Steps To Check The Details Of Your Existing Money Back Insurance Plans
Published On Jul 05, 2021
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Money Back Plans compared to other traditional plans in the market which provide the pay-out at the maturity of the policy. Money-Back Plans as the name says it all, offer Guaranteed Money Return in between the tenure at fixed periods as defined in the policy contract in addition to other benefits such as Maturity and Death Benefits. These amounts paid at intervals are a percentage of the sum assured and are known as Survival benefits. A Money-Back Plan not only offers a cover as well as it provides an additional source of secondary income.
In this article, we will keep a focus on Steps to check the details of your existing Money Back Insurance Plans
Why Do You Need A Money Back Policy?
These Plans of Money Back have less risk involved and it also guarantees you the common benefits of any other traditional policy plans, in addition, you also offer a helping hand during times of financial crisis. If you avail the right Money-Back Plan considering factors such as, your financial goals, the duration that you have in mind to stay invested, deciding the appropriate time period for the premium payments, etc, then you will be able to tackle any uncertainty that may arise in the future.
Steps To Check The Details About Your Money Back Policy
For New Users-
Step 1- The new users need to fill up the registration form available on the insurance company's website. These forms require general details like your name, email address, contact details, type of policy, etc.
Step 2- The form will have multiple blank columns to fill up the details like 'your policy number', email address, date of birth, and in many cases the type of policy that you have chosen.
Step 3- Once you fill up all these details the system will send a verification email to your e-mail address that you mentioned in your registration form.
Step 4- Now, you have to go to your email inbox where you will find a verification link sent by the insurance company. You need to click on that link to verify your email address.
Step 5- You are registered on the website now. You can go back to the insurance company's website and check the information related to your policy from your registered account.
For Registered users
Step 1- Go to the official website of the insurance company from whom you have purchased the plan.
Step 2- You will see the login page where you can sign in with your registered username and password.
Step 3- Once you are logged in, you need to select the option of 'View enrolled policy'. This option may vary according to various websites.
Step 4- Choose the policy of your choice, in this case, your Money Back Policy.
Step 5- All the information relating to your Money Plans such as the premiums paid till now, any overdue, or the survival benefits received to date will be mentioned.
How To Check The Details Of Money-Back Policy Via Ivr (integrated Voice Response) System?
In case you are not tech-savvy or do not have access to the internet or a computer then you can call the IVR line of the insurance company. The contact numbers can be found on the official website or the policy documents. Along these lines, you will be asked to type in your policy numbers so that the system can verify you as an individual policyholder, and then you can choose the options according to your preference to get the details. Apart from this, you can also call your dedicated insurance advisor to get the required details and they will do the rest for you.
Even though it's a digital era, the insurance company offers both online and offline modes of contact for their prestigious customers. They have 24/7 available services and modes of contact which makes it easier for a policyholder to get the required details in case of emergency.
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.