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Top Money-Back Plans To Buy In 2021

Published On Jul 27, 2021

This policy is ideal for risk-averse people who want to save money through insurance while maintaining liquidity. The nominee receives the whole sum promised if the insured individual dies, and the survivor benefits are not subtracted. A money-back insurance plan provides the same maturity benefits in the form of multiple guaranteed "survival rewards" that are spaced equally over the policy's duration. As a result, a money-back insurance policy is an endowment plan with regular liquidity.

A money return policy pays out on a regular basis, guaranteeing a constant stream of cash to assist policyholders to cover costs as they arise throughout the policy's term. Money return plans combine the benefits of an insurance policy with those of investment, ensuring that the policy pays the policyholder an income rather than merely a lump sum in the case of the life assured’s death.

These plans provide a guaranteed return on investment, as well as monthly payouts and insurance coverage, making them an excellent choice for anyone seeking both protection and income. A money-back policy provides a policyholder with a maturity benefit as well as a regular income in the form of "survival benefits" during the term of the policy, in addition to the normal life insurance provided by regular plans.

Top 5 Money-Back Plans To Buy In 2021

  • Kotak Premier Money-Back Plan

  • Tata AIA Life Insurance Money-Back Plan

  • ICICI Pru Cash Advantage Plan

  • HDFC Life Super Income Plan

  • Bajaj Allianz Cash Assure Plan

Kotak Premier Money Back Plan

The Kotak Premier Money Back plan is a restricted premium payment plan that pays out lump-sum payouts at regular intervals during the policy term, allowing you to fulfill your financial needs at various periods of life.

  • Payments made in lump sums at regular times
  • Accidental Death Benefit is available
  • Bonuses are available from the first year of the policy's duration

Tata AIA Life Insurance Money-Back Plan

The Tata AIA Life Insurance Money Back Plus Plan is a life insurance and savings plan in one. Guaranteed payments are made at regular times throughout the life of this plan. For added security, this plan includes an accident benefit.

  • There are two types of bonuses available
  • The ability to pick between three different payment possibilities
  • Accidental death benefit is available
  • Availability of riders

ICICI Pru Cash Advantage Plan

The ICICI Pru Cash Advantage Plan provides guaranteed lump-sum distributions at regular intervals throughout the policy period, as well as a lump sum amount at policy maturity. As soon as the premium payment period expires, you begin receiving lump-sum distributions under this plan.

  • Maturity Benefit is available
  • Guaranteed Cash Benefits are available

HDFC Life Super Income Plan

HDFC Life Super Income Plan provides guaranteed income for a period of 8 to 15 years, as well as assured capital growth. Under the single pay option, you will get a regular income starting in the second policy year and continuing until the conclusion of the policy term.

  • Issuance with a Single Premium Payment
  • No Hassle

Bajaj Allianz Cash Assure Plan

Bajaj Allianz Cash Assure is a typical money-back plan that offers life insurance as well as a savings option. This plan pays out a lump amount at regular periods over the policy's term.

  • There are four policy periods available: 16, 20, 24, and 28 years
  • Maturity Benefit is available
  • Death Benefits are available


I would like to conclude that a money-back policy is an endowment plan that offers guaranteed returns over the policy's term. The money-back plan's maturity benefit may be slightly lower than that of an endowment plan. There are many plans to choose from. Before investing, the investor must compare different money-back options and benefits and pick a suitable one. In this article are some such plans to pick from.

Also read 

Advantages of a Money Back Plan

Which Is Better, Money-Back Or Endowment 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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