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How Can I Compare Money Back Policies Online In India?

Published On Nov 01, 2021 4:00 PM By InsuranceDekho

Money return plans combine the benefits of an insurance policy with those of an investment, ensuring that the policy pays the policyholder an income rather than merely a lump sum in the case of his or her death. These plans offer a guaranteed return on investment, as well as monthly payments and insurance coverage, making them a great option for anybody looking for both security and income. In addition to the usual life insurance given by normal plans, a Money Back policy offers a policyholder with a maturity benefit as well as a regular income in the form of survival benefits during the duration of the policy. Money Back insurance, on the other hand, provides policyholders with a secure and guaranteed return on investment as well as the opportunity to grow their money through various investment possibilities.

Key Factors While Comparing Money Back Plans 

On the market, there are a variety of Money Back  guarantees. Each plan should be evaluated against a variety of elements to determine the optimum strategy. Keep the following criteria in mind while looking for a Money Back  guarantee:

  • The Maximum Guaranteed Amount

In most circumstances, the sum promised under Money Back  plans has no upper limit. However, double-check the plan's maximum guaranteed amount to confirm that the coverage you seek is available.

  • Characteristics of Coverage

The coverage parameters of the plan should be examined to determine whether any additional built-in covers extend the plan's coverage.

  • Riders are readily available.

Don't forget to look at the list of optional riders when comparing Money Back insurance products. All prominent riders should be covered under the best plan.

  • The Price of Premium

When comparing Money Back plans, the premium rate is another important factor to consider. On the other hand, the premium rate should be considered with the plan's coverage.

  • Benefits of Survival

Under the Money Back Plan, you will get a percentage of your money monthly. If you make it to maturity, you'll be eligible for the maturity prizes as well as any additional bonuses.

  • Bonus

If an insurance company makes a profit, it will reward you with a bonus or profit distribution. A Money Back  Plan from a reputed insurance company is typically suggested.

  • Tax Benefits

Premiums paid for Tax Benefits Insurance during the year are eligible for exemptions under Section 80C of the Income Tax Act. In most situations, Section 10 exempts the maturity revenues and withdrawals as well (10D). You must double-check that the survivor benefits you receive at regular intervals throughout the policy's term qualify for these tax breaks as well.


A Money Back Plan is highly recommended if you are looking for a plan that can provide insurance coverage while also supporting you in the building of an investment portfolio. Endowment plans, ULIPs, and other investment choices can help you optimize your assets while simultaneously providing life insurance. Because they invest your money in a range of market instruments, ULIPs are hazardous. The wisest way to save and invest is to use a Money Back Plan. Purchasing an insurance policy is a great way to protect yourself against major financial obligations that are inescapable in life. Study the policy information carefully before deciding on the best insurance plan for you.

Also read: Common Features Of Money Back Insurance Policy    

Why Should You Go For Money Back Plans?

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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