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

[@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

[@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

[@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]

😂😂😂

[@Discoverer-of-Teleportation]

😂😂 ​@@RaviPandey-eq6mv

[@Karan.101]

Ha Bhai ase call karte jase ki mene loan nhi chukaya ho 😂

[@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.

[@tech_wizard9315]

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

[@tradingfinance8944]

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

[@AssetYogi]

Keep learning

[@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

[@ABCDC11]

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

[@AssetYogi]

Thanks

[@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

[@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.

[@bintu23ryubbj]

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

[@AssetYogi]

Thanks

[@binodkumar7964]

बहुत ही आसान और शानदार तरीके से समझाया आपने । 👌👌👌👌

[@AssetYogi]

Thanks Binod

[@temp1985]

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

[@AssetYogi]

Glad to help

[@God_Bhai554]

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

[@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.

[@vikasjha4396]

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

[@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

[@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🙏🙏🙏

[@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.

[@ShahidAzizSiddiqui]

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

[@Brijesh8080]

I like your personal finance videos. God Bless you !

[@AssetYogi]

Thanks Brijesh

[@a_maxed_out_handle_of_30_chars]

simple and to the point, thank you bhrata :)

[@Yatri234]

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

[@AssetYogi]

Thanks

[@satysharma8020]

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

[@Faizan.trader3200]

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.

[@yogeshdarvankar7664]

koi best plan suggest kro sir

[@ramnidhipandey4736]

Bahut badhiya jankari diya aap ne dhanywad

[@AssetYogi]

Thanks

[@ravid1878]

Sir, Zero Cost Term Insurance is newly introduced by some insurance companies. Pl make a vdo on this. Whether it's worth or is it just endowment plan with a new name

[@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

[@jaybutere7656]

Whoo superb !! you saved me seriously I'm about to buy an endowment policy today.agent forced me to do this.

[@AssetYogi]

Thanks

[@Hi0715]

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

[@goutamghosh5173]

बहुत अच्छी एवम उपयोगी जानकारी दिया । जो की काफी कैलुलेटेड था और लॉजिकल भी । पर आप के एक बात से बिल्कुल सहमत नही हूं की ऑनलाइन पॉलिसी लेने पर , ऑनलाइन एजेंट आप को सहयोग करते है । इस बारे में पॉलिसी बाजार के साथ मेरा बक्तिगत अनुभव बहुत बुरा रहा । किसी भी काम में उनका रवैया पूरी तरह असहयोग भरा रहा । मेरा आप से अनुरोध है , की आप जैसा प्रतिष्ठित सलाहकार उनको रिकमेंड करने से पहले विचार जरूर करे ।

[@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 🌟

[@nitinapte8000]

Unbiased, nice explanation in easy to understand language. Thanks a lot...

[@investorofasset6091]

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

[@jonnyjonny3304]

Mukul sir bahut sundar jankari hai

[@AssetYogi]

Thanks

[@anirbandatta3758]

can anyone tell me is ZERO COST TERM plan good?

[@hirensolanki1852]

Thank you so much for the detailed explanation. You really are a helping hand in making all the financial decisions. Keep posting 👍🏻

[@jitendrasuthar186]

Sir , best mediclaim pe bhi video banaye

[@easemytaskapplication6270]

Maine 85 saal ka cover liya just for 1 crore. 20 saal tak har saal 30,000₹ pay krne hai. That meams total 6 lakh pay karunga aur marne ke bad 1 crore milenge. Reason simple hai ki mai utna to jeene nahi wala. That meams me kabhi bhi marunga to meri family ko 1 crore mil jayenge aur unki zindagi sukh ke sath niklegi. Muje to ye mere bachcho ke liye best investment laga. 6 lakh k investment me 1 crore return 😊

[@ram33536]

Aap 85 sal ke bad bhi Jindal ho to kya fasi lagonge , gaya 6 lak , company ne no to 6 lak invest karke 1 cr banaya rehta he

[@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

[@tonysky12]

sare sawalo ke jawab mil gaye thank you sir...

[@AssetYogi]

Most welcome Tony

[@ajayagicha2407]

Very knowledgeable sir. Thankyou very much.

[@AssetYogi]

Thanks

[@swarajgaikwad7735]

Hi sir aapne proper information de di hai uske liye thank you 🙏🏻 Future main muze term insurance Lena ho to konse company best hai Jo mera insurance after death settle karke degi ??best company bataiye

[@AssetYogi]

Contact an insurance advisor

[@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

[@target1core234]

Hdfc max tata ai

[@shreelalmandal1794]

What about bazaz term insurance

[@pawandwivedi2251]

Kon. Si company sahi h term insurance k lie.....

[@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

[@hardikvaghasiya2472]

Hello sir me aapke har aek video dekhta hu but... Aap aek aeshi series banayyee .. Sector wise stock ko kaise analysis kra jayye?? Jaise ki... Banking sector Steel sector Pharm sector IT sector Etc

[@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.

[@gauravvvvv]

बोहोत बोहोत शुक्रिया आपका 🙏🙏🙏🙏🙏🙏🙏

[@AssetYogi]

Thanks Gaurav

[@parth8730]

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

[@AssetYogi]

Thanks Parth

[@amolhasbe6000]

Please suggest good term plan.. 🙏

[@prafulltiwari6374]

Totally complete information about life insurance..Thank u sir

[@AssetYogi]

Glad to hear Prafull

[@tejaspatel5022]

Boss you are gem of country 👌

[@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.

[@karamjitsingh4223]

I was so doubtful about term. Thnks a lot for solving all.🙏🏻🙏🏻

[@AssetYogi]

Most welcome

[@RahulSaini-ti6vz]

Very informative..thanks a lot.

[@AssetYogi]

Most welcome Rahul

[@REUBENBLASTER1350]

Itna badiya information dene ke liye thank you so much Sir

[@amolmali3583]

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

[@AssetYogi]

keep watching Amol

[@shubhamsachan6419]

Sir zero cost term insurance kaisa hai HDFC life ka?

[@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

[@rickyrac77]

Is accidental rider beneficial? Because if u buying a term plan, u r buying life insurance which will cover ur life , doesn’t matter how u pass away? Correct me if I’m wrong pls

[@DhananjayKumar-wm4ji]

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

[@AssetYogi]

Noted

[@parvinder6606]

Thanks Sir aap bahut hee saral tarike se samjhate hai har pahlu ko

[@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

[@vk19]

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

[@shyam1290]

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

[@AssetYogi]

Thanks

[@bhanusontyal6516]

❤❤❤wow best and deep information ... We can buy term insurance and remain invest in mutual funds.. thank you for information

[@Vishalrkoli9615]

Very informative video sir… Thanks

[@AssetYogi]

Thanks Vishal

[@SaiTechLearntodayforTomorrow]

Sir, aapki sari video itni acchi aur important Hoti hai ki video Shuru hone se pahle hi Mai like , comment aur share kar deta hu ❤️😍👏

[@AssetYogi]

Good to know. Keep learning

[@dhirajprasad7198]

Very good sir bahut acha se aap samjhaye sir

[@AssetYogi]

Thanks Dhiraj

[@tirupatiagency893]

An eye opener

[@naharlaguntiger916]

Sir I'm seasonal smoker and decided to quit smoking in that case should I opted for non smoker??

[@AstrologerVaibhavBhardwaj]

Thank you Mukul for sharing this valuable information.

[@AssetYogi]

Thanks

[@devenderprasad7264]

Annual income = In-hand income or cTc..??

[@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..

[@mihirgodhani7963]

Thank you soooooo much brother 😊 I think ye video dekhne ke baad kisi ko koy or videos dekhne ki jarurat hi nahi he ✌️

[@AssetYogi]

Thanks Mihir

[@mihirgodhani7963]

@@AssetYogi par bhai 1 question tha ki jin log ki income 3 lacks se kam he yaa to unki education 10th pass hi yaa to educated nahi he to vo log eligible he hi nahi term insurance buy krne ke liye to fir kya options bachte he ????

[@sirajshaikh3674]

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

[@AssetYogi]

I will Siraj

[@nivritigupta8294]

Hello Sir, is MoneyEdge good to Invest, please make some video on that

[@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.

[@srikantpanda8243]

One of the best video on Insurance Policy, Salute to You Sir🙏

[@AssetYogi]

Thanks Srikant

[@ivinitmittal]

Very well summarised!!💯

[@AssetYogi]

Thanks

[@akhilpeddina6348]

Marvellous job by Asset yogi. Highly appreciated

[@AssetYogi]

Thanks Akhil

[@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

[@akshaythorat7421]

Ab tak ka most detailed video term insurance ka. Accidental death benefit ka rider add karna chahiye kya? Kyunki after death vaise bhi claim hota hai na?

[@13181815]

Very much honest and detailed analysis.Thanks.

[@AssetYogi]

Glad it was helpful!

[@sushilasingh7787]

Thank you sir

[@ashishwadhawan3523]

Thankyou Assetyogi for guiding people for insurances 🙏

[@AssetYogi]

Thanks Ashish

[@priyankaguptasadanshiv7929]

Hello sir, aapke is detailed video k liye bahot bahot dhanyawad 🙏 Mera ek sawal hai Policy bazar ya koi bhi online tarike se hum insurance lete hai, aur baadme kisi bhi wajah se ye application ya online portal band ho jate hai to hum aage ki jo process hai premium bharne ki , ya claim settlement ki wo hota hai kya ? Agar ha to kaise ? Maaf karna baccho wala sawal hai lekin dimag me aaya to aapse puch liya 🙏

[@AssetYogi]

Keep learning Priyanka. Yes, you can directly pay to the company also

[@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

[@choudhary_b1823]

Sir Zero cost term plan k bare me bnayiye video or konsi company ka term plan best h

[@sureshkumar-ts3mc]

Thanks very much for useful information

[@AssetYogi]

Keep watching

[@sonarika5193]

Pls say about good education policy for kids

[@savinantony5631]

There is no policy. Companies name it for their business purpose.

[@sonarika5193]

@@savinantony5631 how are you so sure??? Wether u are an agent?

[@savinantony1255]

@@sonarika5193 I am not an agent. But I already attended agent's course. So I know it. Insurance company always name it attractive and people fall into that trap. Always judge a policy with return percentage. All these money back policies give only 5-6 % return percentage. Watch below link

[@sonarika5193]

@@savinantony1255 which link?

[@savinantony5631]

@@sonarika5193 seems to be they deleted it.

[@sundeepsingh7432]

Company name bhi suggest kr dijiye. Kon c best h

[@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.

[@DebuDhan]

Thank you ❤

[@quadrupleWDC]

Kudos AssetYogi team!!! 👍👏👏 learnt a lot from you guys!

[@AssetYogi]

Thanks Rajat. Keep learning

[@vandanaverma1997]

Sir pls video bnaey ki humein best kha se term insurance lena chaiye hdfc bnk lic ya pnb bank ..means kaun se bank se ya company se lena chaiye.. kuch smj nhi aa rha

[@goyalluckhnawi]

Hi Sir, I am still confused. Can you please answer my doubts? I am currently 25 yrs old and working. Currently the only liability I have is of home loan which could be covered under life insurance provided by my company. I know in coming 4-5 years I might have a family of my own which would be dependent on me. So 1. Should I buy Insurance right now or should I wait for 4-5 years? 2. When calculating the life cover (as you mentioned should be 20x), should I use my gross pay or net pay for this calculation? 3. If I should use my gross pay in calculating life cover, my cover is coming around 5cr and premium is coming around 4k-5k which I think is very high. 4. Is there a way I can topup my cover in future if required? Would that be a wise decision? 5. Whom should I prefer, company with great claim settlement ratio or amount settlement ratio?

[@CccHaresh9996]

Brother this kind of channel only promote matualfunds or shares to invest your money bcoz they get good revenue & good youngster viewers... I will suggest you to take jeevan Umang with term rider which gives u whole life increasing life cover in limited time premium paying term ... I m also in 25 so I suggest u ...

[@sharathkumarhk4260]

Claim and Amount settlement ratio both are important factors for any plans. Higher priority should be given for Amount settlement ratio.

[@utkarshanand1418]

Take a term life of 2cr now and invest rest premium amount in mutual funds/PF/NPS. Your dependents don't need all the money at once if you die. 2cr by term rest 2cr by investment(compounding). Early you take term lesser the premium throughout. And take annual payment for lesser hassel.

[@sumansil0333]

Go for 1-2 crore sum assured... Also enable life stage benefit option Then you can easily take 50% increased sum assured (only after married- max 50L increased sum assured + initial) or 25% increased with any loan papers( max 25L will be increased) or 2 children ( 25L+25L) You only opted for max 50L increased. Otherwise you can add upto 50% of whole sum assured as a top up(one time possible only). This will be applicable after 1 year of your policy. you have to pay excess premium at initial rate + go for medical (like initially). Only Max life insurance has highest claim settlement ratio in the market 99.34%. but you have to compare.