Financial Advisor/Insurance Manager

24/01/2019

GET WHOLE LIFE COVER 99 YEARS TERM INSURANCE.

* This is 'online insurance policy" so premium is less compared to offline insurance policy.

* Life cover till 99 years, Family gets full sum assured in case of death of insured.

* Low premiums and high cover is the biggest benefit of term insurance plan.

* Income Tax benefits + TAX FREE RETURNS.

* Death by any means is covered in this policy.

* Terminal illness is covered.

Suppose MR. "A" takes a policy of 4 crores in 44th year and pays 1lakh premium every year.
He dies at 75th Year.
Total Premium paid to company 26lakhs.
The benefit received on death 4 Crores.
Think of future inflation and benefit that your family can get due to your policy investment.
A 2bhk flat in Mumbai might cost 3-4 crores in coming 30 years, Many jobs will be wiped out with automation. Take this wise step now and make reserves for your family's future.

Contact Ashish Ashok Desai
Insurance Manager
PNB METLIFE
+91-9657569256.

27/08/2018

Buy Top-up Health insurance plans if you require separate health insurance apart from that given by your employer. Top-up plans are way cheaper than a fresh health insurance plan and offer flexible options.

A top-up health insurance policy carries a deductible, which makes it significantly cheaper than a standard mediclaim product

20/08/2018

on and policies. Read the below article to know the same.

Buying a mediclaim early has its own benefits.

---> Very Less premium
---> No waiting period
---> All illness will be covered
---> Long term buy will give discount on premiums
---> Saves from unforeseen financial disaster.

15/08/2018

Such Unfortunate incidents happening everyday..!!!

Buy a good term plan now and Mediclaim to protect your family's financial future.

03/08/2018

Care Senior Mediclaim plan from Religare.

---> 40% Less premium than all other mediclaim companies for senior citizens.

---> Cashless Mediclaim facility and Direct In-house claim settlement. No third party TPA involved.

---> More benefits than Star health and other companies. 20% co-pay as compared to 50% of Star.

---> Free Health check up once in a year to all insured members from 1st year itself as compared to free health check up from 4th year of Star Health.

---> No Claim Bonus if there is no claim during any year. Get upto 150% increase in your sum insured for same premium.

---> Largest Hospital Network in India.

01/08/2018

Another unfortunate incident where 32 out of 34 people travelling in a bus lost their lives when the bus fell in deep gorge 200 feet below in poladpur while going to mahabaleshwar.

May god give strength to their families to bear their loss and may all the deceases souls ascend the higher world.

The above incident tells about the uncertainties of life and the need of insurance in today's world.

A thought crossed my mind while reading about this unfortunate incident. What if these people did not have insurance ? It will affect their family very badly as they will have to struggle with finances in future. If few of them have invested in insurance their families will get the money and it will help them securely their future and stand up again in the journey of life.

It is best to have a term insurance cover as early as possible because it will give high sum insured for a very less premium.

You cannot stop your death but you can atleast make arrangement for your family's financial security in case of your absence. Time does not stop for anyone, life will continue even after you are gone.

But for your family to have a good and comfortable life with enough money for buying a house, resolving loans, good education for children and other expenses a term insurance plan with good cover should be enough to take care of your family's financial future.

A term insurance is an expenses but it is well worth spending 20k for a 30 year old to get a term insurance worth 1 crore or more. Now-a-days you also get plans with return of premium which gives all your premiums back if nothing happens to you till maturity. What more does anyone want ? You get tax benefit till maturity, you get your money back after maturity, you get a big cover for a very low premium, it is a win-win situation.

We humans insure our vehicles but we never bother to insure ourselves, Your life is more precious than a vehicle, buy your term insurance today.

P.S I insured myself after understanding the concept of insurance and its benefits. When are you insuring yourself ?

The bus was carrying 34 people from Dr Balasaheb Sawant Konkan Krishi Vidyapeeth, an agricultural university at Dapoli in Ratnagiri district, on a picnic to Mahabaleshawar.

26/07/2018

Why do you Need a term insurance plan ?

Term insurance is basically a pure insurance plan which gives financial protection to the family of insured. It is much like vehicle insurance where family of insured gets compensated for terminal illness/death.

Why should everyone buy a term insurance ?

Term insurance should be a compulsory as it protects the family of insured by providing financial assistance in his absence. We live in a competitive world where standard of living and expenses are increasing daily. People have huge debts and no job security plus life expectancy is also decreasing with many young people succumbing to heart attacks, cancer etc. A term insurance provides risk cover to your family by compensating for the death of insured. The family gets adequate money to cover expenses such as repaying loans and debts, child's education, marriage and other unforeseen events, it creates a reserve for providing for your family's future needs.

What benefit does one get out of buying term insurance ?

A term insurance is pure insurance product and does not give any return of money which is why the premiums are very low and sum insured is quite high. One can get a term insurance of 1 crore in premium as low as 13000 depending on his age, it can be for 30 years to 99 years. The premium increases according to age so it is best to buy term insurance as early as possible in your 20's and 30's for a long term. Some companies offer term plan for as long as 99 years. Some companies also offer return of premium which means the premium you pay for the policy will be returned back at the end of policy tenure if nothing happens to the insured.

Let us take an example of how having insurance cover helps ?

Rajesh and Ramesh are 35 years of age and both are working professionals and also taken loan for house/property.

Ramesh is having many investments in mutual funds, government bonds, PPF, Fixed deposits, Debentures but he did not feel the need to buy insurance thinking that he has enough investments.

Rajesh has smartly taken a term insurance of 5 crore apart from his investments like Ramesh.

Both work in a very stressful and competitive environment, one day both get an heart attack resulting in untimely death. Rajesh's family gets 5 crore from insurance company as he had term insurance and his family is financial secure inspite of loosing him. They have enough money to pay their debts, complete children's education and marriage, they do not need to touch other investments as insurance cover provided them enough for all future needs.

Ramesh's family on other hand had to sell all their investments to repay the loans and debts, had to liquidate all stocks, mutual funds which eroded their already made investments. The loss of Ramesh also resulting in financial loss for them leaving them with very less savings for future.

The above story clearly shows the difference between having a term insurance and not having a term insurance. In above case both had enough investments, now imagine somebody who has no investments for the future, how would his family cope with the future expenses ? Think about it, it is a matter of financial security. Insurance cover cannot bring back Ramesh or Rajesh but can compensate financially for their families which is practically required for them to survive a debt free life.

Conclusion: Always keep a term insurance plan for your family's financial security.

Contact/Whatsapp Ashish Desai @ 9657569256 for financial planning and any queries related to insurance/mediclaim/tax savings.

26/07/2018

Care Senior (A mediclaim plan for Senior Citizens from Religare).

--> Affordable premiums
--> Available in Individual and Floater Options
--> Pre-policy Medical check up not required * (issuance basis tele underwriting).
--> Upto 150% increase in Sum insured with no Claim bonus + No Claim bonus Super ** (No claim bonus super is optional cover).
--> Complimentary Health check-up for all insured Members Every year.
---> Choice of Optional Covers
1> OPD care covers expenses related to doctor consultation, Diagnostics, Pharmacy.
2> No claim bonus Super.
--> Upto 15000 Tax savings under Section 80D.

Policy Terms

--> Minimum entry age 61
--> No Pre-policy Medical check-up (Tele underwriting based issuance).
--> 20% co-pay on all claims as compared to 50% of star red carpet. Additional 20% co-pay applicable if treatment is taken outside smart select network hospitals.
--> 30 days waiting period for any illness except injury.
--> Two years waiting period for named ailments.
--> 4 years waiting period for pre-existing illness.
--> Tenure options 1/2/3 years.
--> Life long renewability.

Contact/Whatsapp Ashish Desai @ 9657569256 with Date of birth for quote and get mediclaim online.

Check image for Premium as per sum insured and age.