Insurance

10 common questions ke detailed jawab

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Term Insurance pure life insurance hai — ek fixed period ke liye cover milta hai. Agar policy term mein death ho gayi toh family ko sum assured milta hai. Premium sabse sasta hota hai. No maturity benefit agar survive karo. ₹1 crore cover ke liye 30 saal ke vyakti ko sirf ₹8,000-12,000/year premium dena padta hai. Har earning member ko zaroori hai.

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Rule of thumb: Annual income ka 10-15 guna. Example: ₹8 lakh annual income = ₹80L-1.2 crore cover. Ya: Outstanding debts + Future goals + Family living expenses (10-15 saal) jodkar calculate karo. Inflation consider karo. Single ya no dependents hain toh term insurance ki zaroori nahi.

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Term: Pure protection, no savings, cheap premium, high cover. Endowment: Insurance + Savings, expensive premium, low cover. Agents mostly endowment push karte hain kyunki commission zyada milta hai. Expert advice: "Buy term, invest the rest" — term lelo aur bachi savings SIP mein lagao. Endowment plans generally poor value for money hain.

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Minimum ₹5 lakh individual cover (metros mein ₹10 lakh+). Super Top-Up plan se ₹20-50 lakh cover affordable mein le sakte hain. Family floater: Sab members ek plan mein — cost effective lekin sab ek saath beemar pade toh cover share hoti hai. Critical Illness add-on le sakte hain. Government ya employer PMJAY ke alawa khud ka bhi lo.

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Claim Settlement Ratio (CSR) batata hai ki insurance company ne kitne % claims successfully settle kiye. 95%+ CSR achha maana jaata hai. IRDAI ki website par year-wise data milta hai. High CSR wali company choose karo — claims mein problems nahi hogi. Popular options: LIC (98%+), HDFC Life (99%+), Max Life (99%+).

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LIC India ki sabse badi insurance company hai — government backed. Claim settlement excellent hai. Lekin: Premiums comparatively zyada hain, returns FD jaisi ya kam milti hain, pure insurance ke liye term plan (private ya LIC ka) better value deta hai. LIC ki pure term plan (Tech Term ya Jeevan Amar) better hai traditional endowment policies se.

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Critical Illness Insurance serious bimariyon (cancer, heart attack, stroke, kidney failure) par lump sum amount deta hai — chahe hospital bill kitna bhi ho ya treatment kahan bhi ho. Yeh health insurance se alag hai. Use: Treatment ke side income loss cover karna, high cost treatments. Base health insurance ke upar add-on lete hain ya separate policy.

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Third Party (TP): Legally mandatory. Sirf third party (doosre logon ko) ko damage cover. Your own car ko nahi. Cheap premium. Comprehensive: TP + apni car ka damage. Natural disasters, theft, accidents sab cover. Optional add-ons: Zero Depreciation, Engine Protection, Return to Invoice. New car ke liye comprehensive recommended.

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Tips: Online buy karo (agents bypass hote hain — 15-20% sasta). Healthy lifestyle maintain karo (non-smoker discount). Higher deductible choose karo. No-claim bonus (NCB) maintain karo car insurance mein. Annual premium pay karo monthly ki jagah. Compare platforms use karo: PolicyBazaar, Ditto Insurance. Group insurance employer ka poora use karo.

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Minimum insurance needs: 1) Term Life: Agar dependents hain (family financially depend karti hai). 2) Health Insurance: Har kisi ke liye zaroori — medical bills devastating ho sakte hain. 3) Vehicle Insurance: Car/bike ke liye legally mandatory. 4) Home Insurance: Optional lekin valuable. Student ya single no dependent — term optional, health mandatory.