NEVER buy the same Health Insurance as your parents - Here's why!

NEVER buy the same Health Insurance as your parents - Here's why! | Ankur Warikoo Hindi Video

Рет қаралды 344,954

3 жыл бұрын

How to buy health insurance for your parents?
What are the key things to keep in mind while buying insurance?
Why should you NOT buy the same insurance plan for your parents, as yours?
Welcome to part 3 of the 6-video course called The Complete Guide to Buying Insurance.
To browse through Term life insurance plans on PolicyBazaar, please click - bit.ly/3eHkZrk
To browse through health insurance plans on PolicyBazaar, please click bit.ly/3dgKQmH
In Part 1 and 2, we covered basics of insurance: • Basics of Insurance | ...
and understanding Life Insurance: • Understanding Life Ins...
To view the notes for this video, please visit bit.ly/2Ws0HJq
In this video, we will discuss how to decide the right insurance plan, specifically for our parents. How is it different from a family floater plan? What are the different factors to look at while selecting a plan that suits our parent’s needs?
We'll also understand why having an individual plan over and above the corporate plan that we might already have, is important!
And finally I will walk you through the step by step process of buying a health insurance plan for your parents on PolicyBazaar.com - where we also get to compare the different plans and pricing for making an informed decision.
If you have any questions, I’d be happy to answer them in the comments section below!
The Complete Guide to Buying Insurance is in association with PolicyBazaar.com as my knowledge partner.
#warikoo #insurance #policybazaar
Click here to subscribe to my KZfaq channel: shorturl.at/bizNX
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on KZfaq, LinkedIn, Instagram, Facebook and Twitter amassing a following of 2.9Mn+ people.
He posts 3 Hindi and English videos every week on his KZfaq channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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Пікірлер: 519

@warikoo 3 жыл бұрын

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

@argajit 3 жыл бұрын

Hi, Ankur sir I just saw your video on Stocks investing in Kite. There you had mentioned IND Money to track your personal finances I would like to know if it is safe to provide them our Email access. If there are some Security Breaches at IND Money there can be a Data Risk! Can you make a video on it?

@aratrika100 3 жыл бұрын

Great value addition. Thanks Ankur 🙂

@sanjanind 3 жыл бұрын

I have corporate plan and there is no waiting period for my parents, if I go with new plan then will they cover existing diseases without waiting periods

@warikoo 3 жыл бұрын

There will be a waiting period. More of a reason why you should go with your plan right away

@islamiilm2092 3 жыл бұрын

Hello Ankur, thank you for this information I have one question... What about the OPD charges for parents i think u did not cover it completely in PED. For example are my parents are old and like every indian they have BP and Diabetes... On a monthly basis they incur around 5K of medicines per month. Is there any insurance company in your sight that covers this as well? I am a corporate employee and my corporate plan covers this... But there is a cap of 10K for it. I would consider myself lucky if I could get a reply from you. Thanks, Samir

@ankitha4797 2 жыл бұрын

Points to consider : -No capping on room rent -Post hospitalization expenses cover -Pre existing diseases (PED) cover for a year -Don't choose family floater plan with parents -Transfer corporate to personal plan to include the reduced PED time -Insurance is only for critical situations - don't use unnecessarily

@leaquatali0379 2 жыл бұрын

Perfect 👍

@mayurkakkad007 Жыл бұрын

thanks a lot for summarizing precisely

@soumyajitdey5720 3 жыл бұрын

God has sent this man just to educate the youth, isiliye astrophysics me Phd nehi ho paya. There's no other reason.

@shaimanshaikh6815 3 жыл бұрын

*astrophysics, but koi ni. Bhavana samaz gaye😂

@soumyajitdey5720 3 жыл бұрын

@@shaimanshaikh6815 😅😂 sorry..change kar diye hae 🥴

@dustyMehul 3 жыл бұрын

You are innocent if you feel that Aggregators like Policy Bazar will not promote one policy over the other. 😄 Happy Learning.

@atleastthreecharswide 2 жыл бұрын

This is true. But, policybaazar is quite good at discussing with you all the different plans. I have very good experience buying Life and exploring Health insurance.

@arpankumar3218 2 жыл бұрын

True

@palakondarayuduuppu6420 2 жыл бұрын

Yes, they promote every product if you call for one, and one more is no clarity on their own terms and conditions of policy. They sell any policy but during claim we get 10% only if we do higher policy. 🤨🤨

@siddharthsheth7456 3 жыл бұрын

Quite Insightful! You are actually touching the future by educating millions!

@warikoo 3 жыл бұрын

Thank you 😊

@anishraj3462 3 жыл бұрын

Me at age 21 in college, planning all my expenses while doing a job, through this video... :). Thanks for the head start Ankur..

@Shruttiiiiii 2 жыл бұрын

Samee here

@anishraj3462 2 жыл бұрын

@@Shruttiiiiii Great to see someone else from my age planning early too :)

@Shruttiiiiii 2 жыл бұрын

@@anishraj3462 I need to ask which insurance you got ? and should we really trust buying online

@anishraj3462 2 жыл бұрын

@@Shruttiiiiii Hi Gayatri. Sorry for the late reply. Unfortunately, I haven't gotten anything yet.

@Shruttiiiiii 2 жыл бұрын

@@anishraj3462 okay

@PaudingDisuang 2 жыл бұрын

Thank you. Of all the financial KZfaqr, I gravitate towards you the most as you give the most practical and clear picture which is easy to easy to understand. It's probably just me but other KZfaqr's videos are very vague and does not present a clear picture as you do.

@Scramblerwalayash 3 жыл бұрын

Being a 19 year old student I find your videos very educative for future planning.

@user-jc6te1vm8v Ай бұрын

Yet to see a host better than him presenting stuffs and ensuring alongways nothing gets skip ... Appreciation for your efforts sir

@medhabhardwaj5897 3 жыл бұрын

I was planning to buy insurance for my mom dad and here is your complete guide 💯👍

@IrfanKhan-gk7oi 3 жыл бұрын

If you want buy health insurance will help you ...I am a agency manager is max Bupa health insurance

@dddiya20 2 жыл бұрын

Haii

@DipakKumar-kl1gn 3 жыл бұрын

I always watch your all series & i love the way you convey them. It directly connects our heart. You are doing a great job. May god bless you always 🙏🙏

@harleen6122 3 жыл бұрын

Bajaj Alliance is worst, they promised to post-hospitalization but don't approve the full amount

@virenderbhat6906 3 жыл бұрын

Very much informative and a good guide for purchasing health insurance for any one who is a layman in this field. A noble service to community. Usually people end up buying costly plans. 👍👍👍

@anirudhatalmale5575 2 жыл бұрын

This video was super helpful ... Just a small advice - always remain honest to your viewers

@vikassinghescapist5558 3 жыл бұрын

I have learnt so much from your videos and while watching your videos I feel you should never stop speaking, matlab aap bolte raho video chalta rahe, no endings, offcourse on 1.5 speed 😄 Great work...

@sunnyb1638 3 жыл бұрын

And today i was to enroll my parent for corporate medical insurance and you shared this..i know by the end of the video,I would be sure about what needs to be done.more power to u

@vishadpawar7262 2 жыл бұрын

This is my first time in this health insurance field and by only this video i cleared all of my points, no daught no 2nd thought and offcourse no issue to purchase policy - thanks to policy bazar.

@VISHWA2Allinoneindia 2 жыл бұрын

मैंने कई वीडियो देखे हैं लेकिन सब कुछ उड़ गया। यहाँ बहुत अच्छी तरह से समझाया गया है

@jjp_in 3 жыл бұрын

I was sad because I missed to add my parents in corporate insurance and had no clue about insurance for parents.... This video was something that I was looking for.. Thanks sir... Very informative and need of the hour video

@abhisheksutar8784 3 жыл бұрын

This man is preparing me for the real world more than anything ❤️

@conveticnetworksprivatelim7650 3 жыл бұрын

I am really amazed by having your this video and right now I subscribed plan for my parents.

@VanyasWonderland1234 3 жыл бұрын

Hi..Mr. Warioo I would like to congratulate you for doing amazing videos and helping people who really need these valuable knowledge. And your smile is really infectious😍

@vinodchoudhary4239 3 жыл бұрын

Sir 10000rs per month ke liye budgeting ki video banaiye sir plzz

@nikhilhalbe 3 жыл бұрын

bhai basic toh clear hai atleast 4 thousand rupees invest kardena in equity for long term

@vinodchoudhary4239 3 жыл бұрын

But without increment

@nikhilhalbe 3 жыл бұрын

@@vinodchoudhary4239 koi baat nahi start kardo increments kabhi na kabhi hogi hi future mai

@akrshn_10_7 3 жыл бұрын

Bhai apni strategy khud bnaaa koi itni achi trha nhi btaye ga jitna tu khud bnaye ga apni strategy yeh bhi tho khud try kr k hu sikhe h bs video dekh aur apna mind khud chla follow mt kr unki bt puri trha see

@hkartbox142 3 жыл бұрын

Yes..

@enscebose8466 3 жыл бұрын

You are putting good work out there man for the generations to come. Sending good wishes to you and your family.

@tusharghanti1309 3 жыл бұрын

The content on this channel gets better and bettet each day ... he helps to cover every financial aspect of life.. be it investments or coverages

@albertishu9066 3 жыл бұрын

Thank you for covering every Essential topic comprehensively... Appreciate your efforts ❤️

@supriyo89103 2 жыл бұрын

Brother, thank you Dilse, Love from Kolkata, this whole series has taught me a lot and especially buying insurance for my parents. :)

@janisvaz3880 2 жыл бұрын

Amazing video. You answer almost all questions we youngsters have. Thank you for these videos!

@sunnywadhwani1996 3 жыл бұрын

Sir this was a much needed video. I was very confused on choosing the right health insurance for my parents but you have made it very clear. Gen Z is really lucky to have people like you who can guide us correctly.

@anuradhagupta9234 3 жыл бұрын

If you willing to buy an health insurance policy I will help,I am working in I icici Lombard

@samitjena6272 2 жыл бұрын

Great piece of information, I was exactly looking for this. It cleared many doubts which i had before. Thank you..

@tejassontakke8382 3 жыл бұрын

Thanks for explaining in detail with simplicity. Waiting for upcoming video on the same topic.

@AbhisekkVashisht 3 жыл бұрын

Hi Ankoor, Please make a video on how to choose your vehicle insurance. It's mandatory to have one and plenty of options are available.

@anoobfrancis6613 3 жыл бұрын

In corporate policy generally, the ped is covered from day one. That's what I knew when working with Bajaj Allianz general insurance.

@Rishabh-kj2ed 3 жыл бұрын

Thank you for educating us about what's important!!

@ZubairAhmed1024 2 жыл бұрын

just what I needed. Thank you for everything.

@anshagarwal9826 2 жыл бұрын

There is 1 in million who helps people with such an ease.

@ciasma_xavi 2 жыл бұрын

Why am I so envious of the way how successful people's effective speeches seem so effortless?

@gurpreetsinghsandhu3149 3 жыл бұрын

Thank you for such an important knowledge piece Sir! Insurance buying is somewhat crafty.

@sunildamle6871 3 жыл бұрын

Lucidly explained how to select Medical Insurance plan ❤️

@anoopalok9145 3 жыл бұрын

Sir please make a video on SIP, from starting a SIP to ending a SIP, pros and cons, IT tax , deduction, everything about

@sateeshpateel 4 ай бұрын

NIce and clear explanation. Thank you for the information which cleared most of my doubts

@mukulsingh9609 3 жыл бұрын

Very insightful. Could you please cover how to transfer corporate plan to individual plan before leaving the company.

@user-bt6ei4bv3q Ай бұрын

thank you for the helpful information. You cleared all of my doubts.

@optimisticsoch2150 3 жыл бұрын

Thanks sir for such videos . Blessed to have you as our Guide 😊❤️

@mrinalrikusarmah4501 Жыл бұрын

That's so so good guide for everyone.....Love you sir...from Assam ❤️🙏

@Rishabh-kj2ed 3 жыл бұрын

As a 17 years old i love to watch your videos!!

@amitdubey986 3 жыл бұрын

You are lucky to have such guidance at this age.

@barjindersingh5444 3 жыл бұрын

I am also 17 years old

@mayanks8406 2 жыл бұрын

@@barjindersingh5444 i am 16

@kartikeyasharma9738 3 жыл бұрын

Thanks sir for sharing your knowledge with us . This video is very knowledgeable

@make_the_way Жыл бұрын

Sir Thank you! ... Thank you so so much for clearing every doubt I was willing to take a plan for my parents but I didn't knew about the facilities that I look for...u gave me every solution...so Thank you so much... Love & respect ❤

@nikhilpmankar 2 жыл бұрын

I think there is Copay and Deduction as well. If I choose Deduction of 2L, it significantly reduces my premium amount. In that scenario, is it compulsory to pay the deduction from my pocket, or using another insurance policy pay for it would be acceptable?

@MohitSinghRawat 2 жыл бұрын

Loving your way for simplifying the things.

@RahulRoy-qc8jy 2 жыл бұрын

Hey, Ankur! Thanks a lot for these health insurance videos! I just had a question, would be really helpful if you can give some insights on it. So actually my parents have a governmental medical coverage (my dad being a government employee). Is there anyway to transfer or port that to the insurance coverage I'm planning on buying for them? Thanks!

@devyaratnauikey 3 жыл бұрын

Thank You Sir Ji. You gave wonderful knowledge to me.

@ajai_dubey 3 жыл бұрын

Thank You for Sharing. ❤️ This sharing felt like real caring. : )

@sankalpmishra8849 3 жыл бұрын

This series is really helpful 👍👍 please make more such series on other topics also

@user-yash-raj 3 жыл бұрын

This video is also about health insurance that is also curious .... definitely amazing concept....I have a question( high deductible policy) and what does mean....thanks a lot sir jee.....

@xmrkkr 3 жыл бұрын

Hi Ankur Please make a video on whether to invest in child education plan or invest the same amount elsewhere to get better returns say after 15 years.

@daviddunmer3889 2 жыл бұрын

I know we all give in to temptation sometimes. Here is hoping that you are more careful with influencer marketing like in the case of Vauld, going forward. I know for a fact that you will NEVER defraud anybody or promote something you know to be false. But we all make mistakes in judging companies sometimes. This series has done a lot of good for a lot of youngsters in India.

@ManishKumar-xp5fp 3 жыл бұрын

Sir I did not understand the PED part that you mentioned in the video of a waiting period of 1-4 years. Would you please explain it once??

@kunalsethi4999 2 жыл бұрын

Thank You Ankur Bhai. I really didn't skipped any part of this video as it was well explained. Thanks once again :-)

@dipakpoojary6618 2 жыл бұрын

Great ❤️👍 Waiting for complete guide for health insurance

@vgopal28 2 жыл бұрын

I felt you should have covered about the copay which is very important aspect for the senior citizen plans

@chayagp5561 2 жыл бұрын

Thank you sir , it was a detailed viedio and maximum doubt cleared for buying policy for parents

@SatishKumar4919 Жыл бұрын

Great work sir! thank you so much for this information.

@vijaynathani5429 3 жыл бұрын

Much needed sir yesterday I was searching for the same.thank you

@abhisheksharma21387 3 жыл бұрын

Hi Ankur - quite insightful though I am wondering why you didn't cover the deductible plans here especially for corporate employees who have their parents covered for a minimum amount? It saves you a great deal of money!

@amitjaiswal781 3 жыл бұрын

Thank you sir for such a knowledgeable video .

@tashupreet3920 2 жыл бұрын

Sir u really made me to think in another way before picking health insurance for parents.... What about emi at 0% in paying off premiums plz suggest

@tech_wizard9315 2 жыл бұрын

Things to Include in health insurance for parents:. 1)Hospitalization Expenses: Make sure there is no capping on room rent of hospital 2)Pre and **post hospitalization Expenses( after hospitalization: 30-60days) Day care procedures Domiciliary procedure (ghar pe jo b cure horha hai example during COVID) Pre existing illness 20:00

@nipungupta2866 3 жыл бұрын

Hello Sir! The video is really useful. Is there any way to skip myself out of a family floater plan and let it run for my parents as its waiting period for pre-existing diseases is almost getting over.

@garikipatideepthi2240 3 жыл бұрын

Thank you so much for making this video .I have been waiting for this health insurance video after your life insurance video.i am about to take the health insurance for me and my parents few days back but I m just waiting for your video and what it's suggest about helath insurance.fortunately I didn't take the insurance yet.otherwise it is a such a waste If I take family flaot policy. You are just soooo nice in explaining .you are the reason for what I started investing in stocks and again you are the part of my decision making in taking helath insurance policy for my parents.i m sooooo great full 😊😊😊😊😊😊

@VIKASKUMAR-ti5wp 2 жыл бұрын

Thank you for the info, It cleared many doubts.

@RajveerSingh-rv3fx 2 жыл бұрын

I watched all the insurance series for class 11 commerce chapter all concepts cleared 👍👍 Thanks sir

@rishavroushan 3 жыл бұрын

Warikoo Sir ,A Video On NPS Pension Scheme will be great ...Thanks

@AbhishekRAJ-tr1zn 3 жыл бұрын

Thankyou sir, Super topup plans are good over regular plan or not ? Which should anyone prefer ?

@parameswarchatterjee6388 3 жыл бұрын

Very needed video. Thankyou sir🙏

@simranbharnuke9078 2 жыл бұрын

Vey Informative Video.. Keep up the Great work

@karanagrawal2047 2 жыл бұрын

Hi Ankur, Great Video series I got to know so much. I need you suggestion on this may be you can come up with video, this is about high deductible/ super top up health plan specially for parents. What's your opinion on that.

@hrushikeshpanchwagh8821 Жыл бұрын

Thanks for such a great video. Do we get timely support if we go through policy Bazar?

@kvtechvarshney5179 3 жыл бұрын

Great video sir... Really needed this one!

@navinsatya732 3 жыл бұрын

Great content Ankur. Thank you

@santoshchoudhury852 3 жыл бұрын

Could you please provide us the insight on high deductible plans which will be very helpful in Covid like situation which is more likely to come in upcoming years?

@dhananjaypardeshi8803 2 жыл бұрын

Thanks for Best guidance

@priyanshumishra3107 2 жыл бұрын

Thank you, sir. Helped a lot.

@sudarshanpawar2802 Жыл бұрын

Perfect explanation Sir

@pramilakumari4422 9 ай бұрын

Thank you Ankur , this video is really very helpful

@sharalchalse2398 3 жыл бұрын

Thanks for providing notes 🤗

@Akdxori 3 жыл бұрын

🤙🏻Ankur Sir I waiting this vedio from whole week

@SrikarReddy1993 2 жыл бұрын

Thanks a ton for putting in the effort of creating such useful videos Ankur. Much appreciated! Knowledge is Power!

@AnshumanMitra1 3 жыл бұрын

Great video as usual, only one issue "Policy Bazzar". Once you put, your mobile No., They will make our life hell by calling again and again.. if , we select the option-we dont need help then also. i think Policy bazzar & Bank bazzar are the biggest spammer in True caller list.

@munasahu4879 3 жыл бұрын

Thnq sir .. 🙏 your videos always teaches something new

@saiakshaya.n2858 2 жыл бұрын

Very helpful. Thanks warikoo :)

@mayuriparmar8119 2 жыл бұрын

It is very helpful 👍 thank you

@nileshshegokar4146 2 жыл бұрын

Thank you so much for explaining about health Insurance

@pratikdeshmukh741 3 жыл бұрын

I guess there is also one more point we need to consider, NETWORK HOSPITALS (IN A NEARBY VICINITY)...very very important..

@abhijitshetye9432 2 жыл бұрын

One question.. whether taking 2 separate policies give higher commission or income for policy bazaar? Plz clarify that in the video as well..

@anjankumarmj01 2 жыл бұрын

Thanks for the video Ankur.

@theconfusedguy7859 3 жыл бұрын

Hiii Ankur sir ❤️ I luv ur content ❤️❤️❤️ i wanted to ask you a question I m 17 and at present I have 40k in my bank ac so I was thinking that I should invest 10k of that in smallcase with monthly SIP and 15k in FDs ya I know you don't like FDs 😅 but I cannot put all of my money into stocks some I have to store so instead of keeping it in my bank ac what if I keep it in a FD What are ur opinions sir 🙌 ??

@shubhamkotiyal3708 3 жыл бұрын

you make me excited for taking insurance

@cms4460 Жыл бұрын

Apka video kafi helpful laga hai. But, ek question hai meri aap se. Kya hum parents ke liye basic + top plan simultaneously achha rahega? Agar basic +super top up plan eksath lete hai to uska pros and cons hume please bataiye. Thanks