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When I ask people about their life insurance, the objections which I often get: “Joydeep, I would rather invest in my own business, the stock market, mutual funds or cryptocurrencies right now, because the return is higher.” Or “I have enough income to manage. I do not need life insurance.” If you feel the same, the presentation is for you, watch it without skipping to go ahead smoothly with your income and investments by avoiding the risks of losing all your assets and investment for some unwanted events. I am sorry to say that you are ignoring the importance of financial planning, which everyone must follow, and the proper financial planning is not only about the return. I am always the back-up plan for all your investments. I do convert your taxable variable returns from your investments and income into tax free regular cash flow. At the end of this video, I hope I shall make you realize how you can use insurance for your benefits. I shall also give you an example how you can utilize it. So, stay tuned. Before we move on to the presentation, I just want to give a quick introduction of myself. I am JOYDEEP BASU, the Insurance Advisor with a long 16 years of experience in providing financial protection to many individual lives, businesses and professions. I not only replace income when one’s income stops owing to disability, death or bankruptcy but provides pensions to the retired. I do fund for future events like child’s education, marriage, foreign trips, house building and all many other reasons. I even sort out the dissatisfaction among the employees for the employers while planning for their lesser income tax commitments beyond 80C and protect their already built assets from their creditors and even court orders when they unintentionally default in paying them. Just tell me whether you keep any money in your current account? The return on your current account is zero. Why do you still keep money then? You keep money in the savings account, you bought a property? Why do you have all these other assets, you see, all assets have a different risk and return. Insurance is the only asset that is not related to the market. Think about all your assets, your bank account, your equity portfolio, your bond portfolio, commodities — everything is related to how the markets perform. Insurance is an asset that has nothing to do with the market. It is what we call an option. It's what we call a hedge. When the markets go up and down, your investments will go up and down. But insurance always continues to be on top of all of them. So, if the market goes down, don't worry, insurance compensates. If market goes up, don't worry, insurance makes it higher. That's what insurance does. Insurance boosts everything that you have. if the market goes down, we give you a buffer. If market goes up, we give you an excess pay-out. Think about insurance is an asset that is not related to the market. It's the best hedge to any investment portfolio. As you know how to do the investment, do your investments. But make sure you have enough insurance to protect you. I absolutely agree with your knowledge and capabilities of investing in stocks, mutual funds and cryptos. Yes, markets are doing very well. cryptos etc, probably can get you a higher return. And you know how to do it. I get that. But does your family know how to manage these investments? You see every time that I work on financial planning — It's not about investing; I'm looking at if the family can continue to manage that risk? Because when you are not there when you are sick, what do you want the family to do with these investments? You want them to just sell it? They might sell it at the wrong time? Because they don't know about it. That's what insurance! Insurance basically buys you time, buys time for your family to make a decision on whether they want to sell it or they don't want to sell it. Think about it.