Reality of Money Back Plans, Guaranteed Income, Endowment | Insurance + Investment? | LLA

[@LabourLawAdvisor]

Best Term Insurance: term.lla.in Best Health Insurance: health.lla.in Best Vehicle Insurance: policy.lla.in

[@soumsgaming238]

Main upstox use karta hoon

[@uttpalkumar8485]

Bhai mere according to you hame savings bank account k badle apke diye link se mutual fund k liquid fund me paisa rakhe kyuki bank 3-3.5% return de rahi h aur liquid fund around 7-7.5% matlab sare banks band kardo sirf mutual fund ka naam hoga employer salary bhi liquid fund me dega kyuki savings bank account to 3-3.5% return de rahi ha na .. one sided video na banao bhai .. Again You Sounds like Mutual Fund Agent.. Commission zyada mill raha ha kya zerodha ya upstox se aur ek baat last me kya bola video me commission aapke jeb se nahi aa raha to company kama kaha se rahi ha ham aam investors se hi na bhai .. Finally Unsubscribed

[@jaisamtani303]

Bhai abhi yeh bhi bata do ki konsi Term Insurance and Health Insurance leni chaiye? 28 ki umar cross ho chuki hai already

[@LabourLawAdvisor]

Dude, pehli baat to ye ki maine encourage mutual fund kia h, par link stocks ka diya h dhyan se dekh lo. Mutual fund pe koi commission nhi kamate hum Secondly, insurance agents ko jo commission milta h, uske liye company price badha deti h aur customer se vasoola jaata h wo commission ka amount. Zerodha upstox ke case me price badhaya nahi ulta kam kar dia gaya h, aur company ke profit me se commission milta h. User ko to investing pe brokerage bhi 0 pay karni padti. Jab kuch samajh naa aye to puch lo, trash talk krke kya achieve kar loge? You stay unsubscribed, nahi chahiye views..thanks

[@LabourLawAdvisor]

Watch my both videos on term insurance

[@ShreyasRisodkar]

Excel is one necessary skill that should be taught to every kid in school

[@rahulpawartube]

in Indian school they teach "How to Become Sufficient Labor and how to work for money" Not how to make money work for you :) . It is actually factory :(

[@joystarcreations2265]

Yes , its true but school teacher teaching how to pc start & shut down . ms paint.

[@prasadjoshi0703]

White hat hr is suing you now.. phir coding kaun karega bhai 😂😂😂😂😂😂

[@RohitSharma-fe2bl]

Agreed..

[@Arjun_Photography0800]

@@joystarcreations2265 😂😂

[@deeptanshuthakur577]

SBI employee tried to pitch me ULIP and smart platina Plus plan. Then I made this excel sheet and explained him about his scheme. He was out of words. Thanks for making India Financially Literate.

[@ramnareshrocky6232]

सर आप सही हो सकते हैं लेकिन इन्सूरेंश कम्पनियाँ हमें टर्म इन्शुरेंस क्यों देंगी? क्यों ₹10000/- प्रिमियम के बदले 1 करोङ क्यों देगी? कम्पनी चैरिटी क्यों करेगी? ।

[@ankushdhawale4628]

Sir is it a 25 year plan....where premium to paid for 10 years and next year get the the money......and sir by the way where should we invest ??

[@nishant54]

@@ramnareshrocky6232 Kyon ki woh thagne ke liye bhi toh nahin hai na.

[@RohitThakur-up6vr]

Fir mutual fund me lagaya ki FD khol k baith gye 🤣🤣

[@deeptanshuthakur577]

@MD Gulshan 7%

[@TheArtOfWealthBuilding]

I am a certified financial planner ,there are so many people who think term plan is a waste of money .. This is a very good video ..good job

[@nehamehta5859]

Kya NSC is good investment?

[@nitinsharma5110]

LIC Jeevan labh table 836 gives you 16 percent return. If you invest 110000 every year for next 16 years you will get 66 lac in 25th year. Now use this IRR formula and validate.

[@atulgupta2942]

Even I thought about it for a while, if term insurance is remarkably affordable then why aren’t people buying it (just 1k INR a month for ~1Cr coverage). Especially, basic businessman who can easily afford to pay premium for a 5/10Cr insurance coverage. So this is what I believe goes in their mind, a basic business man’s business allows him to make huge profit once in a while, so instead of improving his lifestyle, he prefers buying land in the outskirts (stable % ROI) of their city for each of his family member one at a time (whenever he makes huge profits) & leave it as a long term investment. Eventually, all his dependents are technically property owners at some point of time, which also means they are financially stable, therefore term insurance(health insurance is an exception) no more fall in their priority as they already have land for financial security & stability. Moreover, lack of knowledge regarding term insurance and not enough faith in the company to return the sum assured could be a potential drawback.

[@Arjun_Photography0800]

@@nehamehta5859 Of course NSC is a good investment

[@Arjun_Photography0800]

@@nitinsharma5110 LIC Jeevan Labh is having a CAGR of 8%

[@himanshusolanki5534]

These are the kind of videos required to raise awareness these fraud insurance companies. Great job.

[@NemoOfNautilus]

Fraud nhi hai.. business genuine hai..

[@himanshusolanki5534]

Bhai tere sath hoga fir bolna ki genuine business hai :p

[@rajivbhatt]

Someone in my network was trying to sell me this Sachay plus. I gave them the link to this video and they had no comments - ekdum bolti bandh! Thank you for explaining it so well 🙏

[@LabourLawAdvisor]

Haha

[@kumarjena8053]

@@LabourLawAdvisor , I already invest in these insurance, Pls suggest it's better or not, kya mujhe surrender kar dena chaiye. Hdfc click to invest ulip 5000/- pm, pay term 10 year, withdraw in 15th year. From November 2018 Hdfc life sanchay 1500/- pm, pay term 10 year, withdraw in 25th year. From oct 2020 Hdfc click to wealth 1000/- pm, pay term 10 year, withdraw in 25th year. From oct 2020. Sbi e wealth life insurance ulip 1000/-pm, pay term 20 year, withdraw in 25th year. From feb 2019

[@akashtodkar5188]

@@kumarjena8053 bhai mene bhi LIC me dala hai 26k per year deta hu Mera 1 lac usme ghoos gaya h Fir bhi me band karwa rha hu usko 55% loss hoga

[@prashantbeniwal5615]

@@akashtodkar5188 bhai kuch bhi blindly mat mano, video dekhke itna mat influence hoe ki khud kar paww mai khuladi mar loe

[@prashantbeniwal5615]

@@kumarjena8053 aap inko mat surrender karwao loss mai rahoge. Sari bate nahi sunni hoti, inka sab policies ka lookin period hoga 5 years uske baad band kar sakte hoe.

[@Lan31274]

At this age, the amount of knowledge and awareness you have on financial matters makes me jealous. I am not sure whether I am qualified person or not to appreciate you but keep it up bro...😚

[@heythatsurfrnd]

Aap Insurance company ki dukaan bandh karwa denge😂😂😂 Great job

[@komalnagar6305]

Insurance India me 1956 se chal Raha he ,1956 se aaj tak life insurance ka business lagater bad Raha he ,analysis dekhe Bhai ,meri jindgi me aese boso case dekhe jaha mujhiya ke Nahi rahne par insurance claim ne hi patni or bachho ko Sahara Diya he dost , otherwise parivar ke or sage Bhai bahan bhi sal Di sal me hath khade kar dete he

[@heythatsurfrnd]

@@komalnagar6305 insurance mere bhai ajkal sirf relationship basis ya target pura krne becha jaa raha hai pressure bana kar.. importance kam ho gayi hai (warna log insurance company k calls yunhi kaat na dete+frauds bhi ho rahe) Seedhi baat insurance ka naam aaj k time me mahatvapoorna nahii hai!

[@mayankkumar5296]

@@heythatsurfrnd Jab tak kuch occurance nahi hota tab tak log Insurance ki value nahi samajhte . Occurance hone ke baad log khud chal kar aate hai ki mera Insurance kar dijiye.. Waise Jab tak aap par koi dependent nahi hai tab tak Insurance ka jaroorat nahi . But family agar aap par depend hai so Insurance is must .

[@komalnagar6305]

@@mayankkumar5296 ,thanks ,jay Shri Krishna

[@anuragsrivastava7139]

@@heythatsurfrnd usse pucho jiske Ghar m bread earner k saath mishappening hogayi hai aur usne insurance Nahi karwaya hai. Tab pata chalega insurance k value. Waise BHI aajkal covid k wajah s bahut case dikh rahe hai aise.

[@RubyOliverm5l]

I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025

[@SofiaJames9H]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@SebastianNoah5e]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@JulianBenjamin3d]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@SebastianNoah5e]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@JulianBenjamin3d]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@EXCEL4LEARN]

I was ex-ICICI employee. Specifically in icici securities.I resign ICICI within 1 month after seeing the reality.This is the reality of our country that people after doing MBA spend lakhs of rupees and investing time they are forced to sell these insurance. Pressure is too high that they need to tell lie unless they also know that insurance will never be sold by telling all truths. Telling lie is called as manipulation in sales language.Managers are appreciating if you can more more manipulate people.I appreciate this video. Brother you are sharing very good information, even my father also loss around 30-35lcs just because to ran behind these policies.

[@lifeguru111]

i understang your feeling becz i am a also part ex-employe of ICICI PRUE....

[@karanmadan1048]

Problem toh mil gayii solution bhi nikaaloo.

[@bhaktisaty]

Waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru waheguru ❤ji

[@studyon4865]

Hello brother My father gave 35000 yesterday to bajaj capital what's the way to come out of this insurance and get refund

[@sumittripathi2362]

Seedhe bol ki fat gayi thode me he....dum nahi hai khelne ka jhandu hai

[@prabhakardutta4310]

Mandeep I already closed my endowment plane with a loss of nearly 12,000 in 2019 after knowing the reality of this plane. But the best part is I am now 25 year old.

[@adabs9076]

Prabhakar g how u close it, I also want to close, i am also a victim pls reply.

[@samsridar]

Dont pay premium and surrender the policy. If u cant surrender, stop paying and it will lapse without any benfiy

[@adabs9076]

@@samsridar thanx sam 🙏

[@DS-nq5qf]

@@samsridar it will be adding interest on yearly basis, so if you withdraw after 15 years then you will get good returns but not expect 100% return on your investment

[@securefuture786]

And how much u saved kindly share fund valve

[@DesertLion0826]

I am relationship manager in kotak bank. This guy is speaking 200% truth !

[@DS-nq5qf]

Bro whats your education background ? And after how many years you got this designation?

[@DesertLion0826]

@@DS-nq5qf you don't need to be highly qualified to become relationship manager in any bank, the only thing you need is 3 years of relevant experience in any financial company.

[@DS-nq5qf]

@@DesertLion0826 bro I have done MBA finance , but I'm still fresher, I'm 23 now . Is there any chance I will get a job in Kotak Bank ?? Can you guide me?

[@DesertLion0826]

@@DS-nq5qf if you are not left with any option than only choose career with kotak, Yes, you can get job as a assistant acquisition manager (sales officer) But You have to source 10 current and saving account every month

[@DS-nq5qf]

@@DesertLion0826 ohk, but how to get a job ? By which medium I can really apply for a job ? I have done through linked in and online mode, but didn't get response !!

[@appu5ful]

The same I have done. I closed mine and my wife's Endowment plan bearing loss of approx 2.5 lakhs so that I shouldn't bear further losses worth crores. Best Video👌👌

[@sonu.badola]

Bro, I have started watching you randomly for the last couple of months, but I really want to say a big Thank You for this type of detailed explanation along with excel examples. You are doing a great job by spreading financial awareness in this society. Kudos !!

[@narinderpaul3840]

Excellent 👍

[@kapil442]

My fav youtuber and channel for this reason..Explaining the most difficult and subjective things in a simple way with illustration. That too for free..Hatsoff to you brother..🔥

[@zebasiddiquee9926]

I landed on this video as I was researching about HDFC Life Sanchay Par Advantage Plan. Half way through the video and I paused it just to make sure I don't miss on to such informative content. Yes! I paused to subscribe LLA. Thanks for all the info that you provide.

[@LabourLawAdvisor]

Thanks so much

[@MANISHSINGH-ns4cd]

muje one time invest krna h to konsa plan best h HDFC sanchay ya Lic 917

[@shriramdahe]

Pure term insurance and health insurance only

[@RakeshKumar-uf4ez]

Hi

[@ajayrkamble520]

Dodge a huge bullet

[@meenapatil-hb3cn]

Your video is fact based. All said and done, you can't rely on mutual funds for everything. Beating inflation isn't the only thing to do in life. Mutual funds needs to be more time tested. LIC has given the guaranteed sum assured to people even when all the gold of country was leased out in 1988. You should have one guaranteed policy in the bucket.

[@avinab123]

An entire generation's wealth creation (my parent's generation) was destroyed by investing in these endowment plans from LIC. At a time when inflation was high, these plans provided 4-5% return over a 15-20 year tenure and also provided a paltry life cover. This channel is great source of information, so that our generation does not make the same mistakes our parents made...Peace, Health & Wealth

[@LabourLawAdvisor]

Hi Avinab, would you share your story with me? I don't know whether you'll read this reply but if you, please email me at [e-mail]

[@karatekid7640]

@@LabourLawAdvisor hello Mandeep sir if you could do me a favour and help me with my policy. My father took a similar policy from max life monthly income guaranteed plan worth around 6 lacs with 12 x yearly premium of 50k not including tax. With 4 premium already paid totalling around 2 lacs, I took a detailed look and found it deeply stupid plan further cemented by watching your video. My problem is it i surender it now i would have the "special" surrender value of 1,18,000 . That's a massive loss of 85k on my initial investment. So should I surrender it or is it possible to salvage it someway maybe by changing find. Can you please help me with how can I do that. I would greatly appreciate your service on this as well as for this informative video. Thankyou

[@thearcram]

​@@LabourLawAdvisor please reply to the above comment, as I'm Going through same situation

[@sakshikumari5633]

sir can you suggest me term insurance i am working in a merchant navy

[@chetanshah1261]

Mutual fund has its own risk factors and completely depends on market.. Assuming returns of 10 to 20 %but no guarantee.. Its better to understand insurance and mutual fund differences as both have their own pro and cons.

[@trueman7249]

Mutual funds r subjected to market risk and Endowment plans r best investment plan ,No risk plan,Life insurance plan.Baas this line se hin hamara mind hack hogaya hai 🤣🤣🤣 Actual mein jo bola jata hai woh realityein alag hite hai

[@nileshagrawal2625]

Cannot depend on mutual fund alone sometimes they have delivered zero returns in past 3 years ..please take this also in to consideration...

[@sumansaurav3121]

Matual fund me long term me investment Karo toh loss nahi hota ... if u don't like mutual fund then u can open ppf nps nsc kvl etc better than lic

[@HarpreetSingh-xr6em]

@@nileshagrawal2625 You can calculate the difference using PPF as an alternative investement

[@arpitkumar4525]

Bro khali FD se zyaada interest milega in investment plans se. And agar 2 Lakh ka hi cover chahiye toh govt ki kuch schemes hain jisme Rs 36 per month se 2 Lakh ka cover mil jayega

[@anshulshah1591]

8:28 Formula ---- =IRR(starting cell:last cell) thank you for this formula

[@somya0009]

Bhai aise toh MF ka bhi IRR kam hi hoga na ?

[@atulnamdeo1578]

Eye opener video... Thank you so much :) I calculated IRR and was shocked, that I am only getting a 4% & 1% rate of return for LIC Combination mix and Umang policy for paying premiums up to 22 years and 25 years ...

[@satyas1914]

Being in Banking and Finance industry for a large chunk of my life. I completely agree with you word by word. Insurance are the products which is solely designed to generate the profit of the Organization by fooling the people.

[@anritachatterjee7813]

No... A pure insurance product is Term Insurance, which everyone should have.

[@anritachatterjee7813]

Other than that everything else is fooling around..

[@stevansebastian2503]

One of my friend made a insurance of 1 crores rupees and in sep 2021 he left the world . He paid only one year premium (in exide life) and now his wife got 1 crores of rupees for just one premium... so do you think this is not fair ???? If you want I can send you the details of the insurance and the statement.... ...... see don't mis guide people if your thoughts against something.... like this I can give you many examples...

[@anritachatterjee7813]

Yes u r right...this is a pure term insurance which your frnd has taken.. so it is very good.

[@kandharp1]

You are totally wrong... can you give assurance in EQUITES FOR 70year old person who don't want to financial rely on family member...

[@ShrawanKumar-jw7vm]

बहुत ही सानदार और निर्भीक ज्ञान भाई , आपके इस तरह इन्सुरेंस को समझाना बहुत अच्छा लगा । आप से बहुत कुछ सीखने को मिल रहा है ।

[@piyushmishra9364]

Kuch sikhne ko nshi milraha he

[@piyushmishra9364]

Insurance jaruri he bhai mutual fund nahi

[@piyushmishra9364]

Mutual fund tumara sara paisa kha jaega insurance return dega kum dega gerenty dega jada fredy banoge to gand maroge

[@dineshkumarsah5260]

Ok

[@licpolicyhelpline4642]

भाई हर चीज की जरूरत अपने अपने जगह सही है इंसुरेंस कभी जरूरत है मैचुअल फंड का भी जरूरत है एफडी का 🙏

[@shivamfinace]

My mindset is in sync with you. My father invested in Endowment plan with investment of 6 lacs (when I was a child) and he feels very happy with it. Being a Chartered Accountant final student, when I read the policy documents I was shocked to see growth of 4%. All these policies are waste of money only benefiting the Agent.

[@ankitjain1612]

Very true

[@prefuvvk]

Yes we are looking after agents families

[@rajendradarji5635]

You are righte our harde earn money 💰 goes to agent and branch devloper . Agent got every month passive income from our hard income.and they got promotion for this kind of lut Shame on agent and LIC

[@RDYADAV-bs7ww]

Brother SBI me sip jama karenge to fayada hai kya

[@shivamfinace]

@@RDYADAV-bs7ww yes very beneficial. Infect I have a SIP and mutual fund with SBI, during March 2020 stock market crash my investments were badly affected but now I'm seeing more than 100% returns. In short term you might see your money becoming less due to stock market crash, but on long term you'll enjoy the beauty of compounding interest. Invest in any top 20 listed companies.

[@sanatanShishya1521]

Thanks for your great knowledge and help brother. Keep growing!

[@subhamoyghosh720]

Very nice video. You have hit the bull's eye. I agree with every single point and can correlate. Just to add on top of this, in case of discontinuing the plans after long tenure, we can compare between surrender value and paid up value options of the scheme and decide accordingly. Kudos again for the great job you are doing.

[@arrthjagat3938]

Bank ke ghotaalon se bachne ke liye Bitcoin ka aavishkar kiya gaya hain, jaanein aur kya fayde hain Bitcoin ke is video mein: kzbin.info/www/bejne/jJyldImvp7tsnMk

[@Shriraj246]

@@arrthjagat3938 kya bol rha h bhaisahab aajkal bitcoin

[@bhagyeshmantri]

I must say this - Take a bow man. 🙏 Thank you from bottom of my heart. You have saved tremendous amount of money of all our Indians. Thanks a lot 🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@nabash................]

I'm really inspired and from now onwards I'm calling you as Bhaiya...I'm going to show this to my father and what we thought all these years we are secured and making better invt in these policies but we were in bubble...you really opened our eyes... Thank you so much Bhaiya 🙏🙏🙏

[@krisleon620]

This is The most important life lession and We many times indebited to Money Minded Mandeep and The team of Labor law advisor. with your Simple IRR formula i can smash the insurance proposals from my banks relation ship managers. I had committed an LIC 149 with 15L Sum asssured and 90264 /annum and its IRR tuns to be meagre 5%. when matures in 2028. I started it in 2010.

[@anupzimba]

When I'm in doubt about financial planning/topics/anything related to investment....I search the playlist in LLA :) Love your passion and commitment

[@WorldgeopoliticsbyPrashant]

I liked your point. But my point is That 5% with 18 to 20 years Guaranteed is not bad. Atleast its fixed. FD rates are going down Every day.

[@jagdishchoudhry]

Right sir ji

[@BilalAhmed-mg3fm]

Bhai 20 saal ke baad 5% return loge to kya value hogi uss maturity amount ki? Arey bhaiyya inflation hi 7% hai 🤣🤣

[@amitbadaik9493]

Is polcy bazaar trusted one??? .. where it is showing TATA AIA guranteed investement plan .. Its monthly premimum is 10k and maturity is 21yrs .. Maturity amount is 80lakhs approx ... Kindly suggest on it

[@akkr7892]

@@amitbadaik9493 ya pls tell us about TATA AIA..i 'm also thinking about this one

[@Yalla_Habibi_Cat1]

It cannot beat inflation so it is bad . If inflation is on an avg is 6 or above then it will depriciate the principal amount and it would compound to big loss over 20 years.

[@kannadaHuduga12]

at 4:50, 10x the income is not equal to 10 years life. we need to take inflation into account. 10x will give a run for 5-6 years max

[@mukut5ul]

I had ULIP where my money did not grow after 6yrs. When i checked details then there was 70% commission for first 3yrs. My entire investment was going into deduction. Commission+ insurance+taxes

[@nishantawale6198]

Great Job LLA - Simple thing to understand is, Insurance is for your unforseen incidents (To put your family back in to same financial position in case of untimely death of earning person of the family), Investment is to create Wealth Never mix the two - No Endowment, Moneyback of Ulip can beat the inflation So ideally speaking by getting into these you are actually reducing your wealth in due course of time

[@rexuniversal5254]

You opened the eyes of many many people to the fraud being perpetuated in the name of life insurance.👍 I have never been a fan of these so called policies. I have always preferred other saving schemes.

[@baela.k]

Thanks a lot for making this video!! 🙏🙏 I consider myself so lucky to have come across this video before I was about to invest in such a money back plan. The tax-free condition on these plans will end on 31st March 2023. So I am being advised by the agents in my banks (HDFC and Axis) to invest in these plans before the end of this month. I was going to do that. But now I won't! Thank you very much!

[@k0u0s0h0a0g0r0a0]

In fact, I do not recommend even health insurance, unless you live in tier 1/2 cities.The bills are usually not high, and the hospitals do not know how to process it properly.

[@shrihara]

There is one alternative, since it is easy to become agent, you become one and buy a policy for your dependent. That way you get agent commission and increase IRR

[@ashishl4005]

Hats off to the LLA team and Mandeep for such educating and valuable content. But unfortunately, such excellent content is overshadowed by some random, useless and timepass content on the internet in terms of effort-to-return ratio. Still good to see what you guys have achieved today. Keep going :)

[@chandan0391]

Sir ji aap Bina sach jaane kisi ki tafir mat karna, ye toh abhi bachha hai, iskao kuch knowledge nahi, ki insurance hota kya hai

[@kapilgupta1287]

​@@chandan0391ye youtuber ki sunoge toh zameen jaaydad sab bechkar bhaagna padega

[@sachinshah5289]

Nice Video. But you need to incorporate GST component also while calculating IRR , which no one seems to be doing. Your IRR of 6% or so will come down drastically. Almost half . Let me know if I'm right

[@Ishaajaytravelvlogs]

Mine came to 2%

[@virtuosowins]

very correct

[@jaywantdhumal]

Loved your video.. entire video is to the point and covered every aspect of such policies.. Thanks a ton. I too have made this mistake and realised that I should surrender the policy but was reluctant because of loss. I just needed someone to validate my assessment and your video helped me do that. Just because I would book loss, I do not want to miss on good returns in next 10-15 years. Thanks a ton again!!

[@prashantkhare3407]

Rule of diversification should be there for your hard earned money . All money should not be invested in mutual funds . Some money should be invested in guaranteed plans also.

[@roshanpinjani9599]

Our return does not meet inflation rate in guarantee plans

[@prashantkhare3407]

7.45 % tax free returns I think it quite well.

[@ShailendraSingh-pk1gf]

​@roshanpinjani9599 some of them are tax free

[@dhavalsata8877]

Thank you for discussing IRR and all... But still Indian people need more financial awareness... Still instead of own research and knowledge, people blindly trust on people who suggest them investment options

[@swapnilbharude6023]

I am watching this video because someone tried to explain me "HDFC sanchay par plan" and I was really shocked to listen to get around 30k on investing 1lakh every year, I was planning to invest in this. But now I saw this video and how clearly Mandeep explained about everything and especially IRR. Thank god LLA exists. Thank you Mandeep.

[@subash003]

if you have a life Insurance Policy then it has to be from LIC of India Only or else you shouldn't buy it at all. In any case, the lic of India can't pay the sum assured amount. The Indian govt will pay the policy amount they mentioned. This is called a sovereign guarantee. No other private insurance companies have this guarantee.

[@narendralaguri1823]

My application was in process, mailed for cancellation thanks to this video😊

[@pkg4609]

Same here

[@innerquestchannel]

Very well explained advice. I have been telling this to my relatives to avoid such traps. Sharing this video will probably open their eyes.

[@monishkamble9066]

Thanks a lot brother.. 🙏 I randomly came across this video while searching for pros and cons of retirement plans.. Thank you for your efforts to make people financially literate.. We need more KZbinr's like you..

[@rockfella27]

You are right boss. Banks like everyone else are too desperate now. Relationship managers are desperate for commissions and go to any length for incentives 👍

[@pathouth6883]

Thanks a Billion! Sir aapne humare aankhen puri tarha kholdi. You've explained in such a way that even a person like me who have least knowledge in Finance have made me think to abandon my Endowment Policy in LIC. Thank you once again. 🙏

[@HussainKharodawala3]

How can one check the surrender value of policy online in case of LIC? What are the tax implications for premium already paid?

[@nakulsahore7934]

I am also an agent, I m also agree with you, Because last year I have also joined as a insurance agent, did not sell any policy in starting to any relative, But purchase for my own to see the actual reality behind this, But just after 2 month I relize that our managers are and whole team are froud, they did not tell us the real face of these policies, I literally thanks to God, that I did not sell to anybody

[@prakashdebnath7961]

Bro remember he is broker

[@markashkangari8588]

So, did u convince ur family for stocks and m.f...? I know u can't because selling m.f has much more risk than selling these plans., because u hv nothing to assure...during corona time in march 2020 those people who has redeemed their money from m.f suffered huge loss....and one of my friend who was broker had to leave his job...because he had assured 15% return on m.f.

[@varundubey007]

भाई हम भी इंश्योरेंस एजेंट हैं @ LIC ....अगर इंश्योरेंस नही फिर क्या....स्टॉक मार्केट ? कोई गरीब या मिडिल क्लास बंदा इतना रिस्क ले सकता है कि मार्केट में इन्वेस्ट करे ? आपने सिर्फ प्राइवेट की बात बता दी लेकिन सरकारी LIC से तुलना क्यों नही की ? ये सच है की सभी अच्छी कमिशन वाली पॉलिसी बेचना चाहते हैं ...इंश्योरेंस में आपके पॉलिसी के दौरान मरने पर बचे परमियम नही देना होता है और पैसा मैच्योर होने पर पूरा मिलता है साथ ही सम एश्योर्ड अमाउंट का १०% हर साल जब तक को पॉलिसी मैच्योर न हो जाए आप मेरी जानकारी को सही बताए की सही है या गलत

[@ushayadav9021]

@@varundubey007 absolutely right

[@gayatrithaker6938]

Lic pichle 60 years se chalrahi he ye batata he vo sub such hota to ajtak lic band ho gae hoti ye mutual fund bechta he isliye use insurance ki ahemiyat malam nahi he

[@rohanmane1485]

Never mix insurance and investment those are the rules 👍

[@MrKhabbu]

Correct

[@nameshsingh3906]

Right

[@vandanasharma8700]

Right ....do some investment, some liquid saving and some life Cover too☺️

[@TheInnovativeTales]

@@vandanasharma8700 correct

[@partha634]

Correct!

[@anshulgupta9754]

The reality of these moneyback guaranteed plans couldn't have been explained any better. Thanks for the video! I am constantly being approached by my RM to invest in these plans. Now, I'll just share this video with her. 😌😂

[@nitinsharma5110]

LIC Jeevan labh table 836 gives you 16 percent return. If you invest 110000 every year for next 16 years you will get 66 lac in 25th year. Now use this IRR formula and validate.

[@anshulgupta9754]

@@nitinsharma5110 Did you even try to calculate XIRR for the LIC scheme that you mentioned? Well, I did and the XIRR is *7.51* percent not 16 percent. Any other well planned equity or debt investment for a period of about 25 years will give you way better returns.

[@malatipanga6316]

Kudos to you for making such a wonderful and eye opening video! You have saved so many people from falling prey to ‘endowment plans’.

[@harsimransingh2946]

I sent this video to my insurance agent who was repeatedly approaching me. Now he has blocked me.😂😂

[@LabourLawAdvisor]

Hahaha

[@Arun14741]

Bhai bhai

[@dkmehta5898]

O bhai🤣

[@adityaprusty1929]

😂😂😂😂

[@kaushikdas1833]

Bhai ka L lag gaye😭😭😭😂😂😂😂

[@saurabhmahaur7581]

Kash log youtube pe useless comedy se behtar wisdom badhane wale content ko support karen, bhai mandeep you are doing a commendable job ❤️🙌

[@shubhamgawai920]

Be a #JagrukJanta💪 and share this wisdom with many ❤️

[@erfanzaki4562]

*working as a financial planner this is hundred percent true, and actually as agents we have nothing to do here, companies designs this planning and our job is to sell like makhan*

[@comedyamar881]

You have joined wrong company

[@vaibhavpatel2880]

True sir:)

[@hemant3332]

Thanks for agreeing to the truth. 🙂

[@zarinephilip2890]

Great advice! What is your opinion on investing in Govt instruments like NSC and KVP? You didn't say a word on that!

[@sajidsultan2811]

This is what I call a genuine content... It's pure gold

[@renukadabhade7107]

Very informative and exposed reality...We never think so much before investing...👌🏻👌🏻👌🏻🙏🏻🙏🏻,Thank u for opening my eyes

[@RakeshKumar-uf4ez]

Hi

[@YogendraSingh-sc7by]

You people are good but missing a major point. Most of the investors analysis is based on a faulty presumption that if mutual funds have given steady 15% return in past 10-15 years it would remain so for next 25-30 years. That's not the case. Assuming future returns on the basis of past returns is not always a good idea.

[@shubhamsahu5075]

What an irony 😅Today I closed my father's reliance nippon endowment plan and we suffered a loss of 25k on a investment of 96k after paying in a 8 year period policy period was 20 years and it was till 2032. My father was not ready but I told him we will cover the loss in 1-1.5 yrs in mutual fund then we surrendered the plan.

[@kartikmoralwar5493]

How you coverd it

[@shubhamsahu5075]

I have sip in kotal small cap fund which is currently showing xirr of 66% let's see how much time it will take to cover the losses

[@kartikmoralwar5493]

@@shubhamsahu5075 ok bro you helped your dad

[@MrRishabSharma]

The next biggest irony is, My father trusts his banker friend more than me. He had opened two plans for both of us during his service and now I am paying the premium without even understanding what am I paying for.

[@kaizencast]

Cannot thank you enough. Though I already knew some of this that companies like LIC aren't good for investment but my parents never agreed, now I am going to share this vid to my maa.

[@nishik810]

I shared to family group.

[@technicalassistanthelp8744]

I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time. Here Are The Benefits::>>>>>> 1> Life Insurance Start With 50 Lac 2> From Age 18 Till 60. 3> Choose Policy Term 30 Or 40 4> Flexibility To Pay 5/10/12/Regular 5> Accident Cover From 50lac Till + 6> Permanent Disability 50lac Till 2cr 7> Hospital Benifit 10lac Till 40lac 8> Criti Care 20lac Till 1cr 9> Major 40 CritiCare Disease Cover 10> 11 Best Fund Options To Select 11> Smart Investment Option 12> Best Funds To Get Best Returns 13> 2 Pakage Option 14> Tax Benefit 15> Most Trusted Brand And I Am Param Rakshakarta Here

[@slash6075]

tum ek bar me 10 lakh deposit kro...25 sal me bank jyada return dega... lekin 15 lakh ka sum assured lo aur tum bus 1 month ka premium 5000rs pay kroge..aur agar death ho gya next day tumhra..to tumhre family ko 15 lakh mil jayega..keval 5000rs k badle me 15 lakh...aur agar pura survive kr gye policy term ko tb bhi tumko 30-35lakh milega... to batao..kaun jyada acha h...LIC YA BANK....chutiya ye video banane wala h.. misguide kr ra h..itte pog chutiye ni h jo insurance me invest kr rhe..tum log chutiya ho

[@kaizencast]

@@slash6075 tum chutiye ho Bank se compare nhi kiya hai stock market ke 15% return se compare kiya hai Aur kisne kaha insurance mat lo, term insurance lo na Suppose 15 lakh hai tumhare pass toh 1lakh ka term insurance lo 14 lakh invest kro. 1lakh ka term insurance crores dega agar tumhara death hua.(god forbid)

[@lightyagami7678]

Bhai yeh Mandeep chuna laga ra h.. iski baato mey mat aao.. LIC ki bas thumbnail laga di isne.. LIC k ek bhi plan ka isne excel sheet nahi dikhaya.. iske clickbait ko samjho.. aur apni LIC ki policy lo

[@satyavirgupta5802]

Very well explained bro. It's a harsh reality that majority if us got trap in these kind of plans

[@aparnasinha8361]

You saved my money literally many thanks🎉. It’s interesting even after 3yrs there is no change in IRR. But polishing to portray plan has😂

[@Mukundpawar44]

Great video! Mandeep You are doing a great favour on all unaware Indian investors, who are blindly investing in these hybrid insurance products thinking that they are getting good insurance as well as creating huge wealth. These products are a complete sham and an insult to Equity investing and wealth creation and compounding.

[@anshul27]

Hello Mandeep, I have taken the same HDFC Sachay Plus policy and it's in a free lookup period and can cancel that with the company. But I selected the policy based on the following logic: 1. I can see that the rate of FD is decreasing as banks are moving to EBLR type lending so technically I am locking a Tax-free return of 5.85% as I am in 30% slab rates. 2. I invest judicially in PPF (Fixed), mutual funds & Gold bonds (market-linked investment options ) so as to park some funds in an instrument with a guaranteed return instrument with a defined payout both for amount and timing. 3. Its fixed commitment plan where I have to pay, rather than investing the excess money I am left with investing (I mean I would be forced to invest going forward) STILL ITS BAD INVESTMENT? I am a loyal viewer here for health advice and discussion (I can assure you I am not an agent ) In fact of this is still not a logical investment I will cancel this is to invest somewhere else. Love your content and passion for helping others to become financially literate and independent Cheers. Thank you!

[@bhausahebghangale3384]

थ

[@shrawaniroy8725]

Did you cancelled your sanchay plus investment?

[@GulabSameer]

I want this video on the trending list, So that more ppl can get educated. Great job LLA team.👏👏

[@LabourLawAdvisor]

KZbin will never do that :(

[@technicalassistanthelp8744]

I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time. Here Are The Benefits::>>>>>> 1> Life Insurance Start With 50 Lac 2> From Age 18 Till 60. 3> Choose Policy Term 30 Or 40 4> Flexibility To Pay 5/10/12/Regular 5> Accident Cover From 50lac Till + 6> Permanent Disability 50lac Till 2cr 7> Hospital Benifit 10lac Till 40lac 8> Criti Care 20lac Till 1cr 9> Major 40 CritiCare Disease Cover 10> 11 Best Fund Options To Select 11> Smart Investment Option 12> Best Funds To Get Best Returns 13> 2 Pakage Option 14> Tax Benefit 15> Most Trusted Brand And I Am Param Rakshakarta Here

[@mvrnagarjuna4127]

@@technicalassistanthelp8744 As per your previous term insurance video i had taken in TATA AIA plan. Also, Please share the liquid fund companies for investment

[@pranamks5104]

Bro I picked these stocks from one of your videos, they got 160% returns! after applying the filters that you have told

[@VIJAY-pd9by]

I calculated for HDFC sanchay it is coming 7% and I think its not bad compared with PPF. You can not invest all the money in MF/Equity.

[@ShailendraSingh-pk1gf]

Exactly man, and insurance to milta hi h

[@sempaigsp]

Really eye opener, I did lot of finance mistakes, sometimes feel guilt . But now decided to learn 😀

[@bhagyashreejagtap4337]

Hi Mandeep, Very well explained...as per my experience since I belong to rural Maharashtra...LIC is very trustworthy name here... LIC agents are usually from village/ community/ relative (or atleast Janpenchanwala) who sell thier policies without giving eloborate information...if time permits kindly make video purely on LIC's ulip, endowment and term plans ...

[@NP10338]

Yeah in rural Maharashtra they do lots of scam ppl blindly put hard earned money I too know

[@agnibhamukherjee5823]

Actually there are good plans in LIC

[@subash003]

@@NP10338 if you have a life Insurance Policy then it has to be from LIC of India Only or else you shouldn't buy it at all. In any case, the lic of India can't pay the sum assured amount. The Indian govt will pay the policy amount they mentioned. This is called a sovereign guarantee. No other private insurance companies have this guarantee.

[@princechauhan5518]

LIC is trustworthy organisation but always find a suitable plan according to ur need. Not of the agent looking for commission.

[@Peek-aa-booo]

I was stupid to but a lic policy called jeevan umang. Now after loss of 95k, I am closing it. Sad. I wish I had seen this video before buying that policy.

[@jeeveshidnani3995]

Brilliant!! Ek plan ye bi kr sakte hai Term Insurance Lele and HDFC life k Shares bi. Uske bad Sanchay Plus hoga Humare liye😎😎

[@technicalassistanthelp8744]

I am happy to share with you a new UNIQUE product which we have introduce in Insurance Industry First Time. Here Are The Benefits::>>>>>> 1> Life Insurance Start With 50 Lac 2> From Age 18 Till 60. 3> Choose Policy Term 30 Or 40 4> Flexibility To Pay 5/10/12/Regular 5> Accident Cover From 50lac Till + 6> Permanent Disability 50lac Till 2cr 7> Hospital Benifit 10lac Till 40lac 8> Criti Care 20lac Till 1cr 9> Major 40 CritiCare Disease Cover 10> 11 Best Fund Options To Select 11> Smart Investment Option 12> Best Funds To Get Best Returns 13> 2 Pakage Option 14> Tax Benefit 15> Most Trusted Brand And I Am Param Rakshakarta Here

[@meghashah2929]

Mandeep you are doing great. 🎊 You are telling what to not.❌ Please guide more on what to do with our money.👍🔊

[@arpitsrivastava3668]

Thank you so much for this informative video. I bought an lic endowment plan this year under parents pressure and one relative who is an agent.. surely will discontinue the policy now as it's better to bear a loss of 24k instead of running it for the next 25 years and an initial cover of only 5lacs. Keep educating us like this. We owe you guys big time..

[@lightyagami7678]

Bhai yeh Mandeep chuna laga ra h.. iski baato mey mat aao.. LIC ki bas thumbnail laga di isne.. LIC k ek bhi plan ka isne excel sheet nahi dikhaya.. iske clickbait ko samjho.. aur apni LIC ki policy continue rakho..🤣

[@dr.sayandeepdas3406]

@@lightyagami7678 I did excel sheet of LIC Jeevan Saral plan which my parents did on my name 10 years back. IRR came at 1.3%

[@binniethefunny]

Thank you for such knowledgeable and informative video. Your honesty and noble intent to help viewers is evident. Without digressing with unnecessary dramatic elements and even without selling something, you have put your points in very clear and effective manner. I have recently witnessed an insurance fraud, I wish if I could share it with you so that you can spend awareness around this and help people to avoid such incidents. And if you could help me by means that would be really great too. I would also request you to please suggest a good Term Insurance plan for someone in early 40's. Thank you.

[@mr.himalayan6258]

Thanks KZbin ( For a platform which help both viewers and producers ) and 3x thanks to LLB. I would given 3x thanks to KZbin if it was made Indian

[@vedad1102]

Please make a video on How various products of LIC are same as ones u mentioned above

[@amoghnavalkar]

Thanks for sharing, every single seconds of this video is nothing but the truth, literally I felt like losing 7 yrs but you know what its never too late for taking right decision :)

[@vivekmirani8275]

Sir mene ek ulip plan liya hai, 15 din huve hai usko. Me Aaj hi usaka auto debit bandh karva ta hu. Aapne mere pese bacha liye. 😊

[@michaeldsouza6778]

You are a true messiah for people who get cheated in the name of Insurance and wealth . Good job Mandeep .

[@kapilgupta3714]

If u listen to this chutya u will Never be able to make big...so many people have policies, they cannot be wrong

[@ramkshetty]

The fun part is the presentation in which you guys serve the information....

[@pran10000]

Superb Mandeep. In the coming years hopefully young people don’t buy such nonsense policies. But deep down we know that people just like guaranteed anything... so I’ve invested in both HDFC Life and SBI Life shares. Keep it up👍👍

[@satyakumarlocharla9982]

Can you please describe about LIC jeevan Shanti plan whether benefit or not

[@asynthro5490]

Same haha

[@travellereuphoria9954]

One of the best financial channel. Keep it up guyz.

[@vinayranganath73]

Brother, its a great and simplified content with live examples of policies. Also, you have shared your father's mistake as an example to educate people. Nobody does this. This channel is super genuine. Hatsoff. Thank you very much

[@siddharthison1982198]

First KZbin channel which I can subscribe without any hesitation.

[@jyotsnamadhavi6203]

My grandmother took an insurance few years back and stopped it then, when I asked today she gave the exact same reasons as you. Wish I would have known these earlier

[@dikshasahni7320]

Thanks for making this awareness video, great knowledge and much needed as people are getting fooled with such plans due to lack of knowledge.

[@suhashify]

Thank you sir for showing the reality. Now can anyone suggest me , who have already invested in these plans for more than 4 years, what is the best option for them???

[@casualuser2317]

This is exactly that happened with me yesterday. My girlfriend's hot cousin came up to me with Max insurance policy that is explained in this video (1L per year for 12years) to which I had to say no with a very heavy heart. Being financially literate and a LLA sub is so much beneficial

[@maheshproductmanager]

saying no to girlfriend's hot cousin might have been very difficult.

[@KrishanuBaruah]

😂😂

[@pkpradeep9747]

🤣

[@ajinkyaadhikari]

Eye opener content. Loved it. You have just got one more follower brother.

[@ankitatripathi3984]

If you are going for the guaranteed returns..tax free investment options are very limited.I think these plans are doing well in the market.

[@vinner937]

Great video as usual! Keep it up Bro. Can you please make a video on LIC's Policy Surrender vs Paid-Up Policy. Thank you in advance!!!

[@sunilc8684]

You opened my eyes especially IRR calculator. I got a Jeevan Anaand policy for 21 years and IRR is only 7 percent. Yearly premium is 58700. Can you create a video for PPF !

[@LabourLawAdvisor]

PPF video already published

[@geetesh5230]

IRR of 7% is decent enough .. Jeevan Anand policy will give you life long cover even after taking maturity.

[@kuttacom]

Jeevan Anand will give you Risk cover for Whole life . Also you can avail loan for the same . Dont follow anyone blindly . Do Your research properly , Most of the time these youtubers are paid by Big brokers and they Hardly know reality at Ground Level .

[@LabourLawAdvisor]

@@kuttacom hahahahahaahhahahahahahahahahahahahahahahahahahaha

[@kuttacom]

@@LabourLawAdvisor Can sense your Pain in your laughter mate😂😂 .

[@KuldeepNegichannel]

You are the Best!! 👍👍 I thoroughly enjoyed this Vlog....👍👍 This is a must watch..🙏

[@pbagaria4748]

Sir I'm a researcher in science field, 35y.o. I know I'm late into the learning of finances. But before i discovered your channel i was clueless about where to start. Thank you so much for helping people like me coming from non commerce or economics background.

[@dimlighty]

What research do you do? just curious.

[@AshishKumar-ep5xd]

Bro you still have around 25 years to plan your retirement

[@techyashis]

My father did endowment plan from LIC.. surprisingly we got a return of 7 to 8%. Frankly not bad with govt sovereign guarantees.

[@sauravkumar-tc3wh]

This knowledge is not available even by paying money .... Thank you👍

[@ChintanShahOnline]

Excellent video. Everybody should invest as early as possible. You are doing a great job. Keep it up.

[@geetesh5230]

Well I don't think that in any situation... We can assume 12% return in mutual funds for such a long term.

[@sharadchauhan9567]

He won't give a like on your comment. Bcz it's true.

[@ShailendraSingh-pk1gf]

And most of the Lic policies gives you tax free benefits, which mfs don't

[@AM-xu6sd]

You are absolutely right. Are you CFA?