Understanding Life Insurance | Ankur Warikoo Hindi Video | Choosing the best life insurance policy

[@warikoo]

The Complete Guide to Buying Insurance is in association with PolicyBazaar.com as my knowledge partner. To browse through Term life insurance plans on PolicyBazaar, please click - bit.ly/3wJiY20 To browse through health insurance plans on PolicyBazaar, please click bit.ly/3dgKQmH To view the notes for this video, please visit bit.ly/3knAlSX Additions to the video: 1. The ASR (amount settlement ratio) is a bigger source of truth than CSR (Claim Settlement Ratio) The amount settlement ratio (ASR) tells you what per cent of claims it accepts. If the company accepts 990 low amount claims and rejects ten large amount claims, the insurer will get a ratio of 99%. That is why it is better to look at the amount settlement ratio. The ASR shows what amounts were paid as a per cent of claims. 2. Source of truth of the claim settlement ratio and amount settlement ratio should be IRDA annual report. Figures displayed by individual aggregators could show different numbers and thus should be verified from the IRDA. Thanks to Gaurav Dadlani for pointing this out :)

[@iamdrahulrao]

Learn a lot from you Sir

[@nihalsharma2]

Thank you so much for such quality videos. You have entirely changed my life. I'll started budgeting. Started investing. Saving money. Putting money in the right direction!! So good to see you here on KZbin. Waiting for the 3rd part 💯🙏 Aisa lagta hai ab jaakr youtube k sahi utilization ho rha hai. 😋💯

[@cadarsh80]

Sir, What if the company gets out of business say in 40years then what happens to the cover as well the total premium we paid?

[@sumandaz]

I hope, Policy Bazar guys don't start calling you 😂

[@investmentmail9684]

@@cadarsh80 Brother That's Super Uncertain thing ( Why are u thinking of that )..If U Observe Last 60-70 Years Data there is very Less Chance of this whole scenario So, Brother Chill and Invest - Let's Do Some Calculation = U Start Your Insurance Journey at that age of 25 with 500rs/Monthly Anually = You will Pay ( 500×12 = 6000rs ) Now For Next 35 Years you Have to Pay = ( 6000×35 = 2,10,000 ) So, You Will Face Loss of Only 2,10,000 ( Vo Bhi at the Age of 60 - And there Super Super Less Chance of Company will Shut Down ) I Think After So Much Uncertainity in Front of 1cr Amount it's ok to ignore that Uncertainty = Company Shut Down bhi ho Gae ( Let's Assume You Have Paid Full Premium Till 60 Years Then Also U Only Lose 210000 ) for 1cr Security !!

[@patelrajkumarnareshkumar8156]

Sir, creators like you made it very easy for youngsters like us to take financial decisions wisely.

[@sanketkulkarni2390]

Sir if inflation is not affecting premium then maturity amount would also not be adjusted to inflation so 1 crore after 35 years would be less valued then today’s 1 cr

[@sachindubey3223]

bhagwan na kre aisa ho par kya pata aap 5 saal mai marr jao 35 years tak aap rahoge ya nhi who knows , toh agr 5 saal mai mrr gye toh apke family ko 1 cr ki value atleast 95 lakh jitni toh milegi na bhai inflation adjust krke

[@lukmanshaikh3842]

I think claim settlement ratio will not provide full information, because it does not tell the amount settled. Its better to go with amount settlement ratio as well.

[@warikoo]

Agree - made that edit in my pinned comment

[@prateekmaggo9278]

There were so many things that I should have known as a 28 year old but I didn't. I feel Mr Warikoo has made a list of all of those and covering them in his videos. Thank you do such great content.

[@nazishfatima2983]

Bajaj insurance jaisi reputed company ke attractive life insurance ya goals achievement plans le or bht kam years me maturity claim kre 30% increase maturity sum assured claim kre. Interested ho or janne ke liye reply kre "yes".we conduct zoom. Sessions to give brief introduction of our products everyday apke chose kiye samay pr. Attractive plans for youth and for those who wants handsome investment for only mere 10 years and want to have handsome maturity of 28lakh with the guarantee of bajaj insurance Ltd. Reply "yes" If intrsted. Have a look at the plans only and let your future decided aapko apke goals abhi acheive krna h ya auro ki trh retirement ke baad.

[@chukkeycheese]

some people have it in them. i am literally become an admirer in like 10 mins after visiting your channel. you talk very well and explain it very very well. cheers!

[@tech_wizard9315]

9:00 points to consider before buying term/endowment insurance plan 10:00 Important add ons in insurance 11:00 which insurance to buy

[@rajwardhansagare2075]

Thanks for this series Ankur!! Its very much needed as many of us youngsters and many people older than us underestimate it a lot.

[@gautamjn]

Kash yeh sab indian education system mein include hua hota toh aaj mujhe 33 saal ki umar mein nhi sikhna padta. But thanks Ankur for this video. Super helpful. Ps: I got my education from a convent school. So you can understand meine kya hi sikha hoga!!

[@DivyaSingh-id3qz]

Convent school😂😂😂. Bilkul bakwas school bhare bura mat maniyega. India ke best school saraswati sisu mandir vidhaylya. Jivan ke hai mod par kaise chalna hai sikhate hai.

[@gautamjn]

@@DivyaSingh-id3qz could not agree more with you Divya. I second that.

[@RohanKhattar]

Thank you for this!!! An absolutely useful video, I purchased my Term insurance after watching this.

[@SushovitRout]

Kiran - helped me with my query with Insurance policy and he was extremely helpful. Quick resolution from him. 👍🏽

[@sayeesaran]

I appreciate Policy Bazaar sponsoring this series with the valuable input of Warikoo. But please note that every aggregator would be biased towards one company and against one company. It's just how it is. It's our duty as the customer to make the best informed decision. Not the aggregator's. Anywhere.

[@pankajshah2969]

very true

[@namanchopra4600]

The most complete video on insurance ever!!!!!!!!!!!!

[@vikramyadav6933]

I m 22, just bought health insurance, next is life insurance. My dad being in the army medical bills and financial support never bothered us since the army covered it all. But now when I am on my own being self employed I understand its importance and necessary for normal civilians.

[@kavyarshetty1672]

Which health insurance you bought

[@nkillx]

If you need any help or suggestion while buying life insurance, you can connect to me.

[@Vishal-si9uy]

don't the army covers health insurance for spouse and children? just curious

[@vikramyadav6933]

@@Vishal-si9uy Yes army does cover those but only till you are a ' Dependent' that is till 21 years of age. All army facilities bestowed upon you earlier would not be valid after your 21. So no medical support, canteen support, transportation etc. However for the man in the army and his spouse they will have these benefits till lifetime

[@Vishal-si9uy]

@@vikramyadav6933 Got it. It's really good that you are understanding the importance of these insurance and opting for it. Keep up the good work.

[@ayushvishwakarma7644]

The lines from Song - Tu jo mila lo ho gya me kabil.. Tu jo mila to hogya sab hasil....haan muskil sahi aasan hui manjil. Purely represents you. 🤗

[@VishalSharma-dp4cd]

Very informative video and very well explained. Too good. I am 50 yrs now and I wish I had access to your videos in my twenties . But I am using knowledge gained for my kids. Thank you very much. You are doing a great job 👏

[@atul7173]

This video literally saved my next 20 years

[@kaustubhrajwade7770]

Hi Ankur , Great explaination and it clears all my doubts . There just one thing I have noticed , when you select Critical illness Benifit value to 30 lakhs then max life policy is showing "Rider premium cannot be more than plan premium" and the option is not considered and whole policy value is showing without including" Critical Illness Benifit" option which is a base option . If we lower the amount for it to 15 lakhs, then value of max life policy increase drastically.

[@dynamorecharge2036]

I just feel that your each video is important for us to see to achieve our Financial Freedom i am in class 12 i have to see all your Videos because i feel each video is for me at my present situation

[@shortfunnyviedeo66]

Kudos to you Sir. - - Aapka *****Most valuable advice, bina Life insurance ka, koi bhi investment, nahi suru karna chahiye. Bahut important knowledge hamne gain kiya hai. 1)Term Plan, Benefit/Endowment plan 2)Cover your family 3)Inflation.. Fixed premium product 4)Section 80 C 5)Investment product not insurance 6)Critical illness add on 7)Disability add on 8)Critical illness premiums waiver 9)Disability waiver premium 10)Pillar to Post.. 11)Right Age--- 25-35 years 12)Policy Bazar Bahut Bahut Dhanyawad aur namaste

[@issuebot_ai]

Itne mushkil se comment likha aur tujhe mila kya epic shit

[@rinipradhan9469]

You are just making certain topics really easy to understand.. we do buy these products but we know least about them..Thank you for putting so much effort to spread much needed financial literacy ❤️❤️❤️

[@sunnykakaiya6613]

Thanks, Ankur, these are very helpful videos for everyone. Recently I got a brain stroke and I am paralyzed on my right side. But I have taken life insurance against a home loan. I am better from a financial angle. Keep up the good work...

[@rashixo_]

Aaj mera interview hai Bajaj Allianz life insurance company me aur main ye dekh rhi 😂

[@quickknowledge3491]

Mera kal hai 😢

[@Harishnayakblogging]

Ok

[@TheUrbanLegend-ru1xg]

Hi mam, have u got ur dream job🎉🎉

[@kushwahafoodservice7009]

इसको देखकर भी गए हो क्या आप😅😅😅

[@jonynaiduiaspcsmotivationv753]

Mera bhi

[@raman0886]

You are a great person ❤❤❤❤❤❤❤love from Himachal...... This type of things should be taught in schools❤❤

[@dineshmeena6887]

Sir aap ne meri life ko change Kar dila because I am belong from poor family now change my mindset 🙏

[@urmismitabaishya6675]

I just love you Ankur, such a good n honest soul you are.. So transparent your videos are. Just amazing. Keep doing such good work, even it would not be a hyperbole to comment your service as philanthropic service. Much much respect to you...

[@Alexzz988]

Bro thank you ☺️☺️ very much today I got full knowledge of life insurance you are really a great person BTW I am 17yrs old and I am gaining full financial knowledge for my future.

[@revivewrld_for_life]

Most valuable channel on KZbin ever❤️🌿🙏

[@revivewrld_for_life]

@@user-tj8gz7im2f bot, get lost

[@dynxmit3official920]

This guy is a financial wiz kid. Thank you for the valuable knowledge.

[@umeshsultanpure499]

Remember where you've been and why you started. ... And if you want to learn anything ,don't worry Warikoo here Thank you sir

[@darshanawale3744]

I will be honest, I was first a little irritated by the 'Ankur Warikoo' ads. I have been watching his youtube videos for the past few weeks to manage my personal finances and I have learned a lot through them. They are quite helpful and guide you in a good direction to begin your finance management journey. kudos to you sir!

[@bhanujijyotu]

Buy LIC tech term plan 854. It is available only online. No private company can beat it. The price are also at par with big private players. Only drawback is that it does not have critical illness or other riders. So buy a large sum from LIC and a small sum with riders from private companies.

[@dark_knight1241]

Just wow ❤️, most valuable and deserving channel 🔥

[@Stiverouger616]

Thanks for the information. Now my parents can live there life peacefully.❤😊

[@anilkumaryelleti1818]

I was researching about term insurance and I'm glad that i got all the information I needed in one video. Thanks for sharing the most required knowledge around money & finance👏👏

[@nazishfatima2983]

Bajaj insurance jaisi reputed company ke attractive life insurance ya goals achievement plans le or bht kam years me maturity claim kre 30% increase maturity sum assured claim kre. Interested ho or janne ke liye reply kre "yes".we conduct zoom. Sessions to give brief introduction of our products everyday apke chose kiye samay pr. Attractive plans for youth and for those who wants handsome investment for only mere 10 years and want to have handsome maturity of 28lakh with the guarantee of bajaj insurance Ltd. Reply "yes" If intrsted. Have a look at the plans only and let your future decided aapko apke goals abhi acheive krna h ya auro ki trh retirement ke baad.

[@SalilGoswami]

Thank You Ankur for insightful video

[@AdarshGupta-zi8sr]

Sir apne bahut achha explain kiya h mujhe kafi kuchh samjha uske liye thank you lekin kafi doubts bhi h abhi mujhe

[@ReenaJoelThomas]

I was so confused .. not any more.. u are so good.. u make things so simple...my go to person to get guidance bout money related things.. Thankyou Ankur

[@ractor6175]

I am from future and now you 11 million subs and becomes the biggest financial guru of India.

[@nitinmalviya]

If We consider 5% Yearly Inflation for next 40 years . Then 1 cr will be equal to around 14Lac value of today. Well your Family might get this amount earlier as you never know 🤷🏼‍♂️.

[@tallstoic]

Have to take multiple policies

[@gautamgaurav1371]

Had been waiting for this for the past 2 weeks!

[@shwetadesai9672]

I like the way you explain it 🌟 clear and informative ✨ thanks 😊

[@techgeek5808]

I am really lucky to have found you as my guide and mentor, I don't know what I would do without your guidance. A hearty thanx🙂

[@rammondal8147]

Itna acha smjhane ke liye dhanyawad sir!

[@shubhammaske1272]

I have few questions. 1) Can we update the nominee later? 2) can we have multiple nominee so that we can split the claim amount % wise. 3) How to claim the 80c tax benifit, which documents we have to submit. 4) how the nominee will claim for the payout?

[@aashiqahmed5273]

Term plan is the life cover you buy for your family, Endowment plan is a savings plan that will give you a bulk amount in return on maturity on in case of death with some returns(very minimal) , you should have the 72 rule to calculate the percentage of returns

[@pyadavji11]

SIR APKE PASS ITNA MUTUAL FUND H APKA TO ACCHA H 🤔🤗🤗 BEHATR SAMJHATE H SIR H MAI APKA VIDEOS DEKHKAR HI HAR JAGHA INVEST KIYA HU 😇THANKS SIR

[@chetanchimulkar1519]

I think everyone earning in india needs to know about you😍

[@anonymous-50]

Also 1Cr Value will also Depreciate though...after 30-40 years

[@niharikaagr78]

Mje bas ek baat kehni hai ki death k liye bar bar regret krne wale words use kyu krne hai,wo to honi hi hai sabki and jo aap guide kr rahe hai usse to kitna fayda hoga qki jo le raha hai wo b acha feel krega ki uski family ko dikkat na ho n jab milega to family bhi unwanted condition se bach jygi..so jo hona hi hai usko kitne ache se humne cover kiya ye best baat hai.

[@nisha8552]

Thank you so much ankurji😊you are a sweet soul!!😍

[@mahendrachoudhary5427]

how could you manage all that knowledge amazing sir great content 👌👍👍

[@user-yash-raj]

This video is very simplified because they can also learn for insurance and practically how to check insurance..( request for make the video SIP... please sirjee ) Again thanks a lot sir jee....

[@medhanigam8646]

How can a man be so consistent in uploading great videos

[@tanvidagar2819]

Jeete jee toh kuch kr nhi payi family ke liye Kam se Kam Marne k baad toh kuch de paungi thnku fr yr knowledge 😞

[@sanatpanda2177]

Very concise and crystal clear..

[@ashwinjohari]

Isn't it funny how you think when you are in your 20s and have just started earning. I used to scoff at the idea of buying a life insurance, because who dies right? Now when I think of it in my mid 30s, I cannot imagine the economic fall out my parents would have had to endure, had I died. I eventually bought a term life insurance at the age of 27, an I pat myself for it now. I had similar thoughts about buying a critical illness cover or accidental cover, but as I saw people around me younger than me succumbing to illnesses, I am now wiser. Thanks for sharing this Ankur and providing real life examples of why one should buy a life insurance.

[@nirajmishra2512]

After looking this video.. I got 1cr insurance from policy bazaar last week. All Thanks to you sir... Really appreciate it.

[@ritamkhanna]

Value of 1 crore after 40 years is just 10 lacs taking inflation into consideration

[@rockvasugupta]

This video is very helpful but i want to add one more point term insurance policies require a year or 3 of Income Tax Returns.After watching this video i asked customer care on policybazaar and they simple told please show everything considerably with good faith and there will be no issue regarding its claim.

[@manzurkhan]

@warikoo The Maxlife plan you selected didn't had the critical illness cover, because the cover amount was greater for the selected insured amount. I know it's just an example you gave, but just putting it out so someone with same age and specifications doesn't get confused with the low premium

[@KY4nW]

Sir Ji tussi great hu jo topic samj nahi ata ap usi pe video de dete great sir Ji

[@FaheemRazaAnsari]

You're my mentor for my thought process towards money! @ Ankur Warikoo

[@vinayaksutar3185]

Amazing video sir actually Meaning and importance of insurance in simple language

[@artbyarnab]

I was looking for this video for so long… actually the thumbnail is misleading nowhere it mentions that its the part of the insurance masterclass and its the part 2 video

[@evergreen7781]

Bookmarking it ❤️❤️❤️ Eagerly excited for the "health insurance" sir...

[@safaroads9504]

Very Informative..who consider to buy Insurance

[@AshishGupta-fh9ne]

Hi Ankur, Can you please create a video and share your thoughts on upcoming and anticipated global inflation due to Covid. And it would be really helpful if you can share some tips on how we can profit or at least not lose our money during that period.

[@JoydipBhattacharyaAnimator]

Thank you Mr. Warikoo, for providing such a helpful information. :)

[@shubhamkaranjkar7869]

if we are financially strong than can we take multiple insurance, so that cover will be more ?

[@paarthshah1990]

This was really helpful. You are amazing and the clarity that comes with your explanation is crystal.

[@DurjanSinghkhera]

I am going to buy an insurance policy so before know about it . Dhanyawad

[@nihalsharma2]

Thank you so much for such quality videos. You have entirely changed my life. I'll started budgeting. Started investing. Saving money. Putting money in the right direction!! So good to see you here on KZbin. Waiting for the 3rd part 💯🙏

[@nazishfatima2983]

Bajaj insurance jaisi reputed company ke attractive life insurance ya goals achievement plans le or bht kam years me maturity claim kre 30% increase maturity sum assured claim kre. Interested ho or janne ke liye reply kre "yes".we conduct zoom. Sessions to give brief introduction of our products everyday apke chose kiye samay pr. Attractive plans for youth and for those who wants handsome investment for only mere 10 years and want to have handsome maturity of 28lakh with the guarantee of bajaj insurance Ltd. Reply "yes" If intrsted. Have a look at the plans only and let your future decided aapko apke goals abhi acheive krna h ya auro ki trh retirement ke baad.

[@aadarsh8306]

Thank you very much , youth like us need these types of videos

[@explorerhimu9166]

I had done my own term at 26.. Now I can feel that was a good decision..

[@kuldeepchouhan0143]

Kon sa liya hai

[@cherry23778]

Which plan did u buy .. Can u plz tell us

[@abirroy735]

Sir please make a seperate video for company insurance. I am going to start a startup and my company will be act as a manufactures. So there will be many machinaries and all other things which need to protected for any accident or losses. So kindly make a detailed video on how to make an insurance for any private limited company so that I can protect my company wealth from any unwanted losses. Please sir requesting you.

[@piyushyadav3562]

Sir really your video's are very useful I like them 1. Anyone who is a student could do his Term insurance and health insurance because he has no personal source of income 2. Should we start our SIP in regular plan or Direct plan I will be grateful if you guide

[@saketgautam4417]

Waiting for the health insurance video. Thanku so much sir for explaining these facts in a simple way..

[@akanchchaarvind1150]

Hey Sir, Thanks for the informative video. As the next video is going to be on health insurance I would like you to also address that should we have a another health insurance plan as majority of the company do provide medical insurance for both immediate dependents and oneself. I understand that min.cover per person a year should be atleast 1lakh but if that is not covered through the corporate policy should we invest in another health insurance

[@waqarmehdi4394]

Ankur Warikoo -- The godfather of 90s kids in India. 😎

[@ManishSinghYt29]

omg this knowledge is priceless. so grateful to learn from you . thank you sir!

[@smith3307]

Thank u sir for the helpful information 🙏❤

[@abhinavmathur1204]

Nice video but I have a couple of questions. Let's say that I opted for an Endowment plan 1 crore cover then 1. If nothing happens to me in the covered period, does the insurance company returns 100% of the amount I paid all these years after the maturity of the policy? 2. If I'm getting hospitalized, does this policy covers the bill amount as well? Or that come under health insurance?

[@manishkumar-wb7je]

sir, you explain very well thank you

[@lavisingla2300]

Hi Sir. Can you point out the effect of inflation on term insurance cover and how can we decide cover bssed on that?

[@rijomathew3310]

Sir, please make a vedio on how to grow, improve ur business and understanding the future Strenght and weakness

[@mahaarya]

I also watch the ishan llb but now I confusion has gone thankyou sir🤗🤗🤗

[@HimanshuSharma-if5ue]

Very nice explanation...Thank you Ankur sir

[@saiyanz2001]

Thank you so much sir you are absolutely right and perfect thanks 😊😊😊😊😊😊😊

[@vikasberwa159]

Thanks sir, I have a query regarding put the limit age. Ex:- If person A select the age 100 years and he died before 100 years then His nominee will gets the covered amount after duration of 100 years?

[@hardikvyas3893]

No, if a person dies then immediately the nominee gets an insured amount, depending upon company to company after how many days or months nominee gets amount

[@smithpereira1149]

Mr. Ankur very nice explanations and very helpful for us please give some guidance regarding investment plan in policy bazar as policy bazar has suggested me to invest in TATA AIG guarantee capital income which means invest for 10yrs and after 21 yrs guarantee return in your hand plz need your suggestion thank you

[@mrinalrikusarmah4501]

Thank you sir..this is so useful..love and respect from Assam ❤️🙏

[@theapacherider21]

Great video love from Nagaland

[@rajanjagdish1544]

Thank You Brother! Really Needed This!

[@aditya-garg]

A critical piece missing here is impact of Inflation. Actual value of 1 cr,as per reverse Inflation calculator, after 50 years at inflation of 5 percent would be around 10 lacs!! Perhaps even 1 cr plan is not enough/especially if planning upto age 85. Another suggestion worth covering would be paying premiums for 10 to 15 yrs vs paying for entire duration.

[@winyourself553]

Sir today took Term insurance regular. Thanks for the information

[@saikumar-vk6ko]

Hi Ankur, Could you make an video on Nifty Bees and is it safe to invest on them? secondly, what is the avg expected returns on NiftyBees? finally, what it is the difference between Nifty and Liquid Bees and which one is best for retail investors? Thanks in advance. I always like your detailed explanation and your analysis.

[@realworld3711]

Thank you very much sir 😊❤️

[@anishraj3462]

Due to inflation the 1 crore that is being promised to be given at the end, wouldn't that value become less? Because, as you said, 30 years later the 10,000 will be nothing due to inflation. Won't the return amount also decrease?

[@jaskiratsingh1687]

Of course, that's why plans in which we can increase the cover in between are best

[@Immukund143]

You can buy increasing cover or can buy new term insurance in between.

[@abhilok123]

Ye baat nhi btayge bro nhi to inki dukaan kaise chalegi ankur warikoo dukaan chala rha hai bs!

[@vikash__parmar]

दिल जीत लिया यार 👍👍

[@palabinash]

One of the very good thing is that if you will choose to pay premium for less no of years then your premium will reduce drastically. So if you can then go for it.