Term Insurance क्या होता है? - How to Buy Best Term Insurance Plan in India in 2023?

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
assetyogi.com
#TermInsurance #BestLifeInsurance #LifeInsurance

[@AssetYogi]

Term Insurance - bit.ly/term-life-insurance-compare Health Insurance - bit.ly/health-insurance-plan-compare Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.

[@sunilsahoo7685]

Sir Excellent Class 🙏 Hats Off God Bless You

[@DeepakSingh-zn2nl]

Hi Asset Yogi For NRI which plan better it should be from India or from resident country ?

[@sudhirnalavade8354]

Excellent, Thanks

[@shikhamalkotia4771]

​@@DeepakSingh-zn2nlp

[@deepakmehra6190]

⁰⁰

[@gajendraanwala5924]

Pro tip: don't put your mobile number in policy bazar app. You will be instantly bombarded by sales agents.

[@RaviPandey-eq6mv]

Main to dusre ka dalta hu

[@SR_Jadeja]

Agreed

[@DHANANJAYKUMARYADAV-my2xf]

😂😂😂

[@studentinteraction]

वाआआआ सर जी ......बेस्ट इन्फॉर्मेशन .......इन्शुरन्स वाले तो गले मे कुछ भी लटकाके निकल जाते हें......धन्यवाद जी आप का

[@AssetYogi]

Thanks Amardeep

[@ameyadeshmukh3911]

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 !!

[@AssetYogi]

Thanks for your kind word Ameya

[@manisha7491]

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 😊

[@AssetYogi]

Glad to hear Manisha

[@shounakchatterjee1823]

@@AssetYogi Sir mera ek sawal tha ki real estate main jv land agreement main developer ko kitna down payment karna parta hain ?

[@manisha7491]

@JORDAN hdfclife

[@utkarshgupta9754]

​@@manisha7491u bought insurance through policy bazar?

[@sureshchahal2568]

konsi company ka term insurance liya ji aapne.plz share.i m confused.

[@investorofasset6091]

Thank you sir your video given me a lot of knowledge about stock Market and investing I will be always thankful to you 🤗

[@pravinagawane]

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..

[@arvindbarke4836]

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

[@santoshkumar-ez8bx]

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

[@AstrologerVaibhavBhardwaj]

Thank you Mukul for sharing this valuable information.

[@AssetYogi]

Thanks

[@amolmali3583]

Very nicely explained. Thank you so much Mukul-G for your kind efforts and this detailed explanation.

[@AssetYogi]

keep watching Amol

[@PraveenGuptaThinks]

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?

[@ajeetashok]

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....🙏🙏

[@AssetYogi]

Noted Ajeet

[@tradingfinance8944]

Good job 👍 Aaj mera confusion door ho gya ye insurance policy ka .well done ✅ sir

[@AssetYogi]

Keep learning

[@satysharma8020]

Jai Shri Krishna Mukul sir as usual your videos are highly informative and to the point. Ramji aapka Kalyan kare.

[@tech_wizard9315]

Please make a detailed video on top 5 health insurance policies which provide super top up of 45-50Lakhs

[@13181815]

Very much honest and detailed analysis.Thanks.

[@AssetYogi]

Glad it was helpful!

[@bintu23ryubbj]

Superb, fantastic, combo of term insurance & mutual funds, except Lic & U lips, thanks yogi sahab.

[@AssetYogi]

Thanks

[@honeyjarial5547]

Your video presentation is more attractive to play further videos. Now i will definitely plan for term insurance. Thank you for your valuable video. ☺️

[@rohitjadhav-th2bt]

Sometime i feel so lucky ki aap hame mil gaye aur hamari zindgi behtar banadi thanku so much sir for coming our life❤🙏🙏

[@vv1057]

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?

[@AssetYogi]

That depends. Both can buy the term insurance also, but its individual choice

[@ABCDC11]

You tube par app jaise knowledge, simple words mai , bahut kam log dete hai , Thank You so much

[@AssetYogi]

Thanks

[@madolednyaneshwar1]

Thank you for giving the proper knowledge regarding this topic. We need this kind of youtubers 🙂🙂

[@AssetYogi]

Keep learning

[@santuadhikary9950]

Thank you so much!!

[@prafulltiwari6374]

Totally complete information about life insurance..Thank u sir

[@AssetYogi]

Glad to hear Prafull

[@ashishwadhawan3523]

Thankyou Assetyogi for guiding people for insurances 🙏

[@AssetYogi]

Thanks Ashish

[@mayankmilind1251]

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.

[@santoshkumarch4583]

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💐🙏

[@parth8730]

Excellent presentation..what a deep analysis.. fabulous Sir💞

[@AssetYogi]

Thanks Parth

[@kirandeshmukhdk]

Your note of watch @1.5x is much appreciated. Thanks for saving our time. BTW the content was useful.

[@AssetYogi]

Glad to help

[@vlogswithvinit4463]

Sir Thank you for sharing this valuable information with us, your video clears all the questions.

[@suroorfaisal7240]

Thank you soooo much sir,mere sare doubts clear ho gye apki iss video se

[@subeshsapkota]

hi , i think we should buy team insurance without return of investment and we should take critical illness rider thanks sir 😀

[@beasty007]

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.

[@Brijesh8080]

I like your personal finance videos. God Bless you !

[@AssetYogi]

Thanks Brijesh

[@God_Bhai554]

Maine max life insurance ka term plan liya hai( zero cost ). Kya usme health insurance add kar sakte hai ?

[@manojkadam5957]

Very nice video sir...Sir Mera 2022 jan me 38 age tha. So mene term insurance liya he up to 85 age..n limited pay select kiya he for 10 yrs so Mera premium yrly 60000 aata he to ye sahi he kya hdfc ka 1cr ka term insurance liya he mene.

[@anirbandatta3758]

can anyone tell me is ZERO COST TERM plan good?

[@619ry7]

Guy right now I'm planning to term life insurance Please recommend which one is best

[@shivjeesingh3014]

kotak life insurance it's pure term insurance plan

[@prasenjitdeshbhratar3281]

Great effort....salute..... And Love

[@rohitasharora007]

Sir, can you make a video about how to do management analysis of listed and unlisted companies.

[@shyam1290]

Too Good | Very well explained >>> Very informative👌

[@AssetYogi]

Thanks

[@Vishalrkoli9615]

Very informative video sir… Thanks

[@AssetYogi]

Thanks Vishal

[@VikashKumar-qr2cb]

Very detailed and informative video All doubts r solved at a single place

[@abhiii.05]

Hi sir, upto when we need to pay? And what if i choose 60 yeas and i live more than 60 years?

[@ajayagicha2407]

Very knowledgeable sir. Thankyou very much.

[@AssetYogi]

Thanks

[@shagunb45]

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

[@salimahmedali9249]

Consider inflation into the picture....the value of 10-15 lacs will be wayyy less when u reach 60-70

[@beasty007]

well bro you need to improve your financial understanding.

[@maheshchavan612]

Thank you for all the detailed videos on various topics. Your videos are best source to understand any new topic for novice user.

[@AssetYogi]

Thanks Mahesh

[@palashkhatri7820]

Thank you @Asset Yogi , for such detailed video.

[@VickyRathor0917]

Knowledgeable ❣️

[@AssetYogi]

Thanks

[@RahulSaini-ti6vz]

Very informative..thanks a lot.

[@AssetYogi]

Most welcome Rahul

[@ShahidAzizSiddiqui]

Best video like always. Kya term insurance sirf salaried class ke liye hota hai?

[@satyanveshi1939]

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.

[@ramnidhipandey4736]

Bahut badhiya jankari diya aap ne dhanywad

[@AssetYogi]

Thanks

[@Yatri234]

Very nicely explained 👍👍 Please make a video about taking Health Insurance policies.

[@AssetYogi]

Thanks

[@bhugolersahajpath9914]

Thanks..... Superb analysis ❤️❤️

[@AssetYogi]

Thanks and welcome

[@DebuDhan]

Thank you ❤

[@anandzala2779]

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.

[@AssetYogi]

Thanks Anand

[@ashishomar277]

Can you please explain why cover should be “X” times of the annual income rather than annual spendings?

[@GauravDhandhukia]

can anyone calculate/estimate spendings ?

[@ojasmittal6838]

Because your annual spendings should not be>than annual income

[@2887raj]

Detailed explanation for novice like me...kudos to u and ur time 🙏

[@AssetYogi]

Thanks Raj

[@ABDIGITALBANEGAINDIA]

Wow 😲 Nice explanation Sir 👌 Quality Content Sir

[@AssetYogi]

Thanks

[@tirupatiagency893]

An eye opener

[@jitendrasuthar186]

Sir , best mediclaim pe bhi video banaye

[@dearvivekkumar]

Can we buy 2 separate term plans from 2 different companies? Will it add have advantage?

[@alittlecoding]

perfect timing. mai next month se start karne wala tha. kafi help hua is video se.

[@AssetYogi]

That's good

[@Hi0715]

Can you please make video on health insurance for pre-existing mental illness?

[@IAMBHARTIY]

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?

[@Kumarpallabsarkar]

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!

[@IAMBHARTIY]

@@Kumarpallabsarkar okay thanks

[@mohandixit8005]

Thankyou for sharing knowledge 🤗

[@AssetYogi]

Most welcome

[@sbychoudhary2296]

got some fundamental idea . thank you asset yogiji

[@AssetYogi]

Most welcome

[@jayanmachingal6863]

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

[@AssetYogi]

Noted Jayan

[@santanukumarprusty6592]

It's not the case any more under the new tax regime.

[@sarasgupta8430]

Ab tax benifit kaha milne wali..Govt.sab khatam kar rahe hai..

[@EUREKA_IN]

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

[@pranavkulkarni3252]

Same question, if any person salary is 25000, can he avail term insurance

[@savinantony5631]

@@pranavkulkarni3252 yes

[@ImranAhmed-ip6rs]

@@pranavkulkarni3252 yes I have taken a term insurance with 28k salary.

[@funnydubbing7730]

bhai agar fake it bhare 5lkh ki to?

[@hareeshyadav2870]

@@pranavkulkarni3252 presently no company provide any term insurance below 5 lakh income.

[@Poojan24]

Really useful details, Thank you for sharing this.

[@a_maxed_out_handle_of_30_chars]

simple and to the point, thank you bhrata :)

[@rajmohare6029]

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.

[@AssetYogi]

Noted Raj

[@rajwindersingh7039]

Thank You So Much..... A Lot of Respect For You ❤️

[@AssetYogi]

Keep watching

[@rajwindersingh7039]

@@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 ❤️

[@vishnusharmamudgal]

@@rajwindersingh7039 sir kaunsa liya fir

[@Rupeshteacher]

@@rajwindersingh7039 sir I am also trying to purchase which one you bought?? Plz tell it will help us

[@rajwindersingh7039]

@@vishnusharmamudgal I went for MaxLife as it has highest claim settlement ratio.

[@sukeshtikka2274]

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 ?

[@akhilpeddina6348]

Marvellous job by Asset yogi. Highly appreciated

[@AssetYogi]

Thanks Akhil

[@sumantadas2595]

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?

[@AssetYogi]

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.

[@sirajshaikh3674]

Mukul keep posting good videos like this don't stop your good work!

[@AssetYogi]

I will Siraj

[@rupankifashionNeeva]

Thank you sir. You have covered almost points...

[@AssetYogi]

Most welcome

[@ravindrabarmaiya433]

very nice & valuable information in effective manner with comparison. Great sir

[@AssetYogi]

Thanks

[@DhananjayKumar-wm4ji]

Make a video on best health insurance. And how much cover we have to opt for.

[@AssetYogi]

Noted

[@journeytowardswealth]

Very nice effort sir. A very simple explanation about life insurance. Thanks a lot.

[@AssetYogi]

Keep watching

[@kcdash45]

My height has been wrongly mentioned in term insurance policy.Will it create any problem in case claim arises in future?

[@aftabahmadsiddiqui7118]

very informative, thanks to you

[@third3eye]

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.

[@kiranhon7894]

What is MWP?

[@third3eye]

@@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.

[@kiranhon7894]

Okay thanks, checking with the insurance company for this clause

[@sharathkumarhk4260]

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.

[@AssetYogi]

Noted. Its the receiver discretion how he/she wants to receive the money

[@samiganatra7894]

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)

[@CccHaresh9996]

Good point 👍

[@vipulchakurkar3921]

Can u present us the calculation?

[@samiganatra7894]

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

[@AssetYogi]

Noted

[@ms1409]

@@samiganatra7894 No GST is levied on ULIP.

[@vikasjha4396]

Your video is very helpful, thank you ❤️ sir 🙏🙏🙏

[@akhileshchandra2702]

Very good .complete information is given regarding subject.thanks.

[@reliableservices214]

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?

[@jerrygaming556]

I have 3-4 LIC endowment plans costing almost 75k per year. I've been paying from 2019 so its been almost 3 years Should i stop it & shift to term insurance ??? Which term insurance company should i go for ?? LIC term plans are costing me around 22k per year for 1 cr. For 25 years should i take it or i need to go after private companies plans ??? Please suggest me !!🙏🙏🙏

[@hemantkambli7278]

From 30 Nov2022 LIC new tech term plan premium increased by 30-35% now it become too costly as compared to other companies.

[@savinantony5631]

As per my idea, stop endowment plan (paid up). And take term plan. Please search top term plan in you tube. Watch atleast 6-8 videos before conclusion.

[@vk19]

Thank you sir for crystal clear information. Now i have taken right decision about term. GBU

[@vikasgk1]

You are doing very logical and great content. Keep up the great work 👍

[@AssetYogi]

Keep watching Vikas

[@ivinitmittal]

Very well summarised!!💯

[@AssetYogi]

Thanks

[@Aspirant-lp2bt]

Sir from which company have you got your term insurance?

[@AlphaWolf4u]

Laxmi Chit Fund

[@sandeepbisht5382]

Tata aia

[@PRITAM_KUMAR_RAUT]

@@sandeepbisht5382 Login bhi karte ho ya nai bhaiya? Maine bhi ek liya tha baar baar error araha tha, but tata aia ko mail kiya error ka toh unhone solve kiya fir. Ek baar aap bhi login karkey dekh lena

[@shailajamujkari]

HDFC LIFE, LIC AND MAX LIFE INSURANCE IS BEST this Company providing high claims settlement

[@amss488]

N eye opner video.. Thnkuu

[@mukeshpatel2703]

जानकारी के लिए अनेक अनेक धन्यवाद योगी जी🙏Best term life insurance batayiye Yogi ji?? 1 cr ke liye income bhi 5 lac chahiye, bajaj jaisi company hi 5 lac se kam income me 1 cr deti hai, aur koi company hai kya please bataye🙏🙏🙏

[@rushikeshkale7303]

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 🌟

[@sureshkumar-ts3mc]

Thanks very much for useful information

[@AssetYogi]

Keep watching

[@streak1122]

U r the best guide for insurance knowledge.Thank you so much sir

[@AssetYogi]

Keep learning Ranjit

[@himanshukhinchi5906]

Sir you clear all the things very nicely🙂😊

[@AssetYogi]

Keep watching