Beyond Term Plans: How HNIs Use Insurance to Bypass Probate & Protect Legacy | RAJAT DHAR | FINOGENT

𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐚𝐬 𝐚 𝐖𝐞𝐚𝐥𝐭𝐡 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐓𝐨𝐨𝐥: 𝐓𝐡𝐞 ₹𝟓 𝐂𝐫𝐨𝐫𝐞 𝐌𝐢𝐬𝐭𝐚𝐤𝐞 𝐌𝐨𝐬𝐭 𝐇𝐍𝐈𝐬 𝐌𝐚𝐤𝐞 | 𝐌𝐖𝐏 𝐀𝐜𝐭, 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑𝟗 & 𝟒-𝐋𝐚𝐲𝐞𝐫 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝

Are you viewing insurance merely as a "protection product"? That perspective, while valid, is fundamentally incomplete.

In this comprehensive session, Rajat Dhar breaks down how High Net-Worth families are strategically using insurance not just for risk cover—but as a cornerstone of their wealth transfer architecture.

We explore the 𝐥𝐞𝐠𝐚𝐥 𝐟𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤𝐬, 𝐭𝐚𝐱 𝐢𝐦𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬, 𝐚𝐧𝐝 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 that transform insurance from a necessary expense into a value-creating asset.

📌 𝐖𝐇𝐀𝐓 𝐘𝐎𝐔'𝐋𝐋 𝐋𝐄𝐀𝐑𝐍 𝐈𝐍 𝐓𝐇𝐈𝐒 𝐕𝐈𝐃𝐄𝐎:

Why treating insurance as "just protection" is the ₹5 Crore mistake
𝐓𝐡𝐞 𝟓 𝐂𝐨𝐫𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐬: Liquidity Creation, Estate Equalisation, Creditor Shield, Succession Certainty & Tax Efficiency
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑𝟗 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐝: The critical difference between Traditional Nominee (Custodian) vs Beneficial Nominee (Owner)
𝐌𝐖𝐏 𝐀𝐜𝐭 𝐃𝐞𝐞𝐩-𝐃𝐢𝐯𝐞: How to create a statutory trust at ZERO cost
Strategic use cases: Entrepreneurs with debt, HUF members, Second marriages
𝐂𝐡𝐨𝐨𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐢𝐧𝐬𝐭𝐫𝐮𝐦𝐞𝐧𝐭: Term vs Whole Life vs ULIP vs Endowment
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: Keyman Insurance & Buy-Sell Agreements
𝐍𝐑𝐈 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬: ILIT for US clients, Trust structures for UK, Cross-border estate tax
𝐓𝐡𝐞 𝟒-𝐋𝐚𝐲𝐞𝐫 𝐖𝐞𝐚𝐥𝐭𝐡 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐀𝐫𝐜𝐡𝐢𝐭𝐞𝐜𝐭𝐮𝐫𝐞: Liquidity → Settlement → Equalisation → Legacy

⏱️ 𝐂𝐇𝐀𝐏𝐓𝐄𝐑𝐒:
00:00 Introduction to Investment Strategies
01:53 Reframing Insurance as a Strategic Asset
06:51 5 Core Strategic Functions of Insurance in Wealth Transfer
10:20 Legal Architecture and Beneficiary Designation
12:21 The Financial Fortress: Creating a Trust via MWP
14:19 Specialized Strategies for Business Owners and NRIs
16:50 The Framework: To Choose a Right Policy Type
23:11 Special Case: Business Owners & NRIs
25:35 NRIs: Structuring an Effective Insurance Portfolio
26:46 4-Layer Approach: Wealth Transfer Architecture
29:44 Integrated Strategy: Estate Plan Synchronisation
31:30 Conclusion: Integrating Insurance into Wealth Planning

🔑 𝐊𝐄𝐘 𝐈𝐍𝐒𝐈𝐆𝐇𝐓𝐒 𝐅𝐑𝐎𝐌 𝐓𝐇𝐈𝐒 𝐒𝐄𝐒𝐒𝐈𝐎𝐍:
𝐓𝐡𝐞 𝐇𝐍𝐈 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐂𝐫𝐢𝐬𝐢𝐬: With 70% of a typical ₹100 crore estate locked in illiquid assets (business, real estate), a lack of immediate cash can force asset sales at distressed valuations.

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑𝟗 𝐆𝐚𝐦𝐞-𝐂𝐡𝐚𝐧𝐠𝐞𝐫: Post-2015 Amendment, a "beneficial nominee" (spouse/children/parents) becomes the ABSOLUTE OWNER of proceeds—this cannot be overridden by a will.

𝐌𝐖𝐏 𝐀𝐜𝐭 = 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐅𝐨𝐫𝐭𝐫𝐞𝐬𝐬: Creates automatic statutory trust, fully creditor-proof, irrevocable beneficiaries, outside the estate. Zero cost to implement.

𝐓𝐡𝐞 𝐑𝐞𝐚𝐥 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: It's not WHETHER you need insurance. It's HOW MUCH, of WHAT TYPE, STRUCTURED HOW, and INTEGRATED WHERE within your wealth architecture.

📊 𝐖𝐇𝐎 𝐒𝐇𝐎𝐔𝐋𝐃 𝐖𝐀𝐓𝐂𝐇 𝐓𝐇𝐈𝐒 𝐕𝐈𝐃𝐄𝐎:

𝐇𝐢𝐠𝐡 𝐍𝐞𝐭-𝐖𝐨𝐫𝐭𝐡 Individuals (₹5-50 Crore+ net worth)
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐰𝐧𝐞𝐫s with personal guarantees on loans
Members of Hindu Undivided Families (HUF)
𝐍𝐑𝐈𝐬 in USA, UK, UAE, Singapore seeking India-linked insurance strategies
Individuals with 𝐜𝐨𝐦𝐩𝐥𝐞𝐱 𝐟𝐚𝐦𝐢𝐥𝐲 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐬 (second marriages, multiple heirs)

#insurancestrategy #wealthtransfer #estateplanning #hnis #financialplanning #legacyplanning #businesssuccession #keymaninsurance #terminsurance #wealthmanagement #taxplanning #finogentsolutions #DhanDada

🍁 𝐀𝐛𝐨𝐮𝐭 𝐅𝐢𝐧𝐨𝐠𝐞𝐧𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐋𝐋𝐏 🍁⁣⁣
𝐅𝐢𝐧𝐨𝐠𝐞𝐧𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐋𝐋𝐏 𝘪𝘴 𝘢 𝘣𝘰𝘶𝘵𝘪𝘲𝘶𝘦 𝘸𝘦𝘢𝘭𝘵𝘩 𝘮𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘺 𝘧𝘪𝘳𝘮 𝘩𝘦𝘭𝘱𝘪𝘯𝘨 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘨𝘳𝘰𝘸, 𝘱𝘳𝘰𝘵𝘦𝘤𝘵, 𝘢𝘯𝘥 𝘥𝘪𝘷𝘦𝘳𝘴𝘪𝘧𝘺 𝘵𝘩𝘦𝘪𝘳 𝘸𝘦𝘢𝘭𝘵𝘩 — 𝘢𝘤𝘳𝘰𝘴𝘴 𝘣𝘰𝘳𝘥𝘦𝘳𝘴.⁣
𝘍𝘳𝘰𝘮 𝘨𝘭𝘰𝘣𝘢𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘢𝘯𝘥 𝘵𝘢𝘹𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 𝘦𝘴𝘵𝘢𝘵𝘦 𝘱𝘭𝘢𝘯𝘯𝘪𝘯𝘨 𝘢𝘯𝘥 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦𝘥 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰𝘴, 𝘍𝘪𝘯𝘰𝘨𝘦𝘯𝘵 𝘦𝘮𝘱𝘰𝘸𝘦𝘳𝘴 𝘺𝘰𝘶 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵 𝘪𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘵𝘭𝘺 𝘢𝘯𝘥 𝘤𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘵𝘭𝘺.⁣⁣
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𝐖𝐡𝐚𝐭 𝐖𝐞 𝐎𝐟𝐟𝐞𝐫:⁣
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𝘞𝘦𝘢𝘭𝘵𝘩 𝘔𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵 𝘚𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴⁣
𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘚𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴⁣
𝘔𝘢𝘳𝘬𝘦𝘵 𝘐𝘯𝘴𝘪𝘨𝘩𝘵𝘴 & 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩⁣
𝘐𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦 & 𝘙𝘪𝘴𝘬 𝘔𝘢𝘯𝘢𝘨𝘦𝘮𝘦𝘯𝘵⁣
𝘓𝘦𝘯𝘥𝘪𝘯𝘨 & 𝘓𝘦𝘷𝘦𝘳𝘢𝘨𝘦 𝘚𝘦𝘳𝘷𝘪𝘤𝘦𝘴⁣
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𝘚𝘵𝘢𝘺 𝘜𝘱𝘥𝘢𝘵𝘦𝘥: 𝘔𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘵𝘰 𝘩𝘪𝘵 𝘵𝘩𝘦 𝘯𝘰𝘵𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘣𝘦𝘭𝘭 𝘴𝘰 𝘺𝘰𝘶 𝘯𝘦𝘷𝘦𝘳 𝘮𝘪𝘴𝘴 𝘢𝘯 𝘶𝘱𝘥𝘢𝘵𝘦 𝘰𝘯 𝘵𝘩𝘦 𝘭𝘢𝘵𝘦𝘴𝘵 𝘮𝘢𝘳𝘬𝘦𝘵 𝘵𝘳𝘦𝘯𝘥𝘴, 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘵𝘪𝘱𝘴, 𝘢𝘯𝘥 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴. 𝘓𝘦𝘵'𝘴 𝘨𝘳𝘰𝘸 𝘵𝘰𝘨𝘦𝘵𝘩𝘦𝘳!⁣
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✨ 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐅𝐢𝐧𝐨𝐠𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 ✨⁣⁣
🎥 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 𝐭𝐨 𝐨𝐮𝐫 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥: @FinogentSolutionsLLP⁣⁣
📢 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧: Finogent Solutions LLP⁣⁣
🌐 𝐕𝐢𝐬𝐢𝐭 𝐨𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.finogent.com⁣⁣
📩 𝐅𝐨𝐫 𝐜𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐪𝐮𝐞𝐫𝐢𝐞𝐬: info@finogent.com⁣⁣
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𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫:
𝘛𝘩𝘦 𝘷𝘪𝘦𝘸𝘴 𝘦𝘹𝘱𝘳𝘦𝘴𝘴𝘦𝘥 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘷𝘪𝘥𝘦𝘰 𝘢𝘳𝘦 𝘧𝘰𝘳 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘢𝘯𝘥 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘴𝘩𝘰𝘶𝘭𝘥 𝘯𝘰𝘵 𝘣𝘦 𝘤𝘰𝘯𝘴𝘵𝘳𝘶𝘦𝘥 𝘢𝘴 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵, 𝘭𝘦𝘨𝘢𝘭, 𝘰𝘳 𝘵𝘢𝘹 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘛𝘩𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘴𝘩𝘢𝘳𝘦𝘥 𝘳𝘦𝘧𝘭𝘦𝘤𝘵𝘴 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘰𝘱𝘪𝘯𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘱𝘶𝘣𝘭𝘪𝘤𝘭𝘺 𝘢𝘷𝘢𝘪𝘭𝘢𝘣𝘭𝘦 𝘥𝘢𝘵𝘢 𝘢𝘵 𝘵𝘩𝘦 𝘵𝘪𝘮𝘦 𝘰𝘧 𝘳𝘦𝘤𝘰𝘳𝘥𝘪𝘯𝘨.⁣
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𝘍𝘪𝘯𝘰𝘨𝘦𝘯𝘵 𝘚𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘓𝘓𝘗 𝘢𝘯𝘥 𝘙𝘢𝘫𝘢𝘵 𝘋𝘩𝘢𝘳 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘳𝘦𝘴𝘱𝘰𝘯𝘴𝘪𝘣𝘭𝘦 𝘧𝘰𝘳 𝘢𝘯𝘺 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴 𝘮𝘢𝘥𝘦 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘤𝘰𝘯𝘵𝘦𝘯𝘵. 𝘝𝘪𝘦𝘸𝘦𝘳𝘴 𝘢𝘳𝘦 𝘢𝘥𝘷𝘪𝘴𝘦𝘥 𝘵𝘰 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘵𝘩𝘦𝘪𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘴𝘰𝘳 𝘣𝘦𝘧𝘰𝘳𝘦 𝘮𝘢𝘬𝘪𝘯𝘨 𝘢𝘯𝘺 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴.⁣
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𝘔𝘢𝘳𝘬𝘦𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴 𝘢𝘳𝘦 𝘴𝘶𝘣𝘫𝘦𝘤𝘵 𝘵𝘰 𝘳𝘪𝘴𝘬𝘴, 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘭𝘰𝘴𝘴 𝘰𝘧 𝘱𝘳𝘪𝘯𝘤𝘪𝘱𝘢𝘭. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘵𝘶𝘳𝘯𝘴.
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© 𝘍𝘪𝘯𝘰𝘨𝘦𝘯𝘵 𝘚𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘓𝘓𝘗. 𝘈𝘭𝘭 𝘳𝘪𝘨𝘩𝘵𝘴 𝘳𝘦𝘴𝘦𝘳𝘷𝘦𝘥. 𝘜𝘯𝘢𝘶𝘵𝘩𝘰𝘳𝘪𝘻𝘦𝘥 𝘤𝘰𝘱𝘺𝘪𝘯𝘨, 𝘳𝘦𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘪𝘰𝘯, 𝘰𝘳 𝘥𝘪𝘴𝘵𝘳𝘪𝘣𝘶𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘪𝘴 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘪𝘴 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘱𝘳𝘰𝘩𝘪𝘣𝘪𝘵𝘦𝘥.