CRITICAL ILLNESS INSURANCE
– Is Not A Medical Insurance
CRITICAL ILLNESS INSURANCE
– Is Not A Accident Insurance
Critical Illness Insurance
-Pays A Lump Sum Amount As A Living Benefit
Why Do You Need Lump Sum Amount If You Suffer Critical Illness?
– To replace lost income due to loss of job temporarily or permanently
– It gives you option to work or rest at home
– It gives you option to get treated as per your needs.
Why Incidence Of Critical Illness Constantly Rising?
– Due to Lifestyle Issues
– Sedentary lifestyle , lack of exercise
– Smoking , Alcoholism
– Residual chemicals in processed foods
Which Age Group Is Susceptible?
– All age groups
– Increased incidence in age band of 35 to 45
– Year after year average age at incidence is dropping
Which Are The Common Critical Illnesses?
– Heart related in men
– Cancers in Women
How Many Critical Illnesses are covered In CI Insurance Policy?
– About 32 to 36
How To Buy Critical Illness Insurance Policy?
– Ideally as a sublimit of your life insurance
– You can also buy it as stand alone CI Insurance Policy
How Much Of Critical Illness Insurance Do You Need?
– Approximately 2 to 4 years of your annual income
– $ 200,000
– Choose higher of the above two
When Will Critical Insurance Policy Pays You Benefits?
– It pays lump sum sum assured all at once if you are diagnosed with listed critical illness
When Will The Critical Illness Insurance Policy Does Not Pay you?
– claim arising during waiting period of 3 months
– If the illness suffered is not listed in the policy
Links to my previous videos:till now
HOW TO BE SUCCESSFUL IN THE STOCK MARKET
https://youtu.be/0TzRoXkO2g4
As a NRI Should I Keep My Savings As Dollars Or Rupees ?
https://youtu.be/RXjvOvYsDow
GOOD NEWS – CORONA & STOCK MARKETS
https://youtu.be/xOXamczhjgI
CORONA PANDEMIC: HOW AND WHEN WILL IT END? ECONOMIC FALLOUT?
https://youtu.be/Cztuub-hfs8
6 MISTAKES TO AVOID DURING MARKET CRASH
https://youtu.be/9Y2r08x2sJM
What does your portfolio valuation really mean ? https://youtu.be/VkEwq8g2oFM
Corona Pandemic: Lessons from Spanish Flu 1918 By Dr. Chandrakanth Bhat
https://youtu.be/RFr24m7rU0g
DEPENDING ONLY ON PENSION DURING RETIREMENT CAN BE A TRAP FOR YOU https://youtu.be/qLTkhCDe89g
WHY SHOULD YOU DEAL WITH MORE THAN ONE BANK ? https://youtu.be/GjDsxS2Kxuo
How to make money from stock market crash https://youtu.be/KejZ8nKpLPAhttps://youtu.be/UfNQkH3cmWE
CORONA VIRUS – IMPACT ON GLOBAL MARKETS – PART 1 https://youtu.be/MC5nAbWLkMo
CORONA CRASH 2020 – DOS AND DON’T FOR YOUR SURVIVAL
WHAT TO BUY? SHARES OR MUTUAL FUND?https://youtu.be/0nl9sPJBUQs
CORONA VIRUS (PART 2): IMPACT ON INDIAN ECONOMY – By Dr. Chandrakantha Bhathttps://youtu.be/Fo91G9hdXHQ
6 COMMON MISTAKES DURING RETIREMENT https://youtu.be/ivus9eJWKXMWhy Investors Fail ?
https://youtu.be/c8jxppcdXhs
Budget 2020: Impact on NRI’s (Part 2) Who and When Will They Get Affected?: https://youtu.be/Hq5iPSEWcAI
Budget 2020: Will NRI’s Overseas Income Be taxed Now? (Part 1) NRI Money Clinic: https://youtu.be/uXM9AKo9HrM
Why You NEED an Emergency Fund! by Dr Chandrakanth Bhat NRI Money Clinic:https://youtu.be/fBm8bokZI0c
Role of a Financial Planner: https://www.youtube.com/watch?v=KZPnnn3NqyM
What is the meaning of money? : https://youtu.be/AAxQ4ywScos
6 steps to generate good returns on your investments – https://youtu.be/AAxQ4ywScos
Don’t Buy a Life Insurance Policy Until You Watch This! https://youtu.be/q0adm_CKvew
NRI Money Clinic is a YouTube channel created by Dr. Chandrakantha Bhat , an investment consultant and financial planner in Dubai . It aims to spread financial literacy and educate on money matters for resident and non resident Indians . The channel discusses subjects like Fixed Deposits , Taxation , Mutual Funds , Insurance , Specific Issues pertaining to NRI community and every other investment opportunity. Dr. Chandrakantha Bhat can be reached on Whatsapp on +971 50 148 4595
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DISCLAIMER : Please consult your professional financial advisors before taking any action based on inputs of this video and other videos of this channel. Dr. Chandrakantha Bhat or NRI Money Clinic you tube channel is not responsible for any losses or undesirable outcome for action taken by you without proper consultation with professional advisors in the field of finance.
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