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Popular Money-Back Plans in India 2021

Money-back plans are life insurance plans that are generally opted by people to fulfill their short-term goals or pre-planned major events. These plans help you financially through huge expenditures and save and grow your money for your retirement or any pre-planned major goal that requires financial support. They provide benefits like survival benefit, maturity benefit, death benefit, tax benefit, a long life cover, and additional riders. The maturity benefit offered by these plans makes the plans a little more than just a life insurance plan. It makes them a saving instrument. 

Saving and growing money for the future is exciting but without proper research, you might not be able to efficiently save the amount you want to save. Comparing different aspects of your life and the benefits provided by different money-back plans available in the market is suggested before picking a plan that includes investing your money in it. Before you pout your money in an investment or a savings instrument, you must know how much it is that you need to save and consider your financial position and financial window before investing. You must make sure that you are not stretching beyond the limit. There are many safe and efficient plans in the market that provide just the benefits and sum assured in the end. 

5 Popular Money-Back Plans in India 2021

Following are the 5 most popular money-back plans which you can consider for your investment - 

1. Kotak Premier Plan

It is a limited premium payment plan. Kotak Premier Plan offers lump-sum payouts at regular intervals in the duration of the policy term. This way it helps you meet your financial requirements at different stages of life.
This plan offers  -

  • Regular payouts during the policy term
  • Accidental death benefit
  • Bonuses from the first year of the beginning of the policy.

2. ICICI Pru Cash Advantage Plan

The ICICI Pru Cash Advantage Plan has guaranteed regular payouts included in the benefits. It starts paying the lump-sum payouts after the premium payment term ends.

This plan also offers -

  • A maturity benefit
  • Guaranteed cash benefit.

3. HDFC Life Super Income Plan

The HDFC Life Super Income Plan provides a guaranteed income period of 8 to 15 years. This period comes with guaranteed wealth appreciation. The life assured will receive regular income from the second year of the policy term. It will last until the end of the policy term. This can be under the single pay option.

This policy offers -

  • Single premium payment option
  • A hassle-free insurance experience.

4. Bajaj Allianz Cash Assure Plan

The Bajaj Allianz Cash Assure Plan offers life coverage and saving options. It is a traditional money-back plan. It offers regular payouts throughout the policy term. 

This plan also offers -

  • Options of 4 policy terms. They are 16, 20, 24, and 28 years.
  • A Maturity Benefit.
  • A Death Benefit.

5. Tata AIA Life Insurance  Money-Back Plus Plan

This plan offers both life insurance and saving instruments. Tata AIA Life Insurance  Money-Back Plus Plan also o0ffers regular payouts throughout the duration of the policy tenure. For additional protection, an accidental death benefit is offered.

This plan also offers -

  • Three payout options to choose from depending on your comfort
  • Accidental death benefit
  • Two kinds of bonuses
  • Additional Riders.


In conclusion, money-back plans are great for saving and growing your money. It is suggested to compare different aspects and different money-back plans to pick one that suits your lifestyle before you start to invest in the plan.

Must Read: Things To Consider Before Buying a Money-Back Plan

Standard Terms and Conditions for 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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