I m job holder age 32 year. In 2019 i purchase LIC (life insurence+ sum assured) after 4 year watching some youtuber , i realised that i m burning my money. then i surrender my Lic( दिल पर पत्थर रखकर)😮 and got approx 65 percent my money..then i purchase 1 pure term insurance.. 1 Elss MF( for tax benefit) and rest of money in direct stocks(15 returns now).... Thank u some genuine youtuber like Pranjal sir and LLA channel.. jo डूबने से बच गया।😂🙏🙏
बहुत अच्छी जानकारी। आप ने term और endowment का फ़र्क़ बताया, लोगों ने समझा व एंडोमेंट को मना करने लगे। लेकिन ठगों ने नया तरीक़ा अपनाया है। वे अब ये नहीं कहते कि यह एंडोमेंट पॉलिसी ले लो, बल्कि वे बताते हैं कि हमारा एक बहुत अच्छा इन्वेस्टमेण्ट प्रॉडक्ट आया है। उनकी ज़बान से इन्शुरन्स, एंडोमेंट ज़ैसे शब्द ही नहीं निकलते। लोग फिर फँस जा रहे हैं।
🙏 dil say thank you ❤️ ye he baat may as a ex-insurance employee logo ka samjana chata tha par aap nay iski video bankar mare kaam aasaan kar deya ... Sab kao kul ke share Karu ga ye video ❤❤❤❤❤❤❤
Yes, absolutely serve to society.. Financial Education provider...!! Many of people's dream theirs dream for family.. you give torch light to Financial GOAL.¡ KEEP IT UP...❤
I am half way through your video and I felt the urge to like it.... you have nailed it man. Too good an explanation and simplified it for us. Thanks again bro
Sir you made a good attempt but am expecting with this, you also need to include why insurance agents are pitching only Traditional Insurance policies. Simple funda is commission is based on premium paid, it must be more so that it fulfills agents pocket. If possible make it edit and repost...
Dear Pranjal, Wow! That's an amazing video bro. I was also stuck in that kind of policy and canceled as soon as I realized my mistake. My objective to take those policies was to get tax benefits, and I told this to an agent then, they gave all the bullshit talk and made me take those policies. This is an eye-opening video for people who are agent ka chakkar policies lete hai. Thank you! Please keep doing this.
Sir, two questions I have. 1. Monthly or Yearly income is not fixed for entire 15/20 years then how to take it into account? 2. Indexation is only applicable in land? Why not in other items like gold, consuming products, and all. Because price of those are equally increasing day by day like land. Thank you for this video.
बहुत सही स्क्रिप्ट बता दी आपने पॉलिसी सेल करने के लिए मैं एलआईसी में नया नया ज्वाइन हुआ हूं। आपकी ये स्क्रिप्ट बहुत काम आयेगी। अगर हम इंश्योरेंस नहीं बेचेंगे तो कोई और बेचेगा और लोग खेरीदेंगे ही। और हमको भी तो अपना घर चलाना है ना तो कोई भी धंधा छोटा नहीं होता और धंधे से बड़ा कोई धर्म नहीं होता।
I have a question the maturity benefit after the policy is not taken care, like SBI platina plus guaranteed income has this option for maturity benefit... Which is calculated by multiplying some factor with the insurance premium,.. let me know your thoughts
In Apr'21, I bought one LIC policy but in next few months I saw one video of yours where you explained how to calculate the return of such policies. To my surprise when i checked the return on my policy, it was merely 6.5 percent. So i went with ur suggestion, keeping in mind the same premium amount, I bought one term insurance which gives me same assured amount + add on coverage on accidental death or any physical disability + critical illness included. And bought the mutual fund with monthly SIP. The only loss that occur to me was the premium amount that i already paid to LIC, which is around 50k, but now when i look at the return from mutual funds, all loss recovered. So go for best term plan available and invest the remining amount in any of the investment plan you like.
Very very informative knowledge thank you sir for giving reality of some insurance plan ❤😊 ye kahi nhi pata chalta hai itna details me sirf pranjal sir se reality pata chalta hai
Sometimes we have buy these endowment plans due to parents😢. As soon as I got my first job, My dad had me start one lic policy through a known family agent. But that was my first and last such investment.
Which term insurance and health insurance you have taken for your family and why. Without any filters, please make a video on this sir. It will be really great.
I am adequately covered thru term plan and have a sizeable equity portfolio, hence in order to diversify gradually to fixed income category and with an objective to lock-in a higher interest payout today, i choose to go for 'Guaranteed Returns plans' by TATA AIA where I am getting a tax free returns of 7% (including GST on premiums paid), for 30 yrs alongwith return of premium at end of 30th year.....
My viewpoint and an interesting analogy… 🤔 I think that a common man who is not so financially literate has a different perspective when purchasing such policies. Let's understand by example. Suppose there are 2 plans. 1. Term plan - 20 Rs per month premium & 1 Lacs sum assured in the case of death 2. Endowment plan - 100 Rs per month premium, only 10k sum assured in the case of death & 1k monthly income for 10 years Now let's understand how a common person think. Suppose if I have 200 Rs. Case 1: 2 people come to me and ask: gives us 100 Rs each. And we will give you 10% interest after 1 year. Means I'll get 220 Rs Case 2: 1st person will give me 25% return & 2nd person will give 0 % return. So after 1 year I'll get 225 Rs. By seeing above case, it seems that one should go with 2nd option. You're getting more interest, but people would choose 1st option. Because according to their mindset, they should get something out of each portion of their total amount. They don't see the overall return. Now if you try to explain this person for our insurance case. As explained in our original example, endowment plan was of 100 Rs. Let’s split into 2 portions: 20 + 80. One can buy term plan at 20 Rs & can increate SIP in index mutual fund using remaining 80 Rs. The return would be much higher in this case. But people would think, why we should give 20 Rs to term plan company? If nothing happens to me during policy duration, then we won’t get anything back? That 20 Rs premium will be of no use. Some people who don’t know stock market would argue that it is not safe. Endowment plan gives us guaranteed return but here we may lose money if we invest in equity. Which is not true in 99% case if we take horizon of 30-40 years. Index would give 12-15 % return atleast which is quite higher that 3-6 % in endowment plan. So I had this high-level thought to explain to such people. I haven’t had a chance to put these figures in actual premium calculator to conclude whether it will be feasible but you should get some basic idea by reading this… So as I said earlier in our hypothetical example: 100 Rs for endowment plan & 20 Rs for term plan What if we divide 100 Rs like this… 100 = A + B + C + D A = Term plan premium (20 Rs in our example) B = RD premium C = SIP in equity MF D = Remaining amount So basically can we divide a relatively high premium of endowment plan into 4 component such that we can… - A: Buy term plan of same Sum assured what endowment plan was offering using A amount - B: Invest in Recurring deposit and get fixed return what endowment plan would provide - C: Get additional return by investing C amount in index MF SIP - D: Still some amount remains which we can invest in either A, B, C as per our preference. The idea here is divide & conquer. If you try to argue with those LIC agent why endowment plan is better then they would give dozen cons of term plan. So here we are dividing large endowment plan to small chunks and still able to get all those benefits what endowment plan was offering. So let’s put random values in above equation … 100 = A + B + C + D = 20 + 50 + 20 + 10 Endowment plan was giving me 10k death sum assured. I got it by paying 20 Rs in Term plan. But I don’t trust in private companies like HDFC, ICICI, etc? What if my family don’t get amount after me? No worries! You trust LIC. Right? Then choose LIC’s Tech Term over endowment so your trust issue got resolved. Endowment plan was giving me 1k every month after 10th year. So By investing B (50 Rs) I am also getting 1k. But I don’t trust private banks. No worries. You have SBI & Post office as govt optins. Safe options & guaranteed return. Till now, we covered all benefits of endowment plan. Now everything else are extra perks. I would invest 20 Rs in index MF. Which will give me 13% return. What if someone tells you if market crashes! You can reply… Hey even if you get 0% return here, still you’re not losing anything. Because A + B covers what you were getting in endowment plan. Still we have 10 Rs left as D. Which we can invest either in A, B, C. Depending on what is my requirement. For example, let say if I need more cover. I would invest in A and instead of 10k, I would get 20k death cover. Now question is whether is it possible to divide endowment premium in A + B + C + D? That’s I’m leaving on you to calculate 😊
Please make a video to spot out the difference among ULIP, ELSS, NPS and Endowment plans including taxation benefits which I think will be a great initiative for normal people. Also if you cover the parameters to choose best term insurance and life insurance policies along with some examples, it will benefit a lot of normal people
Saumik Bhai don't depend on others. Only you can choose what's best for you. Not any other. Take efforts, take pain. Don't outsource your life to such fake tubers any more. Awake !!
You only need a term insurance and a health insurance. Beyond that don’t waste time understanding others. New products are launched by companies in expectation that they will make more profit, not to make your life easier. So in this case stick to the basics. Rest money distribute among debt/equity/gold.
@@nandkishorgurjar3400if you have lock in period, you can't get your money back before that period. You can stop sip at any time and your growth will stop at that time. After lock in period you will need to pay some cancellation charges and you will get money back.
Sir you have done a nice analysis of financial planning insurance planning. But it depends on the perspective of the beholder like a glass of water is half full or half empty. It is necessary to consider what is actually insurance and what is its purpose. Investing in an insurance plan is definitely not about the percentage of return you will get. So insurance plans are sure to protect your future income as well as ensure certainty of obligations based on your future needs. There are many options available to beat the inflation rate but there is uncertainty as all these options are part of the country's economy.
Mutual funds are always better for long term, say 10 years or more. My dad says he got an average of 15-16% CAGR throughout his life. When you choose guaranteed plan then you just get around 7% returns. The biggest risk is not reaching the goal with such kind of investments. I regret investing in ppf because I got 25 lakhs now which could become 1 crore by now if i had invested in mutual funds.
After knowing about the rate of return, i have enquired about surrender value, came to know that bonus will not be paid, hence i didn't pay anymore so that it became paid up
Hi Pranjal ....Could you please make a detailed video on REIT.....is it the good option for those who want to invest in real estate but doesn't have the large capital
This depends on person to person. For someone who wants certainty in life and can sacrifice huge returns with risk. Can go with these plans. Please note these schemes do give 5-6.5 % return. If someone is guaranteeing this for the next 40-50 years it’s not bad. I live in US, for me 5% is much better than 1% return I would get in US
Hi pranjal, Thanks for such useful information as always. Also, there is GST collected on the each premium which 4.5% for first year and 2.5% from second year onwards. But i have a usecase where i need to have a fixed amount after 5 years and i come under 30% tax bracket. So this is better than fd right with approx 5-6% tax free return . I hope you can take my question
Hi Pranjal, can you pls help understand LIC policies, there are not much good videos explaining them on youtube. I am specifically concerned about Jeevan Lakshya (833)and New Jeevan anand(815)
Sir, I am a huge fan of yours and following you since 3 years. But, today first time I found an error in your video. Indexation benefit from debt mutual fund has been removed in this year financial bill. Kindly look into this. Sadly, sarkar mehelo me rehne lag gayi hai.
Hi Pranjal, This is you are spreading half knowledge with everyone. We all need all kind of diversified portfolio, like Insurance, MF , Stock , Gold & Bonds etc. Also note everyone is not eligible to purchase term insurance, 6 to 7% fixed return is quite good for guaranteed. I have MF and Ulips and I found both are almost same . Even ulips gives me tax free and better than MF in Long term.
sir apki point sab theek hai. but mere kuch question hai uska answer please dena.. 1) jinka believe mutual fund or direct stock par nahi hai unke liye best way invest karne ka hain life insurance mai hain. mera mana hai. 2) Aur jinka age 50 above hai unke liye term policy lena bekar hai life cover ke liye kyuki premium bahut zyda ho jata hai.. so please ek video esh par bnaye jishe ki hum jaise log apne parents ka bhi sahi way me invest kar sake.. jisko meri baat sahi lagi hai please comment like kare aur sir tak yeh baat le jaye.. jishe ek aur video knowledgeable bnaye.. Thank you in advance 🙏
There's a problem with term plans that may come in the way of people, it being that a lot of them need income tax returns or credit card statements etc... And most people who end up buying these endowment plans don't have ITR or a credit card.
If you are too much risk averse then go for hybrid funds. They give good returns compared to ppf epf etc and also doesnt fall much during market crash. 60-40 or 65-35 ratio is good enough.
Yes..this video helps. I completely agree to what he said. But I just think about the families of That agents. The agents themselves knows deep down that they are doing wrong but they do it because they have to do it to earn their livelihood. I think THE COMPANY should not put so much pressure on the agents and also if they do so, Provide at least 8 to 9 percentage or more returns to investor tabhi toh hum us plan me invest krenge warna kyu karenge.
Hi Mr PJ I think one thing you missed while explaining endowment plan, as u memtioned term insurenec is covered but that coverage will come only for those no of years for which you are paying actully while endowment plan like Jivan jyoti from lic , we gets life coverage up to those years when we are not paying even i mean for example we pay for 20 years while we gets life coverelage for 75 years but term insurence doent gives this flexibility.
Pranjal Bhai, you didn't even discuss the Whole Life Insurance policy which has your health insurance covered + It works as an investment as well with generational wealth creation ability for your family. In addition to that you can use it for getting bank loans for any personal or business purpose. I have watched some videos on it but they are all made with US-based Investors or Advisors which I cannot compare to India. Can you please provide detailed information on the Whole Life Insurance policy? If there is a video you already published then can you please advise on that?
Don’t fall for such who,e life policies . Remember never mix insurance with investment. Buy term and invest the difference yourself . So get quotation for pure life insurance companies and compare and buy one . And that too with medical . Buy separate health insurance .
PK Bhai, Debt MF me ab indexation benefits nahi milega from 2023. Upar se jo guaranteed product hote hai Insurance company k wo market linked nahi hote hai and if you're guaranteed income crossing 5 lacs + then u have to pay tax. Of course, term insurance is very important
@pranjal kamra, should i and my spouse take term life insurance from same company or different companies, i am going with hdfc life, as i thought if the company fails to come through, going with different might be safer.
Sir having one basic question if we already have sufficient cover with term insurance and just to lock around FIXED 6% return for next 25 years so still you feel these policies are bad... As with my limited knowledge I'm not aware of any other instruments wherein we can get FIXED returns for 25 plus years Thanks
I have had enough of these videos against endowment policies, etc. and I can surely say most of us have already understood that these plans are very bad.. But please make a detailed comparison video of different term life plans so that we can actually buy those plans.
Yeh video zyada term insurance kharido uspe based but tik h. Investment pe toda zyada stretch karna chahiye tha. Yearly investment ka IRR dikhaya h vese hi monthly invest karte hai uska b excel bana k share karte toh sahi rehta.
Hi Pranjal, Thanks for a great video, Your guidance is good for someone who didn't invested yet in these plans but the one who already invested what will be the decision for them ? I have invested in this plan for 2 years, should I exit now with surrender value or how to deal further, can you please guide. 🙏 Looking for your next response soon. 🙏
I am a Financial Advisor myself. The best planning is to have a combination of insurance (term plan and endowment plan) and capital markets (mutual funds and stocks). Also, never surrender your insurance policy, instead put them into reduced paid up returns, i.e. stop paying the premiums. If you surrender, you will get a part of the premiums paid till date and if you go for reduced paid up (stop paying the premiums) you will still gat something at the maturity of the policy.
Thanks for such an informative video. I am in ICICI ULIP plan and I noticed that their charges are very high and lock in period 5y.. Please make a video on ULIP.
I too had this.. Took it out after 6 years.. Was the worst decision, was too naive then.. Their charges are also very high which they don’t even tell when they sell it!!
Nvr buy ulip plans from any company.invest in sovereign gold bonds, stocks, mutual fund which i think gives you higher return from that.sovereign gold bonds is best instrument to invest your valuable money as per my opinion.
U can’t trust the return because jst imagine when u need money suddenly something happened and market goes down. All of ur return will be vanished within days
During covid period insurance companies paid lakhs of death claims. Those unfortunate families got the actual benefit of having life insurance policy. We should invest in other instruments as well as in atleast one life insurance, Cause we never know when a situation like covid arrives again in future. 👍
@@subhrajitsarkar3222 yeah, he is promoting term insurance, i get that. But first 18-19 minutes of his video highlighted the disadvantage of insurance, which i wanted to point out.
Dear Pranjal insurance plans are not for investment purpose, If you're against insurance investment plans, think of it like skipping a rainy day fund. Sure, you may never need it, but if a storm comes, you'll be grateful you had it. Insurance plans are a safety net for your financial future, providing peace of mind and protection for the unexpected.
Yes you are right . He is not against insurance but he is saying not to mix insurance and investment. So go,en rule as you also are saying Buy Term and Invest the difference .
Mr Pranjal... Suggest your best plan which can fullfill the Risk cover of person life. As per HLV Calculator a insurer should select SUM ASSURED 25time of annual income. Where is wrote in other sources of investment, they will return fixed amount. Example .. in Covid period debt fund also sinked.
Get pure term plan for life cover. Insurance is not investment. If you invest in good mutual fund for atleast 5 years you will definitely get 12-13% in worst case scenario. This time even tax saving elss is prividing 25% returns.
There are no cons of term plan. Only con is that after completion period of term plan we wont get back our premium amount which is ok because premium amount is less.
@@paapigamer I deal in capital market and insurance industry pls do not tell me this. Term insurance plan is not for minimum income it is for our beloved family when something unfortunate happens to us.
Please correct your knowledge pranjal. I worked in bank and also selling some insurance plans. With proper jeed and requairment. Their is good plans. Just some agent selling and miss guide people fo higher commission.
This is the one of the best video explain each & every part of insurance Please make the video on taxation of stock market long term investment , short term investment , especially future & option It's really needed thank you for making such a amazing video
Sir , ऐसा लग रहा है किआपको insurance का ज्ञान बिल्कुल नही है , पूरी की पूरी वीडिओ गलत जानकारी से भरी हुई है , आप समाज मे कृपया भ्रम न फैलाएँ , अपना ज्ञान बाधाएं 🙏🙏🙏
एक बात में बिलकुल भी लॉजिक नही दिख रहा है कि 12 साल में 12 लाख रुपए दिए गए,फिर अगले 12 साल तक हर महीने 2 लाख रुपए मिलेंगे तो 2 करोड़ 88 लाख रुपए मिलेंगे न ,वो कम कैसे हुए😂,,अगर बोलने में मिस्टेक भी हुई तो 2 लाख रुपए साल का बोलना चाहते होगे पर इस हिसाब से भी 24 लाख होते हैं,,😂
Can we have a detailed video on Term Plan ? I see a lot of videos recommending term plan but they do not cover all the points to be considered for taking one. (like accidental, paralysis, physical situation where one cannot continue earning, etc)
From lic Age 30 , annual primium 1,00,000/- plan 936-21-15 , sum assured 18,00,000 Natural risk covers 18,00,000/- Accidental risk covers 36,00,000/-. Both from day one If he dies after 10 years Naturally 28,00,000/- Accidentally 46,00,000 Total returns 36,00,000/- IRR - 6% Don't compare Orange with banana 🍌
Indexation benefit only in case we invest in real estate...if the fund would have anyways been used in FD then endowment policy with 6.5% return tax free is not bad sir....
I m job holder age 32 year. In 2019 i purchase LIC (life insurence+ sum assured) after 4 year watching some youtuber , i realised that i m burning my money. then i surrender my Lic( दिल पर पत्थर रखकर)😮 and got approx 65 percent my money..then i purchase 1 pure term insurance.. 1 Elss MF( for tax benefit) and rest of money in direct stocks(15 returns now).... Thank u some genuine youtuber like Pranjal sir and LLA channel.. jo डूबने से बच गया।😂🙏🙏
Bhai Mujhe v nikalni h.. 4 policy hai mere pas.. Kya Karen nikal k invest Krna hi thik h sayd
@@kaushalsingh7860 LIC ka avg return 6.5 percent hota h..not beating inflation ..long run me index mutual fund approx 12 percent return deta h...
@@kaushalsingh7860 lic se to nikal lo..as possible as soon...
Mera bhi hai LIC me 3 policy nikalana sahi hoga ya continue karna ?
What was your sum assured
बहुत अच्छी जानकारी।
आप ने term और endowment का फ़र्क़ बताया, लोगों ने समझा व एंडोमेंट को मना करने लगे। लेकिन ठगों ने नया तरीक़ा अपनाया है। वे अब ये नहीं कहते कि यह एंडोमेंट पॉलिसी ले लो, बल्कि वे बताते हैं कि हमारा एक बहुत अच्छा इन्वेस्टमेण्ट प्रॉडक्ट आया है। उनकी ज़बान से इन्शुरन्स, एंडोमेंट ज़ैसे शब्द ही नहीं निकलते। लोग फिर फँस जा रहे हैं।
🙏 dil say thank you ❤️ ye he baat may as a ex-insurance employee logo ka samjana chata tha par aap nay iski video bankar mare kaam aasaan kar deya ... Sab kao kul ke share Karu ga ye video ❤❤❤❤❤❤❤
Hats off sir ji
Labour law advisor wale mandeep ji ne bhi is par video banaya tha 2 saal pahle।
Bahut achha samjhaya hai apne bhi
Very Good Video, exactly what middle class man thinks and how he thinks and get dumped into such policies. Its an eye opener for me.
Thanks,
Amol
Thank you Pranjal Bhai for your valuable information 👍
Yes, absolutely serve to society.. Financial Education provider...!!
Many of people's dream theirs dream for family.. you give torch light to Financial GOAL.¡
KEEP IT UP...❤
SIR AAP ITNE ACHCHE IDEA DETE HO APKE VIDEO REPEAT KARKE DEKHTA HU,SIR APKI WAJAH SE MONEY MANAGEMENT KARNA EASY HO GAYA HAI
Thank you so much pranjal sir,for such informative videos and informative advice making us aware of such so called investment plan 🙏🏻.
I am half way through your video and I felt the urge to like it.... you have nailed it man. Too good an explanation and simplified it for us. Thanks again bro
Sir you made a good attempt but am expecting with this, you also need to include why insurance agents are pitching only Traditional Insurance policies. Simple funda is commission is based on premium paid, it must be more so that it fulfills agents pocket.
If possible make it edit and repost...
Dear Pranjal,
Wow! That's an amazing video bro. I was also stuck in that kind of policy and canceled as soon as I realized my mistake.
My objective to take those policies was to get tax benefits, and I told this to an agent then, they gave all the bullshit talk and made me take those policies.
This is an eye-opening video for people who are agent ka chakkar policies lete hai.
Thank you! Please keep doing this.
Sir, two questions I have.
1. Monthly or Yearly income is not fixed for entire 15/20 years then how to take it into account?
2. Indexation is only applicable in land? Why not in other items like gold, consuming products, and all. Because price of those are equally increasing day by day like land.
Thank you for this video.
Because government is not supportive to common man's interest
बहुत सही स्क्रिप्ट बता दी आपने पॉलिसी सेल करने के लिए मैं एलआईसी में नया नया ज्वाइन हुआ हूं। आपकी ये स्क्रिप्ट बहुत काम आयेगी। अगर हम इंश्योरेंस नहीं बेचेंगे तो कोई और बेचेगा और लोग खेरीदेंगे ही। और हमको भी तो अपना घर चलाना है ना तो कोई भी धंधा छोटा नहीं होता और धंधे से बड़ा कोई धर्म नहीं होता।
Thank you PK. My bank manager was trying to sell you this plans, but I was having doubt. Your video confirmed my doubt. Keep making such content ❤
How you know
Thanks sir
Thanks for the video. I was also forced by Axis Bank sales team to purchase a very similar plan, which looks attractive prima facie.!!!
I have a question the maturity benefit after the policy is not taken care, like SBI platina plus guaranteed income has this option for maturity benefit... Which is calculated by multiplying some factor with the insurance premium,.. let me know your thoughts
In Apr'21, I bought one LIC policy but in next few months I saw one video of yours where you explained how to calculate the return of such policies. To my surprise when i checked the return on my policy, it was merely 6.5 percent. So i went with ur suggestion, keeping in mind the same premium amount, I bought one term insurance which gives me same assured amount + add on coverage on accidental death or any physical disability + critical illness included. And bought the mutual fund with monthly SIP.
The only loss that occur to me was the premium amount that i already paid to LIC, which is around 50k, but now when i look at the return from mutual funds, all loss recovered.
So go for best term plan available and invest the remining amount in any of the investment plan you like.
Which one did u buy now??
@@Limit_Ncore tata AIA...
That's because this is a bull market. When it will fall, you pant gandi karoge
One and only eye opener, thanks Pranjal sir.
Very very informative knowledge thank you sir for giving reality of some insurance plan ❤😊 ye kahi nhi pata chalta hai itna details me sirf pranjal sir se reality pata chalta hai
One correction, Indexation benefit has been removed in Debt mutual fund from this financial year.
Honest and informative video as always. ❤
एकदम सही, एजंट अपना फायदा पहिले देखता , सही जाणकारी.
Sometimes we have buy these endowment plans due to parents😢. As soon as I got my first job, My dad had me start one lic policy through a known family agent. But that was my first and last such investment.
Which term insurance and health insurance you have taken for your family and why. Without any filters, please make a video on this sir. It will be really great.
I have the same request
Let's wait for that video
I am adequately covered thru term plan and have a sizeable equity portfolio, hence in order to diversify gradually to fixed income category and with an objective to lock-in a higher interest payout today, i choose to go for 'Guaranteed Returns plans' by TATA AIA where I am getting a tax free returns of 7% (including GST on premiums paid), for 30 yrs alongwith return of premium at end of 30th year.....
Quite a good plan 👌
Sir ji...u r a worst Insurance Seller but an awesome financial educator...
Super super super video pranjal sir 👍👍👍
My viewpoint and an interesting analogy… 🤔
I think that a common man who is not so financially literate has a different perspective when purchasing such policies. Let's understand by example. Suppose there are 2 plans.
1. Term plan - 20 Rs per month premium & 1 Lacs sum assured in the case of death
2. Endowment plan - 100 Rs per month premium, only 10k sum assured in the case of death & 1k monthly income for 10 years
Now let's understand how a common person think. Suppose if I have 200 Rs.
Case 1: 2 people come to me and ask: gives us 100 Rs each. And we will give you 10% interest after 1 year. Means I'll get 220 Rs
Case 2: 1st person will give me 25% return & 2nd person will give 0 % return. So after 1 year I'll get 225 Rs.
By seeing above case, it seems that one should go with 2nd option. You're getting more interest, but people would choose 1st option. Because according to their mindset, they should get something out of each portion of their total amount. They don't see the overall return.
Now if you try to explain this person for our insurance case. As explained in our original example, endowment plan was of 100 Rs. Let’s split into 2 portions: 20 + 80. One can buy term plan at 20 Rs & can increate SIP in index mutual fund using remaining 80 Rs. The return would be much higher in this case. But people would think, why we should give 20 Rs to term plan company? If nothing happens to me during policy duration, then we won’t get anything back? That 20 Rs premium will be of no use.
Some people who don’t know stock market would argue that it is not safe. Endowment plan gives us guaranteed return but here we may lose money if we invest in equity. Which is not true in 99% case if we take horizon of 30-40 years. Index would give 12-15 % return atleast which is quite higher that 3-6 % in endowment plan.
So I had this high-level thought to explain to such people. I haven’t had a chance to put these figures in actual premium calculator to conclude whether it will be feasible but you should get some basic idea by reading this…
So as I said earlier in our hypothetical example: 100 Rs for endowment plan & 20 Rs for term plan
What if we divide 100 Rs like this…
100 = A + B + C + D
A = Term plan premium (20 Rs in our example)
B = RD premium
C = SIP in equity MF
D = Remaining amount
So basically can we divide a relatively high premium of endowment plan into 4 component such that we can…
- A: Buy term plan of same Sum assured what endowment plan was offering using A amount
- B: Invest in Recurring deposit and get fixed return what endowment plan would provide
- C: Get additional return by investing C amount in index MF SIP
- D: Still some amount remains which we can invest in either A, B, C as per our preference.
The idea here is divide & conquer. If you try to argue with those LIC agent why endowment plan is better then they would give dozen cons of term plan. So here we are dividing large endowment plan to small chunks and still able to get all those benefits what endowment plan was offering.
So let’s put random values in above equation …
100 = A + B + C + D
= 20 + 50 + 20 + 10
Endowment plan was giving me 10k death sum assured. I got it by paying 20 Rs in Term plan. But I don’t trust in private companies like HDFC, ICICI, etc? What if my family don’t get amount after me? No worries! You trust LIC. Right? Then choose LIC’s Tech Term over endowment so your trust issue got resolved.
Endowment plan was giving me 1k every month after 10th year. So By investing B (50 Rs) I am also getting 1k. But I don’t trust private banks. No worries. You have SBI & Post office as govt optins. Safe options & guaranteed return.
Till now, we covered all benefits of endowment plan. Now everything else are extra perks. I would invest 20 Rs in index MF. Which will give me 13% return. What if someone tells you if market crashes! You can reply… Hey even if you get 0% return here, still you’re not losing anything. Because A + B covers what you were getting in endowment plan.
Still we have 10 Rs left as D. Which we can invest either in A, B, C. Depending on what is my requirement. For example, let say if I need more cover. I would invest in A and instead of 10k, I would get 20k death cover.
Now question is whether is it possible to divide endowment premium in A + B + C + D? That’s I’m leaving on you to calculate 😊
Long but Hats off👍
Very good explanation
@@vivekagrawal639 glad that you read it entirely! :)
@@kshitijp8165 Thanks!
Great
Valuable analysis, true speaking ❤
Thank you for your very important information about insurance policies.🙏
Please make a video to spot out the difference among ULIP, ELSS, NPS and Endowment plans including taxation benefits which I think will be a great initiative for normal people. Also if you cover the parameters to choose best term insurance and life insurance policies along with some examples, it will benefit a lot of normal people
Sir Mera ek HDFC CLICK2 WEALTH PLAN HAI 10 YEARS KA 45 SIP DE CHUKA HU BUT ME EXIT KARNA CHATHA HU PLEASE HELP ME AND SUGGEST THANK YOU PK BOLA SIR
Saumik Bhai don't depend on others. Only you can choose what's best for you. Not any other. Take efforts, take pain. Don't outsource your life to such fake tubers any more. Awake !!
You only need a term insurance and a health insurance. Beyond that don’t waste time understanding others. New products are launched by companies in expectation that they will make more profit, not to make your life easier. So in this case stick to the basics. Rest money distribute among debt/equity/gold.
@@nandkishorgurjar3400 poi poi BB
@@nandkishorgurjar3400if you have lock in period, you can't get your money back before that period. You can stop sip at any time and your growth will stop at that time. After lock in period you will need to pay some cancellation charges and you will get money back.
Sir you have done a nice analysis of financial planning insurance planning. But it depends on the perspective of the beholder like a glass of water is half full or half empty. It is necessary to consider what is actually insurance and what is its purpose. Investing in an insurance plan is definitely not about the percentage of return you will get. So insurance plans are sure to protect your future income as well as ensure certainty of obligations based on your future needs. There are many options available to beat the inflation rate but there is uncertainty as all these options are part of the country's economy.
Mutual funds are always better for long term, say 10 years or more. My dad says he got an average of 15-16% CAGR throughout his life.
When you choose guaranteed plan then you just get around 7% returns. The biggest risk is not reaching the goal with such kind of investments.
I regret investing in ppf because I got 25 lakhs now which could become 1 crore by now if i had invested in mutual funds.
Thank you sir for sharing ur knowledge with us
Nice explanation sir
Thanks for creating such videos.
After knowing about the rate of return, i have enquired about surrender value, came to know that bonus will not be paid, hence i didn't pay anymore so that it became paid up
Hi Pranjal ....Could you please make a detailed video on REIT.....is it the good option for those who want to invest in real estate but doesn't have the large capital
Thank you so much sir 🙏🙏very nice information 👍🏻
Really appreciable well designed nice initiative ❤
Sir , Endowment assurance is the combination of term assurance and pure endownment .
With inadequate risk coverage and ROI.
This depends on person to person.
For someone who wants certainty in life and can sacrifice huge returns with risk. Can go with these plans. Please note these schemes do give 5-6.5 % return. If someone is guaranteeing this for the next 40-50 years it’s not bad. I live in US, for me 5% is much better than 1% return I would get in US
then you are competing with inflation.
You forgot currencies probably.
Very informative & productive video
आप का बहुत बहुत शुक्रिया। 🙏🙏🙏🙏
Hi pranjal, Thanks for such useful information as always. Also, there is GST collected on the each premium which 4.5% for first year and 2.5% from second year onwards.
But i have a usecase where i need to have a fixed amount after 5 years and i come under 30% tax bracket. So this is better than fd right with approx 5-6% tax free return .
I hope you can take my question
Do PPF and NPS then
make a detailed videos on both term life and health insurance please..🙏🏼🙏🏼
Outstanding pranjal j 👍👍👍
Hi Pranjal, can you pls help understand LIC policies, there are not much good videos explaining them on youtube. I am specifically concerned about Jeevan Lakshya (833)and New Jeevan anand(815)
Sir, I am a huge fan of yours and following you since 3 years. But, today first time I found an error in your video. Indexation benefit from debt mutual fund has been removed in this year financial bill. Kindly look into this. Sadly, sarkar mehelo me rehne lag gayi hai.
It is removed on pure debt fund. Hybrid debt fund still have indexation benefits
Hi Pranjal,
This is you are spreading half knowledge with everyone. We all need all kind of diversified portfolio, like Insurance, MF , Stock , Gold & Bonds etc.
Also note everyone is not eligible to purchase term insurance, 6 to 7% fixed return is quite good for guaranteed. I have MF and Ulips and I found both are almost same . Even ulips gives me tax free and better than MF in Long term.
You are right
❤
sir apki point sab theek hai.
but mere kuch question hai uska answer please dena..
1) jinka believe mutual fund or direct stock par nahi hai unke liye best way invest karne ka hain life insurance mai hain. mera mana hai.
2) Aur jinka age 50 above hai unke liye term policy lena bekar hai life cover ke liye kyuki premium bahut zyda ho jata hai..
so please ek video esh par bnaye jishe ki hum jaise log apne parents ka bhi sahi way me invest kar sake..
jisko meri baat sahi lagi hai please comment like kare aur sir tak yeh baat le jaye.. jishe ek aur video knowledgeable bnaye..
Thank you in advance 🙏
Thanks @Pranjal sir 👍 21:43
😂😂😂
There's a problem with term plans that may come in the way of people, it being that a lot of them need income tax returns or credit card statements etc... And most people who end up buying these endowment plans don't have ITR or a credit card.
Correction indexation benefit for Debt MF was removed from this year, but still I'll prefer those instead of these policies
What are "those & these" policies mentioned Chirag bro?
If you are too much risk averse then go for hybrid funds. They give good returns compared to ppf epf etc and also doesnt fall much during market crash. 60-40 or 65-35 ratio is good enough.
Ur doing very good job sir
U r more authentic and transparent in ur videos now
Yes..this video helps. I completely agree to what he said. But I just think about the families of That agents. The agents themselves knows deep down that they are doing wrong but they do it because they have to do it to earn their livelihood. I think THE COMPANY should not put so much pressure on the agents and also if they do so, Provide at least 8 to 9 percentage or more returns to investor tabhi toh hum us plan me invest krenge warna kyu karenge.
Hi Mr PJ
I think one thing you missed while explaining endowment plan, as u memtioned term insurenec is covered but that coverage will come only for those no of years for which you are paying actully while endowment plan like Jivan jyoti from lic , we gets life coverage up to those years when we are not paying even i mean for example we pay for 20 years while we gets life coverelage for 75 years but term insurence doent gives this flexibility.
सच में सर बहुत अच्छी वीडियो सर 🎉❤
Can I choose Aegon Life iterm Prime plan? All the ratios are better when compared with other big companies. Should I buy that?
Pranjal Bhai, you didn't even discuss the Whole Life Insurance policy which has your health insurance covered + It works as an investment as well with generational wealth creation ability for your family. In addition to that you can use it for getting bank loans for any personal or business purpose.
I have watched some videos on it but they are all made with US-based Investors or Advisors which I cannot compare to India.
Can you please provide detailed information on the Whole Life Insurance policy? If there is a video you already published then can you please advise on that?
Don’t fall for such who,e life policies . Remember never mix insurance with investment.
Buy term and invest the difference yourself .
So get quotation for pure life insurance companies and compare and buy one . And that too with medical .
Buy separate health insurance .
PK Bhai, Debt MF me ab indexation benefits nahi milega from 2023. Upar se jo guaranteed product hote hai Insurance company k wo market linked nahi hote hai and if you're guaranteed income crossing 5 lacs + then u have to pay tax. Of course, term insurance is very important
Hi Funda ka bouykuf Bana raha hai.
Bahut achha information Kamra sir ❤
@pranjal kamra, should i and my spouse take term life insurance from same company or different companies, i am going with hdfc life, as i thought if the company fails to come through, going with different might be safer.
Sir having one basic question if we already have sufficient cover with term insurance and just to lock around FIXED 6% return for next 25 years so still you feel these policies are bad...
As with my limited knowledge I'm not aware of any other instruments wherein we can get FIXED returns for 25 plus years
Thanks
There are bonds where u can jump from bond to bond whenever you're bond term expires - there are ample schemes but u still stuck into FD 😅😅😅
I think we get simple interest in FD.Compound interest is what that's important.
I have had enough of these videos against endowment policies, etc. and I can surely say most of us have already understood that these plans are very bad..
But please make a detailed comparison video of different term life plans so that we can actually buy those plans.
Yeh video zyada term insurance kharido uspe based but tik h. Investment pe toda zyada stretch karna chahiye tha. Yearly investment ka IRR dikhaya h vese hi monthly invest karte hai uska b excel bana k share karte toh sahi rehta.
Thank you for creating such priceless content.
Hi Pranjal, Thanks for a great video, Your guidance is good for someone who didn't invested yet in these plans but the one who already invested what will be the decision for them ?
I have invested in this plan for 2 years, should I exit now with surrender value or how to deal further, can you please guide. 🙏
Looking for your next response soon. 🙏
Same question
Same question
I m also giving yearly 1 lakh in these plan from last 5 year..fas gayi hoon…thinking what to do?
Surrender that plan. Invest the lumpsum in ELSS. Take term plan . Invest remaining annual investment in ELSS /Direct MF in SIP
@@shubhamkhandelwal6495 Yeah was thinking in that way only, just that the surrender loss will be bigger.
I am a Financial Advisor myself. The best planning is to have a combination of insurance (term plan and endowment plan) and capital markets (mutual funds and stocks). Also, never surrender your insurance policy, instead put them into reduced paid up returns, i.e. stop paying the premiums. If you surrender, you will get a part of the premiums paid till date and if you go for reduced paid up (stop paying the premiums) you will still gat something at the maturity of the policy.
What is your SEBI registration number?
@@rudrachatterjee2614 It's ARN-165048. It is not SEBI registered but AMFI Registration Number.
@Ayush Jain I provide my clients the link of the app where they can track the performance of their portfolio.
@Ayush Jain It's OFA.
@@rudrachatterjee2614 He won't reply as he doesn't have it. P K is one of many fake finfluencers.
Thanks for such an informative video. I am in ICICI ULIP plan and I noticed that their charges are very high and lock in period 5y.. Please make a video on ULIP.
I too had this.. Took it out after 6 years.. Was the worst decision, was too naive then.. Their charges are also very high which they don’t even tell when they sell it!!
Mee too,still stucked in ulip policy,high administrative charges
Nvr buy ulip plans from any company.invest in sovereign gold bonds, stocks, mutual fund which i think gives you higher return from that.sovereign gold bonds is best instrument to invest your valuable money as per my opinion.
Thanks sir for valuable information.
Tataaia term plans ILP are giving 5 yrs returns 19.38% cagr and 3 yr 26.27% cagr..well managed
भाई कोरेना से पहले का इसका रिटर्न देखो 5 साल 7 साल का तब पता चलेगा 26 परसेंट सीएजीआर है या 10 परसेंट
U can’t trust the return because jst imagine when u need money suddenly something happened and market goes down. All of ur return will be vanished within days
During covid period insurance companies paid lakhs of death claims. Those unfortunate families got the actual benefit of having life insurance policy. We should invest in other instruments as well as in atleast one life insurance, Cause we never know when a situation like covid arrives again in future. 👍
The point is not to avoid insurance plans. But to choose the right plan with real benefits.
@@subhrajitsarkar3222 yeah, he is promoting term insurance, i get that. But first 18-19 minutes of his video highlighted the disadvantage of insurance, which i wanted to point out.
@@priyodarshini those are not the disadvantages of insurance plan, but endowment plans specifically.
Term plan hai uske liye
@@rv0_0 pata hai bhai, wohi likhi hai comment pe ki ek insurance hona chahiye chahe woh jo v plan ho
Thank you so much for showing us the truth ...... 🙏
Bahut sundar Brother. 10 saal ke liye kaun sa sip kare.
YOU FORGOT TO TELL US, WHAT TO DO IF WE ARE ALREADY HAVING THESE KINDS OF POLICIES ??
Just keep paying them.
Don't fall prey to these videos
@@ManojKumar-cy7xxgood joke😂😂😂😂
Brother please close it🙏🙏
Dear Pranjal insurance plans are not for investment purpose, If you're against insurance investment plans, think of it like skipping a rainy day fund. Sure, you may never need it, but if a storm comes, you'll be grateful you had it. Insurance plans are a safety net for your financial future, providing peace of mind and protection for the unexpected.
Yes you are right . He is not against insurance but he is saying not to mix insurance and investment.
So go,en rule as you also are saying
Buy Term and Invest the difference .
Thanku sir.... thanks for spreading awareness ❤❤
Mr Pranjal... Suggest your best plan which can fullfill the Risk cover of person life. As per HLV Calculator a insurer should select SUM ASSURED 25time of annual income.
Where is wrote in other sources of investment, they will return fixed amount. Example .. in Covid period debt fund also sinked.
That he won't do😂
Get pure term plan for life cover. Insurance is not investment. If you invest in good mutual fund for atleast 5 years you will definitely get 12-13% in worst case scenario. This time even tax saving elss is prividing 25% returns.
One problem with financial influencers are they don't cover 100% of any topic. No one tell cons of any term plan
There are no cons of term plan.
Only con is that after completion period of term plan we wont get back our premium amount which is ok because premium amount is less.
@@earth_1943 it clearly shows your lack of knowledge
@@paapigamer I deal in capital market and insurance industry pls do not tell me this.
Term insurance plan is not for minimum income it is for our beloved family when something unfortunate happens to us.
@@earth_1943 So I assume you also know term insurance's limitations and t&c?
@@paapigamer Every insurance has limitation and terms and condition without these no insurance work in market.p
Please correct your knowledge pranjal. I worked in bank and also selling some insurance plans. With proper jeed and requairment. Their is good plans. Just some agent selling and miss guide people fo higher commission.
U r right sir , his knowledge is very poor about Insurance
Are ye insurance Wale chawanni chap log ek number ke jhuthe , batao ek anjan aadmi ko loan k sath insurance chipka Dene Wale
Thanks for sharing such a valuable information......❤❤
You are absolutely right. But everybody can't do Term insurance because of its t&c and limitations
U ARE RIGHT SIR
Middle class kaise lenge term life insurance sir
Brother,
I am a Army person should i take a term plan plz reply
Jarur lo Bhai I am also a defence person
@@sultansinghbhadouriya3950but defence me to all medical expenses government uthata hai na
This is the one of the best video explain each & every part of insurance
Please make the video on taxation of stock market long term investment , short term investment , especially future & option
It's really needed thank you for making such a amazing video
Bhai aap bhi gajab ka sales pitch karte hain😂😂 I was convinced for a while 😂😂😂
I am 1st viewer today 🎉🎉🎉🎉🎉
Congratulations you won 2 days and 3 nights trip to Goa by Mr. Pranjal Kamra😂
Its really heart touching 😂😂
Sir , ऐसा लग रहा है किआपको insurance का ज्ञान बिल्कुल नही है , पूरी की पूरी वीडिओ गलत जानकारी से भरी हुई है , आप समाज मे कृपया भ्रम न फैलाएँ , अपना ज्ञान बाधाएं 🙏🙏🙏
Bhaag sale dalal😂
Bilkul sahi bata rahe hai pranjal bhai.. main khud 2 insurance policy lekar phasa hua hu...
एक बात में बिलकुल भी लॉजिक नही दिख रहा है कि 12 साल में 12 लाख रुपए दिए गए,फिर अगले 12 साल तक हर महीने 2 लाख रुपए मिलेंगे तो 2 करोड़ 88 लाख रुपए मिलेंगे न ,वो कम कैसे हुए😂,,अगर बोलने में मिस्टेक भी हुई तो 2 लाख रुपए साल का बोलना चाहते होगे पर इस हिसाब से भी 24 लाख होते हैं,,😂
अच्छा वक्ता हैं, प्लीज बीजेपी ज्वाइन 😂😂
Can we have a detailed video on Term Plan ? I see a lot of videos recommending term plan but they do not cover all the points to be considered for taking one. (like accidental, paralysis, physical situation where one cannot continue earning, etc)
You can add critical illness and accidental cover as rider on your term plan
@@Indianajones3083 thanks Ganesh
I like ur explanation pls make & explain whole life ins, whether wla/pli make any sense?
From lic
Age 30 , annual primium 1,00,000/- plan 936-21-15 , sum assured 18,00,000
Natural risk covers 18,00,000/-
Accidental risk covers 36,00,000/-. Both from day one
If he dies after 10 years
Naturally 28,00,000/-
Accidentally 46,00,000
Total returns 36,00,000/-
IRR - 6%
Don't compare Orange with banana 🍌
I am huge fan of you. Thanks for valuable information.
Indexation benefit only in case we invest in real estate...if the fund would have anyways been used in FD then endowment policy with 6.5% return tax free is not bad sir....
What a pitch....Just have seen 5:30 & I am convinced... I should get a insurance....
Sir, satia Industries Or ircon international kon sa lu confuse hu. Plz sir kon sa sahi hoga bataye .
Sir please advise whenever we purchase term plan with riders should we opt return of premium option ?
Pranjal-Doesn’t the indexation benefits are gone on debt mutual funds now after 2023 budget ?
Kindly make a video on Postal Life Insurance (PLI). PLI is the oldest insurance in India. It started on 01.02.1884.
Same HDFC policy sell krne aye the agent but hm to pranjal sir ke subscribe h❤
Very nice video pk 👍