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Know About Best Money-Back Policies In India

Published On Dec 29, 2021

A money-back policy is a form of life insurance that permits the insured to receive periodical payments or a lump-sum payment at a predetermined time throughout the policy duration. A money-back policy's returns might be guaranteed, contingent on investment success, or a combination of both. A money-back plan is a sort of investment strategy. You receive a survival benefit as well as a maturity benefit and a bonus here (if any). Money return policies are crucial because they provide monies at regular intervals after a certain length of time until the insurance term expires. This enables you to obtain money-back coverage that is tailored to your specific financial objectives. Let's look at some of India's top money-back policies.

Best Money Back Plans In 2021

The best money-back plans to consider are as follows:

  • ICICI Prudential Cash Advantage Plan 

This plan delivers a guaranteed cash return while supplementing your normal income. It normally begins the year following the end of the premium payment period.

ICICI Prudential Cash Advantage Plan Features

  • It pays out everything at once, allowing you to budget for the future.
  • You have the option of paying the premium in any way that is most convenient for you.
  • Even when you are not around, it provides all-around safety for your family.
  • You will earn a bonus if the insurance provider announces one.

G CAP Plan by Edelweiss Tokio Life

GCAP aids you in accumulating wealth so that you may achieve your ambitious ambitions and be proud of your achievements. This plan has a fully guaranteed maturity benefit, a death benefit, and a Guaranteed Accrual Addition.

Edelweiss Tokio Life G CAP Plan Features

  • It offers some benefits that are well-defined.
  • With this plan, you may choose the length of your insurance and the conditions of your premium payments.
  • In times of financial crisis, it also offers financing options and discounts.
  • Anyone between the ages of 91 days and 55 years old can apply for insurance for ten, fifteen, twenty-five, twenty-five, or thirty years.
  • A non-linked insurance plan with guaranteed addition and benefits, as well as maturity and death benefits.
  • With this plan, you may choose the length of your insurance and the conditions of your premium payments.

Tata AIA Life Insurance's Money Back Plus Plan

Tata AIA Life Insurance is a life insurance company owned by Tata. The Money Back Plus Plan combines life insurance with savings. Guaranteed payments are made at regular periods during the plan's duration. b This plan also offers an accident benefit for extra peace of mind.

Tata AIA Life Insurance Money Back Plus Plan Features:

  • There is an Accidental Death Benefit available.
  • The option to choose between three alternative payment methods
  • There are two kinds of bonuses to choose from.
  • Availability of Riders

Bajaj Allianz Cash Assure Plan

Bajaj Allianz Cash Assure is a standard 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 sum at regular intervals.

Bajaj AllianzCash Assure Plan Features

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


A money-back guarantee is one of the finest methods to manage your life investment insurance. You will get money at regular intervals during the policy term, a sum assured at the end of the policy term, and bonus amounts as stipulated by the insurer, as well as suitable insurance coverage during the policy time. A complete money-back plan makes sense for an investor looking for a policy that offers guaranteed returns as well as rewards at different stages of life to help pay for major future costs.

Also read: 

Are Money Back Policies Really Effective?

Common Exclusions in 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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