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Best Short Term Money Back Policies In 2024

Updated On Jan 09, 2024

Money Back Policy is an excellent option for individuals seeking both protection and a guaranteed source of income in a single plan. People who want to buy a car or go on a luxury trip are more inclined to invest in Short Term Investment Plans. Because of the little risk involved, short-term investment plans are popular. Long-term investments, however, cannot be expected to provide huge returns. In this post, we will examine some of the greatest money-back policies that may be used for a short period to cover potential close costs. You won't have to wait long to get your money multiplied.

Best Short-Term Money-Back Guarantee Plans - 2024

The following are some of the greatest short-term Money Back Policies that are at the top of the list:

1. LIC New Money Back Plan – 20 Years

This money-back policy is a conventional, participating, non-linked policy that offers guaranteed returns as well as a bonus. The LIC New Money Back Plan has a 20-year term and pays the policyholder 20% of the lump sum value after the fifth, tenth, and fifteenth years. The premium must be paid for 15 years, and the insurance is valid for 20 years. This plan includes a tax-free benefit.

Must Read: Reasons To Buy A Money Back Plan

2. HDFC Life Super Income Plan

This Money Back Plan is a non-linked, restricted pay and participation plan with guaranteed income. The HDFC Life Super Income Plan is an excellent option for individuals seeking a consistent source of income so that they do not have to worry about future costs and can enjoy their lives without financial stress. This insurance provides maturity and death benefits as well as a cumulative bonus. The term ranges from 10 to 15 years.

3. SBI Life Smart Money Back Gold

This Money Back Plan provides both life insurance and a regular income to help you meet your financial obligations in tough times. This insurance provides protection for your family's future, dependability in the form of guaranteed returns at regular intervals, and the freedom to pick a money-back alternative based on your needs. SBI Life Smart Money Back Gold is a conventional, non-linked, participation life insurance saving plan.

4. Bajaj Allianz Life Cash Assure

This strategy combines protection and savings. Bajaj Allianz Life Cash Assure is a conventional money-back plan that provides fixed returns at regular periods. This plan gives you the option of selecting between insurance periods of 16, 20, 24, and 28 years. It provides a discount to female insurers.

5. Reliance Super's Money-Back Guarantee

During challenging times, this plan provides financial protection for you and your family. You can have freedom while paying the policy's premiums. Reliance Super Money Back Policy provides assured liquidity as well as loyalty bonuses to assist you in managing your living costs. Tax breaks are available on premiums paid for the coverage.


Money-Back Plans are one of the most intelligent methods to prepare your future protection. There are several Money Back Plans available on the market. Depending on your needs, you may choose the best one. The Money Back Plans listed above are at the top of the list in the investor market. Each Plan has its own set of advantages and disadvantages. Before selecting a plan, it is critical to understand its benefits and drawbacks.

Also Read: Difference Between Money Back Plans And ULIP

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.


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