"If You Don't Have Insurance, That's Your Biggest Mistake" | Ft. Gajendra Kothari | KwK #130

➡ Order my book 'Acing CA' here:https://www.amazon.in/.... ➡ Order my book 'Unlocking Unicorn Secrets' here:https://www.amazon.in/....🎧 Listen to Konversation with Kushal Episodes On Spotify:https://open.spotify.c...➡ For crisp learnings from the podcast, check out our clips channel: @kushallodhaclips548   / @kushallodhaclips548   --------------------------------------------------------------------------------Follow Kushal Lodha on Social Media:📝 LinkedIn:   / kushallodha548  📷 Instagram: https://www.instagram.... 📱 Twitter: https://x.com/kushallo...Follow Konversation with Kushal on Social Media:📝 LinkedIn: https://www.linkedin.c...📷 Instagram: https://www.instagram....Follow KAGR Club on Social Media:📝 LinkedIn:   / kagr-club  📷 Instagram: https://www.instagram....Follow Gajendra Kothari's Social Media Handles:📷 Instagram: https://www.instagram....📝 LinkedIn:   / gajendrakothari  --------------------------------------------------------------------------------In this episode of KwK, Kushal Lodha interviews Gajendra Kothari, a leading expert in financial planning and an advocate for strategic insurance management. With a Chartered Financial Analyst (CFA) qualification and two decades of experience, Gajendra has empowered countless individuals to navigate the complexities of personal finance. He is the Managing Director and CEO of Etica Wealth Management, a Mumbai-based firm specialising in holistic financial advisory services. During the discussion, Gajendra highlights the crucial role insurance plays in creating a robust financial safety net. He emphasises that insurance is not just a product but a foundation for financial stability, protecting families from unforeseen risks like health emergencies or income loss. From term life policies to health and critical illness coverage, Gajendra explains how tailoring insurance to individual needs ensures financial resilience and peace of mind.Don't forget to like, subscribe, and hit the bell icon for more insightful and interesting content! 🎥📚--------------------------------------------------------------------------------Timestamps00:00 Introduction03:17 Why should one buy Insurance?06:18 What is Life Insurance?08:56 Is Insurance an Investment?09:39 What are Term Plans?16:20 What is the premium required for 1 crore cover?18:01 Gajendra's Term Plans20:06 What is Claims Ratio?22:23 How to calculate Benefits?23:26 What if I miss a premium payment?24:37 How to read Insurance T&Cs?26:57 Which riders to buy in insurance?28:55 How to choose Term Plan?34:21 Insurance to handle Debt Obligations41:02 Insurance vs Mutual Fund45:51 3 Key Advice while buying insurance48:58 How to avoid Mis-Selling?50:35 What are Endowment Funds?51:40 Don’t mix Insurance and Investment!57:11 Busting Myths on insurance1:02:51 Kushal’s Personal Experience 01:04:36 Changing Lifestyles01:10:25 Medical Inflation01:19:01 Avoid rejection of insurance claims by being honest01:21:30 Reasons for Claim Rejection01:26:20 Why the Increased Premiums01:27:38 Top-up and Super Top-up plans01:33:30 Critical Illness Cover#kushallodha #podcast #gajendrakothari #insurance #savings