I m job holder age 32 year. In 2019 i purchase LIC (life insurence+ sum assured) after 4 year watching some youtuber , i realised that i m burning my money. then i surrender my Lic( दिल पर पत्थर रखकर)😮 and got approx 65 percent my money..then i purchase 1 pure term insurance.. 1 Elss MF( for tax benefit) and rest of money in direct stocks(15 returns now).... Thank u some genuine youtuber like Pranjal sir and LLA channel.. jo डूबने से बच गया।😂🙏🙏

बहुत अच्छी जानकारी। आप ने term और endowment का फ़र्क़ बताया, लोगों ने समझा व एंडोमेंट को मना करने लगे। लेकिन ठगों ने नया तरीक़ा अपनाया है। वे अब ये नहीं कहते कि यह एंडोमेंट पॉलिसी ले लो, बल्कि वे बताते हैं कि हमारा एक बहुत अच्छा इन्वेस्टमेण्ट प्रॉडक्ट आया है। उनकी ज़बान से इन्शुरन्स, एंडोमेंट ज़ैसे शब्द ही नहीं निकलते। लोग फिर फँस जा रहे हैं।

बहुत सही स्क्रिप्ट बता दी आपने पॉलिसी सेल करने के लिए मैं एलआईसी में नया नया ज्वाइन हुआ हूं। आपकी ये स्क्रिप्ट बहुत काम आयेगी। अगर हम इंश्योरेंस नहीं बेचेंगे तो कोई और बेचेगा और लोग खेरीदेंगे ही। और हमको भी तो अपना घर चलाना है ना तो कोई भी धंधा छोटा नहीं होता और धंधे से बड़ा कोई धर्म नहीं होता।

Which term insurance and health insurance you have taken for your family and why. Without any filters, please make a video on this sir. It will be really great.

My viewpoint and an interesting analogy… 🤔 I think that a common man who is not so financially literate has a different perspective when purchasing such policies. Let's understand by example. Suppose there are 2 plans. 1. Term plan - 20 Rs per month premium & 1 Lacs sum assured in the case of death 2. Endowment plan - 100 Rs per month premium, only 10k sum assured in the case of death & 1k monthly income for 10 years Now let's understand how a common person think. Suppose if I have 200 Rs. Case 1: 2 people come to me and ask: gives us 100 Rs each. And we will give you 10% interest after 1 year. Means I'll get 220 Rs Case 2: 1st person will give me 25% return & 2nd person will give 0 % return. So after 1 year I'll get 225 Rs. By seeing above case, it seems that one should go with 2nd option. You're getting more interest, but people would choose 1st option. Because according to their mindset, they should get something out of each portion of their total amount. They don't see the overall return. Now if you try to explain this person for our insurance case. As explained in our original example, endowment plan was of 100 Rs. Let’s split into 2 portions: 20 + 80. One can buy term plan at 20 Rs & can increate SIP in index mutual fund using remaining 80 Rs. The return would be much higher in this case. But people would think, why we should give 20 Rs to term plan company? If nothing happens to me during policy duration, then we won’t get anything back? That 20 Rs premium will be of no use. Some people who don’t know stock market would argue that it is not safe. Endowment plan gives us guaranteed return but here we may lose money if we invest in equity. Which is not true in 99% case if we take horizon of 30-40 years. Index would give 12-15 % return atleast which is quite higher that 3-6 % in endowment plan. So I had this high-level thought to explain to such people. I haven’t had a chance to put these figures in actual premium calculator to conclude whether it will be feasible but you should get some basic idea by reading this… So as I said earlier in our hypothetical example: 100 Rs for endowment plan & 20 Rs for term plan What if we divide 100 Rs like this… 100 = A + B + C + D A = Term plan premium (20 Rs in our example) B = RD premium C = SIP in equity MF D = Remaining amount So basically can we divide a relatively high premium of endowment plan into 4 component such that we can… - A: Buy term plan of same Sum assured what endowment plan was offering using A amount - B: Invest in Recurring deposit and get fixed return what endowment plan would provide - C: Get additional return by investing C amount in index MF SIP - D: Still some amount remains which we can invest in either A, B, C as per our preference. The idea here is divide & conquer. If you try to argue with those LIC agent why endowment plan is better then they would give dozen cons of term plan. So here we are dividing large endowment plan to small chunks and still able to get all those benefits what endowment plan was offering. So let’s put random values in above equation … 100 = A + B + C + D = 20 + 50 + 20 + 10 Endowment plan was giving me 10k death sum assured. I got it by paying 20 Rs in Term plan. But I don’t trust in private companies like HDFC, ICICI, etc? What if my family don’t get amount after me? No worries! You trust LIC. Right? Then choose LIC’s Tech Term over endowment so your trust issue got resolved. Endowment plan was giving me 1k every month after 10th year. So By investing B (50 Rs) I am also getting 1k. But I don’t trust private banks. No worries. You have SBI & Post office as govt optins. Safe options & guaranteed return. Till now, we covered all benefits of endowment plan. Now everything else are extra perks. I would invest 20 Rs in index MF. Which will give me 13% return. What if someone tells you if market crashes! You can reply… Hey even if you get 0% return here, still you’re not losing anything. Because A + B covers what you were getting in endowment plan. Still we have 10 Rs left as D. Which we can invest either in A, B, C. Depending on what is my requirement. For example, let say if I need more cover. I would invest in A and instead of 10k, I would get 20k death cover. Now question is whether is it possible to divide endowment premium in A + B + C + D? That’s I’m leaving on you to calculate 😊

Hats off sir ji Labour law advisor wale mandeep ji ne bhi is par video banaya tha 2 saal pahle। Bahut achha samjhaya hai apne bhi

एकदम सही, एजंट अपना फायदा पहिले देखता , सही जाणकारी.

In Apr'21, I bought one LIC policy but in next few months I saw one video of yours where you explained how to calculate the return of such policies. To my surprise when i checked the return on my policy, it was merely 6.5 percent. So i went with ur suggestion, keeping in mind the same premium amount, I bought one term insurance which gives me same assured amount + add on coverage on accidental death or any physical disability + critical illness included. And bought the mutual fund with monthly SIP. The only loss that occur to me was the premium amount that i already paid to LIC, which is around 50k, but now when i look at the return from mutual funds, all loss recovered. So go for best term plan available and invest the remining amount in any of the investment plan you like.

I am adequately covered thru term plan and have a sizeable equity portfolio, hence in order to diversify gradually to fixed income category and with an objective to lock-in a higher interest payout today, i choose to go for 'Guaranteed Returns plans' by TATA AIA where I am getting a tax free returns of 7% (including GST on premiums paid), for 30 yrs alongwith return of premium at end of 30th year.....

Sir ji...u r a worst Insurance Seller but an awesome financial educator...

Thank you Pranjal Bhai for your valuable information 👍

Sir, two questions I have. 1. Monthly or Yearly income is not fixed for entire 15/20 years then how to take it into account? 2. Indexation is only applicable in land? Why not in other items like gold, consuming products, and all. Because price of those are equally increasing day by day like land. Thank you for this video.

I am half way through your video and I felt the urge to like it.... you have nailed it man. Too good an explanation and simplified it for us. Thanks again bro

🙏 dil say thank you ❤️ ye he baat may as a ex-insurance employee logo ka samjana chata tha par aap nay iski video bankar mare kaam aasaan kar deya ... Sab kao kul ke share Karu ga ye video ❤❤❤❤❤❤❤

sir apki point sab theek hai. but mere kuch question hai uska answer please dena.. 1) jinka believe mutual fund or direct stock par nahi hai unke liye best way invest karne ka hain life insurance mai hain. mera mana hai. 2) Aur jinka age 50 above hai unke liye term policy lena bekar hai life cover ke liye kyuki premium bahut zyda ho jata hai.. so please ek video esh par bnaye jishe ki hum jaise log apne parents ka bhi sahi way me invest kar sake.. jisko meri baat sahi lagi hai please comment like kare aur sir tak yeh baat le jaye.. jishe ek aur video knowledgeable bnaye.. Thank you in advance 🙏

Thank you PK. My bank manager was trying to sell you this plans, but I was having doubt. Your video confirmed my doubt. Keep making such content ❤

Very Good Video, exactly what middle class man thinks and how he thinks and get dumped into such policies. Its an eye opener for me. Thanks, Amol

Please make a video to spot out the difference among ULIP, ELSS, NPS and Endowment plans including taxation benefits which I think will be a great initiative for normal people. Also if you cover the parameters to choose best term insurance and life insurance policies along with some examples, it will benefit a lot of normal people

Yes, absolutely serve to society.. Financial Education provider...!! Many of people's dream theirs dream for family.. you give torch light to Financial GOAL.¡ KEEP IT UP...❤

This depends on person to person. For someone who wants certainty in life and can sacrifice huge returns with risk. Can go with these plans. Please note these schemes do give 5-6.5 % return. If someone is guaranteeing this for the next 40-50 years it’s not bad. I live in US, for me 5% is much better than 1% return I would get in US

I have had enough of these videos against endowment policies, etc. and I can surely say most of us have already understood that these plans are very bad.. But please make a detailed comparison video of different term life plans so that we can actually buy those plans.

Hi Pranjal, This is you are spreading half knowledge with everyone. We all need all kind of diversified portfolio, like Insurance, MF , Stock , Gold & Bonds etc. Also note everyone is not eligible to purchase term insurance, 6 to 7% fixed return is quite good for guaranteed. I have MF and Ulips and I found both are almost same . Even ulips gives me tax free and better than MF in Long term.

SIR AAP ITNE ACHCHE IDEA DETE HO APKE VIDEO REPEAT KARKE DEKHTA HU,SIR APKI WAJAH SE MONEY MANAGEMENT KARNA EASY HO GAYA HAI

One correction, Indexation benefit has been removed in Debt mutual fund from this financial year.

Sir, I am a huge fan of yours and following you since 3 years. But, today first time I found an error in your video. Indexation benefit from debt mutual fund has been removed in this year financial bill. Kindly look into this. Sadly, sarkar mehelo me rehne lag gayi hai.

Yeh video zyada term insurance kharido uspe based but tik h. Investment pe toda zyada stretch karna chahiye tha. Yearly investment ka IRR dikhaya h vese hi monthly invest karte hai uska b excel bana k share karte toh sahi rehta.

Sometimes we have buy these endowment plans due to parents😢. As soon as I got my first job, My dad had me start one lic policy through a known family agent. But that was my first and last such investment.

After knowing about the rate of return, i have enquired about surrender value, came to know that bonus will not be paid, hence i didn't pay anymore so that it became paid up

I am a Financial Advisor myself. The best planning is to have a combination of insurance (term plan and endowment plan) and capital markets (mutual funds and stocks). Also, never surrender your insurance policy, instead put them into reduced paid up returns, i.e. stop paying the premiums. If you surrender, you will get a part of the premiums paid till date and if you go for reduced paid up (stop paying the premiums) you will still gat something at the maturity of the policy.

Very very informative knowledge thank you sir for giving reality of some insurance plan ❤😊 ye kahi nhi pata chalta hai itna details me sirf pranjal sir se reality pata chalta hai

There's one key element I notice everyone keeps missing. First of all in endowment plan you're getting your money back . Secondly if lets say something were to happen to you after paying 1st 2nd or any of the premiums before last premium , you're gonna get the total sum insured , However in case of term plan you're not gonna get anything back if you dont die. I am not saying you shouldn't invest in something or you should but diversifying portfolio is a good thing , also you can take loan against endowment plans not against term plans so incase you're in need of money you're covered there as well

Correction indexation benefit for Debt MF was removed from this year, but still I'll prefer those instead of these policies

make a detailed videos on both term life and health insurance please..🙏🏼🙏🏼

Kindly make a video on Postal Life Insurance (PLI). PLI is the oldest insurance in India. It started on 01.02.1884.

Needed this video 2 months ago.

PK Bhai, Debt MF me ab indexation benefits nahi milega from 2023. Upar se jo guaranteed product hote hai Insurance company k wo market linked nahi hote hai and if you're guaranteed income crossing 5 lacs + then u have to pay tax. Of course, term insurance is very important

Pranjal Bhai, you didn't even discuss the Whole Life Insurance policy which has your health insurance covered + It works as an investment as well with generational wealth creation ability for your family. In addition to that you can use it for getting bank loans for any personal or business purpose. I have watched some videos on it but they are all made with US-based Investors or Advisors which I cannot compare to India. Can you please provide detailed information on the Whole Life Insurance policy? If there is a video you already published then can you please advise on that?

Sir Mera Kuch questions hai please answer me.... 1) term insurance offline/ online buy karna chaiye? Offline buy kare to Kya head office main karna chaiye? 2)same question health insurance ke liye?

Sir you made a good attempt but am expecting with this, you also need to include why insurance agents are pitching only Traditional Insurance policies. Simple funda is commission is based on premium paid, it must be more so that it fulfills agents pocket. If possible make it edit and repost...

Dear Pranjal insurance plans are not for investment purpose, If you're against insurance investment plans, think of it like skipping a rainy day fund. Sure, you may never need it, but if a storm comes, you'll be grateful you had it. Insurance plans are a safety net for your financial future, providing peace of mind and protection for the unexpected.

Thank you so much pranjal sir,for such informative videos and informative advice making us aware of such so called investment plan 🙏🏻.

One request to Mr. Kamra... Housewife k liye ek video jarur banaye.. Jo apni choti choti saving ko sahi jagah laga sake..

Dear Pranjal, Wow! That's an amazing video bro. I was also stuck in that kind of policy and canceled as soon as I realized my mistake. My objective to take those policies was to get tax benefits, and I told this to an agent then, they gave all the bullshit talk and made me take those policies. This is an eye-opening video for people who are agent ka chakkar policies lete hai. Thank you! Please keep doing this.

Hi Pranjal ....Could you please make a detailed video on REIT.....is it the good option for those who want to invest in real estate but doesn't have the large capital

Sir you have done a nice analysis of financial planning insurance planning. But it depends on the perspective of the beholder like a glass of water is half full or half empty. It is necessary to consider what is actually insurance and what is its purpose. Investing in an insurance plan is definitely not about the percentage of return you will get. So insurance plans are sure to protect your future income as well as ensure certainty of obligations based on your future needs. There are many options available to beat the inflation rate but there is uncertainty as all these options are part of the country's economy.

You forget to include one thing which most of people don't know and no insurance advisor/planner will tell you that your 1st year premium will never get invested and 100% amount will be used to pay for commissions. And even after that for each year premium some percentage will be used to pay for commission. Check any illustration and look for surrender value and you'll find 1st year's commission will not be returned.

Yehi hua he mere saath. I have a Guaranteed return plan. It is mature in July 2023. After 10 years, I am almost certain how much I will get. Once of the worst decision as this video was not there that time.

I have a question the maturity benefit after the policy is not taken care, like SBI platina plus guaranteed income has this option for maturity benefit... Which is calculated by multiplying some factor with the insurance premium,.. let me know your thoughts

Sir having one basic question if we already have sufficient cover with term insurance and just to lock around FIXED 6% return for next 25 years so still you feel these policies are bad... As with my limited knowledge I'm not aware of any other instruments wherein we can get FIXED returns for 25 plus years Thanks

This is a great disservice to million of small investors who buy insurance plans on the emotional value and in the process by chance do a little bit of savings. You are influencing people to buy term products which the companies may not honour on technical grounds after you die. Either buy a term plan and then don't buy a health insurance policy.

I have taken 75 lakh ICICI Prudential Term life insurance with ₹8500 annual premium at age of 32

Sir , Endowment assurance is the combination of term assurance and pure endownment .

Yes..this video helps. I completely agree to what he said. But I just think about the families of That agents. The agents themselves knows deep down that they are doing wrong but they do it because they have to do it to earn their livelihood. I think THE COMPANY should not put so much pressure on the agents and also if they do so, Provide at least 8 to 9 percentage or more returns to investor tabhi toh hum us plan me invest krenge warna kyu karenge.

Bhai jo bhi return ayega woh tax free rahega....bhale hi thora kam return mile but still sabse pehle return milaga...so in short one should always keep an LIC or PLI....one should work as per risk apetite...

I calculated my irr on lic jeevan labh and got it around 8% , is it correct or am I missing something in it ?

Hi Mr PJ I think one thing you missed while explaining endowment plan, as u memtioned term insurenec is covered but that coverage will come only for those no of years for which you are paying actully while endowment plan like Jivan jyoti from lic , we gets life coverage up to those years when we are not paying even i mean for example we pay for 20 years while we gets life coverelage for 75 years but term insurence doent gives this flexibility.

There's a problem with term plans that may come in the way of people, it being that a lot of them need income tax returns or credit card statements etc... And most people who end up buying these endowment plans don't have ITR or a credit card.

Same HDFC policy sell krne aye the agent but hm to pranjal sir ke subscribe h❤

My LIC policy will give 2.5% return on maturity after 12 years. It was sold to me by saying that I'll be able to purchase my dream 4 wheeler when matured. However I own a pulsar bike now, but the agent own 2 x 4 wheelers and a 4 bhk luxury apartment. I regret this decision jindegi ke sath bhi, and will regret jindegi ke baad bhi.🥲

Aap konsa plan recommended karoge and advise karo give me some example of minimum amount of investment like how to planning for investment ek video banao aap usmay explain Karo ke lic may ketna hona chahiye, term plan may ketna hona chahiye, mutual fund may ketna hona chahiye and post ke Rd hay 5 years ke usmay kesa rahega investment.. I am waiting for your reply and your next video regarding this topic. Thank you

Hi pranjal, Thanks for such useful information as always. Also, there is GST collected on the each premium which 4.5% for first year and 2.5% from second year onwards. But i have a usecase where i need to have a fixed amount after 5 years and i come under 30% tax bracket. So this is better than fd right with approx 5-6% tax free return . I hope you can take my question

Honest and informative video as always. ❤

Sir Angioplasty ke baad koi company term insurance deti hai kya

You are absolutely right. But everybody can't do Term insurance because of its t&c and limitations

YOU FORGOT TO TELL US, WHAT TO DO IF WE ARE ALREADY HAVING THESE KINDS OF POLICIES ??

Tataaia term plans ILP are giving 5 yrs returns 19.38% cagr and 3 yr 26.27% cagr..well managed

The funny thing is that I just saw a guaranteed income plan ads while watching this video.😂

Thanks for the video. I was also forced by Axis Bank sales team to purchase a very similar plan, which looks attractive prima facie.!!!

One problem with financial influencers are they don't cover 100% of any topic. No one tell cons of any term plan

Hi Pranjal, Thanks for a great video, Your guidance is good for someone who didn't invested yet in these plans but the one who already invested what will be the decision for them ? I have invested in this plan for 2 years, should I exit now with surrender value or how to deal further, can you please guide. 🙏 Looking for your next response soon. 🙏

Me hdfc ka akk policy lene wali the bt ye vedio dekh ke aur khbi policy nahi lungi....thankz to u sir

I hv 3 term plans of same amount from 3 different companies. Will there be any issue if something happens to me. All are online purchased.

Please correct your knowledge pranjal. I worked in bank and also selling some insurance plans. With proper jeed and requairment. Their is good plans. Just some agent selling and miss guide people fo higher commission.

During covid period insurance companies paid lakhs of death claims. Those unfortunate families got the actual benefit of having life insurance policy. We should invest in other instruments as well as in atleast one life insurance, Cause we never know when a situation like covid arrives again in future. 👍

Thanks @Pranjal sir 👍 21:43

Sir u may be wrong some time, long time back I got LIC plan of jeevan shri which gave me 12% p.a fix return from the day one till date with limited paying term ! Also tell if insurance company's returns are so low then how are they surviving & flourishing with premiums ?

Brother, I am a Army person should i take a term plan plz reply

This is the one of the best video explain each & every part of insurance Please make the video on taxation of stock market long term investment , short term investment , especially future & option It's really needed thank you for making such a amazing video

I have already started lic policy. Should I stop it. What would be wiser to do now.. Should I continue it or stop it

I am 1st viewer today 🎉🎉🎉🎉🎉

Sir , ऐसा लग रहा है किआपको insurance का ज्ञान बिल्कुल नही है , पूरी की पूरी वीडिओ गलत जानकारी से भरी हुई है , आप समाज मे कृपया भ्रम न फैलाएँ , अपना ज्ञान बाधाएं 🙏🙏🙏

What a pitch....Just have seen 5:30 & I am convinced... I should get a insurance....

Just got an ad of Max Life Guaranteed Savings Plan when I clicked on this video 😂

From lic Age 30 , annual primium 1,00,000/- plan 936-21-15 , sum assured 18,00,000 Natural risk covers 18,00,000/- Accidental risk covers 36,00,000/-. Both from day one If he dies after 10 years Naturally 28,00,000/- Accidentally 46,00,000 Total returns 36,00,000/- IRR - 6% Don't compare Orange with banana 🍌

Coming future seems to be dicey, can stock market / mutual funds beat the inflation, last 3 years market gave negligible returns, in this all mess don't you think so that even 6.5% from guaranteed plans is better option at least negative returns are not there ?

Thnk u Pranju🎉

Term insurance me kitne logo ko pura 1 crore paisa mila h ye v btayen .....kyun ki sb company bale bol dete h 94 ya 95 % mila lekin 1 crore bala sara decline ho jata h ek video is par v bnaye

Agreed with everything said here. But, as per my knowledge, there is no indexation benefit on debt mutual funds anymore (Finance Bill 2023).

Healt insurance पर भी वीडियो बनाइये

Bahot late kar Diya ye video banane mey ... Jab Insurance companies dabake beche last year... Still thanks for the video 🙏🙏🙏

pls cover finology n use of it for new joiners/ followers. i m intrigued with it. its helps true that Mr.Pranjal.

Which term plan is best?? Kindly advise me, I am looking which one is good

Mujhe bhi ye chiz kuch hi mahino pehle samjh aayi.. Mai khud LIC advisor hu. Ab dekhke lgta hai kya kr raha tha mai

Sir , 8000 monthly premium me minimum risk cover approx 20 lacs normal 40 lac Accidental me hai mere paas Jo ki. har saal badh bhi raha hai

Hi Pranjal, can you pls help understand LIC policies, there are not much good videos explaining them on youtube. I am specifically concerned about Jeevan Lakshya (833)and New Jeevan anand(815)

I understand the fact. I really like the contents by Pranjal. But I have a query. Theoretically MF's value can be zero. Even though we consider it will not be zero, in case of inflation, it might give you a lesser return. So for a safer side why don't we choose 1-2 endowment plan?

I have been hearing negative comments about endowment policies from ages. I am an SBI employee and I know how this plans can give you benefits. Honestly speaking, this is more beneficial for 30% bracket people who are intending to save taxes through 10(10D) deduction.

U r more authentic and transparent in ur videos now

Mr Pranjal... Suggest your best plan which can fullfill the Risk cover of person life. As per HLV Calculator a insurer should select SUM ASSURED 25time of annual income. Where is wrote in other sources of investment, they will return fixed amount. Example .. in Covid period debt fund also sinked.

Video of 22 mins uploaded 1 min ago. And someone commented nice explain 😂. Pura dekhe bina hi comment. I know PK accha hi explain karega.