Money Back: Overview

Money back plans are ideal for those who are looking for a product that provides both - insurance cover and savings. You may also go in for this policy to utilize the tax-free sum of money receivable - to visit your favorite holiday destination, maybe. Or perhaps you can re-invest the amount.

 

In a money-back plan, you keep getting a percentage of the sum assured during lifetime of the policy. In case of the insurer outliving the term, he/she gets the remaining corpus with accrued options like bonus. In the event of his/her death before the full term of the policy, his/her nominee or legal heirs get the sum assured irrespective of the number of installments received, with accrued benefits. 

 


Money Back: Premium

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Money Back: Benefits

  • Money-back Life Insurance Plan
  • Survival Benefits for Different Insurance Plans

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Money Back: Riders

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Money Back: Claims

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Money Back: Exculsions

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Money Back: Tax Implications

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