Many of our Relatives tries to sell Insurance to us, by showing how much discount we could get if we buy the Insurance from them.
And as we have a faith on them we end up buying that, but is it really worth it…? Let’s see.
Your Relative tries to sell you a Term Life Insurance with a cover of 1cr with having 2 options:- (Assuming 25 years old person)
🔸 Option 1:- ₹15,000 a year for next 30 years
🔸 Option 2:- ₹55000 a year for next 5 years only
You do some math and found that
1. If you choose option 1, then you have to pay 15000 × 30 = ₹4,50,000 in next 30 years
2. And if you choose option 2, then you have to pay 55,000 × 5 = ₹2,75,000
So basically you’re actually savings ₹1,75,000 (4,50,000 – 2,75,000) if you choose option 2.
🔹But the catch here is there is an opportunity cost Involved, which you loose if you go for option 2.
If you choose option 1, you’ll save around ₹40,000 a year(55000 – 15000) for first 5 years and you could Invest this 40k every year for first 5 years in an equity mutual fund for next 30 years i.e till your tenure of Insurance.
So at the end of 30 years your Investment of first 5 years(i.e ₹2,00,000) would become around ₹29,10,462 assuming with just a return of 10% CAGR.
And even if you set off extra ₹1,75,000 with this (i.e which you have paid in choosing option 1), you would still have a corpus of ₹27,35,462, which you would loose if you go of option no. 2
Be it Relatives or agents, they always try to sell you that Insurance in which they earn the most in commissions. It’s better to do proper analysis before buying any of that😉
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#insurance #lifeinsurance #relatives #savemoney #investingforbeginners #personalfinance #moneymangement #financetips
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Am not your subscriber anymore bye bsdk
If your ego barks my attitude roars
How rude you are
Patla dank rishu
What if you don't get returns in mutual fund
Bhai insurance agr investment alag alag chiz hai ya to apko malum nahi kuch bhi ya apne kabhi 1cr insurance clam kbhi dekha nahi
Bhai shorts se earn hote hain apke
Just 10 percentage . Kidhar hai bhai ye
Tum jese chutiyo ki vajha se negative marketing hoti h.. jab 5 year payment and regulay pay ka difference nai pata ho to gyaan nai dena chaie.. tumhari useless thoery pe nai chalti h duniya , practical things matter. Or saare gaon se log tumhe hi chuna lagate h kya chama chutiye
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Big Fan Sir. Unfortunately I joined in bank recently. Can you suggest some tricks regarding recovery from NPA customers.
Demat account annual charge kyun? How to solve it
Mutual fund me insurance milega kya..?
Sir i need a help in case of Flipkart paylater refund
agr marital affair ho kisi ki wife k toh ??? Divorce k time ky condition hoti h ? Property or salary k 50-50 tb bhi hota hai ky ????? Make a video on it
One question sir how to say no to bank employed
Sala chutiya galat term insurance chipka raha hai
Asli me itna antar ni hai I have to pay 900 per month if I opt for 1 cr till 60 and 1580 for cover till 60 but I have to pay for 10 years.
I did not find this difference too much and then I do not think I will invest the remaining balance amount in an SIP rather I will spend.
I have 1 term plan for only 5 pay & after 40 year you got mutual fund refund after 40 years.
Bro mere bhai ne 2015 mein life term insurance lia tha 20 years ke liye par ab usko insurance close karwana h toh LIC agent bol raha ispe penalty lega.
Please help us.
Ek video fasal bima k uppar bhi bnao ❤
chuitya hai ky bee..fake video
Bhai insurance Lena hi kyun poora Paisa MF me daalna, aur ek term insurance lele
Bro har bar. Dusro ke nitche na dikhao agar vo relative h so, sab ko earn karna hota h. Agar app har ye cheaz bta do GE so app baki logo ke ghar me electricity band kar re ho . Also no hate 😊
Can the government suddenly ask for house tax within 8 days after more then 15 years. They didn't even inform my parents to pay tax for committee shop and suddenly they are asking them to pay it….. Can you please tell me if it is right or wrong for them to do so……. 🙏🙏🙏🙏🙏
I want to know about funds saving plans
Bro but agar tum 5 saal ke bad bhi agle 10 saal invest Karo to bhi phir loss nahi hoga.
Tejas bhai Aaj Mere College DN ne Mera admission admission cancel karne ke liye bola hai Kyunki Main class Mein Jab Voh check karne aaye only mobile use kar raha tha isliye unhone cancel karne ke liye bola, Mujhe Kya Karna chahie please help me bro
Your videos are so informative and good.
I wish you all the very best for your future endeavours.
Keep up the good work👍
How much chuna you do use? Just providing outline.. We should be careful about your half information.
Tejas Joshi never fail to give most Important Imformation and stay safe from scam.
Thank you Tejas Joshi.
DID EVERYONE UNDERSTAND THAT MF= MUTUAL FUND NOT MOTHER-😂😂😂😂
We need those glasses…
I got message from ur account on Instagram. It is fake or real ??
bhai mutual fund me dathe sumassurd Kha he
Bhai inflation bhi dekhthe he
You are saying wrong that save around 2900000 becoz in 1st 15000 will paid for 30 yr
. You don't include that payment. The loss is about 11 lacs. Correct it
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mutual funds are subject to market risks
2GB ram