Best Money Back Policy Online in India

Investment is a financial tool that can secure the future of investors and their loved ones. Money Back Policy is the policy that can be used for a short term investment purpose such as household expenses i.e. electricity bills, basic necessities, school fees and many more. Money-back policies offer a percentage of the sum assured at regular intervals to the investor. 

The remaining sum assured along with bonuses is paid at the end of the policy tenure. It is an ideal choice to fulfil short-term goals. If in case a policyholder dies in an unfortunate circumstance the sum assured and the accrued bonus paid to the nominee of the policy. 

In this article, we will discuss the Best Money Back Policy Online in India in detail.

Best Money Back Policy Online In India

 Here we have listed down some best Money Back Policy in India which you can purchase for your family and loved ones.

• Kotak Premier Money Back Plan

Kotak Premier Money Back Plan is a participating, saving cum protecting plan. This plan provides the benefit of regular cash payout at periodic intervals during the policy tenure. It offers the basic sum assured according to the policy term to meet requirements during financial instability along with the inbuilt accidental death benefit. The death benefit is paid to the nominee in case of the death of the policyholder. It offers you the tax-free benefit as well as the advantage of maturity bonuses under this plan. 

• Tata AIA Life Insurance Money Back Plus Plan

Tata AIA Life Insurance Money Back Plus Plan is a non-linked, traditional, participating insurance plan. Under this plan, the sum assured amount is paid in instalments along with this full financial protection is provided. It promises the policyholder twin benefits of saving and life cover. Tata AIA Life Insurance Money Back Plus Plan offers the policyholder triple privilege including the death benefit, maturity benefit and guaranteed additions. It offers you the flexibility to choose among three payout options. 

• ICICI Pru Cash Advantage Plan

ICICI Pru Cash Advantage Plan is a non linked, traditional, the participating insurance plan. This plan offers the liquidity feature for free flow of income to fulfil the financial requirements such as medical requirements, education expenses, etc. Life coverage is provided to the insured and their loved ones to safeguard them in the absence of the policyholder. ICICI Pru Cash Advantage Plan promises the triple privilege including the death benefit, cash benefit and maturity benefit. 

• Bajaj Allianz Cash Assure Plan

This plan provides the lump sum amount of the sum assured at regular intervals during the policy tenure to meet your short term goals. It is a traditional Money Back Policy and has the advantage of the smaller premium payment term. For female policyholders, there are some special plans. It also includes tax benefits the premium paid will be deducted from the taxable income. It provides you with the facility for a free period of 15 days. 

• HDFC Life Super Income Plan

HDFC Life Super Income Plan is a limited Endowment Plan with a guaranteed regular income. Medical tests are not required under this plan. These plans offer cash liquidity and life cover to safeguard your future requirements. HDFC Life Super Income Plan is a traditional, participating savings plan. It also includes tax benefits along with other benefits, the premium paid will be deducted from the taxable income. 

Conclusion

Money Back Policy is the popular choice policy among policyholders. If you are looking for a regular flow of income at regular intervals, guaranteed additions, death benefits, survival benefits then this is the place that you are looking for. Undoubtedly Money Back Plans are one of the best ways to plan your future for short term goals as well as for long term goals.

Also Read: 

Reasons To Not Quit Life Insurance Policy In Between The Policy Term

What Happens If You Lie On A Life Insurance?

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.