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Which is the Best Money Back Policy?

Published On Jul 16, 2021 10:00 AM By InsuranceDekho

The Money Back Plan provides financial support to you and your family. In a Money Back Plan, you pay the premiums to build the value of the Maturity Amount, and at the same time, it offers you a percentage of the Maturity Amount at fixed intervals during the Policy Term.

Benefits of Money Back Plans

Below mentioned are some of the benefits of Money Back Plans: 

  • Survival Benefit 

    The Survival Benefit is a small percentage of the Maturity Amount that is paid at fixed intervals during the Policy Term. These amounts work as regular income so that if any emergency arises then you will have sufficient backup. The Survival Benefits are paid at fixed intervals, suppose you have purchased a Money Back Plan with a Policy Term of 20 years. The Survival Benefit starts from the 5th year. Every 5th year till Maturity the policyholder receives a certain amount that he or she can use to fulfill their financial needs or save it for future expenses or to increase wealth if everything goes right.
  • Death Benefit

    The Money Back Plan provides financial support even in the absence of the insured person. In case the insured dies in between the policy term then the Maturity Amount is paid as the death benefit to the nominee of the insured. For example, if someone has purchased a Money Back Policy for a Policy Term of 20 years. If the person dies in the 7th Policy Year then the nominee will receive the sum assured which was promised at the time of purchase of the Policy and all the Bonuses which have been accumulated till the death of the insured. After the death of the policyholder, the nominee is not eligible to receive Survivor Benefits.
  • Maturity Benefit

    This is the final value that is paid out to the insured at the end of the Policy Term. The Maturity Amount are also known as the Maturity Benefit also includes any bonuses that are accumulated over the policy years. This payout is made at the end of the Policy Term. All the premiums that have been paid till this period lead to the guaranteed return on investment in the form of the Sum Assured.

In this Article, We have prepared a list of the best Money Back Plans for you. 

Best Money Back Plans

Some of the best Money Back Plans are as follows: 

  • Kotak Premier Money Back Plan

    Kotak Premier Money Back Plan is a limited premium payment plan that provides lump-sum payouts at regular intervals during the Policy Term that help you meet your financial requirements at different stages of life. The plan provides Lump-sum payouts at Regular Intervals. Accidental Death Benefit. It offers Bonuses from the first year of the Policy Term.
  • Tata AIA Life Insurance Money Back Plus Plan

    This plan provides Guaranteed Payouts at regular intervals throughout the term. This plan has an in-built Accident Benefit for additional protection. Accidental Death Benefit. It provides 2 kinds of Bonuses as well as Availability of Riders. 
  • ICICI Pru Cash Advantage Plan

    It provides Guaranteed lump Sum Payouts throughout the Policy Term at regular intervals and a lump sum amount on Maturity of the Policy. Under this plan, you start receiving the lump sum payouts as soon as the premium payment term ends. You will receive Maturity Benefit and Guaranteed Cash Benefit after purchasing the plan. 
  • HDFC Life Super Income Plan

    It offers guaranteed income for a period of 8 to 15 years with guaranteed wealth appreciation. Under this plan, you will receive regular income from the second policy year onwards till the end of the Policy Term. The plan offers Single Premium Payment and Guaranteed Cash Benefit. 
  • Bajaj Allianz Cash Assure Plan 

    This is a traditional Money Back Plan which provides life coverage and a savings opportunity. It includes Policy Terms of 16, 20, 24, and 28 years. Bajaj Allianz Cash Assure Plan provides Maturity Benefit and Death Benefit.


These are the best Money Back Plans which are available in the market. Each one of them has its own sets of Additional Benefits, however, all of them have a few things in common. All these plans are risk-free, they offer guaranteed returns during the Policy Term and at the time of Maturity. 

Also Read: What Is Not Covered Under The Money Back Policy?

Why Should I Buy Money Back Plans Online?

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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