Term Insurance | How to Pick THE BEST Life Insurance company | LLA

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Start your Investing Journey with the best Brokers👇


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Insurance is Important, Get one Now! 👇

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Chapters
00:00 Introduction
01:06 What is Claim Settlement Ratio?
05:05 Claim Rejection v/s Repudiation
08:30 Common Exclusions
09:01 Assets Under Management-
09:41 Complaints Data
11:38 How to Pick the Best Company?
16:24 The Most Important Thing!

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#LLA #termplan #insurance

[LabourLawAdvisor]

Buy Term Insurance from Policy Bazaar 👇

[RahulRay-krdc]

Great video by LLA. Mai apna Experience share karna chahunga jaha mujhe 5 lakh ka claim reject kar diya jata agar mai LLA ka video dekh ke aware nhi hota.

15 march ko mere pita ji hospital me admit hue, Niva Bupa ka insurance tha maine TPA desk me diya processing karne ke baad cashless approval aagyi. Treatment chalu hua, initially laga 2-3 din me discharge de denge. Situation aur critical hone laga har roz bill amount 70 K aane laga, Ab mere pass health insurance hone baad bhi hospital mere family ko cash deposit karne ko bol rahi thi. Yaha pe mai samaj gaya ye log humlog se paise lena chahte aur reimbursement karne ko bolenge. Maine bhi TPA me bol diya ki NIVA Bupa agar cashless approve kiya h to paise kis baat ke aur Niva Bupa agar reject kar diya h to mujhe letter do baad me dekhta hu.

Ese karte karte 04th April ko father ka death ho jata h.

Niva Bupa ka base plan bahut pehle comsume hogya tha maine hospital ko baar baar bola tha top-up policy se approval maango. Hospital ne ignore karte rahe. Jis din death hua usdin hospital ne topup ke liye approval manga Niva Bupa se. Niva Bupa without any reason reject kar diya. Maine dekha mere email pe do claim no aaye the. To duplicacy ke ho sakta h ek reject kiya ho. Abhi bhi ek claim ka approval nhi aaya tha. Bahut baar phone kiya unke consumer care me koi thik idea nhi de pa raha tha. Hospital to reject claim aane ke baad shuru hogya ki aapka reject hogya h claim. Maine unko kaha Maine payment kardiya uske baad approval aagya to mere paise refund honge, hospital se kaha nhi refund nhi honge humlog niva Bupa ko mail kar denge ki ye bill close hogya h. Main subah 8 se dopahar ke 2 baje tak wait kiya. Last me 5 lakh rupees payment kar di. Discharge leke formality karke ambulance me nikal gya. 3 baje ke karib Ek message aaya mobile me ki 3.5 lakh ka approval hogya h. Us samay mai kuch nhi kar sakta tha. Sab kriya karm ho jaane ke baad 8 April ko maine reimbursement ke liye file kiya. Reimbursement me NiVa Bupa bol rahi h humne to cashless de diye h aapko 3.5 lakh Maine kaha Maine payment kiya h 5 lakh. To niva Bupa boli hospital se aap wo 3.5 lakh ka claim cancellation letter le aao 20 din ke andar nhito reimbursement reject ho jayega. Hospital mere cancellation letter nhi dena chahti thi. Maybe wolog dono side se paise kamana chahte the. Ye mai kolkata ka bara superspeciality hospital ka baat kar raha hu.

Har baar wo log bolte kal dunga parso dunga. Mai telephone pe sab record karta raha. Maine mail kiya koi reply nhi diya. Mail me niva Bupa ke taraf se cancellation letter maanga wo bhi bataya. Maine hard copy me bhi letter likha with all supporting documents. Koi fayda nhi. 24 April hogyi maine socha ab consumer forum jaake cheating ka case karna parega. Lekin uske pehle grievance cell me mail kiya with all proof. Grievance cell ka hill gya ki itne saare communication ka koi reply nhi diya gaya h udhar se mujhe phone aaya usi din mere cancellation letter mila.

Maine niva Bupa ko diya cancellation letter 24 April ko mera paisa wolog 15 may ko diya. Uske baad Niva Bupa ka torture chalu hua. Jo disease mere pita ji ko nhi tha wo sab leke mere locality me ulta sidha bolna shuru kiya mere se long statement liya sabke baare me. Jab ki investigation base policy ka ekbaar hogya tha hospital me hi. Phirse dobara topup policy ke liye same investigation kar rahe the. Phir ek din wolog ne hadd paar kardi. Mere ghar ke pass aake ulta sidha bol rahe the. Maine kaha abhi maarunga tere bahut bardast kiya hu. Pita ji ke maarne ke baad tera bakwas nhi sununga. Jis din usko dhamki diya uske 5-7 din baad final settlement letter de diya. Bahut behuda investigation karti h niva Bupa premium lete samay le leti h, claim pass karne me inki amma marti h. Inka investigation 25 din chala.

Last me 15 june ko mereko final settlement letter mila.

Bill mera 17 lakh ka hua tha hospital se 12 lakh base policy se aur 5 lakh topup se reimbursement karaya.

Thank to LLA insurance ke baare me itna aware tha tabhi 5 lakh ka reimbursement mila nhi to dusra koi aadmi hota to haar maan leta. Mai jaanta tha iske liye mujhe ladna parega. Ladne ke liye LLA se bahut inspiration mila.


Ye bhi batana jaruri h mere pass us samay 6 lakh Rs the including shares. Ghar me 5-6 lakh aur the. Baki sab paisa pitaji ke account me tha jiska koi ATM CARD nhi tha koi net banking nhi tha aur koi UPI nhi tha pura paisa atak gya tha. In fact account me koi nominee bhi nhi tha. Health insurance hone ke kaaran financial problem nhi aayi. Nhi to humlog bahut bure situation me fass jaate

[insidehead]

Bhai ye policy bazar me ek bar register kr do. To pareshan daily krte hai. Jabki in logo ne lika h no calls from our side. Kya yar 😅

[shubhampasari]

SIR WE NEED UPDATED VIDEO ON HEALTH INSURANCE PLEASE. HEALTH INSURANCE IS WAY MORE CONFUSING THAN TERM INSURANCE.

[ajinkyaaundhakar]

Absolutely loved the straightforwardness, Logical approach, the setup, background score & most importantly the whole content.👍🏽 I have seen this channel grow from past so many years & wish more success to your team.✌🏽
You guys are actually being transparent & clear about your suggestions & not like others who leave the audience in ambiguity. Thanks a lot for all the informative videos & all the efforts.
Keep growing and doing such a great job.👏🏽

[alekshendra]

I was watching all LLA videos on insurance since a week, and now this getting uploaded is cherry on the cake ❤

[vishalsoni]

Amazing insights Mandeep. A respect is compounding for you and whole LLA family continuously. Great work 🙏

[Unchartedly]

Best YouTube channel I have seen so far. Clear explanation and straightforward. Love your content

[SolarReaserchCenter]

शानदार ❤️❤️
ऐसे ही सरल language में ज्ञान देते रहना...
मजा आ जाता है एक दम

[ankurvijay]

Went to so many channel and even some of the popular ones are not explaining everything and somewhat making me confuse but this channel is all you need for money related things and Mandeep is legend. His extensive research and easy to explain ability just nails everytime.

[amrutkulkarni]

Sir, please check onto the dedicated policies for cancer care, heart care etc. these options are much more better than taking the critical illness cover in term plan. Would request you to please make a dedicated video on this since there is no awareness in this topic. Please do the needful.

[ashutoshshaw]

I'm really very impressed. We are getting to watch and consume these knowledgeable and premium content free of cost. Thank you team LLA ❤

[paragbhangale]

Thank you for your deep drilling on this important decision making topic. Particularly your points of maintaining medical records every six months and sharing with family gave me the true peace of mind and a closure on this brain storming topic by making it a simple yet powerful routine. I also deeply appreciate that once you keep tabs on imp topics you follow it and share your views, facts and findings.

[RajeshYadav-kszy]

Good one Mandeep. I am glad you collaborated with Policy Bazaar. You are a few of those influencers who don't do unnecessary advertisement keeping your credibility.
Huge respect 🙏🙏🙏

[shubhamsingla]

Mandeep bhai you didn't mention the most important feature of insurance.
Please refer section 45 of insurance act. It clearly specifies that after 3 years of taking insurance or revival, no insurer can repudiate the death claim.
So if any insurer rejects your claims after 3 years of policy commencement, you just go to court and quote section 45.
But it is a usual practice with private insurers to reject the claim even after 3 years of policy commencement, ignoring the section 45 of insurance act(since many customer are not aware of this section and very few customer take legal action against insurers for rejecting claims)
While LIC straight forward pays the claim(whatever amount) if death has occurred after 3 years of policy commencement.

[asehgal]

Thanks for this video. Your 1st line about "Claim Settlement Ratio" clinched it as that was exactly what I was shown and I didn't agree with the advisor.
Your video has given us the ammo we customers need to fight ridiculous proposals from agents and also basis this decide which agents are good (trustworthy) and who are not.
Thanks for this! Keep us the good work.

[bishalkumarnath]

Thank you Mandeep. Thanks for educating us regarding insurances in such a clear way. Your explanation really has a good data structure and this makes your channel different and unique from that of others.

[ArnabDan]

Absolutely genius work guys. Mandeep you are really too good with your research and understanding of the topics. Hats Off guys. You are doing a great job !

[VanKayl]

Hey guys!
There's a random grey blob in some parts of the video, near the lamp. Please ignore that.
Todha edit me idhar udhar hogayi layers, Agli baar se dhyaan rakhenge! 🙈
- Rohan & MMM

[sonuparihar]

Thanks mandeep Bhai itni knowledge full jankari Dene ke liye wish you a very happy new year