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Should I Purchase the Money-Back Plan Online or Offline?

Published On Aug 04, 2021 10:00 AM By InsuranceDekho

Money-back is a life insurance plan that offers regular payouts, benefits like survival, death, and maturity, and promotes investment and saving. You must consider different [lans and make a proper plan to invest in a plan that can get along with your lifestyle without leading to financial trouble or difficulties.

You can buy a money-back plan online or offline. Comparing different aspects and considering your flexibility, you must pick a money-back plan that suits you and your lifestyle. Buying a money-back plan provides a life cover, benefits like survival, maturity, death, and tax benefits along with additional riders and add-ons. 

Buying A Money-Back Plan Online

Buying a money-back plan online has more advantages when compared to offline. The following benefits come with buying a money-back plan online.

1. Comparing different plans

It is always advised to compare different plans and choose a plan that suits your lifestyle before you buy a plan. If you choose to buy a money-back online, you will have access to already made comparisons between different plans. It is an advantage because you will just have to read about different plans already laid out in front of you instead of researching by putting together all the plans separately.

2. Brands

Through an internet connection, you can have access to the whole website of different brands all day to obtain information about their plans. You will not have to wait until the company premises has to open. As online websites of companies can not afford to provide anything other than what they have promised, you can be sure of what you are investing in. 

3. Cost and Sum Assured

Purchasing a plan online does not involve dealing with agents. Hence, there is a cost difference between online and offline modes of up to 30-70%. In simple words, online plans are much cheaper than those offline.  

4. Flexibility

You can choose an ideal plan through online mode as the horizon of options for you to pick a plan that can get along with your lifestyle easily. The net provides a wide range of plans to choose from by different insurers. Whereas in offline mode, you can compare plans from a single company at a time. 

Buying A Money-Back Plan Offline

Some aspects of buying a money-back plan are given below -

1. Additional Rider Benefits

If you buy a plan online, you can avail of only survival, death, maturity benefits provided all the premiums are successfully paid. In offline mode, you can add riders to your plan to cover different aspects of your life which are not already covered in the traditional plan.


Buying a money-back plan is a smart choice as it can cover your life and provide financial stability to your family even after you are gone through its benefits like survival benefit, death benefit, maturity benefit, and tax benefits. You can buy a money-back plan online or offline. Online mode, however, is a cheaper option. It provides us with many benefits like legitimacy.

You may also like to read - Should I Exit From Money-Back Insurance Plan?

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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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