Ultimate Guide for Term Insurance? Must Watch!

No one ever thinks about what will happen to their home after they are gone Because this question is a bit uncomfortable But in any case it is certainly necessary somewhere We maintain it every day And we pay our EMI's from our income Children's teeth fall ou They do everything for their family But if something happens tomorrow Will all these things continue They will definitely keep moving forward If you have taken term insurance the But the bitter truth is tha But you don't need to take any such tension Because in this video we give full details in detail Talk about point to point in detail about term insurance And we will understand in simple language Everything you should know about This is not a video with a list of top 3 plans In this video I will show you everything completely I will explain what term insurance is Who to take how much coverage to take How long should the tenure be which riders must definitely take And the most important common mistakes They can put your family's future at risk And for creating this entire guide I used the ditto insurance website and their comparison tools to find the one that suited me best I'm going to tell you exactly what's completely updated And be accurate but all this talk is just empty words Before we start let's begin with one Look the average family monthly expenses in India today are 50 000 One hundred thousand rupees but if earning If the member is not there where will this expense come from Everyone says FD or savings But they will only last a few minutes then they'll be gone What's the story Let me tell you a real story A 35-year-old in Bangalore Rohit was working on a job and I was living happily with my wife and two children The company where he worked was from He was given a term cover of 10 million He had not taken any term cover Just an accident happened and that's all It's all over after he left He was given 10 lakh rupees bu Their annual expense was 8 lakh rupees Within a year the money will be gone And then everything went wrong car jewelry You don't get such things by just telling someone They say term insurance is not optional it' s an essential thing it's nothing like that It is not an expense but a responsibility Term insurance is essential that is a fact Got it now understand term insurance What happens is that term insurance is a simple contract If the insured person dies during the policy term the nominee shall be entitled to No investment no maturity value pure protection plan The logic is simple you have your ow You are securing the future income of the family As if today you had a lakh of rupees But if you are still waiting in the next 20 years You earn an income of 2.4 crores term insurance It ensures that if something happens This Jadhur covers all types of death coverage illness accident or natural causes It's just some things that can't be covered They come in the next section What term insurance does not cover Suicide in the first year policy o Claims for suicide can be rejected within the first 12 months If the nominee is involved then the role of the nominee in the death of the policyholder Money will not be received criminal activity alcohol drugs if death from an illegal act It was caused by intoxication no claim will be accepted these rules Almost every company has the same problems Who should take term insurance now Straight answer to every person who has Someone else's financial dependency is Their life remained secure even after you Therefore taking term insurance makes sense How much does it cost to take out term insurance This depends a lot on your age If you take a term plan at an early age Then premium is always a bit lower A 25-year-old can get a cover of 1 crore Only 500-700 rupees per mo Same plan would cost 1200 plus per month if he takes it at 35 Time is the biggest discount It's amazing that with so little money your family's house rent EMI and school fees Everything becomes secure Now that you understand what term insurance is You will go to take out term insurance Then their most common question is always this The general rule is that your term insurance Your annual income should be 20 times that amount For example if you You are earning 10 lakhs annually It should be at least 2 crore in term insurance But now when calculating the cover It includes your existing loans kids education fees kids marriage in future It will also have to take into account factors such as inflation As if you have a home loa To calculate this easily Ditto has a calculator you can use You can freely copy the call book It will be found in the link description Another point the premium is lower but the benefit is less They explode exponentially because 500 rupees You can get more than 1 crore coverage by paying extra For lifetime peace of mind Nothing is covered amou Once taken it cannot be extended And this is a big mistake people make Many people make a 10-15 year pla Thinking that after that it would be Savings will be achieved then what is the need for term insurance But in my ideal case you should have a policy until That means the policy tenure should be maintained until your retirement age Because by then the children have become independent Home loans have become more accessible And retirement corpus is also ready If you are 30 years old from this Isabase And if you work until 60 a 30-year tenure will be correct After understanding tenure let's talk And they are riders what is a rider a rider is an extra benefit that you You can add it to the basic plan The most important rider is included in them A critical illness rider that covers major diseases such as cancer heart attack It is a lump sum payout Then comes the accidental death benefit rider In which case it occurs due to a death accide Then you get an extra amount If you become disabled or your income is terminated Then the premium insurance company pays in the case of accidental disability You and your family receive a regular monthly income People often avoid riders thinking tha Extra money will be needed but these are the factors that make the difference at the time of the claim ext part common mistake that people make We take a cover for five minutes and think that's enough Norman never tells policy details The biggest reason for claim rejection is incorrect or incomplete information Always remember insurance company only whe Money will be paid when you have told the truth term insurance is not a financial product There is a promise a father's promise They will not stop the children's dreams A husband's promise to his wife No one will have to stretch out their hands in front of anyone else And a son's promise that his parents will There will never be any financial difficulties for treatment Today we offer EMI for every Jeez But they don't offer EMI for peace of mind That is the most important thing Here comes the part where Confusion ends with Jada's plans Jada's options and each agent's different Suggestions are quite popular for this reason Delaying things and that is exactly what is needed Ditto is a platform where you can No sales pressure here There 's no commission-based pitch You are being explained the plan the cover And the best riders are for you Choose a term plan or health insurance Ditto's advisors will make it simple for you They provide a transparent compariso And the biggest one after taking a policy on Ditto The big claim guides you at the right time Today if you are watching this video Then maybe you're seriously thinking about your family Just one request change this thinking into action as well For their family not for themselves Take 10 minutes check how much coverage is needed The Conza plan is correct and also talk to an expert for free on Ditto