge LLA, highly appreciated.
Can you please create a video on Health insurance in same manner please..
Mandeep ji, boht badiya samjaye app
Zara ek baar health insurance ko bhi ek simpla language or example if you are taking health insurance
I appreciate the effort u put in each of ur vedios. Thank you.
Worst thing is that you cannot claim the term claim yourself, there should be a on-demand mockup to ensure that claim will go through without any hassle while the person is still alive.
What a beautiful and knowledgeable video. Really appreciable ❤🎉
7 years ago, I took a term insurance.
20 x annual salary was the normal upper limit of the term insurance policy cover.
Over the years, my salary has increased, but liabilities & cost of living also sky rocketing. Therefore i feel it is necessary to increase the term insurance cover too.
Pl make an vdo advising ....how to opt for increasing the term policy cover.
What options are available for increasing the term insurance cover.
Thank you to entire LLA team for all your informative vdos
I am no financial advisor. .but I as a random person would suggest to consider diversifying..
Because company may reject bigger claims. But they usually do not reject smaller claims to keep check on claim settlement ratio. Also rejection is diversfied.. if one company rejects there is hope other company will still give..
You may research about it may be.
I had started with 2.
But I have stopped one. because along with salary and lifestyle(still very much controlled) MF portfolio has also increased
Aisa possible hi nahi he....so iske chakkar me mat pado pehle acha kamao phir plan lo
@@sanketnegi1 it is not possible to reject death claim post moratorium period of 3 years, irrespective of wording of doc, it's law, if you don't buy adventure rider and then die during scuba, of course you won't get cover.
don't spread false information.
@@onceajordan please read my comment carefully..
I am not advising.. I already cleared I am not financial advisor and you may consider and research about it..
I know about this law..but I had seen a video where it showed there are ways..
And that is also less than 1 % chance..
@ek_virus it is possible, acko life does it, also i think one more company has come up with it. remember indian law treats life and general insurance differently. it's very safe to buy insurance from any brand post 3 years moratorium period. all companies function same and cannot deny claim
Thanks man. Bough TATA policy from Policy Bazar. Thanks. The suggestion to get a cancer rider seperately was good.
I took LIC Term insurance.
Paying around 6k half yearly.
Bought policy 3 years back.
Today i am at 34 .
Policy till 61 years.
Bahut sahi time pe video release kiya hai. Thank you!
Wow what a amazing content bro keep it up now i m applying for term insurance
God bless you brother for the great work you are doing❤
Hi Mandeep. Absolutely love the content here. Very informative.
One suggestion please reduce the music sound
thank you :) and noted!
I got term insurance from policy bazar. They recommended Bajaj finance
TY LLA apne ek clear picture de diya how to buy the policy as per our needs n requirement🙏🙏🙏
MUTUAL FUNDS PR DETAILED VIDEO BNAO
1. MF Analysis
2 selections parameters
3 diversification
4 screener
❤❤❤❤❤
Amazing video!! Very very very useful. Will share it widely with my friends.
Why so less view 😢 maybe it will increase gradually
Brilliant video! Sir
All Doubt R clear about Term insurance
Thanks LLA Team ❤❤❤
Masterclass from Mastermind Mandeep 🤘🏼
Kya video banaya Mandeep bhai ❤
Lovely and super informative 🙏
best informative video ever on insurance
Well articulated, crystal clear
Just bought ICICI term insurance of 1CR which will cost me 3.6lakh in 10 year if paid yearly or 2322/month for 1st year and approx 2550/month for other 9 year. I have not opted for any paid riders like accidental disability as it was given only if two limbs are permanent disabled or both eyes. Also i have not opted for critical illness as there was condition like end stage cancer, end stage kidney/liver failure and so on for which Policybazaar team suggested to avoid as it will only inc the premium and will be of very less use as per their claim experience.
I have just made one wrong move like opted for limited pay as there might be some month where i may nit be able to pay premium so better to avoid that situation i dedcided to pay in 10 years as it is easy than paying for 40 years continuously. Thanks LLA ❤
Limited pay is good. If we forget to pay after 10/15 years.. policy will get cancelled. But if we finish the payment in 10-15 years which is easily possible... That's best.
Bro of u forget to pay would your family members remember to claim?😅@@OneSingh1964
Never limit pay in fact use that extra amount for investment.
@@SultanAhmadYT I think it differs from case to case. Limited pay is a great option if you are not financially disciplined. Rather, there is no guarantee that the invested amount of premiums saved will always generate positive returns. One does not have to go through the head ache of where to invest and how much to invest.
Very useful video....its really helps to buy good term plan....thanks, mandeep bhai, for your guidance.
Great Prompt to AI😊 Thanks MMM!!🎉
Hello Mandeep, great piece of information. Kindly make a video for health insurance as well.
Thank you for such a informational video on term insurance, I just have a question regarding the claim settlement that is I don't smoke but am constantly around smokers for a day leading to passive smoking many a times, does that also lead to claim rejection.
Thank You So Much for the Wonderful!!! Knowledge Thank You Sir!😊❤
Kindly do a detailed guide for health insurance.
This videos was eye opening
15:43 mandeep sir,accidental interim releif jo hai vo existing 2cr se deduct hoga ya, extra 50lac releif hai
Thank you for simplifying term insurance
Your videos always helps me ❤❤
Great Video and Insights. Also if a person is a non-smoker and after few years he starts smoking will it lead to claim rejection?
This should not lead to claim rejection provided they had done your medical checkup while purchasing the insurance and acknowledged that you are non smoker
Also, these term insurance companies know after the age of 25, a person is less likely to start smoking or drinking. And in most cases, people who are 25+ are their new customers.
@@kunal8825 Thanks for detailed explanation. Appreciate it.👍🏻
Mujhe wo 3 years pehle wali video jada convincing aur comprehensive lgi thi.
Same video dekhake maine term insurance liya tha
First of all thanks to LLA team for helping us with all these videos. I'm a regulars viewer and follows you . I have one question regarding these Term Insurance
I bought my Term Plan 5 Years back, the cover amount looked fine at that time but given the exorbitant price hike and the lifestyle changes I feel I should have taken more amount. So what's the best and cheapest/reasonable way to have more cover now?
thanks if you can help me
Mandeep sir thank you so much for information.❤
Hi Mandy, this video is really good.
ICICI offers the best option to receive 50% of the lump sum amount upfront, with the remaining 50% provided as monthly installments.
Is there a way to check what information we filled while buying the insurance in past?
Download policy documents or welcome kit from your insurers portal you can find your application form printed on it
You'll find that in policy document. you can also add the policy in your digilocker app and access your policy document easily.
Can you please do a video on critical and accidental insurance separately how to take
Very much needed. Also needed a video for House wife term insurance plans as Policy Bazar started giving the same.
My other doubt is I have term insurance and shall I take term insurance for my wife also as she is working or for me is enough term insurance
Sir, mene 1 cr ka term plan Kiya tha, but regular premium ki jagah 10 year limited premium le liya...kya me isko change kar sakta hu ? Please reply
Please make the same detailed video on Health Insurance on the current scenario...
what a video, Just Loved it, thanks for the efforts and truth.
Limited time is best b/c plz calculate kitne persent logo ne regular plan continue kiya h till 38 years
LIC का टेक टर्म प्लान के बारे में बताइए प्लीज... 🙏
The best
The most expensive
Thanks it helped a lot ❤ in finding right plan
Keep it up it actually helps
1:30 you were referring to the conflicting idea of being customer and share holder of a company at the same time.
Revenue generation is not the most important metric, it is the profit/bottom line. Profit is dependent on product price and also the cost, so it up to the company to optimise cost and maximise profit. Thus maximize shareholder's profit too.
Hello Mandeep bhai income kam ho to abhi jyda cover nahi mil raha ho to 2 term insurance le sakte hai alag alag company se
please make this type of detailed video on health insurance as well.
I am amazed at that prompt. Can you share the resources to learn it?
it's just practice and learning about how AI tools work. You can follow @nivedan.ai on instagram for tips
Hi Mandip, thank you for this information, this is very useful
Thank you so much for this insightful video
Can we purchase two Personal Accident policy from one Insurance company. I am for South India. You are video have good information.
I've already taken LICI Tech Term in 2021 for S. A. 1cr. In just for 40 yrs. in just 13k🤙🤙
Can we buy term insurance from LIC? Is it a good option?
Yep , as the video is sponsored from policy bazaar ( means he's linked to policy bazaar hw cannot talk about LIC which is not associated with policy bazaar , which is fair )
Lic being the biggest and most trustworthy company it would be a no brainer to buy one form them
The policies have been revised and the premium is same as of any other company
My self insurance advisor , I'm 18 yrs old and my team has 40+ years experience, I can help you with the policy , which would make your decision easier
hi mandeep
one question in my mind. what if the insurance company bankrupt before policy cover time. in that case who will responsible for that, IRDA or Any other regulatory body , make separate video on that .
For bank RBI is there to protect till 5lakh rupees. for stocks we know cdsl is there they will do or basically we can sell before company goes bankrupt but what for insurance company . make video on that please
If you are unsure about your long-term income stability and value the security of having the policy paid off early, go for the limited pay option. However, if you can manage regular payments, have an emergency fund, and want to invest the difference in mutual funds for potentially higher returns, regular pay is a better choice.
Awesome Video. Thanks for making it.
What about LIC from
PUBLIC Company
Hi Mandeep, can I opt for a term plan with 25 times the annual income? Please reply.
1 question he government term insurance pe GST revise karne ki soch rahe he to kya GST revise hone tak insurance ke liye rukna chahiye ya fir abhi lena chahiye? Aur agar GST revise hua to kya wo purne policy me bhi lagu higa ya sirf new policy me he?
Agar GST revise hoga to aap k existing insurance pe bhi lagu hoga. So don't worry.
Great video and always thanks to the LLA team ❤❤
Bhai, one video on accidental disability insurance
Is it better to buy 2 policies from different companies- let’s say of 1 cr each.?
Thank You All Information It helps me to much
Great Money Minded Mandeep ❣
Wow just awesome. Pls do same for medical insurance
Hi sir, It seems like you're very knowledgeable about health insurance claims in India. I'm curious - I have two health insurance policies from different companies, and I'm wondering if this approach makes sense: Can I first claim from one insurer and then use the second insurer for the remaining amount? I imagine you've helped many people navigate similar situations. What's your perspective on whether this is a good financial strategy for maximizing coverage?
Very nice video, can you please make for health insurance as well for parents. and for us
What if someone starts smoking years after taking the term plan , so can they change the details later & pay updated premium ?
Need your valuable suggestion LLA team:
I already have a pure term plan of 1CR with Max Life bought in 2021. During that time, there were limited riders but I have not OPTED for any rider. I think Waiver of Premium or Critical Illness and Disability Rider would have made sense.
Right now, I am facing health issues due to which ICICI has rejected my application during Jan 2024 for another 1CR plan.
My health is still not very well. In this situation, ULIP plans seems to be reasonable. I have a home loan now which is 48L/20Y & my age is 33 now.
What are you thoughts on this?