Compare Money Back Insurance Plans Available in India Online

A money back plan is a strategy that returns you periodic sums of the maturation benefit far in advance of the end of the scheme period. The policyholder will get recurring payments as far as they are still alive rather than one lump sum payment at the completion of the policy's duration or upon death. However, when the death advantage has been paid or the expiration has been reached, no further payments shall be made under the policy.  The various money-back programmes available in India are described and contrasted below.

Money Back Policies Available in India Online

The following list includes some of the most popular money back policies in India :

1.     HDFC Life Super Income Plan

Its minimum, non-linked, and participatory pay structure. When the period of premium payments is through, the insured person gets payback for the outstanding insurance term. Therefore, once you cease making premium payments, you can still get income annually for eight to fifteen years. The money back bills cease if a death advantage is sought.

2.     Reliance Nippon Life Super Money Back Plan

This quasi, non-linked plan will offer you payback every five years till the end of the policy duration. Payment of the premium is necessary only during the first part of the selected scheme's term. Your overall savings increase yearly thanks to loyalty adds, and the policy also provides a maturity bonus as a survival incentive at the end of the policy term.

3.     Max Life Monthly Income Advantage Policy

After ten years of the term for paying the premiums, this participation, non-linked plan delivers guaranteed monthly income. Policyholders can select the insurance payment they want to invest based on their own needs. Policyholders have the option to acquire life insurance for up to twenty-five years additional to the investment benefit.

4.     Smart Money Back Gold

Over the course of the policy, this enrolling plan offers payback at regular intervals. When you get a refund depends on how long the policy is in effect. You will also get the residual money covered, along with any earned incentives, at the end of the course or as a death benefit. An INR 400 premium is the absolute minimum. 

5.     Aviva Dhan Samruddhi

The assured money back payments under this non-participating, unlinked insurance scheme are made each five years until the policy expires. You can receive an additional 125 percent of the yearly premium in cash through dividends. You are guaranteed bonuses every year that range from seven percent to nine percent of the yearly subscription.

Conclusion

It's crucial that you get the best money back policy if you want to ensure your future. You will have to check out the many insurance plans provided in India, and depending on your need, make a good choice. Once you are clear about your needs, you can make a calculative decision and invest in a plan that suits your interest. This will not only help you to secure your future but also your family’s in case of your untimely demise.

Also read: Is It Possible to Get Return On Insurance Premium Under Money Back Policy?

Money Back Policy Or Term Insurance: Major Differences you Should Be Aware of