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Compare Online Money Back Plans In India

Published On Jun 23, 2021, Updated On Jun 25, 2021

A Money Back Policy provides the policyholders periodic pay-outs at specified intervals during the policy tenure to help the insured meet the expenses at difficult stages of life. These policies provide the benefits of insurance cum investment in a single plan. The Money Back Policy offers guaranteed return on investment along with life cover; however, this makes it an ideal choice for those who are looking for protection as well as a regular source of income during the policy tenure. 

Money Back Policy offers policyholders with triple privilege of maturity benefits, death benefits as well as survival benefits. Around 20% of the Sum Assured is paid out at regular intervals, while the balance is paid out at the time of policy maturity with an additional bonus, if any. It gives the opportunity to grow the wealth through investment opportunities.

Benefits of Money Back Life Insurance

There are multifaceted benefits available under the Money Back Plan which you as a policyholder can enjoy for a long term during the policy tenure after purchasing the plan. 

  • It Provides financial cover  to the policyholder during the policy tenure.
  • The Money Back Plan pays the regular benefits throughout the term.
  • It works as an insurance policy as well as a long-term investment with guaranteed returns.
  • Provides tax benefits to the policyholders as per prevailing laws of Income Tax Act. 
  • It is quite less risky than other types of investments offering the same returns like mutual funds.
  • It enables the policyholder long-term savings and regular source of income.
  • It ensures that the amounts are paid regularly.
  • Some Money Back Plans extend the protection coverage guaranteed death benefits even after the maturity date, upto life insured attains the age of 100.
  • There are certain optional riders provided under this policy that cover things like specific illnesses, critical illnesses, accidental death and disabilities, etc.

List of Top Money Back Policies in India 2021

There are a wide array of Money Back Plans available in the market provided by different Insurance companies among the available options policyholders can choose the ideal plan according to their requirements. 

Money Back Policy Plan Type Minimum Entry Age Maximum Entry Age Policy Tenure Maturity Age
Bajaj Allianz Cash Assure Traditional Money Back Plan 0 years 50 years 16, 20,24 and 28 years 18 to 70 years
HDFC Life Super Income Plan Traditional, Participating Plan with life coverage

30 years ( for 16-27 years policy tenure) 

2 years ( for 16 years policy tenure)

48 years (for 27 years policy tenure)

51 years (for 24 years policy tenure)

16 to 27 years 18 to 75 years
ICICI Pru Cash Advantage Non- linked, participating Money Back Policy 0 years 60 years 15, 17 and 20 years 80 years
Kotak Premier Money Back Plan Traditional Money Back Plan 2 years 59 years 16, 20 and 24 years 75 years
Reliance Super Money Back Plan Non- linked, non- participating Money Back Plan with life coverage. 18 years 55 years 10, 20, 30, 40 years 28 to 80 years


Life Insurance Companies host a variety of Money Back Plans with a wide range of benefits for policyholders who are looking at Money Back Plans as a form of insurance and investments plans with low risk appetite. Buying a type of Money Back Plans depends on the personal requirements and circumstances of the individual and most importantly the benefits that are provided under certain plans. The above mentioned plans are best and different from each other in their own ways. 

Also Read: Reasons to Purchase a Money Back Life Insurance Plan

What Are The Different Riders Available With A Money Back Plan?

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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