How to buy Life Insurance / ஆயுள் காப்பீடு வாங்குவது எப்படி

In this video, we will see how to buy a life insurance for us. Many of us do not even realize the importance of life insurance. In India, we get reminded about its importance only thru insurance agents. But unfortunately, most of them misguide us and sell products like ULIP that is not of big use as life insurance. In this episode, how to choose and buy a good life insurance is explained in detail.
Following questions are answered:
1. What is insurance?
2. How can we find that we need a life insurance?
3. How much do we need as life insurance?
4. How long do we need the life insurance coverage?
5. What is the best life insurance to buy?
6. What is Term Insurance?
7. How good is term insurance when compared to ULIPs and endowment policies?
8. Why insurance need should not be mixed up with Savings/Investments needs.
If you would like to use the return calculator used in this video, copy it to your google account from here: docs.google.co...
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Reference:
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[@idavelan9499]

Wow! I have never seen anyone in sync with us like this. Every single topic in the videos that you uploaded were researched and explored for last few years by us and we are on right track now towards financial freedom. We have explored term insurance vs investment insurance and decided on term insurance for the same exact reasons that you have explained here. Both me and my spouse watch your videos together and we are a big fan. Your way of narration is very good. Nanbenda!! :)

[@InvestmentInsightsTamil]

Glad to hear that.

[@Tpaiyne]

Excellent video!! I was almost fooled 2 years back into buying an ULIP from LIC in which I have to pay 1.5 lakhs per year for 25 or so years and then after a period of 31 years I would get 81 Lakhs tax free money. I thought this was somehow useless and then opted of it. Now I know the math behind the useless scheme thanks to you! Tysm keep going 👍👍

[@loneranger4765]

Thalaiva enga irundenga ivlo naal. You are my Financial Guide. Found your video randomly and you are really helping.

[@InvestmentInsightsTamil]

Glad to hear that

[@luckyvel3]

உங்கள் எளிமையான விளக்கங்கள் தொலைநோக்கு பார்வை நீங்கள் எடுத்துரைப்பது பொருளாதாரமாக இருந்தாலும் அதை நீங்கள் அன்புடனும் அக்கறையுடனும் சொல்லும் விதம் மனம் நெகிழ்கிறது பல ஐயப்பாடுகளை நீங்கள் எளிதாக விளக்கியுள்ளீர்கள் 🙏

[@InvestmentInsightsTamil]

மிக்க நன்றி!

[@vijaimahi6547]

Oru appa solikodukara mari eruku...Thank you so much🤝..pa

[@gunasekaranrengaswamy6595]

Anazing explanation, I have taken ulip linked policies with high premiums few times and have discontinued them losing all money. Instead I could have taken term insurance as suggested by you. Wish someone was there to advise me earlier. Thank you Mr.Vijay Mohan 👍👌

[@radhikalyan23]

Beautifully explained. I like your videos as they are short and crisp to the point. Thanks a lot!

[@InvestmentInsightsTamil]

Glad you like them!

[@ramv9589]

OMG... இதைவிட தெளிவா விளக்க யாராலும் முடியாது .... நீண்ட காலமாக எதை வாங்குவது என குழப்பத்திலேயே எதையும் வாங்காமல் விட்டுவிட்டேன்(yes bcz of high price). எனது குடும்பம் எனது வருமானத்தை மட்டுமே பிரதானமாக வைத்து இயங்குகிறது. எனக்கு ஏதேனும் என்றால் என்ன செய்வது என பெரும் நேரம் குழம்பியிருக்கிறேன். இப்போது நன்றாக தெளிந்திருக்கிறேன். எனது நன்பர்கள் மற்றும் உறவினர்களுக்கு இதை நிச்சயமாக கொண்டு செல்வேன்.

[@Ramanansureshchem]

Very very nice valuable video sir. After this video I have purchased a term insurance. If you make a separate video to explain how to buy a helth insurance, it will be very useful sir. Thank you so much for the service you are doing.

[@meenakshimurugappan2744]

Romba azhaga puriya vaikiringa sir romba porumaya puriya vaikiren ga.neenga sonnathuku aparam than enaku index fund purinthathu

[@senthilkumaran52]

சார், நீங்கள் சொல்வது 100% உண்மை, உங்களோட ஐடியா 10 ஏர்ஸ் முன்னாடியே கிடைருந்தால் நானும் இப்போ கோடிஸ்வரன் ஆகி இருப்பேன், நீங்கள் நீடுடி வாழ வேண்டும் ஐயா.

[@srimathuramsmedicalenginee7710]

இத்தருணத்திற்கு தேவையான விளக்கம். மிக்க நன்றிங்க

[@ldkdinesh]

Great video Sir. I was contacted twice by ICICI folks for ULIP plans. With my little knowledge, I could only sense that even FD with compounding would give same return and couldn’t see beyond. This video is a eye opener. Simple, precise and easy to understand. Nandri 😊😊😊

[@prabhuvelmurugan5301]

Late in the party, but definitely an eye opener. Appreciate the efforts! One of my friend referred your channel a year ago and missed it somehow. I am watching all your videos now and it is of immense help. Thanks is just a small word for all the good work that you have been doing!

[@samrajnatarajan3259]

another great video. Thanks for your eye-opening perspectives. even if you are PhD in India, financial knowledge is as good as an LKG student. You and Anand srinivasan are doing this extension education and I am sure in the community many will be benefit and generations will prosper

[@PraneeFromUS]

Anand Srinivas and You are open without any strings attached..!!

[@lriht]

Thank you sir for encouraging investment in markets. I would like to say something about term insurance 1.Term insurance is like a lottery. When you get lottery, you aren't here. 2.when you are here, no lottery. 3.There is no claim concession like ENDOWMENT policies. 4.In case anything happens, after grace period over,your family get nothing. 5.Brand Term insurance companies must have Medical and IT RETURNS before buying term insurance. 6.Research data says, no one complete the full term. Because you may feel,that i am healthy and no return premium. In these cases, company get more benefits from you. 7.Before you invest, to know the points Types of risks, low, high, very high, Is there capital protection, Guranteed returns. 8.Think and action. Thank you.

[@karikalacholan1406]

I guess you didn't understand what he is saying.. maybe you are a sales executive

[@balugokul7290]

romba nalla explain paneenga sir! ungala guru va pakran! thanks you for your knowledge sharing sir !

[@sabais3267]

Yes sir ur right i got pure term plan in 2018 ...just 408 rs for 33 yrs with sum assured 50 lakhs..

[@arunseven007]

Vera level explanation sir. I'll surely share this to my friends.

[@raja03able]

Hi, I am a life insurance professional. I can help you provide Term Insurance at the lowest cost. Please reply to this message. Thanks

[@AP_Kudumbam]

Watched your Video exactly one Year Later and still a valid and important information for me to follow.. Thank you

[@muthuswamy5449]

Clear cut and straight forward speech sir.....got to know about more and more things.Thank you❤️

[@karthickraja1760]

Thanks for the Eye Opening session Vijay Sir. I would always feel that the essence of Insurance purpose would be lost by the policies they are providing along with the Savings Scheme. Now I am Exploring the Suitable Term Insurance :)

[@InvestmentInsightsTamil]

Great to hear that.

[@venkateshmurugadas7481]

Thank you so much, Vijay. You have saved me from making a very bad financial decision. Thanks a lot.

[@RamSay-do2uh]

Thanks for explaining nicely sir, big fan of you. I have a question, which premium paying term is profitable to me as a 29 year old - single payment,

[@saravanakumarsivasamy7933]

Please do a similar video for US as well. Also suggest how to choose different term plans, ways to save them. How to transfer to beneficiary, etc. I would like to hear along with your thoughts. I am eagerly waiting for it. Please consider this, it'll be a great help for Tamil community in USA.

[@dhasaiyansivaraman4305]

Very good explanation Thank you very much sir. very useful video

[@Maranchezhiyan]

THQ so much sir ,eavlo payreya vesaitha Simple solitena

[@sanjivkumar-pn8lr]

Sir with your advice i bought hdfc term insurance 😊😊👍

[@bharathij4402]

Repost this video every month And Financial planning video also This must be the highest viewed video in India

[@InvestmentInsightsTamil]

I think so too... But unfortunately people like to see tips on buying cars more important than financial planning.

[@anandraj2314]

Sir... Very enlightening. Awesome job. Much needed for our generation. Started binge watching your videos

[@prabagaran.s1285]

Finally clear shout 👍 on the insurance , , nenga vera level

[@yestamilselvan]

Mass thala..!!! I never imagined that I'll be addicted to such financial videos. Articulated explanations, succinct videos and above all they are from self proven person! Greetings from Germany 🇩🇪

[@ashariprasath9111]

Well explained sir,you really cleared the myth of Term insurance.Thanks a lot👍

[@raghurammuthusamy8656]

Excellent ! Appreciate the service you're doing to the society. Thanks a lot !

[@keerthivasan1245]

I thought to take term insurance and now i got clarity. Thanks for sharing this content. Thank you so much Sir

[@chandraprakashmc7741]

Sir simply, extraordinary.. understand to a layman ❤️. One point here if a person like me already purchased a endowment policy what should they do.. pls clarify and answer sir... Because I have took it 5yrs back and it's an 35yrs policy and my age now is 30 paying yearly 21k.. pls clarify sir..

[@InvestmentInsightsTamil]

See if you can surrender it early and buy a term insurance instead.

[@karthickparameswaran4993]

Your experience speaks here and very good insight view given with practical scenario .. thanks ..

[@InvestmentInsightsTamil]

Glad it was helpful!

[@kaviarasu3956]

Hi Sir, very clear explanation.. thank you so much for your help. I have two questions when you have time please answer it. Q1: in your video said 7k/year can put 1cr. Life insurance but I have checked unable find it please advise which one your reference Q2: I have plan direct investment to index fund, I am unable to do it, could you please advise step by step procedure to index investing (nifty50) direct fund..

[@InvestmentInsightsTamil]

1. You have to look for Term Insurance (www.policybazaar.com/life-insurance/term-insurance/) 2. I will create a separate episode for that. You have two options. One to open the account directly with the fund house like UTI and buy the index fund directly from them. Second option is to open a brokerage account like in Groww or in Kuvera, which offers direct funds. You should be able to buy direct funds there.

[@kaviarasu3956]

Thanks Sir it is useful

[@pugazhkrishna1522]

Good explanation. I too follow the same method. I think the two dislikes come from "Agent" 😂.

[@vasudevansivalingam8494]

I did all the nasty things whatever you’ve mentioned as mistake. I’m just started planning well based on the points you’ve given here. Great info 👍 thanks Vijay.

[@InvestmentInsightsTamil]

We all make mistakes. But we learn as we go... :)

[@raja03able]

Hi, I am a life insurance professional. I can help you provide Term Insurance at the lowest cost. Please reply to this message. Thanks

[@rathimeena100]

Very Good video, sir! Requesting you to give information on Health insurance + the best health insurance companies in the market. Thanks in advance.

[@TheVinod32]

Very informative but could someone let me know which insurance company is providing a term plan for 7000 per year? I checked and most of them are offering for more than 10K

[@rameshkunalan5470]

Boss the way you are communication is amazing

[@ukeshchandrasekar895]

Hi sir ! I don't know how to express my gratitude to u . Honour your efforts in sharing ur knowledge.!!

[@prasannaganesh5225]

Very informative thank you sir 🙏. I'm hearing Indexed Universal Life Insurance ( IUL ) is another good plan which provides tax free retirement income and other benefits which 401k and Roth IRA is not providing. Is it good to buy ? Could you post a video on it?

[@vraaji]

sir i hope MISTAKE in term insurance premium calculations .if we pay rs.7000 /year ,it will come 1,40,000 for 20 years (not 14000) and also @ 8.30 minute mentioned 700/year.hope this leads to error in calculation. sorry sir highlighting this is to reach right information to our followers... thanks

[@kpravikumar-su1yf]

உண்மை சார் நான் நிறைய பாலிசி போட்டுவிட்டேன் அதை இன்வெஸ்ட்மென்டில் போட்டு இருந்தால் பணம் ரெட்டிப்பாகி இருக்கும்😂😂

[@rsanjay87]

👁️ opening content! RIP for ULiP and Endowment policies and agents 😂

[@deepakj6546]

Health insurance pathium konjam pesunga sir and unga full videos paathutan semma knowledge kadachithu athuku romba thanks sir ❤️

[@InvestmentInsightsTamil]

Glad you liked the content. Health Insurance is in my To Do list.

[@raja03able]

Hi, I am a life insurance professional. I can help you provide Term Insurance at the lowest cost. Please reply to this message. Thanks

[@harisnija]

It's really good sir, now I know the difference, thank you so much sir 🙏

[@saravananr9370]

Term insurance ஐ எந்த company மூலம் எடுப்பது சார்.. நல்ல நிறுவனத்தை தேர்வு செய்வது எப்படி என்பதை ஒரு வீடியோ வாக பதிவிடுங்கள்..

[@RAMESHT1976]

வாழைப்பழம் உரித்தும் தரப்பட வேண்டுமோ? அது பணம் போடுபவர் செய்ய வேண்டிய வீட்டுப்பாடம்:-)

[@balacool1]

I think the same way and avoid ULIPs and opted for 50L Term insurance upto my 60age. But I had two option either I can pay every year up to my 60 or I can complete it in 10Year but the yearly premium is double. I chose for 10 years is that correct way.

[@InvestmentInsightsTamil]

The question you should be asking yourself is, what would you have done with that extra premium paid? Would it have generated more income than the premium you would have paid every year?

[@balacool1]

@@InvestmentInsightsTamil Thank you so much brother

[@chetwilllydada1189]

Understood things very clearly Thanks a lot sir

[@fulmoon72]

Bravo, simple and straightforward. Great initiative. Thanks

[@Adhithya_Karikalan]

Term insurance raiders பற்றி video வேண்டும் அய்யா

[@jeraldrajesh2044]

This video can change Innocent investers from trap👍👍

[@Wealthismm]

Please talk about medical insurance ❤❤

[@aniruttha.r7556]

This video is very useful. How buy best health insurance sir.. Pls share that video sir

[@sparkersclubesports5743]

You are a gift for society, really appreciate

[@yuvarajyuvi2644]

Recently I viewed most of your videos. And I suscribed too 😉. They are just awesome 😍. Thank you for your time and effort. It will really help lot of us.

[@manigandanayya1778]

Sir Kindly add a video for health insurance

[@amalanevile]

Gud....Sir , Pls make video for Health Insurance

[@InvestmentInsightsTamil]

Good suggestion. Will add it to my list... Thanks.

[@nagarajukarnam1820]

Awesome knowledge n crystal clear explanation

[@hemanthkumarpadmanaban7531]

excellent sir. Thank you very very much. This video is such an eye opener 👏

[@silango5679]

Sir, superb explanation for term insurance.

[@KumariJNSG]

Very well explained sir.. As usual Crisp and clear 👌

[@iammohanasudhan]

Clear explanation Sir. Thank you

[@anandchandrasekar5253]

Nice explanation sir, crystal clear..

[@manjiniarul7192]

sema explanation! talk of experience!!

[@kannan2]

என்னுடைய வயது 31. படிப்பு ஒன்பதாம் வகுப்பு வரைதான்

[@Mehendi_by_indu]

Amazing content sir 😮 never thought this way

[@Chrlprb]

Great video sir.. more people will be benefited from this.

[@asifahamed8740]

Thank you so much for your advice and comparison, very helpful and insightful. Can you please suggest some best life insurance plans available right now? I look forward to your recommendations. I have just subscribed to your channel.

[@mysairam1894]

Thank you so much Sir for this eye opening video. You really taught us the seriousness of life insurance. We are currently in USA and would like to know some good companies offering term insurance for ten years since we are planning to return to India in ten years.

[@InvestmentInsightsTamil]

Check out term4sale.com and go with any company that has excellent rating.

[@manirajaramar2782]

Your are right sir.. But index funds are subject to market risk sir. Athaiyum sollunga.. And also term insurance NRI poda mudiyaathu . So I bought LIC insurance policy Jeevan Ananth. Did i well sir?

[@baba31183]

Hello sir ..vanakkam ..Thanks for your inputs..Can you please suggest the good and term insurance conditions in USA if possible? Thanks

[@rajasekarmax6462]

Please family floated insurance pathi explain panuga sir

[@abdulwahidooty4552]

முக்கியமான தகவல் நன்றி சார்

[@kapilshan]

Good video! Loved the way you explained term insurance! Quick question - since most of the life insurance policy providers have US citizen requirement for buying term insurance in USA, what would you suggest for someone who is an immigrant in US living here for a while but not a citizen/green card holder yet. Thank you!

[@InvestmentInsightsTamil]

I dont think citizenship is a requirement for buying term insurance. I know many who got it with no issues.

[@shanthir7741]

You are an eye opener Sir. Thank you so much. 👌

[@gopisrinivasan9459]

Crisp and clear.. Sir 👌👏👏👏💐💐💐

[@sanjivkumar-pn8lr]

Sir fantastic explanation 👌👌🏼🙏🏻

[@balamurugan-qc8ji]

In india life insurance & medical insurance awareness is too low, plz upload comparison video for How USA people is different from india in kind insurance awareness.

[@radhasrinivasan7901]

Very clearly explained.

[@sureshkumar-kv9tm]

Brother any idea like international term insurance policy company .Zurich insurance company and MetLife company is which one is best company to buy insurance plan from UAE Dubai .

[@user-ev9fn5rp1f]

Verry good explanation sir thank you so much

[@chiranjivi005]

sir, can you please advice regarding best term insurance scheme currently available in india. Or, at least help us to filter the best one.

[@balajayaram9038]

Could you please suggest good term insurance companies ? i could see now a days ryder, medical disease covered as part of term insurance and few other benefits like waiver of premium, etc ??? Thanks in advance for the response

[@InvestmentInsightsTamil]

Like I said in the episode, go with the plain vanila term insurance with nothing fancy associated with it. Most of them are created to confuse us into buying something that we do not need. Keep it simple and just buy the term insurance for your life insurance needs. Regarding the company, go with any big ones that has been in the field for long time.

[@balajayaram9038]

@@InvestmentInsightsTamil sir am in Sweden, As a NRI is it possible to buy term insurance in india without medical check up?

[@prabp9666]

Thanks for the info sir!! What do you suggest for visa holders ? Buy from both places ?

[@rajeshrajesh-xy4uc]

I have subscribed your channel recently, and all your vedio's are very simple and very informative sir 👌👌👌💖

[@devaraj-gacp8654]

Thank you for your support sir, Which is best term insurance company?. How to take Term insurance with any additional commission &charges?

[@InvestmentInsightsTamil]

You can go with any major players like HDFC Life, Max Life etc.

[@dynamic_pro]

Hi i want to know whether TATA AIA Smart Sampoorna Raksha is also an ULIP? Its coverage is 2Cr Term 40 years, have to pay 1L for first 12 years?? I have paid first premium? Shall i close it?? Your feedback will be much appreciated

[@BalaYeswanth]

Hi Sir, How to include the inflation effects when planning for total coverage ?

[@InvestmentInsightsTamil]

25 times annual expenses is a good estimation of our needs. Feel free to increase that to fit your needs.

[@pskgandhi]

Excellent, well explained.

[@cathualex]

Hi sir. Thanks for al ur awesome explanations. Could u pls let know what needs to be done for ppl who got trapped wit this ulip plan? How to get rid of this? There is a lockin period of 5yrs. I have already paid premium of 1lakh per year for 3 yrs. Shud we pay premium for 5 yrs and withdraw the total fund at the end of 5yrs and then stop continuing the plan ? Or shud we stop right now and let the 3L be taken aft 5 yrs? Pls suggest Sir.

[@sivajack89]

Very Good Explanation about Term Insurance, You compared term insurance with ULIP but how about LIC?, please explain here or include this topic in your list

[@InvestmentInsightsTamil]

It's all the same. When it comes to life insurance, just buy simple plain term insurance from any provider. Nothing else is better.

[@raja03able]

Hi, I am a life insurance professional. I can help you provide Term Insurance at the lowest cost. Please reply to this message. Thanks

[@eastersolomonraj3151]

@@InvestmentInsightsTamil what about TROP?

[@futuretech8762]

Your advices are much appreciated

[@sudhakarsudhakar8051]

Dear sir please advise me which term insurance is best for future

[@amirthalingamvignesh4181]

Great information - thanks alot , is there any way to find best term insurance in India