Top 4 secrets to know before buying term insurance in India | 2023 | CA Rachana Ranade

✔️Ditto► Book a free consultation call with Ditto Insurance now:
bit.ly/41wlS92
✔️ Blog Link: www.rachanaranade.com/blog/un...
--------------------------------------------------------------------------------------------------------------------------------------------------
✔️ Invest in Knowledge: social.rachanaranade.com/Courses
✔️ All Social Media Handles: linktr.ee/RachanaRanade
-----------------------------------------------------------------------------------------------------------------------------------------------------
Whenever discussions around term insurance happens, a flurry of questions come to our minds like:
- Till what age should I take the term cover?
- I am getting 20x of my income as a cover! Should I take it all?
- I have heard a lot of a Zero cost term insurance. Does it really make sense?
- There are so many riders in a policy. Which ones should I opt and which ones should I drop?
Answers to all these questions will be discussed in today’s video.
The information contained in this video is presented purely for information purposes only provided as a service to the internet community at large. It does not constitute insurance advice and we do not guarantee the information's accuracy, adequacy, or completeness.
🔴10:40 Please do your own research before taking any decision. The appropriateness of any policy differs from person to person.
What is covered?
00:00 - Introduction
00:54 - What is an ideal maturity age of the policy?
03:45 - What is an ideal cover for a term plan?
08:05 - Should I buy a Zero Cost term plan?
10:56 - Should I add riders to my term plan?
13:31 - Conclusion
#rachanaranade #sharemarket #terminsurance

[@CARachanaRanade]

✔️Ditto► Book a free consultation call with Ditto Insurance now: bit.ly/41wlS92 ✔️ Blog Link: www.rachanaranade.com/blog/understanding-term-insurance-riders

[@pareshsahare]

Hi Rachana Madam, I know you will not reply me but if you can please. My one of the friend he experiencing heart problems because no company has provided him a health insurance/term insurance In this situation, what should he have to do ? Thank you, Paresh Sahare

[@vnithiyanandam]

If your bike is more than 150cc they will reject your claim.

[@debottammusic6105]

Very useful vlog ma'am..🙏❤️

[@sagaradhau1526]

Madam, which insurance you have taken

[@sudhakara7581]

Mam, now a days I observe the contents to be very much promotional/sponsored. Your objective of financial freedom by adding knowledge is getting low

[@feddythechamp]

Afterall she also has to earn bread and butter.

[@shivakumarhyd]

@@feddythechamp she can buy a small size bread and butter factory

[@abhilashravichandran]

​@@feddythechamp same story everywhere. It's useless blaming others.

[@thakur2622]

@@feddythechamp better you focus on learning something else don't watch.

[@rajatkochhar3951]

She has a big team to prepare the quality content and requires to do promotions to pay salary and expenses. Try to understand, she is not govt. funded

[@panchalpact]

Today Mr. Chandu & Mr. Bandhu clear all my doubts about term plan. Splendid elaboration of term plan by Rachana ma'am.

[@basavarajvkatti]

Illustrations are really good and demonstrated very well. understood very well about the Zero cost and implications. thanks a lot Rachana Ji.

[@sanjudakshi5335]

Brilliant explanations.. Simple to understand..Appreciate..

[@MExpertSolution-ww5kw]

Thanks and Amazing skill want to learn more with you .

[@doomslyr]

That is one interesting perspective... I was about to but TI... now am recalculating.. Thanks :)

[@rakeshtatyasahebkhotkalpta6983]

Thank you very much for your wonderful videos and enlighting with knowledge for viewers like us..

[@dhruvaswal5429]

Point 1 was really mind opening.. never thought so easy thing ❤

[@AbhishekSharma-er2rd]

Thank you for such an imp key points...

[@xjwostselva]

Nice english with a marathi touch. thank you. i watched before i advice my son on this policy.

[@sandeepkumar-ol5lg]

You nailed it. Your unique explanation is an eye-opener for both newcomers and fellows already in the market

[@phyowai3834]

Labour Law Advisor has uploded video on May 17, 2023 and she copy paste it . . . isko to chor bhi nahi keh sakte kyonki iske followers CHUTIYA hai

[@mohithbodhankar]

One point i wanted to add here on critical Illness rider is that some insurance providers has clause that they have to survive for 30 days to receive this critical illness amount which is missed by lot of people while buying insurance

[@Murali_Krishna9]

Informative as usual and animation team 😊 rock as always

[@indirachaudhary6796]

Hello Maam', i am soo glad i came across your channel.Thank You for making such informative and easy to understand videos.

[@travellerkp]

Thank You so much Ma’am, This video is very helpful and it gives different perspective to term insurance. I understood that who needs a term cover,why he needs and what amount should be. Thanks 😇

[@shankssl1310]

Beautifully defined for a common man to understand easily

[@asureshkumaran]

Excellent information. Thanks for sharing this information

[@josephinelarive6699]

Thank you Ma'am for your valuable information . God bless you .

[@futuresaving.1597]

Always correct thanks for Awareness

[@vigneshsamuel7397]

Very well explained Mam, Thank you so much❤

[@prashantgarsund3859]

Your Videos are very useful. Thanks !

[@vikasmore164]

Very informative ..Shubh Diwali 🎇🪔

[@anandbhojan4548]

Thanks a lot for your information..

[@akashmahadevpatil]

Thankyou ma'am for sharing your knowledge and time with us.

[@mdarifansarimunger]

Thanks for guidance ma'm

[@PAVANKUMAR-fo6iu]

It can be a legacy amount also if you take it for long term but premium paying capacity should be planed

[@midhun153]

Thnak you for re-doing vidoes on important topics like this. Especially since the information get outdated. Like, Many including this Channel still do videos on topics like "renting is better than buying a buying an apartment". Yet, its not vaild since last year since rent especially in city like bangalore has skyrocketed!. Anyway thans for the video!

[@parthapratim004]

Thank you so so much ma'am.. Now a very important concept is cleared.

[@rupeshpatil6957]

Hii Madam, Thanks for increasing our awareness and knowledge day by day. Could you please make a video on purchasing the rider plans which we can buy separately not with a term plan? I personally took a pure-term plan from LIC and would be interested in buying the accidental rider going forward. Thanks in advance

[@phyowai3834]

Labour Law Advisor has uploded video on May 17, 2023 and she copy paste it . . . isko to chor bhi nahi keh sakte kyonki iske followers CHUTIYA hai

[@pulinsamantray6571]

This video is excellent education on Term Insurance. Loved it .

[@rohitkini6659]

Very informative video. More info and comparison on riders required..Riders are relatively expensive, separate personal accidental policy comparatively better..

[@CARachanaRanade]

One has to evaluate specifics of each policy and decide.

[@sivaprasadbuduguru5186]

Very informative thank you

[@AjitYadav-gp9kb]

Very well explained ma'am . thanks

[@L.M.A.888]

Can you please discuss about "medical insurance" policies. Wheather term or with return on maturity, etc. Thanks.

[@satyam-evajayate438]

Retooling oneself is important to stay relevant. Hopefully people can learn and increase investments.

[@gulabsyed3255]

Thanks mam for your beautiful and amazing explanation. 🎉❤

[@vinzreality]

Thank you very much maam. This was a very informative and eye opener for me esp when I was deciding to take a term insurance. Looking forward to such informative videos in future.

[@mihirvedula5545]

Very informative video mam . Thank you very much

[@Arunkumar-mh1vp]

Thank u for explaining in a simplified manner,,, One question is if a person ' X 'n his wife both r employed...is it really needed to take a term policy by X?

[@karthikchandrashekar4983]

Your way of explaining is very good 🙂 I have set my preference as below after some initial re-search, let me know anything need to re-assessed or need to be considered. 1. I am taking policy with no return of premium, i prefer lowest premium possible, also want to pay off premium in next 10-15 years (Work in Software industry, not sure how long will work 😀). 2. I am planning to take coverage till the age of 60 (My daughter will be 27 by then). 3. Sum assured is enough to take care of house hold and education of my daughter. 4. Haven taken critical illness and disability rider.

[@karan4163]

Mind and eye opener video❤

[@anupamsadhukhan5620]

best video on term insurance over the youtube. pls makr vdo on comparison best term plan provider....

[@mkmeganathan9097]

Mam, it's a Great learning today

[@antonygreetan]

Claim settlement ratio is another aspect one must consider before taking a term insurance.

[@Mebrown_NoBot]

That GST factor was a new thing!!! I didn’t know that

[@hkp1450]

Thank you rachna... Video was very helpful

[@bapirajuch4206]

Very good perspective. Convencing.

[@ramyasri6093]

Thanks for info madam

[@rameshkotanur2902]

Thanks Ma’m for this video..amazing explanation… Request to make video on Health insurance as well..thanks🙏🏻

[@ankurkanthalia6795]

Hi. Very informative video. Thanka. Pls also highlight and provide information on premium payment mode like limited pay premium or regular one. Thanks

[@sumitingale91]

Wow.. Very nicely explained 👏🏻👏🏻

[@DeveshJoshi0]

what a great way to explain

[@sandeepkumarsingh9239]

Thanks a lot

[@vidhyadhartirlotkar5751]

Thanks Rachana Madam for very important information about Term life insurance

[@teamajaygupta]

Pl inform about the claim value rejection ratio.Companies may tend to reject bigger Sum assured cover.

[@ivinitmittal]

Finally a good video after soo much time!👍🏻

[@feelgood_moments]

Great 👍 so informative

[@HowIsMarketToday]

Hi I would like to more about the annuity plans....in NPS.....how does the annuity plan works in NPS... It will very useful if you guide on this topic I like all your videos... Thanks

[@ChiseledWriter]

Well explained

[@dharmasastha1150]

Excellent video advising on age factor and rider policies ❤ Please share some thoughts as what will happen if the insurance company we chose gets closed in 30 years time ?

[@MrPanckaj]

If any private company willing to wind up its business, then they can’t do as and when they wish. There are some regulations to it also. If any company willing to wind up an insurance business then it has to merge with a new company and then bail it out of this business. In this way, an insurance company can’t close business and run away from the responsibility towards an insured person.. Therefore, when it comes to insurance regulation, including LIC all companies are equal and have to adhere to rules of IRDA. Hence, without any hesitation, you can buy an insurance product with private insurers too. Hope with these strict regulations it is hard for any company to wind up its business overnight.

[@ramish31]

I was perplexed with Zero Cost Term insurance. Your explanatory video really helped me understand the difference.

[@Ta-bd6xs]

Great information

[@neerajjain8060]

Very nicely described, Good

[@kandanr9052]

Virtual brokers also gets huge brokerage without spending much money... But individual agents life is not like that....

[@anandakumars8272]

Really extraordinary and extremely valuable content. Everyone must watch this vedio. Madem could you suggest us we like a common man where should I buy term Insurance or how do I know types of critical illness.

[@arjunchauhan499]

Thanks 😊

[@amrutkulkarni8080]

Ma'am, please share you views onto specific policies like cancer, heart insurance. Since their premium are cheaper. And also the benefit that they offer as compared to taking a rider policy in term plans. Looking forward towards your inputs

[@hrushikeshavachat900]

Not quite right decision. You will end up paying higher premium. Having a general health insurance makes more sense.

[@AnnavaramSathibabu]

Is it better for me adding riders in term policy even though I am having health policy. Please tell me.

[@girik9436]

Great and informative . Anticpating detailed video.

[@CARachanaRanade]

Thank you!

[@ketandamle7729]

For a change you have a very relevant opening pitch for this video.

[@vsvijaykumar]

Useful information

[@PAVANKUMAR-fo6iu]

Cover some points in which conditions claim can be reject in term plan. Also data how many claims rejected and what was the major causes. So that customer can ask before taking term plan

[@ShekharRane-th5ob]

WONDERFUL JOB RACHNA

[@rudreshallolli9396]

Informative

[@rohitsable9843]

Very nice information mam 🙏

[@sivakumarjagadhesan7404]

Hi Madame, I've seen your videos and its very informative and useful for people like me., thank you for the great work and i hope by the number of views your time is well rewarded. Thank you again for the entire team,.

[@NareshCh2]

Thank you ma'am.

[@santhoshsg3497]

Mam please make a video on DEFFERED TAX LIABILITY. How it is treated in accounting and how to analyse while investing

[@sms9865]

Good Information

[@vinodsmita2017]

Thank you

[@shaktisingh8481]

Excellent video....I just called my advisor today for term plan and having watched it made me feel I will take a wise decision.

[@sumaabhipsa682]

hello mam kindly tell us whether to go with money back term insurance policy or not , like wtever premium paid or invested will be returned at the end of the policy term insurance .

[@harriesingh2764]

Very 2 informative..

[@chahat304]

Ma'am aap bahut badiya explain karte ho....keep on ...

[@CARachanaRanade]

Thank you

[@saymanishca]

What about limited paying term like 5 years or 10 years or we should choose annual premium payment till policy term

[@satyverma76]

Madam, What about theaffect of the networth of the person for the family with a term insurance beyond 60 years as this can have an impact on the family members willingness to take care of the old aged parents

[@meyyappanpalaniappan4014]

Hi Rachana - Good details on Term Insurance, can you please help on Health Insurance as well.

[@user-si7dt5ru2m]

Exceptional stuff !!!

[@abhishekshah136]

Intro was awesome 👌

[@gangadharn7727]

Fabulous information

[@jivhhjjjuuuyyys]

I got clarification, with examples,

[@tejusgowda145]

Nice explanation!!!

[@nelduderules]

We have heard that adding riders can complicate the term claim, how true is that? If the 0 cost plan is of the same cost as normal plan, is it advisable to take?

[@CARachanaRanade]

1 - I have not seen any such case. 2 - It would not be possible in the first place.

[@Mramardeepvetsa]

Hats off to you Rachana mam, your ideas and knowledge sharing helps comman man a lot. Thanks again for this video. This provoked me to subscribe to your channel and follow you.

[@CARachanaRanade]

Thank you!

[@nfifwi]

Myopic view on the science of income assurance, replacement of human enterprising worth in terms of income. Scope of Life Insurance is much much more than covered in this video

[@sanjaysakhalkar3813]

Only term insurance covered

[@caanitabhadra9138]

Wow ! What an interesting way to explain complicated issues in a simplified manner. Great Job, Rachana.

[@CARachanaRanade]

Thank you for your feedback 🙂

[@sushantgupta9962]

Something that adds value is this video

[@mandeeprawat3079]

Execllent Rachna Maam👌👌plz throw some light on the corpus generated in the head of EPF ??suppose there are 10 years remaining for retirement from a pvt job.,what shud be approach pertaining to this EPF corpus??

[@shardenduverma6836]

Hi Rachana , thank you so much for providing very important details specially for age and zero term plan insurance as these days agents are pitching them in every call. I will needing your input in case if the person is Diabetic and wanted to take a term plan only Bajaj Alliance is providing as of now. Others companies the premium is not fixed and will inform after the medical. I was very much looking forward for HDFC , Tata and Max as per my research but because of Diabetes the premium is not fixed.....possible for you to suggest which will be better out of these 3