saucy
TF Legend
Insurances are hard to understand, harder to decide which one to buy.
Here is some Paki pakai khichdi🥘 if you want help to make it easier
1. Buy it keeping in mind, that your aim should be not to rely on insurance but on creating wealth. This is a backup☠️ if you fail. Insurance is paidout in case you die before 60(insured age), and useful only if you've not gathered wealth till then (yani *age 60-65 tak rakhna) (keep age of coverage 60-65)
2. Go for *2 crore cover* -- it would be around 20lakhs worth *35 years* from now. 💰📉📉
3. Buy only the plain policy, no add on.🚫 Baki apne hisaab se toh dekh lo according to your need. (You're the best judge of your needs)
Especially avoid the "accidental death rider" - that's just their way of selling same insurance twice.
4. Buy *before your next budday*🎂, warna prices badhti hain (or prices 💹💹)
5. Good companies - max hdfc and tata (i chose max, because their amount insured to payout ratio is best)🌟
6. Annual payment is 4-5% cheaper.
But credit card 💳 + nifty = profit💹✨ se i guess aap jada nikalwa sakte ho if you're into that kinda thing. Plus time value. 💸
7. Tax benefit covers medical insurance, NOT TERM LIFE INSURANCE 🚭... Ye 80c me aata hai, so... Waha ka amount Bach Raha hai to ye use kar sakte ho (Mutual fund are a better choice) *dhoni emoji - mutual fund sahi hai* (pro tip - the BEST MUTUAL FUND (99.9%) IS NIFTYBEES (nifty index fund) )
8. Ditto (backed by Zerodha) is a good way to not share your number and still get the info you need. I would highly recommend connecting with them.
I used Ditto - as they actually helped me collate different KPIs and compare before buying insurance. They did not charge anything. Benefit was that now i can directly connect with the insurance company, OR pressurise via Ditto in case i need any help
Final words?
-Ensure you have good amount of savings, and *always* have some liquidity. 🪙
-SIPs are a must💯, insurance is a backup.
- ASK silly QUESTIONS, stay curious ✨
And a default answer is:
Lelo.. you aren't getting any younger. Agar sarkari Naukri karne wale ho to alag baat hai.. wasie to tab bhi le hi lo, it's not a big cost.<20k a year, But a safe bet if people depend upon your income . Medical aur term hona chaiye. Shadi karne ke baad lene jaoge to aur mehenga padega🤣🤷💰
Here is some Paki pakai khichdi🥘 if you want help to make it easier
1. Buy it keeping in mind, that your aim should be not to rely on insurance but on creating wealth. This is a backup☠️ if you fail. Insurance is paidout in case you die before 60(insured age), and useful only if you've not gathered wealth till then (yani *age 60-65 tak rakhna) (keep age of coverage 60-65)
2. Go for *2 crore cover* -- it would be around 20lakhs worth *35 years* from now. 💰📉📉
3. Buy only the plain policy, no add on.🚫 Baki apne hisaab se toh dekh lo according to your need. (You're the best judge of your needs)
Especially avoid the "accidental death rider" - that's just their way of selling same insurance twice.
4. Buy *before your next budday*🎂, warna prices badhti hain (or prices 💹💹)
5. Good companies - max hdfc and tata (i chose max, because their amount insured to payout ratio is best)🌟
6. Annual payment is 4-5% cheaper.
But credit card 💳 + nifty = profit💹✨ se i guess aap jada nikalwa sakte ho if you're into that kinda thing. Plus time value. 💸
7. Tax benefit covers medical insurance, NOT TERM LIFE INSURANCE 🚭... Ye 80c me aata hai, so... Waha ka amount Bach Raha hai to ye use kar sakte ho (Mutual fund are a better choice) *dhoni emoji - mutual fund sahi hai* (pro tip - the BEST MUTUAL FUND (99.9%) IS NIFTYBEES (nifty index fund) )
8. Ditto (backed by Zerodha) is a good way to not share your number and still get the info you need. I would highly recommend connecting with them.
I used Ditto - as they actually helped me collate different KPIs and compare before buying insurance. They did not charge anything. Benefit was that now i can directly connect with the insurance company, OR pressurise via Ditto in case i need any help
Final words?
-Ensure you have good amount of savings, and *always* have some liquidity. 🪙
-SIPs are a must💯, insurance is a backup.
- ASK silly QUESTIONS, stay curious ✨
And a default answer is:
Lelo.. you aren't getting any younger. Agar sarkari Naukri karne wale ho to alag baat hai.. wasie to tab bhi le hi lo, it's not a big cost.<20k a year, But a safe bet if people depend upon your income . Medical aur term hona chaiye. Shadi karne ke baad lene jaoge to aur mehenga padega🤣🤷💰
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