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Insurers' Most Popular Money-Back Plans

Updated On Mar 15, 2022

Money Back Plans are a form of savings plan that offers a number of benefits in addition to regular payments from the policyholder's savings account. This sets them apart from the majority of conventional life insurance products. In a Money Back life insurance policy, a survival benefit amount is given to the life guaranteed at various stages of the term. If the life promised dies within the policy period, the sum assured is paid to the nominee, even if the life assured has already received survivor benefits. Survivor payments are computed as a proportion of the entire amount of money guaranteed. When the Money Back life insurance policy matures, the sum promised is given to the life assured after subtracting the periodic survival benefits.

Insurer's Top 5 Money-Back Plans

The greatest Money Back programs to consider are as follows:

  1. The ICICI Pru Cash Advantage Plan

The ICICI Pru Cash Advantage Plan offers guaranteed lump-sum distributions at regular intervals during the policy life, as well as a lump-sum payment upon policy maturity. You begin receiving lump-sum payments under this plan as soon as the premium payment term ends.

  • There is a Maturity Benefit available.
  • There are Guaranteed Cash Benefits available.
  1. HDFC Life Super Income Plan (HDFC Life Super Income Plan)

The HDFC Life Super Income Plan offers guaranteed income and capital growth for a period of 8 to 15 years. You will get a regular income starting in the second policy year and continuing until the conclusion of the policy term if you choose the single pay option.

  • No Hassle Issuance with a Single Premium Payment 
  1. Money-Back Guarantee from Kotak Premier

The Kotak Premier Money Back plan is a premium-restricted plan that pays out lump sum distributions at regular intervals throughout the policy term to help you fulfil your financial demands at different stages of life.

  • Accidental Death Benefit is given in lump sum payments at regular intervals.
  • Bonuses are provided beginning with the first year of the policy's duration.
  1. Money Back Plus Plan from Tata AIA Life Insurance

The Tata AIA Life Insurance Money Back Plus Plan is a combination life insurance and savings plan from Tata AIA. Throughout the life of this plan, guaranteed payments are given at regular intervals. This plan also offers an accident benefit for extra peace of mind.

  • There is an Accidental Death Benefit available.
  • The option to choose one of three payment options
  • There are two kinds of bonuses to choose from.
  1. Bajaj Allianz Cash Assure Plan

Bajaj Allianz Cash Assure is a traditional money back plan that includes both life insurance and a savings option. Over the course of the policy's term, this plan pays out a lump amount at regular intervals.

  • 16 years, 20 years, 24 years, and 28 years are the policy periods offered.
  • There is a Maturity Benefit available.
  • There are death benefits available.


One of the better methods to handle your life investment protection is to use a money back guarantee. You will receive money at regular intervals during the policy term, a sum assured at the conclusion of the policy term, bonus amounts as specified by the insurer, and appropriate insurance coverage throughout the policy period. For an investor searching for a policy that provides assured returns as well as benefits at various periods of life to help pay for important future costs, a full money back plan makes sense.

Also Read: Is it Worthwhile To Invest In Life Insurance Riders?

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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