# @financewizardcl on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DTAktwUiU3j
- **Gondola URL:** https://gondola.cc/posts/59780957-financewizardcl-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/4bf4aed868.jpg
- **Posted:** 2026-01-02T12:52:58.000+00:00
- **Account Owner:** Chandralekha Mittemari Ravikumar (@financewizardcl) — https://gondola.cc/financewizardcl

## Caption

Here’s a simple breakdown on how I choose the right term insurance..

Hi, this is Chandralekha and I love talking about money

💡 First, a real example
✔ This is my own life insurance policy
✔ My premium reduced after GST removal
✔ Straight 18% savings without changing the cover

💡 What term insurance actually is
✔ The cheapest and most essential financial protection
✔ You pay a small premium
✔ Your family gets the cover amount if something happens to you
✔ A ₹1 crore cover can cost less than OTT subscriptions

💡 How to select the right plan
✔ Use the IRDAI report
✔ Check claim settlement ratio
✔ Check amount settlement ratio

💡 What came up after filtering
✔ Axis Max Life was one of the options
✔ ₹2 crore cover starts around ₹876 per month*
✔ Claim settlement ratio shown is 99.70%

👉 Check out the link in my bio for more details

#personalfinance #terminsurance #money #insurance

## Stats

- **Views:** 678,258
- **Likes:** 6,378
- **Shares:** 0
- **Comments:** 5,481

## Tags

personalfinance, terminsurance, money, insurance

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