Insurance is a very complex world for a layman. Though there are many regulations, it is hard for a small retail investor to understand the products and their attached conditions. In many cases, the individual investor has been ignorant of many points written in the solution. So here comes our attempt to educate retail investors about this complex world and how we can simplify this solution to best suit investor's needs and preferences in line with risk appetite as far as insurance is concerned. We are going to refer to an example of TATA AIA Life Insurance's Param Rakshak Plus Solution."
What is covered?
00:00 Start
00:58 Introduction
01:52 Details about the company
02:48 Claim Settlement Ratio Concept
03:03 Solution
04:14 What is ULIP?
05:28 What is a Rider?
06:48 What is Sum Assured?
07:23 Sample Illustration
12:29 Understanding Finer aspects
15:59 Lock-in period
17:01 Conclusion
For more details about TATA AIA's Param Rakshak Plus Solution, kindly visit the below link:
http://bit.ly/3ptxk37
Disclaimer: https://bit.ly/3ptBaZP
L&C/Advt/2021/Jan/0048
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